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Eurusddaily

EURUSD BUY SIGNAL DAILYHello dear traders, The EUR/USD currency pair is in an upward channel on the daily timeframe. Given the areas of supply and demand, as well as the liquidity present at the green levels, trading in this area can be logical. The trigger for entering this trade is the breaking of the downtrend line, which is indicated by the purple color. This means that we are not allowed to enter until this line is definitely broken. Suitable support levels for going long with the condition of breaking the downtrend line are: 1) 1.090 2) 1.073 You can place your stop loss below the pivot formed. I hope this has been useful for you.
Long
by jawad369
📈EURO analysis, Weekly insight into price behavior📉FX:EURUSD OANDA:EURUSD Hello Traders, please check out my previous ideas. Continuing from the previous analytical scenario, if the euro stabilizes above the red zone (crossing the weekly Bollinger midline), the price can climb up to the right shoulder. In the opposite scenario, if the price does not follow the conditions of the previous scenario, the price can fall to around 1.07676. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
Long
by CrazyS
1
A Sell for the EURUSDThe EURUSD has exhibited an upward trend, likely influenced by a slight decline in the Dollar, possibly linked to the ongoing Jackson Hole Symposium, which holds significance for various markets awaiting insights from FED Chair Jerome Powell. When considering both fundamental and technical perspectives, our stance remains bullish on the dollar, unless there is a shift in the underlying fundamentals. The Dollar's moderation led the EUR to approach a notable supply zone around 1.09300. Interestingly, referring to yesterday's analysis, the market displayed a favorable response near 1.09150. However, a closer examination revealed that the market did not experience a substantial breakdown in its structure towards the downside. Consequently, it swiftly reversed its course, ascending towards the 1.09300 mark. Anticipating the market's trajectory, I find the only potential concern was the demand zone situated around the 1.087 level. Yet, I am confident that this demand has been effectively depleted. Furthermore, a noticeable volume of liquidity exists on the downward side. As a result, my expectation is for the market to trend downward, approaching the 1.084 range.
Short
by DagemFxStudio
EURUSD 30-Minute Chart AnalysisTraders and analysts alike are perpetually drawn to the intricacies of chart analysis. In today's discussion, we delve into the 30-minute chart of EURUSD, shedding light on its recent price movement within the symmetry triangle's second part. This analysis unravels the story of EURUSD's descent since August 10, 2023, and the compelling zones that have come into play during this intriguing period. 1. Support 1 at 1.09002: At the foundation of this analysis, we find Support 1 at 1.09002. This zone has been instrumental in halting the price's decline on multiple occasions. It signifies the market's willingness to prop up the EURUSD pair around this level, showcasing the impact of investor confidence and the potential for a rebound. 2. Support 2 at 1.08742: Deeper within the price's journey lies Support 2 at 1.08742. This level has proven to be a robust barrier against further declines, demonstrating its resilience as a technical stronghold. Traders are closely monitoring how the price interacts with this zone, as it could be a decisive point for the pair's next move. 3. Resistance 1 at 1.09627: As the price attempts to regain lost ground, it faces its first challenge at Resistance 1, situated at 1.09627. This zone has acted as a notable ceiling for the EURUSD's ascent, revealing the hurdles in the way of a substantial recovery. Observing the price's behavior near this resistance can provide insights into the strength of the ongoing bullish sentiment. 4. Resistance 2 at 1.10059: Moving further up the chart, Resistance 2 at 1.10059 stands as a testament to the market's determination to resist the price's upward momentum. This level symbolizes a key checkpoint for the EURUSD pair, and traders are closely gauging how the price reacts as it approaches this significant boundary. 5. Resistance 3 at 1.10500: At the zenith of this analysis, we find Resistance 3 at 1.10500. This level represents the highest point the price has managed to reach since August 10. The battle between buyers and sellers intensifies around this mark, as the price's interaction with this resistance could foreshadow a breakout or a retracement. Conclusion: The EURUSD 30-minute chart offers a captivating narrative of the pair's journey through a symmetry triangle's second part, encapsulating the dynamics of its descent. The defined support and resistance zones, each with its own story to tell, guide traders in understanding the prevailing market sentiment. However, it's important to remember that while technical analysis offers valuable insights, a comprehensive trading strategy integrates various factors, including fundamentals and psychology, to make well-informed decisions. As the market continues to respond to economic data releases and global events, traders are poised to leverage the insights gleaned from this technical analysis, ensuring a holistic approach to trading EURUSD and capitalizing on potential opportunities.
by enclavefx_Analaysis
EUR/USD re-targets 1.1000 post US-CPIShort(Mid Term : BULLISH EUR/USD looks to regain some fresh buying interest following CPI-led weakness in the US dollar on Wednesday. The movement of the euro's value is expected to closely mirror the behaviour of the US Dollar and will likely be impacted by any differences in approach between the Fed and the ECB with regard to their plans for adjusting interest rates. Moving forward, hawkish ECB-speak continues to favour further rate hikes, although this view appears in contrast to some loss of momentum in economic fundamentals in the region. Eminent issues on the back boiler: Continuation (or not) of the ECB hiking cycle. Impact of the Russia-Ukraine war on the growth prospects and inflation outlook in the region. Risks of inflation becoming entrenched. EUR/USD levels to watch So far, the pair is gaining 0.28% at 1.0989 and faces the next up-barriers at 1.1095 (2023 high April 26) and 1.1100 (round level) en route to 1.1184 (weekly high March 21 2022). On the other hand, the next contention level aligns at 1.0941 (monthly low May 2), followed by 1.0909 (weekly low April 17) and finally 1.0831 (monthly low April 10). The EUR/USD pair remained under selling pressure throughout the first half of the day, meeting sellers ahead of the 1.1000 figure and hovering at the lower end of its weekly range at 1.0950 ahead of first-tier United States (US) data. The US Dollar retained its latest strength amid a risk-averse environment and, despite Treasury yields, lost momentum. Eurozone (EU) news passed unnoticed. Germany published the final version of its April inflation figures, confirming the Harmonized Index of Consumer Prices (HICP) rose at an annual pace of 7.2%. The core reading also matched the preliminary estimate at 7.6%. EUR/USD short-term technical outlook The EUR/USD pair daily chart shows that further gains remain unclear. The pair remains below a directionless 20 Simple Moving Average (SMA) while the longer ones maintain their mildly bullish slopes far below the current level. Technical indicators, in the meantime, lack directional strength within neutral levels. In the near term, and according to the 4-hour chart, the technical picture is quite similar. The pair recovered from around a mildly bullish 200 SMA, but a bearish 20 SMA crossing below a directionless 100 SMA provide near-term resistance around 1.1000. Finally, technical indicators turned north but remain within positive levels. If the pair is able to regain and sustain gains above 1.1000, bulls may retake control of the pair. Support levels: 1.0940 1.0890 1.0830 Resistance levels: 1.1000 1.1050 1.1100
Long
by DaveBrascoFX
11
7 Dimension Analysis For EURGBP 😇7 Dimension Analysis - Daily Time Frame: Identifying Potential Reversal Opportunities 1: Price Structure: Bullish trend with an initial choch (Correction of Higher Chance) phase. The move is impulsive, but weakness is evident with an inverter hammer and a doji candle formation. Inducement is completed, and the price has changed its character. A liquidity sweep has occurred with no pullback yet. Demand area and weekly support are defined, providing a strong foundation. 2: Patterns: 🟢TREND LINES: Multiple angles and horizontal lines indicating potential support and resistance levels. 🟢CHART PATTERNS: Double bottom pattern with a fake breakout. Rectangle pattern already broken. A fake out occurred at the bottom. 🟢CANDLE PATTERNS: Inverted hammer with multiple long wicks. Doji candle formation. A record session count with 6 consecutive sessions showing proper higher high closings. Change in guard pattern completed. Inside Bar pattern with the last two sessions forming an inside hammer and an inside doji. 3: Volume: High volume at the start of the swing, but currently low volume. 4: Momentum UNCONVENTIONAL Rsi: 🟢 Sideways to bullish . 🟢 Range shift from Bearish to sideways. 5: Volatility measure Bollinger bands: 🟢 Squeeze breakout occurred, but unable to sustain. Now, middle band support will decide further direction. 🟢 W formation completed, suggesting a move towards the target. 🟢 Dual band derivation 1 supported. 6: Strength ADX: Bulls are currently in power. 7: Sentiment ROC: The rate of change indicates that EUR is stronger than GBP. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish ☑️ Entry Move: Corrective wait till Choch ✔ Support Resistance Base: Third Higher Low (3rd HL) May push prices into trigger area ➕ FIB: Trigger event activated ↕️ Trend line breakout: Wait for confirmation. after breakout we will wait price can finish corrective move ☑️ Final Comments: Waiting for the completion of the corrective move. 💡 Decision: Patience until the price completes its correction. 🚀 Entry: 0.8591 ✋ Stop Loss: 0.8499 🎯 Take Profit: 0.8755 😊 Risk to Reward Ratio: 1:3 🕛 Expected Duration: 10 days.
Long
by Optimum369
EURARS Long The perfect Bullish Trend45 degress; Andre Kostolany called this conditions as the perfect healthy trend that will continue longer than expected! strategy bullish trend no profit taking The trade is over ,if the trend conditions change Argentina’s experience after the collapse of the peso ten years ago supports the view that Greece, and perhaps other peripheral economies, would ultimately be better off leaving the euro-zone rather than struggling on with the current mix of austerity, bail-outs and debt restructuring. Summary Peronism, a populist movement established by President Juan Peron in the 1940s, remains the dominant political ideology in Argentina, but several parties with varying philosophies now vie for power. Despite its economic might, Argentina has often struggled to meet its international financial obligations, defaulting on its sovereign debt nine times. Argentina has maintained a close partnership with the United States since the Obama administration, but its relations with the rest of South America have been strained over China’s growing influence in the region. Argentina is considered one of the most stable democracies in Latin America, but the government faces several enduring challenges, including endemic corruption and low levels of public trust. In 2020, Argentina ranked 78 out of 180 countries on Transparency International’s Corruption Perceptions Index, tying with states including China and Kuwait. What is the state of Argentina’s economy? Argentina is the third-largest economy in Latin America, behind Brazil and Mexico. Its major industries include automobiles, textiles, mining, technology, agriculture, and tourism. Additionally, analysts say there is significant economic potential in the development of renewable energy, such as solar and wind power, and related resources, such as lithium. Argentina has historically shifted between pro-business and populist administrations, which have taken a more heavy-handed role in the economy and increased social spending. Before taking office, Fernandez promised to reverse the austerity measures enacted under Macri. His administration has since increased taxes on exports and high-income households, lowered interest rates, and raised the minimum wage. However, while year-on-year unemployment has fallen recently, the country still has one of the highest inflation rates in the world, and four in ten Argentines live below the national poverty line. Argentina’s top trading partners are the United States, Brazil, and China. The United States is also Argentina’s largest foreign investor, with more than three hundred U.S. companies operating there. In addition, Argentina is a member of several regional trade groups, including the Southern Common Market (Mercosur) and the Latin American Integration Association, and it is currently a prospective member for the Organization for Economic Cooperation and Development, a bloc of the world’s most advanced economies. What are Argentina’s major economic challenges? Argentina’s climate for business and investment has worsened in recent years, weakening due to political dysfunction, price and capital controls, high inflation, debt concerns, and the COVID-19 pandemic. In 2020, foreign investment dropped to $4.1 billion, down 38 percent from the previous year, and several international companies announced they were downsizing or leaving Argentina amid the country’s ongoing recession. The overall economy has shrunk each year since 2018. Argentina was one of the ten wealthiest countries per capita in the early twentieth century. However, economists say that its overreliance on commodity exports and unsustainable government spending fueled frequent boom-bust cycles, resulting in political instability and economic decline in the decades that followed. Successive administrations have struggled to keep the country’s finances in check during periods of economic turmoil. As a result, Argentina has often failed to pay its international creditors; it has defaulted on its sovereign debt nine times over the last two centuries, one of the most frequent in the world to do so. The largest default occurred in December 2001, when the government reneged on nearly $93 billion in loans, causing Argentina to lose access to international debt markets. To restore its ability to borrow, Macri cut export taxes, lifted currency controls, and negotiated a debt settlement with holdout creditors in 2016. While these actions were successful, Argentina lost access again following the country’s default in May 2020. As of December 2020, Argentina’s total national debt was $336 billion, or nearly 90 percent of its gross domestic product (GDP). Of that, the government owes $45 billion to the International Monetary Fund (IMF) and $2.4 billion to the Paris Club, an informal group of private creditors.
Long
by DaveBrascoFX
1
EurUsd -> Riding The Obvious WavesHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd 💪 With EurUsd retesting previous monthly structure and the 0.618 fibonacci retracement level I do expect a short term bearish rejection on EurUsd and then simply more bullish movement. Weekly market structure is quite clear with EurUsd still trading in an obvious rising channel and now retesting the upper resistance trendline so also from a weekly perspective a move lower is quite expected. However I am still waiting for EurUsd to shift back to a daily bearish market because at the moment everything still looks very bullish and if this shift happens then I also do expect a move lower on the daily timeframe. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
Short
by basictradingtv
43
Bull Trend Continues as EUR Dips Remain in the 1.10 Zone!I hope this email finds you in high spirits and enjoying the exciting world of forex trading! I'm thrilled to share some fantastic news that will surely make you smile. The bull trend in the EUR/USD pair shows no signs of slowing down, with EUR dips consistently remaining in the 1.10 zone across all time frames. But wait, there's more! I predict this upward momentum will soon push the EUR into the coveted 1.11 zone. Isn't that remarkable? It's time to gear up and seize this incredible opportunity that lies before us. So, what does this mean for you as a Forex trader? It's simple - you should continue to long the EUR/USD pair with confidence and enthusiasm! The market conditions are favorable, and the potential for profits is too good to ignore. By capitalizing on this bullish trend, you can reap substantial rewards. Remember, success in forex trading often comes to those who dare to take calculated risks and stay ahead of the curve. Now is the time to be bold, embrace the positive market sentiment, and make the most of this exciting run. In conclusion, my fellow forex traders, let's celebrate this remarkable bull trend and the promising EUR/USD pair performance. It's time to take action, stay optimistic, and continue to long the EUR/USD pair with confidence. Together, we can ride this wave of success and achieve our financial goals.
Long
by bryandowningqln
2
Ellison EUR/USD Morning analysis 06/07Keep in mind we are still early into the business month and business quarter and we have had some US holidays at the beginning of the week so we haven't had much volume and volatility this week so far. But the second half of this week does seem more eventful and we should see some increase in volume and volatility up until the end of the week in my opinion. From a macro fundamental perspective central bank monetary policy has been the main driving factor and what we have been taking advantage of for the dollar. It still remains on the bullish side as FEDs look to keep rates up in a restrictive stance and follow their methodology of rates up higher for longer to ensure inflation reaches their goal of 2% and maintains that goal of 2% for a significant period of time. Potential to start to see some dollar strength and sells on EUR/USD. If we see rejections from prices 1.087 or 1.089, I will be looking for sell entries. I can only see buys if we break above and hold 1.093.
Short
by EllisonCapital
1
EurUsd -> Faking Everybody OutHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd 💪 The monthly timeframe on EurUsd is pretty clear with EurUsd currently retesting massive previous support which is now turned resistance at the psychological $1.1 level. With weekly market structure being bullish though, threre is no overall confluence at the moment so following the overall longer term picture I do expect a move lower now. And it seems like EurUsd is finally breaking daily support towards the downside - I am then just waiting for a clean retest and bearish confirmation before I then do expect a daily move lower. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
Short
by basictradingtv
56
Ellison EUR/USD Morning analysis 05/07Yesterday was the fourth of July and a US bank holiday, which explains the abysmal volume during the New York session. Hopefully, we get some more convincing price movement in the second half of the week. My sentiment is the same as yesterday, staying out of this range we are in on the 1 hour timeframe and waiting for a break above before taking buy entries. I honestly advise staying out until this pair gives us some indication of what direction it wants to go in. On the higher timeframe, the price is still holding bullish so that's all I'll be looking for. If you're looking for more risky buys at this range low, you could look for a change in structure to signify the start of the upwards trend. See like below:
Long
by EllisonCapital
Ellison EUR/USD Morning analysis 04/07I took a long weekend off to relax with my highlight being a horse ride on the beach, but now I'm back and ready to trade. And quite glad about the break too because the price action at the end of last week and yesterday looked terrible. First things first, as we are starting out the new business month and quarter it's good to identify the new important price points of interest and liquidity zones alongside the fundamental sentiment that is holding the most weight. On the weekly chart, we see the price has been choppy but still maintains a bullish structure and is reacting quite well to weekly supports and resistances created. It gives us insight into potential areas to look for higher probability buys and sells. All while maintaining strength in the Euro over the Dollar. I'm personally looking for more buys. But, I would only be entering above the 1.093 price point of interest. As price has been struggling to break this resistance even with all the bad US data that has been released. This ranging price action is probably due to last week being the end of the month and the end of Q2. However, if at the start of this month/quarter EUR/USD wants to create a larger pullback, which won't be out of the ordinary, I will adapt my analysis.
Long
by EllisonCapital