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Eurusddaily

Ellison EUR/USD Morning analysis 15/06Yesterday we maintained bullish structure all day until we saw rejections with the release of FOMC, even though the news was expected and already priced in by the market. Today we have the ECB's rate decision and the US jobless claims data at quite similar times. I will personally avoid making any trades until both of these events have passed and the market has settled. I would only be looking for any further buys above 1.087. Otherwise, my general consensus is now sells. If we fail to break the current high and start to turn more bearish, then i believe the current bullish pullback on the overall bearish trend may be over. Fundamental analysis: FOMC recap -Predicted a no rate change which was already priced in by the market. -Copy and paste of the previous two FOMC statements too -No new or exciting comments made by Jerome Powell in his speech. -With interest rates now becoming less important for medium term, focus is now on data reports for the potential improvement of the economy. Thoughts: We predicted that the Fed meetings may be more dull and back to 'normal conditions' as the FED have already front loaded interest rate hikes. (This has been the most aggressive rate hike cycle in history and we as traders got to be a part of it). They can now take a slower meeting by meeting approach. This means they can watch data and make decisions over two to three meetings rather than the pressure of having to act over one month. With inflation trending down and labour market data tight, the FED can take their time with decisions. Remember central banks want market stability, to keep volatility down and give minimal signals as they hold a lot of market influence. The covid money pumping phase and the 2022 rate hike cylce were both unique central bank events related to these crisis and combatting inflation. DXY is still holding around 103 as markets expect higher US interest rates for longer than before.
Short
by EllisonCapital
2
EURUSD: Fall or rise focus here This is its 1h chart. It can be clearly seen that it has gone through a downward trend channel in the early stage. It has recently stepped out of this channel and built a small bottom. It is currently testing the first resistance and whether it can convert the resistance to support. is the most important thing right now. To judge it, in addition to analyzing its own trend, we also need to analyze it in combination with the trend of DXY. In EURUSD's 1h chart, it is currently stepping back to MA30, but the overall pattern is still more advantageous for bears. The lower MA60 is near 1.070, and the support here will be relatively more effective. In the 1h chart of DXY, MA30 has just been broken, and MA60 is near 103.8. If it cannot break through by then, it will fall back again, confirming the support of MA20. On the 1D chart, the strong support of DXY is around 102.4, and the resistance is 103.85. If it breaks through, the top can reach around 105.6. It can be inferred that EURUSD will still be under pressure at 1.088 with a high probability. Of course, to reach 1.088, the process of turning the current resistance into support must first be completed. In the near future, focus on the support around 1.073-1.069. Resistance near 1.08-1.09. If it falls below the support, there is a certain probability that the bottom will be around 1.048 (DXY105.6)
Short
by EagleEyeStrategy
EurUsd -> Reversal CompletedHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that EurUsd just recently perfectly retested and is now rejecting a quite strong bullish trendline exactly at the $1.07 level. You can also see that weekly market structure and moving averages are bullish, EurUsd also just once again retested support at the $1.065 level so from a weekly perspective I simply do expect more continuation towards the upside from here. On the daily timeframe you can see that last week's analysis which is linked below perfectly played out and I am now just waiting for a retest of the neckline of the double bottom at the $1.077 level before I then do expect another impulse towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
27
Ellison EUR/USD Morning analysis 14/06With the news today, I'm expecting EUR/USD to be indecisive but continue its bullishness until the news. Right now we are still holding pullback structure on the higher timeframe and even though price was choppy yesterday we still saw buyers printing intraday highs. I would be looking for buys at the same price sensitivity areas at a pullback of 1.076 or above 1.079. But then I would anticipate resistance at the liquidity zone above towards the end of the day as it may just be price set ups for the FOMC news later in the day. Fundamental analysis SHORT VERSION: - Markets have been expecting a skip/pause on rate hikes for June meeting - Unchanged rates will not hold much weight as it has already been priced into market - Main focus of this FOMC is if there is a surprise rate hike or a strong sentiment in Powell's speech afterwards. LONGER VERSION: I wrote yesterday about the weight US rate decisions have been having on the markets ever since the pandemic. What we have been seeing over the last 3-6 months is a lot of the rate hike cycles being priced into the market and also a lot of speculation about when rate hike cuts will come back into the scene. The main expectation for today is for the FED to pause or skip the month of June, leaving interest rates unchanged. This has already been priced in and won't lead to a move if it happens. This means we may see more of a buy the rumour and sell the news type play on Dollar and see a reaction to a surprise rate hike or rate cut (with a cut being highly unlikely). More importantly, I'm going to listen to the sentiment of Powell's statement he releases afterwards.
Long
by EllisonCapital
Ellison EUR/USD Morning analysis 13/06With key news being released today that will ultimately decide the direction of Dollar pairs, I will be sitting and watching until it is released. That being said, Yesterdays buy predictions have come along nicely overnight but not in my trading session, unfortunately. My main bias is undecided today, with buys above the current range at 1.079 or sells below 1.073. FUNDAMENTAL ANALYSIS: We had a relatively slow and steady Monday and start to the week due to markets being more focused on the US inflation data today and the upcoming federal reserve and ECB interest rate decisions this week. We understand how much central banking monetary policy has had an effect on the market, whether it was through the stimulus phase through lockdowns or of course changing their policy stance to combat rising inflation, thus we should expect that there is a large weight on its outcome. HOW THIS AFFECTS EUR/USD: We are currently in secondary phases of market structure in Dollar pairs, seeing consolidations and pullbacks on the higher timeframe. The first catalyst directly on EUR/USD is going to be US CPI today. Now the expected inflation is already forecasting generous data, with inflation expected to drop from 4.9% to 4.1%. If we can meet these optimistic expectations then the market may start to price in a potential pivot in the interest rate hiking cycle. This would result in Dollar weakness and EUR/USD STRENGTH However, if inflation is still elevated. It shows the Fed has more work to do to recover the economy, with focus on a potential 25 base point interest hike later this week. Leading to Dollar bullishness and EUR/USD WEAKNESS I understand if this may be a slightly long read for your morning, but the lesson is an important one and in my opinion, should be the only focus of traders this week. Well done if you got through it.
by EllisonCapital
Ellison EUR/USD Morning analysis 12/06Continuing on from last week I am maintaining the forecast of buys from 1.076 and 1.079, expecting the temporary pullback phase on EU to continue a little higher. With sells expected at 1.084 or below 1.07. The theme of last week was watching Dollar start to show some exhaustion at key price sensitivity area of 104.5. On the higher timeframe, the DXY is on a more bullish bias, but secondary phase pullbacks/corrections are not out of the ordinary. We already had a very nice bullish rally on DXY from 101 price to break above a 30-day range and print higher highs on the intraday and extending 3.5% to 104.5. Last week US economic data was not as optimistic as expected, showing signs of a weakening US economy and feeling the pressure of a higher interest rate environment, coupled with macro inflation being elevated too. This all translates to a temporary pullback structure on the EUR/USD pair. Notable news this week: Tuesday - US CPI Wednesday - US PPI, FOMC interest rate decision Thursday - ECB interest rate decision, US jobless claims
Long
by EllisonCapital
EUR/USD Morning analysis 09/06US jobless claims data come out poor, the dollar gives us a pullback from a key price point at around 104.5 and has started to print a new intraday low in its pullback structure. This has correlated with the bad data, having EUR/USD close at the end of yesterday back above 1.076 and the dollar digging below the price sensitivity area at 103.4. No significant news for the remainder of the week. Looking for continuations of this dollar weakness sentiment. Buys at 1.076 or on a break above 1.079. Can't see any sells unless the price drops below 1.07.
Long
by EllisonCapital
1
EURUSD: Anticipating Non-farm!EUR/USD advances toward 1.0750 amid US debt deal optimism Fundamental technical analysis: The Relative Strength Index (RSI) continues to be present in the middle. The average price is still declining, with the 34 EMA and 89 EMA staying steady, creating a consistent downtrend over a period of time. Additionally, the flag pattern has begun to take shape. Market overview: On Friday, EUR/USD started to rise after a four-day decline that resulted in the pair reaching its lowest level in over two months near 1.0700. The near-term technical outlook does not yet show a bullish inclination in the short term, and the next directional move may be influenced by the Personal Consumption Expenditures (PCE) Price Index data from the US later in the day. The US Dollar (USD) was boosted on Thursday by positive macroeconomic data releases from the US, which revived expectations for one more Federal Reserve (Fed) rate increase in June. The US Bureau of Economic Analysis revised the first-quarter annualized Gross Domestic Product growth to 1.3% from 1.15 in the initial estimate, and the weekly Initial Jobless Claims came in below the market expectation of 245,000 at 229,000.
Short
by Sphyn-Trader
7
EURUSD Trading Idea as per Demand and Supply ZoneAs per the perilous trading setup was found on the 4 Hours time frame. Euro is now at very important level 1.073 to 1.075 in case the US Dollar Index will bearish then and will touch the 103.50 to 103 Zone then the EURUSD will gain the strength and moved upward to 1.08 to 1.09 major level. But as per the dollar index last movements and trend changed from bearish to bullish and moved from 99 to 104 then the EURUSD will touch their lower low (Demand Zone) of 1.05, so keep in mind that the trades will be open after the major key level breakout of 1.075 in case of bullish while 1.070 in bearish then open Sell trade with 40 to 50 pips Stop Loss and the take profit should be 100 to 150 pips.
Long
by Bloom_Forex_Official
Fundamental & Technical Outlook of the GOLD:Gold had a turbulent intraday rally, but the US market unexpectedly ramped up its losses and fell instantly below the support level at the 1960 mark below. A new low was fetched around 1939. Although there was a large extent of a rebound in the short term, the high resisted briefly with the 1955–1958 mark. Although the market sentiment is primarily responsible for today's market volatility, which is similar to Monday's decline, this sort of direct market penetration is also temporarily consistent with the bearish expectation of the general trend of gold. However, we also must be careful because market sentiment may change again.
TVC:GOLD
by mt5fotum
1
EURUSD 1.08054 +0.33% LONG IDEA 🐮📈💡HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at EUR/USD IN THE COMING WEEK 1. Looking for some correction to the buy side before continuation down. 2. Mitigating the -FVG above. 3. Before some cont. with the bulls. 4. Looking at that unfilled FVG as a possible entry with the BULLS. 5. TARGET would be the the BSL & THE DAILY -OB. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
EURUSD is at the support of this trendline on Daily TFThe EURUSD currency pair is currently testing a support level formed by a trendline on the Daily Time Frame (TF). As a result, I am adopting a neutral stance on this trade until a clear direction emerges in the market. There are two potential scenarios to consider: Firstly, there is a possibility that the market will break below the trendline, indicating a continuation of the downward move towards the next significant keyzone. Alternatively, the price may reverse from the current support level and resume its upward movement. Given these possibilities, it is crucial to monitor the market closely to determine the actual path it will take. What do you think?
by Popeson
EURUSD: Buy EURUSD is currently in a relatively obvious downward channel. Today, the lowest fell to around 1.094. This is also the starting point of the last rise. There was support. It rebounded to around 1.098 and then fell back. From the trend point of view, it has not yet stepped out of the downward channel, but here A pattern similar to a double bottom appears. If it can get support around 1.096, it will try the resistance around 1.098 again. The probability of breaking through is relatively high. The upper target is around 1.10, so my trading signal is to go long. Trading Signals: buy: 1.096-1.095 tp: 1.099 sl: 1.094 sell: 1.101-1.103 tp:1..099 sl:1.103 Traders, I hope my signals can bring you profits, if you like my views, please support me and follow me!
Long
by Roey_
2
EurUsd -> Top Formation And BreakdownHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that EurUsd is currently retesting and already rejecting a quite obvious previous weekly support/resistance zone exactly at the $1.11 level. You can also see that weekly market structure and moving averages are still quite bullish; we have another support zone coming in at the $1.08 level which could definitely send prices higher so I am now just waiting for a retest of the support and then I do expect a next rally towards the upside. On the daily timeframe you can see that with today's candle, EurUsd is actually breaking below a key uptrend trendline and EurUsd also formed a triple top at the $1.106 level, showing some bearish pressure so from a daily perspective I am now just waiting for a break below the next support zone and then I do expect a short term move towards the downside to then retest the $1.08 support level. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Short
by basictradingtv
37