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Eurusdforecast

EURUSD| Whey So Many Trading Scenarios?EURUSD| Whey So Many Trading Scenarios? Today we have to see many scenarios in EURUSD. It's a bit of a confusing situation because we have the FOMC in three days. However, this is not the whole problem. EURUSD is again close to the Parity price level and this is a critical point for the EURO. As long as the price is testing 1.000 several times, we may see further declines and this will not be good for the EURO. The bearish move will also be supported by the strong downtrend and FOMC expectations as well. On the other hand, the market expects the FOMC to hike by 0.75% or 75 bps the interest rate, considering that the CPI numbers were reported higher than expected. So we just have to wait and see what the Fed will decide to do. Does the FED want to have a strong dollar in the coming months? In my opinion, it is better not to trade EURUSD at all given the mess this chart is already showing. Too many scenarios are not a good idea to trade the market even with a solid plan. However, this is just my opinion. Thanks and good luck!
by KlejdiCuni
14
Will EURUSD Rally or Drop?Talking points EURUSD may face range-bound conditions ahead of the Fed rate decision as market participants wait for the fresh forecast from Fed officials. The price bullish closed in the bearish half a bat pattern after failing to trigger a bearish signal. According to IG, 60% of trader are net short. Fundamental Forecast EURUSD is in a consolidation that's clearing the opening range for September as it holds above the yearly low (0.9864). This pair has been falling as the economic growth outlook for the eurozone continues to deteriorate in the face of the Russian gas shutdown. Inflation has been rising across the region, while the European Central Bank has been slow off the mark to raise rates. Meanwhile, the US Federal Reserve has been raising interest rates quicker and more aggressively. Therefore, the direction of the euro could depend on whether the gap between economic growth and interest rates in the US and Europe continues to widen. Technical Forecast The last price closed in the bearish half a bat patterns 1st level after bouncing off the 2nd Daily Key Lvl to closing in between the short-term moving averages. If you look closely, you'll see a small bullish half a bat pattern (right on the left) that has its neckline form part of the Mini Daily Neckline 2. That is the first signal key level that will produce a bullish uptrend to the Daily Half a Bat Neckline 2 and 50 moving average after the price has bullish broke and retested it right away or after forming another bullish reversal pattern. When the price reaches the key levels and bullish breaks and retests them, that will trigger a signal that will fully confirm the monthly counter-trend. On the other hand, if the price bearish breaks and closes/retests below the 2nd Daily Key Lvl, we'll see a small bearish head and shoulder pattern forming in the main bearish half a bat pattern. The mini head and shoulder pattern will be confirm the half a bat pattern bearish signal and upcoming 2 level trend that will likely end on the monthly's target. Those are three possible scenarios that can lead to a rally or drop Food For Thought A crucial step to take in your journey to becoming a professional trader is discovering your beliefs about the market so that your system will fit those beliefs. You must know yourself well enough to develop your personal objectives and a system that fits those objectives. And you must work on your system until you are comfortable trading it. You must know your criteria for comfort. Most people have many biases against doing it well. To overcome those biases, most people need to take some steps in their personal development. That's it for today, I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts! Stay Blessed, Sphatrades. _______________ Be warned This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap.
by Doji-2k1
EURUSD | Perspective for the new week | Follow-up detailsLooking at this pair from a long-term perspective, it is easy to say that the sellers are very strong but we can not give up on the bullish potential opportunity that might be evolving after witnessing the multiple rejections of the $0.99 area in the last 3 weeks to project a certain level of strength from the bulls to resist selling pressure from this zone. So, this video illustrates in detail how I intend to trade this pair in the coming week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1
EurUsd- Best place to sell and join the strong bear moveA few days ago I've written that, in order to a deeper correction to 1.03 horizontal important resistance, EurUsd needs to maintain 1.01 intact. The CPI data shattered this level of support and the single currency dropped again under parity. After a local low at 0.9950, EurUsd is still struggling to regain this important figure, but, in my opinion, will fail. That being said, a spike above parity should be considered a good opportunity to join the bears and the resistance band is between 1.0050 and 1.01. Also, a sell around this zone can have a strong R: R of 1:3 considering a stop loss above the recent high and a take profit of 0.97. Best Regards! Mihai Iacob
Short
by Mihai_Iacob
23
NEWS NEWS NEWS! EURUSD Headed NORTH Finally!Narrative: News News and More News will cause for a very Unpredictable ride in this 7 Trillion $ space known as FOREX. Nevertheless we ride all waves: the trends as well as CONSOLIDATION. Why? When you trade with the Bias aka Trend; after the dust settles; you'll always be on the RIGHT side of Hi$TORY. The 13th News driven DUMP was nothing short but AMAZING! Those Long candles created on New$ days create Great opportunities to catch the RETURN TRIP for the Premium Price as well. Yesterday the 14th we experienced delays on the 1st Class Trip North due to heavy NEWS. Price stalled and had to return due to weather aka NEWS:) Nevertheless we know when HUGE Imbalances are created they normally are retraced 45-50% minimum if not MORE. The DXY 4hr is Cleaning up the swings and headed to fill that huge imbalance it left on the 13th as well. We use the DXY as our #1 Indicator because it is the Ying to EUR's YANG. Add all of those Real Time Confluences together and you have a very High Probability Trade with Low risk as you can see indicated in this Beautiful Chart. As always Never Over Leverage. Trust your trade set up. Especially on trades that you stand to profit MAJOR PIPS. The algorithm's job is to STOP HUNT to make the narrative interesting. Most importantly HAVE FUN. What other space you know where you can make as much $ as you want every day? I AM Pro-Trading Made Simple. Master Jedi & Sensi of #SniperGang EVERYBODY EAT$
by Master-Jedi-Trader
EUR/USD looks weak, may drop to 0.99 againAs predicted in my last week's idea, EUR/USD went up almost 300 pips from the 0.99 support level. However, the rally fizzled out rather quickly. At the moment, the price action looks weak and it seems like the institutional buyers are not stepping in yet. So, it seems like the price will drop to 0.99 again. I will be staying away from buying it at the moment. If the price drops to 0.99 or lower, I might consider a small counter-trend buy trade. However, it has to be noted that EUR/USD is plagued by a number of fundamental issues that is weighing down on the Euro.
by YourLazyTrader
22
EURUSD | Will the Fed Increase Interest Rates By 75 bps? EURUSD | Will the Fed Increase Interest Rates By 75 bps? In my opinion, speculation about the FOMC is getting too high. Everyone is only focused on CPI data and FOMC data. No one cares about other countries at all and that is not good at all. The problem is that the market is just speculating and not sensitive to numbers at all. What I expect is that we may see the FOMC make a normal decision as expected 75 bps but also 50 bps is normal. Afterward, the same news providers will say 50 bps to 75 bps were expected and the EURUSD will rise again.... Another option is that the FED may raise interest rates only by 50 bps as they may not want to show all weapons at once as they may not have anything to use for the next few months after that. It is also discussed that the FED will not hold these rates for long.... so it gets more complicated PS: I am more bullish than bearish on EURUSD at this moment considering that ECB is taking further steps to support the Eurozone. Both scenarios are possible from the technical perspective...just positioned yourself where do you feel more comfortable... also not trading at all is another good option :) Thank you and Good Luck!
Long
by KlejdiCuni
16
EURUSD forecast Update 🧐Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision. ------------------------------ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
1
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - According to the analysis we gave the previous day, the EURUSD DOWN SIDE WAVE has gone down about 140 ++ PIPS. We hope you get it anyway. As we have given it, the UPSIDE WAVE is moving. - Currently the MARKET SENTIMENT for EUR is slightly UP SIDE. The main reason for that is that all MARKETS including STOCKS and STOCKS are slightly UP due to MARKET RISK being ON. And due to the ECB RATE HIKE SENTIMENT, EUR is being BUYED. It will greatly affect the US dollar to weaken it. - Definitely, according to the market structure, EURUSD can go down to the support level below. Currently there is a good UP SIDE BIAS in the MARKET for EUR. Accordingly, EURUSD can go down to 1.0048 LEVEL. And after that EURUSD can be BUY to the 1.0340 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it.
by benny_marshall