Eurusdidea
DeGRAM | EURUSD range breaking EURUSD broke and closed below the support, which became resistance.
The market is pulling back to the resistance zone.
We expect a down move if price rejects it.
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EURUSD sell on the breakdown!!EURUSD has formed a strong downtrending market structure. After a liquidity grab from the top, we have seen EURUSD has broken down from the weekly resistance. Currently, the price has formed a head & shoulder on the 4H timeframe with strong rejection from the top. There is a high probability that EURUSD will continue to drop to 1.00599, the daily order block zone.
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DeGRAM | EURUSD in consolidation EURUSD is consolidating after a sell off.
The market created a box around the resistance zone.
Price action usually pauses before breaking out and going further down.
We expect a down move.
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EURUSDI was supposed to present this analysis 6 hours ago, but my trading view limited me.
The price break of the trend, and according to my analysis, the price can be corrected, then we will see a good opportunity to buy.
Caution today has important news for both GBP&EUR so observe the money management and the stop loss, to know about them, follow me and wait for the update.
EUR/USD analysis: Euro to fall below parity on EU gas crisis?Europe's wholesale natural gas price (Dutch Title Transfer Facility TTF ) rose to levels not seen since the aftermath of Russia's invasion of Ukraine, bolstered by a mixture of continuing supply disruptions from Russia and soaring demand for power generation in the midst of persistent heatwaves across Europe.
Gazprom ( GAZP ) announced that European gas prices could increase by 60% this winter, as the company's exports and production continue to fall as a result of Western sanctions.
From a macro standpoint, the European gas crisis is wreaking havoc on the economy of the Eurozone and this effect has already been quite visible on the EUR/USD trend in 2022. European and American natural gas price differentials have been widening to their all-time highs, and the EUR/USD currency pair is just 1.7% far from hitting parity again.
EUR/USD fundamental analysis: EU/US gas price spread plays a key role
According to the most recent NYMEX/CME Group data, US Henry Hub spot prices are currently trading at a $57/MMbtu discount ( THD ) relative to Europe's Dutch TTF benchmark as of mid-August 2022.
The link between EUR/USD and Henry Hub-TTF spread has increased significantly over the course of the summer, with the rolling 90-day correlation coefficient rising to 0.82. This is basically telling us that the lower US natural gas prices trade compared to the European Dutch TFF prices, the stronger the downward pressure on the EUR/USD pair.
Along with the economic growth and interest rate disparities between the two regions, the more severe natural gas crisis that Europe is experiencing compared to the United States is now a key macro factor affecting the EUR/USD exchange rate.
EUR/USD forecasts: The pair could fall below parity if EU/US gas spread widens further
If the European gas crisis worsens in the coming months, the price differential between EU Dutch TTF and US Henry Hub natural gas could widen further, which would likely cause the EUR/USD pair to break decisively below the parity threshold.
A de-escalation in the Russia-Ukraine conflict, coupled with a decline in the price of Dutch TTF gas, will be a key factor in preventing a further depreciation of the single currency. However, this second scenario appears much less likely.
Idea written by Piero Cingari, forex and commodity analyst at Capital.com
EUR/USD Give Us 60 Pips 0Drawdown In 10 Hours, Important UpdateThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Eurusd looking longHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:EURUSD
We can see a market break its strong support in D1.
So we are expecting a strong rise near support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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DeGRAM | EURUSD range breaking EURUSD broke out of the ascending channel .
Price action is currently in no man's land.
Since on the 4H timeframe the market is bearish , we are considering selling if price pushes back to the resistance zone.
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DeGRAM | EURUSD channelingEURSUD is moving in an ascending channel.
IF price action tests the support level at the lower border of the channel, then we will look for a buying opportunity.
The market might be in a consolidating zone again.
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EURUSD ForcastMidterm forecast:
While the price is above the above 1.026 , an uptrend is expected.
If Monday market goes above the 1.026 market with powerful candle then most likely our next target will be around 1.038, but if the price breaks down and goes below 1.02 then expect price to go below 1.00 mark.
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EURUSD Sell to 0.98EURUSD now retesting key level at 1.04. Additionally, it lines up as a 61.8% retracement from previous swing high and swing low.
It's currently rejecting with a double top forming on the H4. Daily closed with a bearish engulfing as well.
To enter a short position, H4 has to start forming bearish market structure for more confidence.
Fundamentals:
EUR: Facing energy crisis heading into winter, political instability
USD: CB is still very hawkish for the rest of the year
*More fundamentals on weekly commentary paper
What do you think? What's your EURUSD forecast?
DeGRAM | EURUSD at major resistanceEURUSD hit a major resistance zone. Look left, the structure leaves clues.
Price action has formed a double top and it could not make a new high.
Since on the 4H timeframe the market is bearish, we are considering selling on the 3 test of the level.
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