Eurusdlong
Expectations for the EUR/USD Market from May 16, 2024, to July 2Expectations for the EUR/USD Market from May 16, 2024, to July 26, 2024
May 16, 2024:
The EUR/USD pair is expected to start at 1.08966.
May to July 2024:
The market is anticipated to experience a decline, reaching 1.05101 by July 26, 2024.
Stay updated with our forecasts to navigate the EUR/USD market effectively.
Keywords: EUR/USD forecast, EUR/USD trends, euro to dollar prediction, EUR/USD analysis, forex market outlook, EUR/USD decline, forex trading, EUR/USD May to July 2024, currency market analysis, EUR/USD predictions July 2024.
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EURUSD BULLISH WAIT FOR PRICE TO COME IN MY AREA OF INTEREST!
WILL MONITOR THE PRICE ACTION FOR WEAKNESS AND REJECTION TO THE UPSIDE.
WILL ENTER ON CONFIRMATIONS AS PER THE STRATEGY!
Look for Confirmations on lower timeframe to mark your ENTRY.
Use proper RR ! Dont Risk More Than U Can Afford To Lose!
Our reliable Forex Analysis will provide you with Knowledge of market movements & when to buy and sell the major currency pairs. If you’re looking for daily signals, we recommend that you peruse our trading view channel for a look at some of the best professional charts and updates
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TalhaJin
PATIENCE IS THE KEY TO SUCCESS!
NEW IDEA FOR EURUSD The possibility of an increase in the euro due to uncertainty about the interest rate cut after June
Examining the trend in the one-hour time frame, EUR/USD is fluctuating in a corner pattern, and provided a one-hour close candle time is registered above the resistance range of 1.0882-1.0877, the rate can reach the Fibo resistance of 161.8% in the number $1.0932 increase.
💡 EURUSD: Analysis May 21EURUSD continues to accumulate in front of the 1.0900 resistance level, the price created a new bearish pin bar pattern on daily however this pattern is quite weak and not a concern. Combined with previous bullish signals, including breaking the down channel, the longer the price accumulates around this resistance level will increase the chance of breaking out above, you continue the buy-up strategy, two scenarios. The potential version is when the price corrects to 1.08xx while creating a bullish signal, or when the price clearly breaks the 1.0900 level.
💡 H1 trend: sideways
Today trading idea: Buy EURUSD
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EURUSD: EURUSD analysis todayRecent information confirmed that US client charges fell in April, main to marketplace expectancies of a 50 foundation factor hobby fee reduce this year. However, warning from diverse Fed officers has tempered those expectancies, with buyers now predicting round forty six foundation factors of easing, merely factoring in fee cuts for November.
In early buying and selling on Monday, the euro rose barely to $1.087525, drawing close a almost two-month excessive of $1.0895 reached final week. The greenback index, a gauge towards six important currencies, confirmed little change, status at 104.forty six.
EURUSD Weekly PlanMy bias for this week is bearish on EURUSD. I think there are high chances we will go down at least till the support zone at 1.07650. I will look for sell only, starting from tomorrow. Looking at lower timeframe, we can see that the main structure is broken and we can assist to a change of the trend starting probably tomorrow at London's open.
EURUSD analysis week 21📌After strong gains on Wednesday, EUR/USD struggled to maintain upward momentum and closed slightly lower on Thursday. The pair rebounded on Thursday with USD weakness following the news. Unemployment claims announced. Up to now this pair has remained relatively calm, holding around the 1.0870 level.
📌The ECB is weighing the extent of interest rate cuts after the initial cut planned for next month. While inflation is gradually decreasing toward the 2% target, much uncertainty remains. Officials are particularly focused on wage growth, which remains rapid, as well as geopolitical threats such as tensions in the Middle East.
📌The RSI fell on Thursday but remained steady above 60, suggesting the recent pullback may have been a technical correction rather than a trend reversal.
📌EUR/USD still maintains a short-term uptrend. The pair has dropped below 1.0860, but is currently trading well above the 34.89 EMA on the 1H chart at 1.0802. Besides, the recent bullish momentum has brought EUR/USD back above the 34.89 EMA on the daily chart at 1.0799. Compared to recent lows around 1.0600.EUR/USD is currently aiming for the March peak of 1.0980. This is considered an important resistance level. If buyers want to push EUR/USD back up to the psychological level of 1.1000, they will have to overcome this barrier.
Trading signals
SELL zone 1,093-1,095 SL 1,097
BUY zone 1,081-1,079 SL 1,076
EURUSD BUY | Idea Trading AnalysisEURUSD is moving in an ascending channel.
The chart broke through the dynamic resistance, which now acts as support.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
EURUSD BUYWeekly:
1. Direction:
Bullish
2. Reasons:
1. Price disrespected the FVG
2. massive displacement to the upside
3. Price is moving from IRL to ERL
4. Price reacted of weekly FVG (2)
Daily:
1. Direction:
Bullish
2. Reasons:
1. Price is respecting the daily FVG
2. Good displacement to the upside
3. Price took a daily swing high
4. Price is moving towards major swing highs
4H:
1. Direction:
Bullish
2. Reasons:
1. Good displacement to the upside
2. Price created FVG
3. Price might react from FVG
4. Wait for 15M MMBM
Euro's Path Ahead: Short-Term Struggles, Long-Term Triumphs**Current Momentum and Market Sentiment:**
The EUR/USD pair is currently experiencing a challenging period, struggling to maintain bullish momentum. Despite a significant rally in recent months, the pair has recently faced resistance and corrective movements. The European Central Bank's (ECB) actions, including recent interest rate hikes and upward revisions to inflation forecasts, have supported the Euro, but market skepticism remains due to varying global economic conditions and the Federal Reserve's cautious stance on future rate hikes.
**Technical Analysis and Key Levels:**
The Euro is trading above its 20-year cycle support line, a critical historical level that previously led to a five-year rally after being broken in January 2003. The current price action, characterized by consistent volume buildup, suggests underlying strength. However, the momentum observed from January 2017 to late 2021 has been less stable, influenced heavily by the COVID-19 pandemic and subsequent economic measures.
For the short term, the EUR/USD is anticipated to continue facing volatility. The immediate resistance is noted around 1.1050, with support around 1.0800. A potential target by the end of 2024 is 1.169941, assuming stabilization in interest rates and continued economic recover.
### Long-Term Forecast (Next 2-5 Years)
**Macroeconomic Factors:**
Long-term prospects for the Euro will largely depend on several macroeconomic factors, including the ECB's monetary policy, inflation trends, and economic growth in the Eurozone. The structural reforms and fiscal policies adopted by member countries will also play a crucial role in shaping the currency's trajectory.
**Historical Context and Future Projections:**
Reflecting on the historical context, the Euro's previous rally post-2003 lasted five years until the 2008 financial crisis. Given the current economic landscape, a similar prolonged uptrend could emerge if global economic conditions stabilize and Eurozone economies demonstrate robust growth.
Over the next 2-5 years, the Euro might target higher levels, potentially reaching or exceeding the 1.2000 mark, driven by economic resilience and a balanced approach to monetary tightening by the ECB. However, this projection is contingent on the absence of significant geopolitical disruptions and a steady recovery from the pandemic-induced economic downturn.
### Conclusion
In summary, while the Euro shows potential for both short-term gains and long-term growth, it remains subject to market volatility and economic uncertainties. Investors should closely monitor ECB policies, global economic indicators, and geopolitical developments to make informed decisions. The anticipated stabilization of interest rates by the end of the year provides a cautiously optimistic outlook for the Euro, aiming for a target of 1.169941 by year-end and further growth in the following years.
A must-read for trading foreign exchange.EURUSD or GBPUSD
The U.S. dollar has also seen a sharp correction during this period, which I believe many traders have seen. The market has also put relatively much pressure on the US dollar. At the same time, it serves as the most valuable storage currency. There was also a sharp decline under the influence of geopolitical sentiment.
TVC:DXY
But I don't think the dollar will fall significantly in the short term. After all, the market needs to be repaired, and it will take time. It may be necessary to rely on larger news when it falls again. The U.S. dollar index is currently in the process of gradual recovery. I said at the weekend that the index is expected to maintain a range of 105-105.5 this week. At present, the market is in line with my expectations. If you are a friend who likes to do foreign exchange, you can consider selling other currencies by referring to the US dollar index. Priority is given to EURUSD and GBPUSD. The approximate operating space is around 500-1000 points. Pay attention to controlling risks during operation.
OANDA:GBPUSD OANDA:EURUSD
When the U.S. dollar index reached above 1050.5 and stood firm. You need to consider buying other currencies. These are some of my views on foreign exchange.
In the past, you always failed when trading alone.
But everything will change after you follow me.
Because we will be the ultimate winner!
💡 EURUSD: Analysis May 15Bar D1 increased yesterday with a wide range, had a lower shadow and closed close to the top, showing very good buying pressure during the day. More importantly, this D1 bar closed above the previous Inside bar pattern, creating an upside breakout that could be the price action that gives EURUSD D1 additional upward momentum. However, structurally, EURUSD D1 is still inclined to decrease with gradually lower price peaks and troughs.
The sweep down then pulled back up and bounced strongly upwards, creating a new high price peak to help EURUSD H1 continue the short-term upward price trend. Combined with the bullish breakout at D1 from the Inside bar, H1 EURUSD today is quite favorable for the idea of waiting to buy from the supports below.
💡 H1 trend: EURUSD up
Today's trading idea: Buy EURUSD.
💡 EURUSD: Analysis May 17EURUSD fell yesterday, bouncing down from the strong resistance above. However, the downward pressure on prices is not strong because yesterday's decrease bar D1 had a narrow amplitude and had a lower shadow, showing that there is still buying force pushing up. The D1 EURUSD chart structure is still accumulating sideways. Need a break above the current resistance for EURUSD D1 to reverse to an uptrend.
After the previous price push up, EURUSD H1 is having a pull back down. But with the dominant H1 chart structure being bullish, EURUSD H1 today can continue to wait to buy. Buying points include (1) waiting for an upward push to break the current small range and then retesting to buy, (2) being able to buy if the price drops deep to the lower support zone.
Fundamental Analysis of the US Dollar
The trend of the US dollar is as I predicted. This can be seen directly from the trend chart of the Asian market. The U.S. dollar index is currently showing an oversold rebound trend. The key thing to pay attention to is the pressure level above, which is around 105.3-105.5 to see if it can stand firm.
In trading, EURUSD and GBPUSD can be sold at a higher price first. Wait for the market to fall.
In the past, you always failed when trading alone.
But everything will change after you follow me.
Because we will be the ultimate winner!
EURUSD 1H Long Trade - 1:3 RRRSL: 1.07751
TP: 1.08800
In this trading strategy, we present a compelling opportunity for a long position on the EURUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3.
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.