Get started

Eurusdlong

EURUSD: Euro outlook next weekNext week, the ECB's monetary policy meeting will be held on Thursday, and important economic indicators from Germany will also be announced, so the euro may fluctuate significantly. This week, a number of central bank officials spoke out against overly optimistic markets about a rate cut in 2024. Next Thursday's ECB Governing Council meeting is likely to be too early for ECB President Christine Lagarde to start setting a concrete schedule for interest rates, and markets will wait until the next Governing Council meeting on May 7 for more information. would have to. Next week will see the release of the German and European PMI reports, the IFO annual report and the German Consumer Confidence Index. This data should be closely monitored as the German economy remains weak. EUR/USD broke out of a channel pattern on Tuesday and is currently trading below the 200-day SMA of 1.0850. The current support level for this pair is 1.0787, but resistance areas at 1.0950 and 1.1000 are also observed.
Long
by Chart_MasterPro
EUR/USD 1.09028 +0.05 % LONG IDEA MTF BIAS 🐮🐮🐮HELLO TRADERS Hope everyone is doing great 🛑 New week new opportunities A look at the EURUSD ahead of the new week 👌MULTI-TIMEFRAME ANALYSIS DXY DAILY * We see the 78.6 % FIB level holding in the past week. * Looking for signs of some bearish momentum for continuation with the bears. * The DXY is currently trading in PREMIUM. * Any signs of bearish momentum would Signal Bearish moves for the week that is. * Bullish momentum changes the Bias for the week & possibly signals reversals * We took internal LQ on the daily looking for some external LQ to be take. * Bullish sentiment will change should we take SSL. EURUSD DAILY TIME-FRAME * As they always say THE TREND IS YOUR FRIEND thats the basis on this unless momentum tells otherwise. * While looking for the DXY's weakness this week this IDEA might be favored. * The EURUSD is bouncing off a + FVG * Violation of this FVG might not change the bias much, looking for continuation bullish. * EURUSD 4H TIME-FRAME * 4H fvg has not seen any violation we see the 50% of the fvg holding well. * A retest is possible before continuation * But the bullish sentiment stands from the 4H View. * Targeting BSL as my draw in LQ for the week. EURUSD 1H TIME-FRAME * Looking to see a retracement into the +OB * SHIFT in momentum with the bulls. * possible continuation of the trend. * targeting BSL. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑 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
6
💡 EURUSD: Analysis January 19Indicator is used: - Chandelier Exit - EMA - MACD Re-tested the 1.09 conversion resistance zone in the last session, but the selling force returned and prevented the price from rising above this level. However, observing on a daily basis we see a spindle - credit model. Potential reversal signal. Therefore, you need to be wary of the possibility of a price reversal to the upside. You can hold short positions according to the previous breakdown signal but the SL needs to be placed above the 1.09 resistance level.
Short
by Stone_Haven
EUR/USD: Technical Analysis and ECB Policy DivergenceEUR/USD: Technical Analysis and ECB Policy Divergence The EUR/USD pair finds itself within a range, delicately poised for potential movements as it hovers around the dynamic bullish trendline near the 61.8% Fibonacci zone. Additionally, the rejection of the 200-day moving average suggests the possibility of an impending bullish impulse aligning with the prevailing trend. This article explores both the technical and fundamental factors influencing the EUR/USD and delves into the nuanced stance of the European Central Bank (ECB) policymakers. Technical Analysis: The EUR/USD's current position within a range offers traders a strategic vantage point. The rebound from the dynamic bullish trendline around the 61.8% Fibonacci zone, coupled with the rejection of the 200-day moving average, indicates potential strength in the euro. These technical signals hint at the prospect of a fresh bullish impulse, aligning with the prevailing uptrend. Fundamental Insights: The ECB's policymakers are currently at a crossroads, making it challenging for traders to ascertain the future direction of interest rates. The lack of a clear message from ECB officials has resulted in hesitation among traders. President Joachim Nagel emphasized on Monday that it is premature for the ECB to discuss cutting interest rates, citing persistent inflationary pressures. In contrast, Governing Council Member Tuomas Valimaki expressed openness to considering rate cuts sooner than some of his colleagues. ECB President Christine Lagarde added an additional layer of complexity by neither confirming nor denying expectations for cumulative rate cuts exceeding 150 basis points this year. Lagarde, while acknowledging the Eurozone's rising inflation, cautioned against premature optimism in the markets, citing the 2.9% year-on-year inflation rate in December. Position Outlook: Despite the policy divergence within the ECB, our position on the EUR/USD pair remains bullish. The technical signals, including the rebound from the bullish trendline and rejection of the 200-day moving average, align with our optimistic outlook. Traders should continue to monitor both technical and fundamental factors closely, navigating the intricacies of the forex market with a nuanced approach to risk management. As the EUR/USD pair continues its journey within the range, staying informed about both technical patterns and central bank policies is crucial. Our bullish stance is rooted in the technical signals, but traders are advised to stay vigilant in response to evolving market conditions and policy developments. Our preference Long positions above 1.07700 with targets at 1.10170 & 1.1140 in extension.
Long
by FOREXN1
5
💡 EURUSD: Analysis January 17EURUSD has fallen to the support zone around 1.0850. If the price forms and gives us a signal to buy up in this zone, we can consider trading. If you trade this frame, please note that you can wait for the price to break the most recent peak of the H4 frame and then look for a buyback price according to the previous price increase, so you will have a much higher probability of winning. . In general, with this currency pair, please pay attention to the current support price area around 1.0850. If there is a signal of a price decrease, you can consider trading. Also note that we have a small resistance level around the round number 1.0900. If you are trading in the low frame and see the price approaching this area and forming a nice bearish signal, you can consider it. Can you please sell soup from this area?
Long
by Stone_Haven
Retail Data Shaping EUR/USD Fundamental Analysis: 1. US Retail Sales Increase: Recent data shows a 0.6% increase in retail sales in December, marking the strongest pace in three months. This indicates a solid holiday season and a resilient consumer attitude in the US, which could be a positive indicator for the US dollar (USD). 2. Consumer Resilience and Economic Outlook: Despite predictions of a recession, household spending has been surprisingly strong over the past year. However, this momentum is expected to slow down in 2024 due to persistent inflation, high borrowing costs, and diminishing savings. This could limit the strengthening of the USD. 3. Market Reaction: The immediate market response to the data was a drop in US Treasuries and stocks, suggesting a scaling back of expectations for Federal Reserve rate cuts. This generally would favor the dollar. 4. State of the US Economy: Manufacturing output showed minimal growth, indicating weakness in that sector. Technical Analysis: 1. Monthly Time Frame: EUR/USD has rejected a key resistance, suggesting a possible bearish reversal. 2. Weekly Time Frame: The pair is in an upward trend and is at a significant support, which could indicate a bounce. 3. Daily Time Frame: There is an overextension of the price, suggesting a bearish correction towards 1.0800 4. 4-Hour Time Frame: A shift towards an upward trend is observed, confirming the possibility of a correction. Conclusion and Strategy: - Short-Term Outlook: The current strength of the dollar, supported by solid retail sales, could keep EUR/USD under pressure. However, the overextension and upward trend in shorter time frames suggest an imminent correction. - Medium-Term Outlook: The expectation of an economic slowdown in the US in 2024 and potential weakness in the manufacturing sector could limit the long-term strengthening of the dollar.
Long
by Wiiso
1
EUR/USD Seeks Support After Dip Below 1.0900EUR/USD Seeks Support After Dip Below 1.0900: Technical Analysis and Market Dynamics In European trading on Wednesday, EUR/USD is on a recovery path after dipping below the 1.0900 level, finding support in the 1.0860 area. The Euro is in search of a stable footing, aiming for a potential pullback. Technical Analysis: A closer look at the technical analysis reveals a notable rebound in the price, aligning with the dynamic trendline and the 61.8% Fibonacci area. This pattern mirrors past instances, indicating the significance of this confluence. Furthermore, in the H4 timeframe, the price appears to be emerging from the oversold RSI zone, suggesting a potential shift in momentum. Investors are keenly watching upcoming data releases, particularly the USD Core Retail Sales and the USD Industrial Production m/m, which are expected to influence market sentiment. Market Dynamics: Mixed perspectives on inflation and interest rates from European Central Bank (ECB) policymakers are adding to the factors influencing the shared currency. This nuanced stance contributes to the observed downward pressure on the EUR/USD pair. Forecast: Despite the challenges, our forecast for EUR/USD remains bullish. The technical indicators, combined with potential market drivers, suggest a favorable outlook for the Euro against the US Dollar. Investors will be closely monitoring developments to gauge the sustainability of this recovery and any potential shifts in market sentiment. Our preference Long positions above 61.8% Fibo with targets at 1.10170 & 1.1140 in extension.
Long
by FOREXN1
1
💡 EURUSD: Forecast January 16EURUSD continues to fluctuate in a narrow range, not creating new notable signals. However, the fact that the price has accumulated for too long around the lower border of the rising channel combined with the previous strong falling wave shows that the risk of breakdown is increasing. Bulls need to keep SL below 1.09 for existing long positions, guarding against the possibility of a price decline. If this happens, the short-term target for bears is around 1.075.
Long
by Stone_Haven
Outlook for EUR/USD: Davos Insights and Fed Speeches Outlook for EUR/USD: Davos Insights and Fed Speeches Several ECB officials are expressing opposition to rate cuts, potentially helping to curb losses in the EUR/USD, which is currently testing the 61.8% Fibonacci level after a more than 0.7% drop. Davos has prompted ECB officials to share their views on the Euro Area's prospects and their positions on the likelihood of interest rate cuts in 2024. ECB Board Member Gediminas Šimkus, also Chairman of the Lithuanian Central Bank, suggests holding off on a central bank move, but sees the possibility of a cut in the summer. Similarly, ECB Board Member Madis Müller, the Governor of the Central Bank of Estonia, believes expectations for a rate cut are ahead of the current data reality. However, the future direction of EUR/USD remains uncertain, as Fed officials are pushing back against interest rate hikes too, and their influence in the markets may be more significant. Federal Reserve member Christopher Waller, whose November comments raised expectations of Fed rate cuts, today (not at Davos) expressed a more cautious outlook on the pace of rate cuts ("I see no reason to move as quickly or cut as rapidly as in the past"). Monitoring other Fed members' addresses this week will be crucial: Wednesday, Jan 17 09:00: Fed's Bowman Speech 09:00: Fed's Barr Speech 15:00: Fed's Williams Speech Thursday, Jan 18 07:30: Fed's Bostic Speech Friday, Jan 19 16:15: Fed's Daly Speech
by BlackBull_Markets
💡 EURUSD: Forecast January 15EURUSD still cannot escape the narrow range around the edge of the rising price channel. The bullish structure still exists and we still have long positions targeting around 1.1200. However, it should be noted that accumulation around the lower border of the price channel for too long is an unfavorable signal for sellers, especially when there has previously been a strong downward wave. You can hold the position but need to set SL below the 1.0900 zone to prevent the price from reversing and falling.
Long
by Stone_Haven
EURUSD: The USD is quiet with low trading volumeThe dollar was weak in early European trading on Monday as traders weighed the possibility of an early interest rate cut by the Federal Reserve and a U.S. holiday slowed trading volume. At 4:35 p.m. ET (9:35 p.m. Japan time), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, was trading 0.1% higher at 102.242 as the holiday began. Martin Luther King Jr. Data released on Friday showed the U.S. producer price index unexpectedly fell in December, increasing traders' expectations that the Federal Reserve will start cutting interest rates as early as this year. According to the CME FedWatch tool, the market now has a 78% chance that the Fed will start cutting interest rates in March, compared to a 68% chance a week ago. This week's US statistical calendar is quiet, with the focus on retail sales figures scheduled to be released on Wednesday. Investors will be closely watched for signs that consumer spending, a key driver of economic growth, remains resilient despite rising interest rates. Retail sales are expected to increase by 0.4% in December, following a 0.3% increase in November. Investors will also have the opportunity to hear from several Fed officials, including Fed President Christoper Waller, Atlanta Fed President Rafael Bostic, and San Francisco Fed President Mary Daley. The value of the euro rose even though Germany's GDP fell In Europe, the euro/USD pair edged up to 1.0953, even as data showed the eurozone's largest German economy contracted by 0.3% in the final quarter of the year. Last year and he will decrease by the same amount throughout 2023. But despite this weakness, recent inflation data largely confirms the European Central Bank's current thinking, meaning rate cuts are not on the table in the short term, said ECB chief economist Philippe. Lane said Friday. Eurozone inflation rose to 2.9% in December from 2.4% in November.
Long
by Chart_MasterPro
EUR/USD Analysis: Targeting a breakout to the downside? EUR/USD Analysis: Targeting a breakout to the downside? The EUR/USD currency pair seems poised for a technical breakout. Analysing the 8-hour chart reveals a consolidation phase since the start of the year, following a decline below 1.1000, with this mark acting as a resistance level on two occasions since then. Currently, EUR/USD is resembling a triangle/flag pattern, suggesting a potential technical breakout. The looming question is: Which direction will the pair break out? There are arguments to be made for both sides of the equation, but perhaps the case for a break to the downside is more convincing? Traders are pricing in an ~80% probability of a Fed rate cut in March. Simultaneously, an European Central Bank (ECB) rate cut for April is also on the horizon. While both central banks might fail to meet these expectations, the likelihood that the Fed pushes back might be lower than that of the ECB. According to Governing Council member Robert Holzmann, speaking at the World Economic in Davos, the prospect of ECB rate cuts in 2024 appears highly unlikely. At the same time, he emphasized the persistent threat of geopolitical conflicts, such as those in the Middle East, which pose a risk to Euro supply chains and energy markets. This ongoing uncertainty could exert pressure on consumer prices, creating a challenging environment that might interfere with any potential rate cuts from the ECB.
by BlackBull_Markets