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Eurusdlong

EURUSD: Next Target around 1.1045?Today's session will be very important for FX:EURUSD pair, especially after the data that will be released later. Having said that, the trend is bullish on intraday chart and the next bullish target should be around 1.1045 area. From a technical point of view, this rally was supported by the bottom swing formed around October 13th (see analysis below). The dollar should fall further if U.S. consumer confidence data at 1500 GMT is weaker than expected... BOTTOM SWING ANALYSIS ======================= (click on chart below) Trade with care Like | Share | Comment *Visit our website for technical levels and setup
Long
by TheAnonymousBanker
3
Morgan Stanley and BofA’s 2024 EUR/USD Predictions Morgan Stanely has released what they call their top trade for 2024, and it is the exact opposite of Bank of America’s call. Analysts at Morgan Stanley think selling EUR/USD around the current level of 1.10 is the trade to make next year, with a target for the pair reaching parity by the end of the first quarter of 2024. This outlook relies on sustained economic performance of the US. They also believe that technical recessions in the eurozone, Sweden, and the UK are expected to lead their respective central banks to initiate rate cuts in the second quarter of 2024. Selling Swedish krone (which has become a top ten traded currency recently) and the British pound might also be options for 2024 too, but this was not explicitly stated by the bank. On the other hand, Bank of America has suggested that shorting the USD is the trade to make, particularly against the Euro and South African Rand. BofA sees the potential falling interest rate in the eurozone increasing the attractiveness of euro-based stocks and other investments.
by BlackBull_Markets
Relief Rally ↗️ with Inflation Data as Catalyst 💡This is a trade Idea inspired by this past week's bullish pin bar candle closure. The NFP and Inflation data catlyst for a higher timeframe pullback also supports this. Expected reduction in inflation from 3.7% Yoy to 3.6% Yoy during this week's news release also supports this. Two weekly candles holding/closing above 1.054-1.057 supports this. Flipping to Bullish Market structure on the Daily timeframe supports this. We have many confluences and you see the point.
Long
by ShrewdCatfx
4
💡 EURUSD: Will it maintain its position?➡️ Currency traders observed the Euro maintaining its bullish position against the US Dollar today, persistently aiming for the 1.1000 mark and finding support at 1.0900. However, the Euro faced a decline against the British Pound, reaching a two-week low. ➡️ Changes in investor sentiment can be attributed to evolving expectations regarding the monetary policy of the European Central Bank. The anticipated ECB rate cut, initially projected for April, has been pushed back to June, with the expected cut now scaled down to 83 basis points. While the forex markets showed relative stability last week, upcoming inflation data from both the Eurozone and the United States in the following week is anticipated to play a pivotal role in determining the trajectory of currency movements. Traders are advised to closely track these reports for insights into potential future central bank actions and their likely impact on currency valuations.
Long
by Stone_Haven
4
EURUSD: Low valuations of euro zone bank stocks could hamper creThe European Central Bank (ECB) on Monday expressed concern about the low valuations of euro zone bank stocks, suggesting it could have a negative impact on future credit growth. Hybrid by imposing strict conditions on the borrower. Bank profits have increased significantly this year, thanks in part to higher net interest income due to higher ECB rates, but stock market valuations have not kept pace. Many banks appear to be trading at a discount to fundamentals. The ECB has pointed out that this could lead to financial system instability in the long run. Banks that are undervalued by investors may struggle to raise new capital when they need it, the ECB said in its financial stability review report. The central bank continued to insist that weak valuations directly lead to tighter financing conditions for the real economy. We find that banks' increased exposure to corporate credit risk and the perception of bank stocks as value stocks are major contributors to valuation stagnation. However, the ECB also noted that these fundamentals do not fully explain current valuations. Increased uncertainty regarding future payments to shareholders may also be a factor. Meanwhile, some euro zone governments have introduced banking taxes and the ECB is considering raising interest-free reserve requirements, which could lead to lower revenues. The ECB argues that the tax risk on dividend income sources impacts valuations more than on growth stocks, whose cash flows are expected to be reinvested internally and returned to investors in the future. Far away.
Short
by Chart_MasterPro
EURUSD Longs from 1.09000 up to 1.10000EURUSD is looking very good in terms of entering high quality POI's and it is following the temporary bullish trend very well. So from this we will try to catch pro trend trades up to the daily supply or ideally the 8hr supply zone on top of it. As of now, price has created a small BOS to the upside so I will be waiting for a small pull back to the 12hr demand in order to buy up. As price Is near a decent amount of liquidity I would like to wait for a clean CHOCH and for a spring to take out any remainder asian lows for me to consider a buy opportunity. However, as there's major news this week like NFP, so I would approach any potential setup with caution and lower my usual risk size. Confluences for EURUSD Buys are as follows: - Temporary trend for EU is bullish and this follows the trend as well as the DXY bias. - In order for price to make a bearish move it will have mitigate the daily above or the 8hr supply. - There's asian high above that hasn't been taken which is liquidity that needs to get swept. - Price keeps breaking structure to the upside and candles on HTF are very bullish. - Momentum is starting to slow down as it has currently reacted to a 4hr supply. - In order for price to continue going up it must come down in the form of a pullback so we can create a new leg to the upside. P.S. The Wyckoff accumulation is still pending as I'm waiting for price to mitigate my zone, sweep liquidity and change character to the upside. I am also aware price could fall lower due to the ineffeciencies below and then tap into a cheaper zone for buys back up.
Long
by Hassan_fx
1
EURUSD I Pullback and more potential growthWelcome back! Let me know your thoughts in the comments! ** EURUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
4
💡 EURUSD: Unpredictable➡️ EURUSD recently approached the support zone near 1.0890 and experienced a rebound. However, there are currently no clear buy signals. ➡️ On the shorter timeframes, the upward trend hasn't materialized yet, making it challenging for us to initiate buy positions. Therefore, it's prudent to adopt a cautious approach and observe further price action. The likelihood of the market continuing its downward trajectory remains significant. For those engaged in short-term trading, selling could be considered around the resistance area near 1.0925. It's essential to pay close attention to price movements. If the price convincingly surpasses the mentioned zone with strong momentum and fails to generate any sell signals, it would be wise to stay on the sidelines.
Short
by Stone_Haven
2
EURUSD Long Term Sell Trading IdeaHello Traders In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
Swings Get Swept- Wicks are CluesThis is the 4hr TF of EURUSD. The Swing Low has been established. Wicks are nothing more then imbalances and typically get filled. By leveraging the bias of the asset you have a very high probability of entering a great trade. The DXY is heavy bearish which means US Base pairs are bullish. The Quarters Theory dictates that price trades within 000 - 250 - 500 - 000. Those are awesome target areas on any asset. Tomorrow is a holiday this is an aggressive play. As always never over leverage. Trust your trade set up. Have a great holiday!
Long
by Master-Jedi-Trader