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Eurusdlong

EURUSD: Evolution and movement trend of EURThe euro lost value compared to the USD today as the dollar had a significant increase. Germany released some disappointing data. Following the RBA's announcement that this would be the final increase in interest rates, the value of the Australian dollar plummeted dramatically. Germany's industrial production weakened last month, according to data, which had an indirect negative impact on the euro. Jerome Powell, the chairman of the Fed, will talk on Wednesday and Thursday. Following the Fed policy meeting last week, the markets will now be watching to see if he sticks to his more accommodating position. The euro lost value compared to the USD today as the dollar had a significant increase. Germany released some disappointing data. Following the RBA's announcement that this would be the final increase in interest rates, the value of the Australian dollar plummeted dramatically. Germany's industrial production weakened last month, according to data, which had an indirect negative impact on the euro. Jerome Powell, the chairman of the Fed, will talk on Wednesday and Thursday. Following the Fed policy meeting last week, the markets will now be watching to see if he sticks to his more accommodating position.
Long
by Chart_MasterPro
Long Position traders looks happy! EURUSD {08/11/2023}Educational Analysis says EURUSD may go long according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why long? Broker FXCM. Bull/Long Traders look positive on the long position of this pair, The Last lower high has been respected, Which means the market is in bullish trades for this pair. EURUSD fair value gaps are unfilled in a 4-hour time frame. The last Analysis is jointly connected in this updated one. So, trade is already on with RR is 1: 50.44 I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS. Happy Trading, Fxdollars.
Long
by VishalBudhrani
2
💡 EURUSD: The increase was postponedThe bullish run in the EURUSD market seems to have hit a roadblock as it neared the 1.075 level, marked by the emergence of a bearish pin bar candle on the daily chart. This small but significant bearish signal occurred at a crucial point of convergence. In light of this development, it's advisable to exercise caution. If you've been holding a long position, it might be a good idea to contemplate securing some of your gains by taking partial profits and adjusting your stop loss accordingly. However, should the price manage to sustain its upward movement and breach the 1.08 level, it may warrant considering fresh long positions at that juncture.
Short
by Stone_Haven
The USD fell, extending the decline from last week. Will the EURThe U.S. dollar edged lower in early European trading Monday, falling to a six-week low and extending last week's decline on a less hawkish stance from the Federal Reserve. At 03:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 104.782, after falling more than 1% last week, the sharpest decrease since the middle of last year. The dollar has weakened since the Federal Reserve's policy-setting meeting last week, when the central bank offered dovish signals about more interest rate hikes. EUR/USD rose 0.1% to 1.0743, with the euro rising to levels last seen in September on dollar weakness, rather than any form of regional economic strength. Which area? This tone was reinforced by Friday's official jobs report, which showed that US nonfarm payrolls grew less than expected in October. The data suggests the US labor market is cooling. more, which has been the main driver of the Fed's hawkish stance this year.
Long
by Chart_MasterPro
EURUSD: 06/11/2023:🟢Ready for the next short term bullish🟢You can see the scenario that I looking for. I am waiting for the price to touch the bullish order block and then with low timeframe confirmation, we can enter the buy position. We can define the previous high as a target. If the price breaks the previous high before entering the bullish order block this TA is not valid anymore. 💡Wait for the update! 🗓06/11/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
EURUSD 4H : New forecast EURUSD New forecast The price of EUR/USD rose up last week as it approaches the expected positive target at 1.0760, and is moving within an ascending channel that supports the chances of surpassing this level and opening the way for further upward correction during the coming sessions, heading towards visiting the 1.0807 and 1.0836 areas as the next main stations. Therefore, we expect to witness further rise in the immediate term, supported by the moving average 50, taking into account that failure to breach 1.0760 will put pressure on the price to bounce down and test the pivotal support at 1.0700 before determining the fate of the next destination more clearly.so the main condition to be continue at the bullish trend is stability above 1.0760 and then our target will be activate . The expect range trading for today it will be between the resistance line 1.0760 and support line 1.0700. resistance line : 1.0760 , 1.0807 support line : 1.0700 , 1.0686 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
by Arazmajeed
2
EUR/USD at channel support + Pinbar; reversal imminent?Dear traders, I understand most of you are waiting for an uptrend in EUR/USD. Well, it might be just around the corner. I will give you the technical reasons on why EUR/USD might move upwards. Firstly, notice the pinbar candlestick in the daily chart , which usually leads to trend reversals. Secondly, notice how the price has bounced back from the channel support . So, a combination of these two factors can make EUR/USD move towards 1.0720 in the coming days. However, the channel is a bearish channel and a breakdown of this would cause quite a big fall in EURUSD. So, you need to keep this in mind.
Long
by MarcellusLUX
9
EUR/USD reversal underway, 1.0720 in sightDear traders, I understand most of you are waiting for an uptrend in EUR/USD. Well, it might have just began I will give you the technical reasons on why EUR/USD might move upwards. Firstly, notice the pinbar candlestick in the daily chart, which usually leads to trend reversals. Secondly, notice how the price has bounced back from the channel support. So, a combination of these two factors can make EUR/USD move towards 1.0720 in the coming days. However, the channel is a bearish channel and a breakdown of this would cause quite a big fall in EURUSD. So, you need to keep this in mind.
Long
by MarcellusLUX
1
EURUSD Bullish Outlook WeeklyThis chart shows the 1hr analysis I have landed at. Last weeks analysis played out rather accurate and ended at the final spot I predicted as we ended bullish for the Euro. I see the geopolitical news being a factor that the dollar is getting beat up the way it is, as well as Gold on its move last week, there wasn't much give for the Dollar. I have several levels marked up on this chart and this is due to the intraday scope I am looking at for the coming week. I being a bullish character in EUR/USD I have my main levels I want to be ran marked and I will attempt to enter with stops relative to the next level, and if I get stopped, I will probably look for more bullish attempts at the retracement back to the next level (the one that stops me) and see if I cant regain a loss, and catch the start of what hopefully can be a bullish week. There is still lots of room to cover If i am going to switch bearish on this pair. There could be resting liquidity at many of these levels due to the uptick in the war and many stock positive moves that took place on US30 movers last week. Time will tell, but this is what I am looking at for this week. Will update on Sunday, the 12th. Check out the links in my bio for AI tools and indicators. Go check em' out. I built a PineScript LLM that helps you code your own strategies and indicators even if you know nothing about coding and a TradeGPT agent that can supplement probably 98% of internet Guru's as far as valuable information in a timely manner,. Just thought I would offer that knowledge as well!
Long
by mbfxtrading
EURUSD is going bullish for me. First and foremost, the formation of a bottom, commonly referred to as a "double bottom" in technical analysis, has emerged as a strong foundation for the bullish sentiment surrounding EUR/USD. This pattern indicates a potential trend reversal, and traders are closely monitoring this formation as a sign of the end of the recent downtrend. However, it's worth noting that this bottom has not been thoroughly tested. Beneath the trend line, liquidity has been built, suggesting that the market may revisit these levels before making a significant move. Traders are eagerly awaiting this test, which could serve as a critical confirmation of the bullish trend.Geopolitical events are no strangers to influencing currency markets. Recent global tensions, particularly the situation involving the U.S. and Iran, have injected increased volatility into the market. The missile strikes launched by the U.S. on Iran have raised concerns regarding oil and gold prices, which can have a significant impact on EUR/USD.Specifically, these tensions have the potential to trigger a flight to safe-haven assets like gold, leading to an uptick in gold prices. This, in turn, might indicate increased risk aversion in the market, potentially driving investors towards the euro and strengthening EUR/USD. Moreover, the influence of geopolitical instability on oil prices, with the U.S. being a major player in the industry, can weaken the U.S. dollar, further bolstering the bullish sentiment of EUR/USD.Looking ahead, traders will closely observe the channel where EUR/USD is currently trading. The bullish perspective implies a potential upward push, and this channel will play a pivotal role in assessing the currency's trajectory. A re-evaluation of EUR/USD will be crucial as it approaches this key level.
Long
by mbfxtrading
Long Opportunity on EURUSDMarket Structure is KING! Hey, if you like this idea be sure to support with a like and a follow. Here is my analysis for EURUSD for the upcoming week. USD News this week. I'm looking to buy this upcoming week What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? Market structure will give you direction. 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Long
by bluesignalfx
1
💡 EURUSD: The buyers are dominatingOnce the sellers retested the 1.07 region, the bearish momentum lost its strength and failed to push the price beneath the support zone at 1.05. The prominent long lower shadow observed in the latest session indicates a robust upward pressure on prices, hinting at the resilience of the 1.05 level against a potential breach. Our current approach remains focused on purchasing based on prior reversal signals. For those already holding positions, it is advisable to maintain them. We will only consider abandoning this strategy if the price falls below the range of 1.0530 to 1.0510, which serves as the target for traders. The buy position is still centered around 1.0540.
Long
by Stone_Haven