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Eurusdlongsetup

EURUSD: The US inflation report stirred optimism about balanced Tuesday's dovish US inflation report increased confidence that the Federal Reserve can effectively manage consumer prices without harming the economy. This so-called "Goldilocks" scenario is neither too hot nor too cold and is considered beneficial for both stocks and bonds. The asset class posted strong gains in November after continued uncertainty, fueled by expectations that the Fed was unlikely to raise rates further, leading to market volatility. School from early 2022. Inflation statistics released on Tuesday confirmed this view. For the first time in more than a year, consumer prices remained steady month-on-month in October, a softer result than analysts expected. At the same time, there is little evidence that tighter monetary policy is causing significant harm to the economy, supporting the view that prices can continue to cool without hindering growth. Eric Kuby, Chief Investment Officer at North Star Investment Management Corp, commented on the market reaction to these developments. "The broader market has been challenged with this consensus negative view on both recession and inflation," Mr. Kuby said. "The reality is telling a different story. This is a Goldilocks moment for the entire market. ” The data prompted strong gains in stocks and bonds. The S&P 500 rose 1.9% on the day, its biggest single-day gain since late April. The index is up 9% from its October low. The benchmark 10-year Treasury yield, which is inversely correlated with bond prices, fell to its lowest level since late September, more than 50 basis points below the 16-year high it hit last month. In response to the inflation report, federal funds futures traders said Tuesday that the Fed would avoid further rate hikes and expect to cut rates by about 100 basis points in 2024, up from a 75 basis point cut expected before the report. I expected it.
Long
by Chart_MasterPro
EURUSD with WillsonnnnHello guys, a good day! Intraday bias in EUR/USD stays neutral at this point. On the downside, break of 1.0655 minor support, and sustained trading below 55 4H EMA (now at 1.0664), will argue that the rebound from 1.0447 has completed with three waves up to 1.0755. That came after rejection by 1.0764 cluster resistance (38.2% retracement of 1.1274 to 1.0447 at 1.0763). In this case, intraday bias will be turned back to the downside for 1.0447/0515 support zone. Nevertheless, strong bounce from current level, followed by decisive break of 1.0764, will bring stronger rally to 61.8% retracement at 1.0958 next.
Long
by Willsonnnn
EURUSD with WillsonnnnEUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles.
Long
by Willsonnnn
EURUSD 4H : Support further decline EURUSD New forecast The euro/dollar pair rose during the day to reach support at the 1.0700 level, showing some slight upward bias, waiting to encourage the price to resume negative trading and test the 1.0661 level initially, remembering that breaking this level will push the price to achieve negative targets starting at 1.0632 and extending to 1.0612. . Therefore, the downward trend will remain effective, keeping in mind that breaching 1.0718 will lead the price to achieve additional gains before any new attempt to decline. The expect range trading for today it will be between the resistance line 1.0718 and support line 1.0661. Additionally ,Today News will affect the market . resistance line : 1.0700 , 1.0718 support line : 1.0686 , 1.0661 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
2
EURUSD Longs from 1.06400 to 1.07400 (possibly higher)This week's analysis for the EURUSD is similar to GU however it has some slight differences (at the end of the day they are different pairs with different characteristics.) In terms of current price I see the market consolidating just before the CPI event before making its decision. So I would wait for price to either sweep liquidity below and tap in the (18hr) demand or, sweep the liquidity above and mitigate the (8hr) supply. But as we can use the dollar as a confluence I would be expecting it to rise a little then drop, so for the EURUSD I'm expecting it to tap in the demand first to buy back up to the supply zone above. Confluences for EURUSD Longs are as follows: - Price has formed higher highs and higher lows which is the clean structure of an uptrend. - Price has left a clean unmitigated demand zone on the 18hr that I can buy from. - Price has slowed down momentum and is ranging which is building liquidity for my potential buys this week. - The dollar index also matches up with the bias as the DXY is expected to rise a little more, to then continue another bearish move to the downside. - Demand zone has also broken structure to the upside and price has filled in the imbalances from the previous weeks. P.S. I am more leading towards longs similar to GU so won't be surprised if it doesn't go as low as the demand zone marked, but keeps rising in order to mitigate the supply and sweep that liquidity below it. So for me, I would ideally wait and see as I don't see an imminent trading opportunity for Monday hence, why I would wait after CPI Tuesday to give me a better understanding of what direction this market wants to go in.
Long
by Hassan_fx
1
EURUSDDespite the usual year-end cooling, the dollar's strength, underpinned by US macro performance and a hawkish stance from the Federal Reserve, is expected to continue. The dollar remains unaffected by the Treasury sell-off and rising long-term yield curve. High US interest rates and a disorganized rise in US yields are seen as factors that could further strengthen the dollar. Factors that could lead to a weaker dollar include weaker US macro data, a slowing US economy or a recession in the euro zone. However, these potential weaknesses are not expected to result from a reassessment of China's or Europe's growth outlook. High US interest rates are likely to disrupt the financial sector, which will initially boost the dollar due to tighter dollar funding conditions.
Short
by Willsonnnn
EURUSD Longs - A grade setup blueprintThis time we are diving into an A grade setup that was presented to us on the 08/11/2023. After anticipating a bullish move from this exact zone marked out last Sunday's post. I will be breaking down what I would look for once price taps into our higher time frame POI (16hr demand zone on EU). At first I noticed that as price was slowing down momentum, wyckoff accumulation started to become more evident. During the process of liquidating previous buyers, it changed character on the 10min which left a 5min OB that was unmitigated. From then, my SPRING was confirmed as well as my entry price. In addition to this, the order block was also in line with the 0.78 mark on the fib range and it was at a very discounted area hence why price was volatile as soon as it got tapped in. As I also realised that price had filled the imbalance left from last Fridays NFP event, I knew price would want to continue in the trend it had set, which was a bullish order flow that consisted of higher highs and higher lows. Lastly I would set my take profit target to be in areas of liquidity that price would attract to, and in this case it was the amount of untouched Asia highs that was left from previous days. However, I also realised that for price to move back down, it would need to mitigate a supply which was also left above the points of liquidity. P.S. The mini equal lows that was swept was just extra confluence that price would react off my 5min OB that caused the CHOCH to happen, and because price had perpetual liquidity sweeps, I knew that there was minimal reversal magnets that could try interfere with our trade. Ultimately, this was why we was able to catch a 1:12 RR with basically ZERO DRAWDOWN...
Long
by Hassan_fx
3
EURUSD 4H : New forecast EURUSD New forecast Trading in the EUR/USD pair rebounded upward after approaching the 1.0649 level, and we expect to test the 1.0760 level during the coming sessions. Therefore the direction is not clear se we have to wait until confirmation , to confirm the bullish trend should stable above 1.0718 and then our target will be active , taking into account that stabilized under 1.0664 will put the price under sell pressure and will postponed the bullish trend and began the negative trade. so we have to wait until breach and stabilized above 1.0718 and then buy it or stabilized under 1.0664 sell it . The expect range trading for today it will be between the resistance line 1.0718 and support line 1.0664. Additionally ,Today News will affect the market . resistance line : 1.0718 , 1.0760 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
EURUSD 4H :Waiting for breach the support zone EURUSD New forecast As we mentioned from the previous idea , if price failure to stable above 1.0760 then the price will drop and already dropped to our target . Trading in the EUR/USD pair bounced down after testing the resistance of the ascending channel at 1.0760 and rebounded from it, heading towards a possible visit to support this channel during the coming sessions, so that the bearish bias is likely for today according to the rules of trading within the price channels. Therefore, we expect to witness further decline in the immediate term, but on the condition of stability below the resistance area at 1.0686 - 1.0700, targeting the levels of 1.0664 and then 1.0632 mainly, noting that breaching and stability above 1.0700 will stop the expected decline and lead the price to conduct a further upward correction. The expect range trading for today it will be between the resistance line 1.0760 and support line 1.0664. resistance line : 1.0700 , 1.0760 support line : 1.0686 , 1.0664 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
30
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
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