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Eurusdlongsetup

EURUSD: Market continues to move in a downtrendEUR/USD declined on Wednesday, quickly reaching below 1.0900 and then rebounding in the US session, cutting losses. The Euro is still supported by expectations of interest rate hikes by the European Central Bank (ECB), reaffirmed by Lagarde's comments. At the same time, bets on interest rate hikes increased in July from the Federal Reserve (Fed), supporting the US Dollar. Inflation data from the Eurozone has started to be released. Italy's harmonized consumer price index slowed down from 8% to 6.7% in June. On Thursday, Spain and Germany will report inflation, and on Friday, the Eurozone's Consumer Price Index (CPI) will be due. The headline EZ is expected to decrease from 6.1% to 5.6%. Another report released on Wednesday showed a decline in the GfK Consumer Confidence survey, with a drop from -24.4 to -25.4. This is the first decline since October.
Long
by Sphyn-Trader
7
EURUSD: ECB President Lagarde Speaks!The EUR/USD pair is taking a break around 1.0960 after posting its biggest daily gain in a week during a two-day rally. This suggests that the Euro has been boosted by hawkish comments from European Central Bank (ECB) officials the previous day, while paying little attention to optimistic US data. However, cautious sentiment ahead of key speeches from top central bank figures including ECB President Christine Lagarde and Federal Reserve Chair Jerome Powell at the ECB Forum in Sintra has further fueled the currency pair's price increase.
by Sphyn-Trader
EURUSD: Good signals in the time of economic instability!The EUR/USD pair starts the week on a positive note, moving away from a one-week high below mid-1.0800s. Spot prices trade around 1.0900 during the Asian session. The US Dollar struggles to capitalize on its recovery gains and faces some supply on Monday. Business activity in the US fell to a three-month low in June, according to S&P Global. Services growth eased for the first time this year, and the manufacturing sector contracted further. This, along with a slight decrease in US Treasury bond yields and a positive tone in US equity futures, weakens the safe-haven Greenback.
Long
by Sphyn-Trader
17
EURUSD Long Term Trading IdeaHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD 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 forexplanet797
2
EURUSD: ECB President Lagarde Speaks!The EUR/USD experienced a slight increase on a calm Monday in the financial markets. This week, important inflation data will be released, and central bankers will be making speeches. The US dollar weakened moderately on Monday due to a decrease in US yields and a rise in commodity prices. On Monday, data was released showing a decline in the German Ifo, following pessimism triggered by PMI data on Friday. The headline index for June dropped from 91.5 to 88.5, which was below the market's expectation of 90.7. Additionally, the Expectation Index fell from 88.3 to 83.6, and the Current Assessment decreased from 94.8 to 93.7. The European Central Bank's forum on central banking in Sintra has begun, with numerous central bank officials from around the world attending. ECB President Lagarde and other policymakers will be speaking multiple times, starting on Tuesday. If the ECB wants to communicate a message to the market this week, it has an opportunity to do so. It is most likely that they will stick to the current "data-dependent" approach and signal another rate hike in July. Fed Chair Powell will also be speaking at the Sintra forum on Wednesday, but it is unlikely that there will be any surprises
Long
by Sphyn-Trader
2
EURUSD - Bullish price action ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect bullish price action from here as we can see that price almost filled the imbalance and rejected from bullish order block. Fundamental analysis: Upcoming week on Thursday we have news on USD, will be released quarterly GDP. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
EURUSD - Long Set-upHi folks, 🔺We are witnessing or about to witness the peak of interest rates by the Fed, but it seems too early to say the same for the EU. 🔺Although EURUSD briefly dipped below the regression trend, it managed to bounce back above it. 🔺A bottom formation has formed on the 4-hour RSI, and as the closing prices go above 50 points, it is expected to gain momentum in an upward direction. 🔺The target of the pattern on the table is 1.1250. 🔺Stop: 1.085 🔺Take profits (TP) are indicated with fib levels. Bonus Chart: EURUSD 1D Graphs
Long
by burakkesmeci
EURUSD Trade Setup H4The price of EURUSD has closed at 1.0891. According to my limited knowledge, the first resistance area for EURUSD is likely to be at 1.0908. If this area is broken, then the next second resistance will be at 1.0953, and if that area is also broken, then the third resistance area will be at 1.1002. As for support, the first support level is at 1.0854, and the second support level is at 1.0808. You should keep an eye on the market and open trades wherever the market rejects. If you sell from the first resistance area, your take profit should be at the first support area, and you should set a stop loss of 35 pips. I hope your trades turn out to be profitable. Disclaimer: The information provided is for educational purposes only and should not be considered as financial advice. Trading involves risks, and decisions should be made based on personal judgment and analysis.
by ShaniTradingHub
EURUSD: Economic influence!According to The Guardian on June 8, gross domestic product (GDP) across the eurozone fell 0.1% in the first quarter of this year, worse than the previous forecast that the eurozone economy just stalled. Specifically, Eurozone GDP shrank by 0.1% in the fourth quarter of 2022, meaning that the eurozone economy shrank for two consecutive quarters. The definition of a recession is an economic contraction for two consecutive quarters. The GDP of the Eurozone fell due to being dragged down by Ireland. Ireland's GDP fell 4.6% in the first quarter of this year, although economists have questioned whether that really reflects the performance of the Irish economy. The Lithuanian economy shrank 2.1%, while the Dutch economy shrank 0.7%. Germany, Europe's largest economy, shrank 0.3% and also fell into recession. The European economy has been hit by economic disruptions amid the conflict in Ukraine, which has sent energy and food prices soaring. This situation has led to a series of rate hikes, as the European Central Bank (ECB) seeks to combat higher inflation. Diego Iscaro, Head of European Economics at S&P Global Market Intelligence, forecasts that as the impact of higher interest rates has yet to be fully felt, economic activity in the eurozone will be sluggish throughout. remainder of 2023.
Short
by Sphyn-Trader
Bullish on EURUSDCurrently EUR/USD is having a slight retracement after all that buying pressure. A strong supply level has turned into a demand level showing bullish signs... I am waiting for a retest into this demand zone and strong bullish price action/MA cross in order to enter. Additional confluence will be this trendline break. I have my TP at the last strong supply zone. My SL will be below the last higher low with an additional 20 or so pips for some breathing room! Let me know what you think! Trade safe and manage risk!
Long
by JamminToast
EURUSD: Meetings of leaders?Last week, the US Federal Reserve led a meeting with senior central banks to discuss monetary policy. As expected, they decided to pause their year-long cycle of interest rate hikes in order to assess its impact on inflation and the country's economic outlook. The Fed also indicated that there might be a rate hike in the near future, considering that consumer prices are still more than double their target of 2%. However, they emphasized the importance of upcoming economic data to justify these potential moves. This week, the focus will be on economic data related to the US housing market, first-time jobless claims, and the current account. Additionally, there will be two days of national hearings where Powell will address both houses of Congress.
Long
by Sphyn-Trader
4
Is EUR/USD gearing up for a bullish move to 1.11?Dear traders, for the last 2 weeks, EUR/USD is forming a base in the 1.0650 level. We have seen a long consolidation at this zone and now, price is slowly moving to the upside. 1.0780 is the first challenge for the bulls . If this key level is broken by the EUR/USD bulls, expect a strong rally to 1.09 and 1.11 eventually as the path of least resistance is to the upside. I recommend traders to look to long entries around 1.07 -1.0650 level with SL below the support zone at TPs at 1.09, 1.11 respectively.
by YourLazyTrader
24
EUR/USD breaks resistance, 1.0972 next?Dear traders, EUR/USD has finally broken through the 1.0780 resistance level that I have been talking about in my previous ideas. Also note that price has broken and settled above the dynamic resistance in the 4Hour chart . So, the confluence of these two factors give us a bullish bias in EURUSD. That being said, we have US CPI data in a few hours which might lead to volatility in EUR/USD . So, I do not recommend any fresh positions in EUR/USD. However, if price does fall below 1.07 again, I would consider that a buying opportunity as long as the support stays intact with my initial target at 1.0972.
by YourLazyTrader
26