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Eurusdoutlook

Why EurUsd will drop 1500 pipsHello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience. I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings. I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a get rich quick scheme. ------------------------------------------------------------------- Today I want to share with you my outlook on EurUsd: Since the beginning of 2007, EurUsd has been trading in a pretty solid downtrend, always rejecting the upper and lower trendline of the descending channel. With the recent break and retest of the $1.095 structure level, market structure is now definitely back to bearish. ------------------------------------------------------------------- Most of the people always follow the quick money. But the quick money is never the big money. They think that making 5% a month consistently is reasonable, which is one of the reasons why so many traders fail. The only think which you can control is your risk, everything else is unknown. Keep your long term vision!
Long
by basictradingtv
44
EurUsd retraces 📎 / CPI Data as catalystEurusd retraced 100 Pips today with Infaltion data as the catalyst for a continuation of higher timeframe momentum. How Surprised can we be of a move to the downside with the Weekly/Monthly timeframes doing just that for the last 3 months. The news release was stronger than what was expected for the USD. Inflation is increasing at a faster rate than expected. Let's buy the USD as a safe haven given these uncertain and troubled times.. Technicals : Large Bearish candle just printed on the Daily timeframe. The next Daily candle will likely have a bottom wick and is why it is still reasonable to look for a continuation play. That said, with the anticipated London session volume, we may expect a pullback to 1.054 weekly level or 1.056 before observng more bearish movement on Eurusd
Short
by ShrewdCatfx
EUR/USD Hovers at 1.0600 as Mixed Sentiments Prevail...UR/USD Hovers at 1.0600 as Mixed Sentiments Prevail EUR/USD is navigating mixed sentiments against the US Dollar (USD) on Wednesday, hovering around the 1.0600 level. The day kicked off with European stocks posting slight losses, which has led to a somewhat indecisive performance of the Euro. The USD Index (DXY), a gauge of the USD's strength against a basket of major currencies, currently hovers near monthly lows, trading just below the 106.00 level. This reflects the Greenback's susceptibility amid improved sentiment in risk markets. Investors are still processing the recent dovish messages from officials of the Federal Reserve (Fed), which have exerted downward pressure on the US Dollar. In terms of monetary policy, the prevailing market consensus anticipates the Fed to maintain interest rates at their current levels for the remainder of the year. Simultaneously, there is speculation in the market about whether the European Central Bank (ECB) will pause its policy changes, despite inflation levels surpassing the bank's target and concerns about the possibility of a future economic recession or stagflation in Europe. On the economic front, the final Consumer Price Index (CPI) data for Germany revealed a year-on-year increase of 4.5% and a 0.3% monthly rise in September. In the United States, investors are keeping an eye on various data releases. This includes the weekly Mortgage Applications reported by the Mortgage Bankers Association (MBA). Subsequently, the market will see the publication of September's Producer Prices, along with the release of the FOMC (Federal Open Market Committee) meeting minutes from September. At that meeting, the Fed decided to keep interest rates unchanged. Investors are treading cautiously due to the recent dovish stance of several Federal Reserve officials who emphasized the importance of maintaining a restrictive monetary policy to control inflation. Anticipation is building as the market awaits the release of the FOMC meeting minutes from September, which is expected to provide insights into the Fed's decision-making process. The cautious sentiment in the market is impacting equity markets positively, contributing to a rise in stocks. Investors are closely monitoring how central banks, especially the Fed and the ECB, will navigate the current economic challenges and how these will influence currency markets. Short-Term Setup - Our preference: Short positions below 1.06800 with targets at 1.05500 & 1.05000 in extension.
Short
by FOREXN1
27
EUR/USD Bullish Update📈 **Forex Market Update: EUR/USD** 🇪🇺🇺🇸 🔥 Exciting Developments in the EUR/USD Pair! 📊 📈 **Bullish Breakout**: The Euro has shown remarkable strength by breaching the pivotal 1.0550 resistance level against the US Dollar, signaling a potential shift in the market sentiment. 📉➡️📈 💹 **Bullish Trend Line**: On the hourly EUR/USD chart, a substantial bullish trend line is emerging, with a reliable support level around 1.0577. This suggests a strong foundation for further gains. 📈📊📈 🚀 **Recovery Wave**: The pair embarked on a recovery wave, commencing from the 1.0450 level. It impressively cleared the 1.0485 barrier, marking the beginning of a short-term bullish trend against the US Dollar. 📈📈📈 📊 **Consolidation Phase**: Currently, the pair is consolidating its gains above the 23.6% Fibonacci retracement level, calculated from the low of 1.0519 to the high of 1.0619, emphasizing its resilience. 🔄💪 📉 **Immediate Support**: In case of a temporary pullback, the immediate support level to monitor is at 1.0595. 📉🛡️ 🚧 **Immediate Resistance**: The next challenge lies at the 1.0615 zone, followed by a more significant hurdle at 1.0650. 🚧📈 🚀 **Upside Potential**: An upside break above the 1.0650 level could potentially propel the pair towards the formidable 1.0700 resistance. 📈🚀💰 💡 Whether you're an experienced trader or a novice just starting out, closely monitoring these levels can empower you to make well-informed trading decisions. Knowledge is the key to success in the forex market! 📚🧠💼 #EURUSD #ForexTrading #CurrencyPair #BullishTrend #FibonacciRetracement #TechnicalAnalysis #TradingSignals #ForexNews #FinancialMarkets 🌐💹📰
Long
by T-Q
EURUSD 4H : Returned to bearish channel EURUSD New forecast The EUR/USD pair continued to decline to settle around 1.0550, resuming the main bearish trend within the bearish channel that appears on the chart, waiting to visit the levels of 1.0496 and then 1.0463 as the next main targets. Therefore, we expect to witness further decline during the coming sessions, supported by the downward channel, keeping in mind that breaching 1.0620 levels will stop the expected downward trend and lead the price to conduct an additional upward correction in the immediate and short term. The expect range trading for today it will be between the resistance line 1.0567 and support line 1.0496. Additionally ,Today News will affect the market . resistance line : 1.0550 , 1.0588 support line : 1.0496, 1.0462 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 Long Term Buy 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
2
EURUSD 4H begins a sharp correctionEURUSD Hello, The EUR/USD pair begins today's trading with additional positivity, breaching the resistance of the descending channel and trying to hold above it. If the direction stabilized under 1.0619 it will touch 1.0572 then 1.0539 then 1.0504 if the direction reversed above 1.0619 and closed it will touch 1.0658,1.0698 then 1.0738 Pivot Price: 1.0619 resistance line: 1.0658,1.0698 ,1.0738 support line: 1.0572 ,1.0539,1.0504 The general trend expected for today: bullish timeframe:4H
Long
by Evar_Mayi
Bullish in the short term.Resistance Level 2: 1.0700 Resistance Level 1: 1.0650 Spot price: 1.0605 Support bit 1: 1.0560 Support bit 2: 1.0500 Yesterday on Tuesday (October 10), the euro rose 0.32% against the US dollar to US$1.06; the US dollar index =USD, which measures the US dollar against six other currencies, fell by about 0.15% to 105.79, which is far lower than the 11-month high set last week. High 107.34. Atlanta Fed President Bostic's latest remarks said the Fed does not need to raise interest rates further. Bostic told the American Bankers Association that the Fed's policies are already restrictive enough, and he also believes there will be no recession in the future and that the Fed's interest rate hikes will lead to an economic slowdown and lower inflation. The comments were made in part in response to the Israeli-Gaza conflict. Continued bloodshed in the Middle East and dovish comments from Federal Reserve officials have dragged U.S. Treasury yields sharply lower. The benchmark 10-year Treasury yield fell to an intraday low of 4.618% on Tuesday from a high of 4.887% on Monday. The market seems to be filled with expectations that the Federal Reserve will stop its interest rate hike cycle. In this market atmosphere, EUR/USD also took the opportunity to continue its recent rebound trend. On the daily chart, the exchange rate has crossed the middle track of the Bollinger Bands channel, and technical indicators have begun to rise, indicating that the euro's rebound potential is gradually gathering. However, due to the release of US inflation data this week, long-term euro trading is expected to be cautious. At the top, we should mainly pay attention to the suppression of the strong resistance level of 1.0650. If it can be broken through, the upward trend is expected to become obvious.
Long
by Zenobia-Harte
1
EURUSD 4H : Above 1.0625 will be uptrendEURUSD New forecast The price perfectly fulfills my last idea and we get about + 45 pip . The EUR/USD pair was able to reach resistance, coinciding with the appearance of clear overbought signals appearing, which may push the price to resume the main downward trend again, but we have chances to overcome the current resistance and then begin an upward correction in the immediate and short term. Therefore, the conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next direction, noting that the breach of 1.0625 will lead the price to conduct an upward correction, the first target of which is at 1.0655 and 1.0690, while breaking 1.0555 will put pressure on the price to decline again and head towards... About 1.0450 initially. The expect range trading for today it will be between the resistance line 1.0625 and support line 1.0550. Additionally ,Today News will affect the market . support line : 1.0550 , 1.0496 resistance line : 1.0616 , 1.0655 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
EUR/USD, DXY in focus for FOMC mins, PPI, Fed speakersWe have a busy claendar today for forex traders, with US producer prices data, FOMC minutes and several Fed members set to speak. Clearly this lineup has the potential for some larger moves on the US dollar, and that helps explain why the 1-day implied volatilty level for EUR/USD is nearly 200% of its 20-day average. What’s grabed our attention is that DXY has retraced for five days yet is holdig above the January high / September 29 low. And that this coicides with a euro rally that has paused beneath resistance, it suggests the USD may be nearing an inflection point. For EUR/USD to roll over form current levels, weak PPI data, dovish comments and minutes may be required. But traders should keep an eye on bond yields, because if they continue to fall it could further weigh on the US dollar and helpd EUR/USD braeak above the resitance cluster. However it plays out, bulsl and bears have clear levels to monitor for their setups.
by CityIndex
Euro Currency Forecast for the Upcoming WeekLast week, the Euro (EUR) fell below its yearly low 2023 for the first time in several months, and retrace back breaking through the bearish premium discount trend during the NFP news release. This suggests that a retracement may be imminent. As seasonal tendency also align that there is potential retracement in Euro and Dxy I am currently monitoring the 1.05024 how it going through trade below. However, I will exercise caution in the upcoming week and limit my trading to intra-scalping, avoiding any swing positions. I remain convinced that the EUR has room for further downside movement, particularly towards the monthly fair value gap at 1.03930. I am also closely monitoring the emergence of a bearish weekly fair gap, which could act as resistance. If it does indeed provide resistance, I anticipate a downward movement, especially if the weekly premium discount array holds. A significant break in the daily timeframe's market structure would be required for me to consider a bullish stance or switched my gear on the EUR. In summary: The EUR is expected to continue its downward trend in the upcoming week. Trading will be limited to intra-scalping to exercise caution. The EUR has room for further downside movement, particularly towards the monthly fair value gap at 1.03930. A bearish weekly fair gap could emerge and act as resistance. Long positions on the EUR will be avoided until a significant change in the daily timeframe's market structure is observed.
by Crypto_Byte9
EurUsd at crossroadsSince the recent top from mid-July, EurUsd dropped 800 pips, counting from top to bottom. Recently, the pair found support shy under 1.05 and today, we are already in the 5th consecutive green day. Looking at the chart we can see that the pair is at a crossroads at this moment and anything could happen. On one hand, the trend is still bearish and under important confluence resistance given by the falling trend line and the horizontal resistance from 1.0630 On the other hand, a break above this level should lead to a deeper correction towards 1.08 The best approach is to wait and see for either a break up, or a reversal candle from this level.
by Mihai_Iacob
18
EURUSD Long Term Buy 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
EURUSD - Short after filling the imbalance ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are still bearish, so I am looking for a short position. I want price to continue the retracement to take out buy side liquidity and to fill the imbalance higher, then to reject from bearish order block + institutional big figure 1.07000. Fundamental analysis: Upcoming week we have a lot of news on USD, on Wednesday will be released monthly PPI followed by FOMC Meeting and on Thursday monthly and yearly CPI. I expect we can see a decrease on CPI, which means strength of currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD