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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
EU - Weekly Timeframe Analysis Contrary to GBPUSD, EURUSD ended last week with a very bearish candle, couple with relative equal lows. A point of interest for me at the moment is the Weekly iFVG residing above to be used as resistance, especially if price does not break the nearest Weekly Lows to the left with any conviction. Based on my bullishness on DXY, I see EURUSD digging deeper towards Sellside. Also compared to GBPUSD's Commitment of Traders report, EURUSD had a significant decrease in large spec long positions. EURGBP should be quite explosive soon.
Short
by Road_2_Funded
EURUSD 4-Hour Chart Analysis possible pull-backExamining the 4-hour chart of EURUSD, we observe that the price has reached our anticipated level of 1.07080. At this point, there is an 88.6% Fibonacci retracement of the May-July rally. Furthermore, the Relative Strength Index (RSI) for the current pair indicates oversold conditions, suggesting that EURUSD might be poised for a defensive rebound towards levels around 1.08050 to 1.08350. However, it's important to note that from this rebound zone, there is a potential for the price to resume its downward movement, targeting the May 31st low of 1.06300. We anticipate the possibility of the price falling below this level, which could pave the way for a move towards the March 15th low of 1.05200. This latter level serves as our initial target for mid-term short positions. Please remember that trading carries inherent risks, and market conditions can change swiftly. This analysis is for informational purposes only and should not be considered as financial advice. Always exercise prudent risk management and consider various factors when making trading decisions.
Long
by Coder775
1
EURUSD: Overwhelmed by the USDThe ECB meets later in the session, with policymakers having to decide whether to raise its key interest rate to a record level, or pause its lengthy rate-hiking cycle as the eurozone’s economy deteriorates. The central bank has raised rates at each of its past nine meetings and another increase of 25 basis points would lift the key deposit rate to 4%, the highest level since the euro was launched in 1999. ECB President Christine Lagarde hinted at a pause this month at her press conference following the last meeting in late July, but Reuters reported on Tuesday that the central bank was set to raise its forecast for inflation next year to more than 3%, seemingly increasing the chances of a hike. “We expect a very heated debate with a close outcome. While there are good arguments to justify both a pause and another rate hike, we are sticking to our view that the ECB will hike rates one final time,” said analysts at ING, in a note.
Short
by SoulChampion
1
EURUSD: What to know in markets on Thursday!- EUR/USD is holding on to recovery gains near 1.0750 as the US Dollar (USD) remains behind according to mixed US Consumer Price Index (CPI) data. - The annual measure of US inflation rose 3.7% in August, compared with an expected 3.6% increase. CPI rose 0.6% in August, the biggest monthly increase of 2023 and in line with market estimates. Core CPI rose 0.3% and 4.3%, respectively, compared with estimates of 0.2% and 4.3%. - US S&P 500 futures boost market optimism, as US data underpins Federal Reserve (Fed) pause bets. - The yield on the benchmark 10-year US Treasury note fell to 3.21%. - On Tuesday, Germany's ZEW Economic Sentiment improved to -11.4 in September. However, the index measuring current conditions hit a three-year low at -79.4. "Financial market experts are even more pessimistic about the current economic situation in Germany than in August 2023," the ZEW Institute said. - The ECB event will be decisive for the short-term direction of the EUR/USD pair, as the focus turns to the Fed's policy announcements next week.
Long
by Sphyn-Trader
4
EURUSD: ECB detects leaked reportEUR/USD retreated moderately on Tuesday. It jumped to 1.0769, its highest in a week during the Asian session, but then reversed course, holding above 1.0700. Markets await US consumer inflation data and the European Central Bank meeting. Data released on Tuesday showed a mixed survey by Germany's ZEW. The current conditions index weakened further to -79.4 (lowest since August 2020) down from -71.3, while the Expected index reached -11.4, above the -15.0 forecast. The report provides more signals about a potential recession in Germany and the Eurozone. These factors weigh on expectations of an interest rate hike by the European Central Bank.
Short
by Sphyn-Trader
6
Anticipating the next Move 🚤 EurusdAnticipate the next move beginning with a Top-Down Analysis followed by looking through the lens of price action. 0:0 Monthly timeframe 1:10 Weekly timeframe 2:35 Daily timeframe 6:36 4hr timeframe 8:30 1hr timeframe 11:20 upcoming news We have alot of rejections at 1.07 Weekly support level beginning from last tuesday. This weekly support level is also a Monthly support level. The Daily timeframe flipped to bullish market strucutre on Monday and still maintains that stance. Though, one could argue that we are simply ranging now. We have higher lows and Higher highs on the 1hr/4hr timeframes. CPI inflation data today pulled price back down to retest the weekly support level once more at 1.07. To be exact it touched into 1.071 but I still count that. Yesterday and especially today price respected what was our previous resistance zone 1.0727 but has now turned into a daily support zone. CPI increased for the second consecutive month and we are moving away from the Fed's target of 2%. That is good for the USD and the higher timeframe momentum favors USD. Given this, we are at a key level on the monthly and weekly timeframes. Volatility has decreased ever since we tapped into the key level's. Also, these fundamental releases act as a short term reversal for the market.. another confluence. Really in trading it's about combining multiple confluences to increase the probabilities for a trade idea.
Long
by ShrewdCatfx
Martin 13-9 EURUSD Short1. Wat zie ik? Dat liquiditeit nog niet helemaal uitgenomen is, en verwacht dat de prijs nog gaat zakken tot in elk geval 1.06380. Vanaf daar wellicht een long positie. Nu nog bearish. 2. Waarom neem ik de trade? Omdat ik verwacht dat er eerst nog meer liquiditeit uitgenomen moet worden. Vanaf 18 Juli 2023 komen we uit een Supply Zone, nu moet deze Demand zone nog goed uitgenomen worden. 3.Wat zijn mijn targets. Een entry in de New York Sessie om 16.00(midden sessie), want tot het midden stijgt de prijs vaak mooi, daarna sell off. Stoploss nader te bepalen nog. TP1: 1.06696 (midden van demand zone en wicks target) TP2: 1.06380(wicks onderaan demand zone target)
Short
by ProdemoNL
Seen this Story before ... 🔖Following price action versus what you think price action will do are two completely different concepts. 0:0 Monthy timeframe 0;47 Weekly timeframe 1:52 Daily timeframe 3:52 4hr timeframe 5:46 1hr timeframe 6;40 Bias for upcoming Understanding these concepts to their core has cost me. I have benefited though from reflecting on the outcomes of these two concepts. Price action will often times clue you on what will happen next. To listen to the price will take time and because you will be inclined to impose your beliefs on the market and invest your energy into solving, well, the wrong problems. Observing where candles close and understanding the nature of volume surrounding 1hr and 4hr candle closures is very important. These concepts make up the core of intra-day trading in the forex market. With that said, I am anticipating a bit of a retrace towards our previous daily resistance zone that may facilitate more longs. Our previous daily resistance was 1.0726 and it can now be characterized as Daily support since market structure flipped on the daily timeframe to bullish.
Long
by ShrewdCatfx
2
EURUSD: Investors wait for CPIThe EUR/USD currency pair experienced a slight recovery after reaching a new low below 1.0700 on Thursday. Although the bearish bias of the pair remains, there is potential for support due to profit-taking and an improved risk sentiment leading up to the weekend. On Thursday, the US Dollar continued to strengthen against its counterparts following positive weekly data. The number of initial applications for unemployment benefits decreased to 216,000 in the week ending September 2 from 229,000. Additionally, Unit Labor Costs for the second quarter were revised higher from 1.6% to +2.2% in the Bureau of Labor Statistics' initial estimate.
Short
by Sphyn-Trader
9
When the Price Action speaks, Listen! 🔉😼Price reacted off of 1.07 Weekly support level for 2 days before punching through it with New York session Open today boosted by positive USD unemployment data. 0:0 Monthly timeframe 2:21 Weekly timeframe 5:29 Daily timeframe 9:25 4hr timeframe 11:06 1hr timeframe Price printed a Daily bearish candle today and tapped into Extreme Daily Lows at 1.0688 Daily support zone. It is extreme daily support zone because price bounced 590 Pips off this area last time price was here. The Daily bearish candle today closed above the Extreme Daily lows. Yes the weekly candle is bearish at the moment, but I would not be surprised to see the Weekly candle pullback, and create a larger bottom wick to end the week. Calling the low has a good Risk/Reward and some people are good at spotting mean reversion trades. Be flexible because if the market continues to trend lower, we want to capitalize on that momentum. Interestingly enough, I'm looking forward to this mean reversion trade because of the News catalyst Unemployment Data. News releases can also provide the catalyst for a short term bottom and top in the markets. A good example of this was on June 27th earlier this year. After the news, a short term top was formed and price pulled back 100 pips. Anticipating something similar here.
Long
by ShrewdCatfx
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
by ForexPlanet20
EURUSD Pair Breaks Out of the Ascending Channel Weekly Analysis of #EURUSD, Monday, September 10, 2023 In the weekly chart of #EURUSD, the price has broken out of the #ascending channel and crossed below the 50-day moving average. Consequently, the market structure appears bearish or corrective. In the current week's trading, if selling pressure continues and the $1.07 rate is breached, the #EURUSD pair could initially move towards the minor support at $1.0635. If the #downward momentum persists, the next target for #EURUSD will be the support range of $1.0530 to $1.0481. So based on this analysis I suggests a bearish or corrective outlook for EURUSD.
Short
by POUSHEINI
2