Some retracing in store? 🏪 EurusdAfter monstrous gains last week from EU bears, is the time up ? 🕓
0:0 Monthly timeframe
2:21 Weekly timeframe
5:28 Daily timeframe
7:00 4hr timeframe
10:27 1hr timeframe
There are a few scenarios that we can observe here for Eurusd this week .
1. Eurusd Pulls up prior to Interest rates ( Stays above 1.065 Daily support zone) and continues to retrace with Interest rates remaining the same or cut 25 points
2. Eurusd Pullback early in the week( 1.0706 & 1.0754) as we are currently observing which precedes a continuation to the downside (1.0608 & 1.055) with Interest rates as the catalyst
3. Eurusd rate increase and EURUSD bearish Continuation towards 1.055 Monthly/weekly support level
So price has continued to retrace EUR rate increase, PPI, and retail sales data from last thursday. Consumer sentiment on Friday was not great for USD and price retraced in favor of EUR as well. It's a sort of change of character as sellers ( USD Buyers) do not appear to be in control. Sometimes when you observe a short or medium term top or bottom formulate in the market, it begins with a blowoff push in the direction of the trend. This blowoff is great for those trading with the trend, but if those traders don't Take Profit they go into denial as price retraces and retraces against them. This move on thursday 9/14 is a 100 pips blowoff that may act as our catalyst for a short-medium term reversal in the market.
Eurusdoutlook
Eur/Usd (EURUSD) -> Trend ContinuationMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on EurUsd.
Since the beginning of 2008 EurUsd has been trading in a long term falling channel and just recently retested the upper resistance trendline of the channel.
In confluence with a retest of previous support, now turned resistance, and a retest of the 0.618 fibonacci retracement level, I do expect a trend resumption lower from here.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
EURUSD SHORT!Hey Guys!
Here we have the entry with the confirmation, so I explained my expectation in previous analysis,
So for now I expect to give us entry in the level we mentioned!
Take a proper risk management guys!
then wait for the final target which is bottom of the chart!
Let's go guys!
Any question you know how to reach me out!
@FxShzd
Time for a pullback in EUR/USD? 1.09 soon?Similar to GBP/USD, EUR/USD has been on a relentless downtrend
for the last few weeks. However, the price is at a very interesting level now.
With FOMC event coming up, let us analyze and see if there is a chance
for the bulls.
📌EUR/USD is currently around the key level at 1.0640. Price has in fact,
shown a small bounce from this key level.
📌If the support level at 1.0640 holds, I expect EUR/USD to go further
towards 1.0857 and 1.09.
📌 Traders can consider buying EUR/USD@1.0640-1.0660 with SL below
1.06 and initial TP at 1.0850 . The buy trade should be placed only
if the key level at 1.0640 remains unbroken .
"EURUSD Set to Rise: Support Holds Strong"#EURUSD expected to rise in the coming days the price is clearly reached the support which was around 1.06330, afterwards we can see that the market found a momentum and pushed up and considering the weak ascending broadening wedge pattern in 30M TF it looks week to push it back down. The price is expected to rise towards the trending line (@1.07614-1.08260)
🔥EURUSD BUY ( 1.06900 - 1.06500)
🟢TP1- 1.07200
🟢TP2- 1.07500
🟢TP3- 1.08000
🔴SL- 1.06180
EURUSD Analysis 18Sep2023Eurusd is still in the trend bearish. If you look at the formation of the bearish channel and the price responds positively to the trendline area and is currently corrected, there are two obstacles to return bullish, namely trendline that must be penetrated and minor high that can also be passed.
#EURUSD in correction phase--------SHORT TERMS CORRECTION---------
Although I am not bullish on EURUSD yet but it needs to correct until FED interest rate decision on Wednesday. I see clear path to the North now. But be aware of FOMC press release after the interest rate decision! New low is possible, I don't see any evidence of reversal.
EURUSD Long Term Buy Trading IdeaHello Traders
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EURUSD: Downtrend!EUR/USD languishes near six-month low, looks vulnerable below mid-1.0600
EUR/USD vulnerable after decisive break below 1.0700, resuming downtrend. A daily close below 1.0650 suggests the pair remains vulnerable to further losses as it looks for the following support to emerge at 1.0625 and then 1.0595. A rally above 1.0830 will change the current outlook to neutral.
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.
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.
EURUSD 4H Generally the direction is downtrend EURUSD
Analyze
Generally, the direction is a downtrend and now the price is under sell pressure to reach 1.0733 and 1.0705 if can stable under 1.0733 then we will see more bearish
but if can stabilize under 1.0733 then the price will rise up and try to reach 1.0760 , 1.0790 , 1.0838
Support line: 1.0705, 1.0676 , 1.0639
resistance line: 1.0760 , 1.0790, 1.0838
EURUSD Analysis 14Sep2023The prices are moving towards the base area, aligning with last week's analysis of EURUSD. Dxy's movements suggest that it may weaken soon, and currently, Eurusd is approaching the base area. This could indicate a potential reversal in the near future, although there is also a chance of a fake-out before the reversal occurs.
EURUSDEURUSD is currently undergoing a retracement, approaching my initial entry point, which presents an opportune moment for a potential re-entry. Upon the completion of this retracement, I anticipate a continued downward trajectory for EURUSD, potentially leading to the establishment of a new lower low.
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.
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.
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.
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.
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)
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.
EURUSD Longterm UptrendNew Forecast EURUSD W
The performance of the EURUSD in the long term has an uptrend to reach 1.1435 but staying at the uptrend zone shouldn't break the breakout zone
because breaking this zone 1.0680 and 1.0409 will support falling till 0.9700
So the tendency is an uptrend as you see in the chart
Weekly timeframe