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Eurusdoutlook

EUR/USD best level to buy + 267 PipsDear traders, after the bearish move for the last 1 month, EURUSD appears to be consolidating. A minor support at 1.0660 has been created and EURUSD is currently consolidating in a small range. However, since price has fallen below the 100-day EMA, bulls need to be a little careful . That being said, 1.0660 appears to be a good point to buy if price doesn't breach this level. So, traders can consider going long in EURUSD@1.0660 with SL below 1.06 and initial TP at 1.08 . Long-term traders can keep their final TPs at 1.11.
by YourLazyTrader
22
EURUSD: Tumultuous week!Overview of the market On Tuesday, the EUR/USD experienced a slight increase of fewer than 30 pips. However, this was enough to make it the Euro's best day in over a week. The pair's rebound was due to a decline in the US dollar against European currencies and the yen, after hitting two-month lows at 1.0670. In Spain, data indicated a decline of 0.2% in the Harmonized Index of Consumer Prices in May, causing an annual rate fall from 3.8% to 2.9%, which was larger than expected. Although this news was positive for the European Central Bank (ECB), it could have negative implications for the common currency. Inflation data from Germany and France is due on Wednesday, which could ease tightening expectations from the ECB if preliminary May estimates also show significant declines in their annual rates.
Short
by Sphyn-Trader
1
EurUsd could drop to 1.05On Friday's EurUsd market commentary, I've written that the 1.0750-1.0760 zone is strong resistance for the pair and a break above could lead to gains towards 1.0850 and to a change of medium-term downtrend. The pair, indeed reversed from that zone, but what should have been a correction is looking more and more that a resumption of the move started in mid-April. Technically also a bearish move is more likely with this reversal from the 1.0750 zone, a zone that acted as support of resistance in the last year and also as strong support back in 2020. Also, with the price under both 50 MA and 100 MA, a bearish move is more likely. In conclusion, as long as 1.08 is intact, I'm looking to sell rallies.
Short
by Mihai_Iacob
16
Weekly Trade Planning Session Welcome to this week's Trade Planning Session! In this video, I examined the cumulative CSI (Currency Strength Index) of this past week and compared it to the previous weeks' cumulative CSI. Based on this evaluation, we have identified the GBPUSD, AUDUSD, and CADJPY as potential buy pairs, while the EURAUD, EURCAD, EURGBP, and EURUSD are potential sell pairs for the upcoming week starting on June 4th, 2023. Utilizing the 4 Bar Rules, we have determined specific buy and sell points for each pair. These points will serve as reference for making informed trading decisions throughout the week. We hope you find this session informative and enjoyable as you navigate the exciting world of trading! Have a blessed trading week.
by Charts247TradingAcademy
EURUSD Daily OutlookEURUSD pared some of its gains after a minor pullback. Markets eye the US House of Representatives vote on the US debt deal for further direction. It hits an intraday low of 1.06621 and is currently trading around 1.06604. Major economic data for the day German CPI FOMC Member Harker Speech (4:30 pm GMT) US JOLTS job openings (2:00 pm GMT) According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in June increased to 63% from 36.40% a week ago. The US 10-year yield pared some of its gains due to profit booking. The US 10 and 2-year spread narrowed to -78% from -108%. The pair trades below short-term 21 EMA, 55 EMA, and long-term (200-EMA) in the 4-hour chart. Any indicative break below 1.0660 confirms intraday bearishness; a dip to 1.0600/1.0600 is possible. The near-term resistance is around 1.0760. The breach above targets 1.0800/1.0865/1.0900. Indicator (4-hour chart) CCI – Bearish Directional movement index – Bearish It is good to sell on rallies around 1.0700 with SL around 1.0750 for a TP of 1.0600.
Short
by Mr-Madridi
EURUSD: Anticipating Non-farm!EUR/USD advances toward 1.0750 amid US debt deal optimism Fundamental technical analysis: The Relative Strength Index (RSI) continues to be present in the middle. The average price is still declining, with the 34 EMA and 89 EMA staying steady, creating a consistent downtrend over a period of time. Additionally, the flag pattern has begun to take shape. Market overview: On Friday, EUR/USD started to rise after a four-day decline that resulted in the pair reaching its lowest level in over two months near 1.0700. The near-term technical outlook does not yet show a bullish inclination in the short term, and the next directional move may be influenced by the Personal Consumption Expenditures (PCE) Price Index data from the US later in the day. The US Dollar (USD) was boosted on Thursday by positive macroeconomic data releases from the US, which revived expectations for one more Federal Reserve (Fed) rate increase in June. The US Bureau of Economic Analysis revised the first-quarter annualized Gross Domestic Product growth to 1.3% from 1.15 in the initial estimate, and the weekly Initial Jobless Claims came in below the market expectation of 245,000 at 229,000.
Short
by Sphyn-Trader
7
EURUSD Long Term Selling Idea Hello Traders In This Chart EURUSD HOURLY Forex Forecast By World of Forex today GBPCAD 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 Video 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
EURUSD 28May2023still in accordance with last week's analysis, prices will continue to fall in the SnD area. there is a possibility that the price will continue to fall closer to wave 2 as an invalid area. the invalid area here serves as a barrier to analysis, that the main trend analysis is bullish, while the current bearish trend is a correction of the bullish trend. when the price is in the SnD area you can wait for an opportunity to go long, but if the price continues to fall, then it's better to wait back near the invalid area to go long.
by Hokusai_FX
EURUSD: Clings to multi-day low!Hello traders, some information to help you trade better is here. The EUR/USD experienced a consecutive drop, resulting in the lowest daily close in two months, due to the US Dollar's increasing strength. The Greenback was supported by higher Treasury yields and risk aversion. Any recovery seen during the European session was short-lived, and the pair returned to trading near 1.0750. Economic data released on Wednesday revealed that the German IFO Business Climate Index dropped slightly to 91.7 in May from 93.4 in April (revised from 93.6), contrary to the market expectation of 93. However, this report did not have any impact on the Euro. On Thursday, a new estimate of Q1 GDP will be released by Germany, which is expected to remain at 0%. According to the FOMC minutes, officials had differing opinions on the future of interest rates. Some members believed that more rate hikes were necessary, while others argued against further policy tightening. Overall, there was uncertainty about the appropriate amount of policy tightening. The US Dollar experienced a slight weakening after the minutes, but still maintained most of its daily gains. Market sentiment deteriorated further amid a gloomy growth outlook and the debt-ceiling drama. Negotiations continue in Washington but no deal yet. On Thursday, economic reports due in the US include Jobless Claims.
Short
by Sphyn-Trader
1