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Eurusdshort

Monetary Policy Bonanza: Central Bank Decisions to WatchThis week, three of the world's most watched central banks are scheduled to announce their monetary policy decisions. The Federal Reserve will be the first to make its announcement on Wednesday at 2:00 pm, followed by the ECB on Thursday at 8:15 am, and the Bank of Japan later on Thursday at 11:00 pm (NY time). This convergence of central bank activities may lead to potential trading opportunities. The consensus among analysts is that the Federal Reserve will raise borrowing costs by 25 basis points, bringing the interest rate to 5.25%-5.50%. This rate hike is widely expected, so traders will be more focused on the policy outlook of the Bank. How hawkish or dovish the Bank's stance is perceived to be will likely influence the EUR/USD pair. Because inflation gauges in the US have eased recently, the Fed may hint at potential pauses in future rate hikes. About 18 hours later, the ECB is also anticipated to deliver a 25bps rate increase. Once again, traders will be closely watching the Bank's outlook. While there is a possibility that the ECB may hold back from committing to further tightening, the absence of similar inflation softening in the Euro Area as seen in the US makes this less likely. Looking at the EUR/USD chart, the pair has already slipped below a technical support level at 1.10700, and the psychological level of 1.10500 is now in clear view. Among the three central banks, traders believe that the Bank of Japan is the most likely to surprise the markets. There's speculation that the Bank may make adjustments to its yield curve control policy. If this scenario unfolds, the Japanese yen could attempt a comeback in the currency markets, reversing some of its previous losses against the US dollar and the euro.
by BlackBull_Markets
EurUSD short Swing Idea (updated)Key Resistance Level: This zone marked on chart historically acted as a significant resistance level in the EUR/USD pair. While the overall trend might be upwards, targeting a reversal from this resistance level can be a viable strategy. Price action near this level could trigger a bearish reversal or increased selling pressure. Overbought Conditions: Assessing the overbought conditions on technical indicators like the Relative Strength Index (RSI) can provide insights into potential reversals. If the RSI is in overbought territory (above 70), it suggests that the market may be due for a correction or reversal. Bearish Candlestick Patterns: Monitoring bearish candlestick patterns, such as shooting stars, bearish engulfing patterns, or evening stars, can provide additional confirmation of a potential reversal. These patterns indicate that selling pressure is increasing and a reversal could be imminent. Fibonacci Retracement: 61.8% Fibonacci levels often act as resistance during reversals and may present opportunities for short positions. Fundamental Analysis: Economic Data: Keeping an eye on economic data releases from both the Eurozone and the United States is essential. Positive economic indicators from the United States, such as strong GDP growth or better-than-expected employment figures, could strengthen the US dollar and potentially trigger a reversal in the EUR/USD pair. Central Bank Policy: Monitoring statements or actions by the European Central Bank (ECB) and the Federal Reserve (Fed) is crucial. Any indications of a shift towards tighter monetary policy by the Fed or looser policy by the ECB could influence market sentiment and potentially contribute to a reversal in the EUR/USD pair. Sentiment and Risk Appetite: Market sentiment and risk appetite play a significant role in currency movements. Any changes in global risk sentiment, driven by factors like geopolitical tensions or economic uncertainties, could lead to a shift towards safe-haven currencies such as the US dollar, potentially favoring a reversal in the EUR/USD pair. Conclusion: While the overall trend of the EUR/USD pair might be upwards, a short position from 1.12747 to 1.13420 can be considered as a potential reversal opportunity. Monitoring key resistance levels, overbought conditions, bearish candlestick patterns, and employing Fibonacci retracement levels can help identify potential entry points for a short position. Additionally, keeping an eye on economic data, central bank policies, and market sentiment is crucial for assessing the probability of a reversal. Remember to manage risk effectively and adjust your strategy if market conditions change.
Short
by realtrademaster
EURUSD (Euro/USD) currencies Shorting Chance Fundamental Analysis: Based on the fundamental analysis of EUR/USD, there are indications of a shorting bias. Here's a comprehensive analysis based on the provided information: The recent price action and market sentiment suggest a potential shorting opportunity for the EUR/USD currency pair. Last week, the pair experienced a significant rally, posting its largest one-week gain of 2023, driven by broad-based selling pressure on the US Dollar (USD). However, despite the recent uptrend, the pair remains technically overbought in the near term, implying a possible reversal may be on the horizon. One of the key factors contributing to the shorting bias is the negative shift in risk sentiment. Cautious market sentiment is evident at the beginning of the week, with the Euro Stoxx 50 Index down more than 0.5% and US stock index futures trading modestly lower. If safe-haven flows dominate the financial markets in the second half of the day, it could limit the upside potential of EUR/USD and support the shorting bias. Moreover, the European Central Bank (ECB) has signaled its intent to continue tightening its policy, as revealed in the accounts of the ECB's June policy meeting. This suggests that investors may be hesitant to bet on a steady pullback in EUR/USD, further supporting the shorting bias. In terms of price levels, the 1.1000 psychological level is a key area to monitor. A confirmed break below this level could potentially set up a run towards the 1.0800 level, which represents a two-year low. The widening yield differential between US Treasury bonds and Bunds, along with potential inflationary pressures in the Eurozone, may contribute to the downside pressure on EUR/USD. It's essential to consider that fundamental analysis provides insights into the market's underlying factors but does not guarantee specific price movements. It is crucial to combine fundamental analysis with technical analysis and risk management techniques to make informed trading decisions. Please note that the information provided is based on the current market conditions and is subject to change. It is always recommended to conduct further research and analysis before making any trading decisions. Technical Analysis: Based on technical analysis, there appears to be a shorting opportunity in the EUR/USD currency pair. Several indicators suggest a bearish bias, including bearish divergence between the price and the MACD (Moving Average Convergence Divergence) indicator, as well as confluences of Fibonacci levels indicating potential resistance in the golden zone. The target for this short trade is set at the 1.27% Fibonacci extension level. Firstly, bearish divergence is observed between the price and the MACD. This occurs when the price forms higher highs, indicating potential strength, while the MACD indicator forms lower highs, suggesting underlying weakness. This bearish divergence signals a possible reversal in the upward trend of the EUR/USD pair. Additionally, the presence of Fibonacci confluences in the golden zone adds further weight to the bearish bias. The golden zone typically represents a range between the 38.2% and 61.8% Fibonacci retracement levels. The confluence of multiple Fibonacci levels within this zone serves as a potential area of strong resistance, which strengthens the case for a shorting opportunity. In terms of trade execution, the target for this short trade is set at the 27% Fibonacci extension level. The Fibonacci extension levels are projected beyond the original price range and serve as potential price targets for the continuation of the downtrend. It is important to note that technical analysis is not infallible, and it is always prudent to incorporate risk management strategies and consider other fundamental factors before making trading decisions.
Short
by BitonGroup
Seizing Short-Term Selling Opportunity After Key Level Breakout?"We have broken out of the 1.11 level, with the price showing signs of being excessively overbought on the lower timeframes. As we approach the weekly swing high from 2022 at 1.118, we can anticipate a short-term retracement below 1.11. Therefore, I am currently seeking a short-term selling opportunity, watching for signals on my TRFX indicator above 1.115. My target for this trade is 1.106, which was previously a resistance level and is now expected to act as support. In the long term, there is a possibility of the price moving higher. However, considering the overbought conditions and the price nearing a weekly swing high, we can anticipate some short-term resistance. Once the signal is confirmed, I will place the stop loss above the 2022 swing high. As the trade progresses, I will adjust the stop loss to the entry price." Please note that trading decisions should be made based on thorough analysis and understanding of the market.
Short
by TheFxAce
13
EU - 11JulBe sure to see my previous post If you see it, you will understand that I see the trend as bullish But I said that every day is not going to be bullish to reach the buyside So, if we look at the daily chart, after the price has reached the high of the previous week and two weeks ago, it can have a short fall (to correct the price). Of course, there are still 6 hours left until the end of today's candle to make this FVG for us But I'm posting this to say don't be surprised if the price is bearish tomorrow
Short
by mohammadsamiei
#EURUSD. 🔴 M15. Short. (#EuroUSDollar). The Entry Price is higher than the Market Opening Price.(✔️) M15 imbalance on the potential of the H1 range. (✔️) Below the level of the First Seller of stock options. (⚠️) ps since the price is in search of a new range, we can try to sell from this reversal structure in order to pick up the corrective movement. But perhaps there will be a change of trend in this place. We'll see. According to my entry point, the first target has already worked out, and now the imbalance is retested. input: 1.10066 (on imbalance test) stop: 1.10322 tp-1: 1.09799 tp-2: 1.09276
Short
by TrEKone
1
EUR/USD Prediction on 10.07.2023The current market conditions reflect a bullish trend for the Euro (EUR) in the short-term. This means that for the next few weeks to months, the EUR is expected to appreciate in value against other currencies. Various factors are driving this momentum, such as positive economic data from the Eurozone, including improving GDP growth rates, low unemployment rates, and rising consumer and business confidence levels. Moreover, the European Central Bank (ECB) has maintained accommodative monetary policies which are boosting the liquidity in the economy and thereby supporting the EUR's strength. However, in contrast to the short-term bullish outlook, the long-term view for the Euro is bearish. Analysts project that over the next few years, the EUR will depreciate in value. There are a few reasons behind this longer-term bearish sentiment. Firstly, the structural issues within the Eurozone continue to pose a risk. High levels of public debt in some member countries, coupled with slow structural reforms, could weigh on the Euro's value. Additionally, the demographic challenges of an aging population in several key Eurozone economies may lead to lower economic growth rates in the future. Secondly, the ECB's long-term monetary policy stance could become less accommodative as the economy improves. This shift could include lowering the pace of asset purchases or raising interest rates, which may exert downward pressure on the Euro. Lastly, it's worth considering global factors. The expected strengthening of other major currencies, especially the US Dollar, due to their faster pace of economic recovery and potential interest rate hikes, could make the Euro less attractive, thus driving its value down. In summary, while the EUR shows bullish signs in the short term due to favorable economic conditions and monetary policy, long-term bearish factors including structural issues, possible changes in ECB policy, and stronger global currencies suggest a depreciation in its value. However, it's important to note that currency forecasting can be complex and unpredictable, and various unforeseen events or changes in circumstances can alter these expectations. As such, this analysis should be used as a guide and not a guarantee of future performance.
Short
by mazayafx