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Eurusdtrade

EURUSD is trending downEUR/USD rallied vigorously in November, but has started to retrace some of that advance in recent days, with bearish pressure easing as prices tested the 200-day simple moving average. It is important for bulls to defend this technical indicator, which currently symbolizes support; a failure to do so could result in a decline toward 1.0765, followed by 1.0650. On the flip side, if the common currency regains the upper hand against the greenback and stages a meaningful comeback, technical resistance looms at 1.0960 – the 61.8% Fibonacci retracement of the July/October decline. Sustained strength could lead to revisiting November's peak, followed by a move towards horizontal resistance at 1.1080 upon a breakout.
Short
by TinaTradingGold
💡 EURUSD: Prediction for December 1After being blocked around the 1.1000 resistance zone, the price fell sharply in the past session as expected. Currently, a three-candle bearish reversal pattern has appeared on the daily and it has also violated the uptrend line, the signals show. This signal shows the possibility that the price will continue to adjust. Temporarily suspend trading for now, you should wait for the opportunity to return with buy orders around the price range of 1,075.
Short
by Stone_Haven
10
EURUSD → Rejected!? Will the Price Fall to 1.06 or Rush to 1.12?EURUSD made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action. How do we trade this? 🤔 The conditions at this moment make it reasonable to short , but there is a caveat! It's very possible the price pulls back a bit to the resistance zone for another test before dropping. If you didn't short at the resistance zone, it's reasonable to wait for the price to crawl back up to the 1.09600 area to enter. Enter after another sell signal, then 1:2 risk ratio down to the bottom of the trading range around 1.05900. If the price breaks resistance, wait for it to confirm support on the resistance zone then look for a long entry off of a bull signal and confirmation bar. 💡 Trade Idea 💡 Short Entry: 1.09600 🟥 Stop Loss: 1.11450 ✅ Take Profit: 1.05900 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Trading Range after Bull Run, Bias to Long. 2. Rejection at the Resistance Zone, Reasonable to Short. 3. If Shorting, Watch EMAs for Support. 4. Look for a pullback to resistance before the price falls. 5. RSI at 57.00 below Moving Average, Bias to Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
Factors Contributing to the EUR's Decline Against the USDDear Esteemed TradingView Members, Environment In recent months, the Euro (EUR) has experienced a notable depreciation against the US Dollar (USD), reaching parity for the first time in two decades. This decline can be attributed to a confluence of factors, including: Economic Disparities: The ongoing economic challenges in Europe, particularly the energy crisis and the escalating war in Ukraine, have dampened investor confidence in the region's economic outlook. This has led to increased demand for the USD as a safe haven asset. Monetary Policy Divergence: The European Central Bank (ECB) has been cautious in raising interest rates to combat inflation, in contrast to the US Federal Reserve's more aggressive tightening cycle. This divergence in monetary policies has made the USD more attractive to yield-seeking investors. Technical Breakdown : The EURUSD pair has broken through significant technical support levels, signaling a potential shift in market sentiment. This technical breakdown has accelerated the EUR's downward trajectory. Political Uncertainties: Ongoing political uncertainties in Europe, such as the upcoming Italian elections and the potential for renewed tensions between Russia and the West, have further weighed on the EUR. These factors have collectively contributed to the EUR's recent decline against the USD. While the EUR's depreciation may pose challenges for European exporters, it could also benefit European tourism and make European goods more competitive in international markets. The future direction of the EURUSD pair will depend on the evolving economic landscape and monetary policy decisions in both the eurozone and the United States. Technicals The bottom chart shows strong bullish candle on DXY today. Furthermore, the EUR price was overbought compared to EMAs see the top chart, where price has been highly above all the visible EMAs, and the RSI printed a bearish cross on the middle pane. EUR could fall to at least an EMA20 retest, which is around the upper blue line. Persisting bearishness could find the next support at the bottom blue line. These blue lines are historic supports, which could stop or reverse bearish progress. Disclaimer: This is not investment advice. Conduct your own research. This publication explains only one aspect of my approach, not my comprehensive strategy. The idea focuses on observations around the price action; reading the indicator descriptions is recommended for understanding of the calculations. Kind regards, Ely
Short
by Elysian_Mind
2
EURUSD possible buy zone!Recently, there was an anticipation of a pullback or correction in the EURUSD currency pair. This correction was expected if the current peak reached the level of 1.10000. However, the US dollar strengthened without a deceptive upward movement, compelling its major rivals to retreat. Despite this, an overshoot is anticipated, likely leading to the subsequent (deeper) downward correction. Towards the end of this week, on Friday, significant economic data is set to be published. Special focus is on data from the United States, and, of course, the attention-grabbing speech by the head of the Federal Reserve.
Long
by ForexWizard01
1
EURUSD: Fed official: Interest rates will stay limited for a Interest rates are "estimated to be at their lowest level in 25 years," Williams told the New York Fed's Bretton Woods Committee meeting. "I think it is appropriate to maintain a hawkish stance for some time to fully restore balance and return inflation sustainably to our long-term target of 2%," he said. The Fed is expected to keep interest rates on hold at its next meeting, giving it time to assess the economy after raising rates sharply from near zero in March 2022 to over 5% in July. . At the same time, expectations are rising in the bond market that the Fed's tightening cycle will come to an abrupt end with its first rate cut in May. "There's not a lot of sleep deprivation" given market expectations, Williams said, adding that any rate cuts would depend on inflation and how the economy progresses. He expects inflation to continue falling toward the 2% goal, and expects the Fed's price index to fall more than 2% next year and reach the target by 2025. Government figures on Thursday showed the PCE index fell to 3% in October. "We have taken a limited stance and things are moving in the right direction. We can now assess whether we need to do anything more." Still, the New York Fed president said if price pressures persist longer than expected, "additional policy tightening may be necessary," and Williams, like his colleagues, believes the current political path is not sufficiently restrictive. He emphasized the need to continue monitoring the data to assess whether this is the case. . So far, fourth quarter data shows signs of a significant decline in economic activity. Data released Thursday showed U.S. consumer spending fell in October compared to the previous month as inflation continued to slow. Inflation-adjusted personal spending rose 0.2% last month and 0.3% in September, according to the U.S. Bureau of Economic Analysis. The report also noted that the core PCE price index increased by 0.2%. The index rose 3.5%, its lowest level since 2021. Although he expects economic growth to remain below trend next year, he is "quite positive." Economists generally expect growth to be around 2%.
Short
by Chart_MasterPro
The Dollar & EURUSD Are Pulling Back |Will It Last? Hi friends, the dollar index (DXY) and EURUSD are pulling back and into areas where we want to look for more trading opportunities. Since tomorrow is Friday, tomorrow's candlestick closure could be very telling about the price direction. This video shares my thoughts on the price movement on the indicie and currency pair. If you found this helpful please like and share this video. Disclaimer: This analysis is based on my eyes. Please stick to your own analysis.
TVC:DXY
by ShaquanLopez
Sniper Trading System12 AM indicated the Bullish set up. We know the market resets at 12 am. 1am the BUY engaged. The DXY is heavy Bearish. I heard the DXY will be falling for the next two years. When the DXY falls US Base pairs typically go up. We anticipate EURUSD to buy to the 1st and 2nd Standard Deviation before the drop. Heavy news today in New York session so we want to catch our pips in the London session before the sharks start swimming. Never over leverage. Trust your trade set up. Have a great trading day!
Long
by Master-Jedi-Trader
1
EUR/USD is trending downEUR/USD extended its advance on Tuesday, clearing Fibonacci resistance at 1.0960 and rising to its best mark in more than three months. If the pair holds onto recent gains and establishes a support base near 1.0960, there's a possibility of an upward push towards 1.1080 following a period of consolidation. Should bullish momentum persist, attention could turn to the 2023 highs near 1.1275. In case of a downward shift from current levels, it is imperative to closely monitor price action around 1.0960, bearing in mind that a breach of this technical zone could send the exchange rate towards 1.0840. On further weakness, we could witness a retreat towards the 200-day simple moving average, located slightly above confluence support near 1.0760.
Short
by TinaTradingGold
Morgan Stanley and BofA’s 2024 EUR/USD Predictions Morgan Stanely has released what they call their top trade for 2024, and it is the exact opposite of Bank of America’s call. Analysts at Morgan Stanley think selling EUR/USD around the current level of 1.10 is the trade to make next year, with a target for the pair reaching parity by the end of the first quarter of 2024. This outlook relies on sustained economic performance of the US. They also believe that technical recessions in the eurozone, Sweden, and the UK are expected to lead their respective central banks to initiate rate cuts in the second quarter of 2024. Selling Swedish krone (which has become a top ten traded currency recently) and the British pound might also be options for 2024 too, but this was not explicitly stated by the bank. On the other hand, Bank of America has suggested that shorting the USD is the trade to make, particularly against the Euro and South African Rand. BofA sees the potential falling interest rate in the eurozone increasing the attractiveness of euro-based stocks and other investments.
by BlackBull_Markets