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EURUSD tends to decrease when it encounters resistanceThe EURUSD appeared to be on firm footing on Monday after falling below the psychological barrier of 1.10 on Friday. However, the recovery is unlikely to last long as much weaker-than-expected German Ifo data and rising bearish momentum in the 1D timeframe are keeping the near-term trend under pressure. Additionally, last week's (1W timeframe) long upper shadow and the repeated failure of the weekly close to break above the 1.1000 threshold exacerbated the negative signals of the momentum. Currently, the price is holding above the 38.2% Fibonacci retracement of 1.0900 of the 1.0723 - 1.1009 uptrend line, which is expected to show a slight bullish bias, but more work on the upside (e.g., a close above 1.0950) would be needed to remove the downside threat; otherwise, a continuation of the bearish structure would be expected. It fell below the threshold of 1.0900 and the 20-day SMA (1.0875), which will likely lead to further declines after the completion of the reversal pattern and the double top. It is recommended to go short at the highs.
Short
by NicoTradingMaster
EURUSD: The dollar is weakening amid rising expectations for a r The dollar is currently volatile against most major currencies as market sentiment has been hit by expectations that the US Federal Reserve could start cutting interest rates. The exception remains the Japanese yen, which maintains its position against the dollar even after the Bank of Japan's decision to continue its expansionary monetary policy. Fed officials sought to manage market expectations after last week's Federal Open Market Committee meeting hinted at the possibility of a rate cut in 2024. This outlook has led to a rally in financial markets, with current expectations based on the CME FedWatch tool putting the probability of a rate cut at the March Fed meeting at 67.5%. Kyle Rodda, Senior Financial Markets Analyst at Capital.com, said the Fed now has to decide on countermeasures that could be consistent with market expectations or lead to market instability. said it is necessary to do so. Atlanta Fed President Rafael Bostic reiterated Tuesday that he expects two rate cuts in the second half of this year, but stressed there is no need to take immediate action. At the same time, Richmond Fed President Thomas Barkin noted that the central bank's ability to lower interest rates depends on economic development. The dollar index, which compares the greenback against a basket of other currencies, was little changed at 102.20, after earlier falling more than 0.3%. The index hit a four-month low of 101.76 last week. Rodda also said that upcoming economic data will be important in determining the dollar's direction, indicating whether the expected rate cuts next year are justified. Investors are currently awaiting the release of the Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred measure of inflation, which could provide insight into whether inflation has slowed enough to warrant easing. may be provided. Will politics start next year?
Short
by Chart_MasterPro
2
EUR/USD approaches minor support level, what now?Hello traders, hope you had a great weekend. Last Friday, we made some good profits of 100+ pips by selling EUR/USD at the 1.10 resistance level. Now, at the moment, the price is approaching a minor support. Whether the support level holds is another question. Price action tomorrow will be the determining factor. Although, as we approach the end of the year, volumes will continue to reduce as most of the big institutional traders will be on holiday. Of course, I would not open any new sells at the current price levels. However, in case EUR/USD spikes up to the resistance again, I will consider putting in new sell trades.
by YourLazyTrader
10
EURUSD H1 / Looking for a SHORT Trade, see why ... 📊Hello Traders! This is my perspective for EURUSD H1. At the moment, the Liquidity level was taken, next, we have a very important resistance level at the price of 1.09600, and also at the same level we can see an Order Block. In case of confirmation, I expect a bearish dominance until the price of 1.08100. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ______________________________________________________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
EURUSD Long Term Sell 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
EUR/USD Analysis Buy signal .Hello traders, Last week we saw the expected market movement which I had analyzed earlier and shared on my trading view profile. Moving on to next week I anticipate that the market will follow another market maker buy model. We have created the sell side of the curve in 1H , and we are going to hit a higher time frame price PD array, which is a dailyFVG. Therefore, I expect the buy program to kick in. However,I won't immediately jump into buying. Instead, I will wait for a shift in momentum in the LTF before planning to enter.
Long
by Anisbylka
1
Holding sells in EUR/USD, target 1.09 and 1.08, you sold too?Hello traders, if you look at the 4hour chart in EUR/USD , you will notice that price has pulled back after touching the resistance level. In my previous idea, I already sold after EURUSD touched the 1.1005 level. Currently a little over 50 Pips profit . However, looking at the price action, it seems EUR/USD can fall a lot more. If the bearish price action persists, I expect 1.09 and 1.08 levels to be in the picture over the next few days.
Short
by YourLazyTrader
2
EURUSD: EUR/USD holds steady at peak, awaiting PMI data.The main movement of EUR/USD this week was driven by statements expressing the views of the Fed and ECB with a strong increase from 1.0800 to the important resistance level of 1.1000 yesterday. This makes this currency pair face a rather interesting situation when Eurozone PMI data will be published this afternoon. Does the above data support the ECB's stance of "keeping interest rates higher for a long time"? Or will it pressure central banks to act faster next year? Additionally, another factor to consider is the Fed's ability to cut interest rates. The odds of a rate cut in March are currently around 80%, so there won't be much room left to exploit this story on the USD side. However, for the ECB, the rate of a cut in March is currently only 55%. Therefore, any change in this possibility will depend on upcoming data with PMI being reliable data in forecasting the economic outlook. Another factor to note: Today is the options expiration date for EUR/USD at 1.0950. This price level will help the pair be more stable in case any downward pressure occurs.
Short
by Chart_MasterPro