Eurusdtrade
EURUSD still below the 100-day EMA, 1.0585 in sightHello traders, in the daily chart, EUR/USD is now below the 100-day
exponential moving average level. In addition, the price has also reversed
from the top of the price channel.
A combination of these two factors may limit the upside in EUR/USD. So,
as long as price stays below the key 1.0750 level, the oulook is negative
for EURUSD.
My trading plan in EUR/USD is to sell the rallies as long as price stays below
the 1.0750 level. Initial target would be set at 1.0580.
EURUSD 4H : News will decide EURUSD
New forecast
The price of the EUR/USD pair rose up and breached the resistance 1.0716 level , and therefore, opportunities still exist to resume the expected downward trend in the intraday term, and the price needs to break the 1.0718 level to activate the negative impact of this pattern and then rush to exceed the pivotal support 1.0700 to open the way to Achieving additional negative targets up to 1.0661.
Therefore the downtrend scenario will be more likely as long as price trade under 1.0755 level , especially we have news today From here, we will continue to favor the downward trend for the coming period, keeping in mind that crossing the 1.0755 barrier will push the price to achieve an immediate rise .
The expect range trading for today it will be between the resistance line 1.0755 and support line 1.0661.
Additionally ,Today News will affect the market .
resistance line : 1.0747 , 1.0755
support line : 1.0718 , 1.0700
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EURUSD in a neutral patternThe EUR/USD pair is showing new positive trades to breach the descending triangle resistance and attempt to hold above it, which requires attention from upcoming trades, as consolidation above this level will lead the price to continue rising and mainly visit the 1.0742 level.
Now, we prefer to stay neutral until the price confirms its next destination by monitoring the 1.0699 level, noting that trading below it again will reactivate the negative scenario whose targets start at 1.0678 and extend to 1.0652 .
Pivot Price: 1.0695
Resistance prices: 1.0742 & 1.0767 & 1.0791
Support prices: 1.0678 & 1.0652& 1.0620
The general expected tendency for today: neutral
EURUSD with WillsonnnnHello guys, a good day!
Intraday bias in EUR/USD stays neutral at this point. On the downside, break of 1.0655 minor support, and sustained trading below 55 4H EMA (now at 1.0664), will argue that the rebound from 1.0447 has completed with three waves up to 1.0755. That came after rejection by 1.0764 cluster resistance (38.2% retracement of 1.1274 to 1.0447 at 1.0763). In this case, intraday bias will be turned back to the downside for 1.0447/0515 support zone. Nevertheless, strong bounce from current level, followed by decisive break of 1.0764, will bring stronger rally to 61.8% retracement at 1.0958 next.
EURUSD with WillsonnnnEUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles.
EURUSD → Next on the downside appears 1.0640FX:EURUSD trades in an inconclusive fashion below the 1.0700 mark at the beginning of the week.
If bears regain the initiative, they could initially drag the pair to the interim 55-day SMA, today at 1.0639. The loss of this region could open the door to a probable visit to the weekly low of 1.0495 (October 13) ahead of the 2023 bottom of 1.0448 (October 3).
In the meantime, while below the 200-day SMA at 1.0800, the pair’s outlook should remain negative.
EURUSD 4H losing momentumThe EUR/USD pair is currently testing the pivotal resistance 1.0695, and is still holding below it, coinciding with the Stochastic indicator reaching overbought areas, awaiting the resumption of the expected bearish trend for today, whose targets start at 1.0665 and extend to 1.0630 as the next stop after breaking the previous level. Remembering the importance of stability below 1.0695 for the expected decline to continue.
Pivot Price: 1.0695
Resistance prices: 1.0706 & 1.0731 & 1.0748
Support prices: 1.0665 & 1.0630 & 1.0599
The general trend expected for today: bearish
💡 EURUSD: Any opportunities for SellSellers in the EURUSD market have not managed to breach the 1.065 support level, indicating that the upward momentum could be a sign of a reversal, and there's a possibility of a return to a bullish structure. If you currently hold a buying position, you may consider maintaining it. Additionally, it might be worth contemplating adding to your position if the price surpasses the 1.0720 resistance level.
EURUSD 4H : Support further decline EURUSD
New forecast
The euro/dollar pair rose during the day to reach support at the 1.0700 level, showing some slight upward bias, waiting to encourage the price to resume negative trading and test the 1.0661 level initially, remembering that breaking this level will push the price to achieve negative targets starting at 1.0632 and extending to 1.0612. .
Therefore, the downward trend will remain effective, keeping in mind that breaching 1.0718 will lead the price to achieve additional gains before any new attempt to decline.
The expect range trading for today it will be between the resistance line 1.0718 and support line 1.0661.
Additionally ,Today News will affect the market .
resistance line : 1.0700 , 1.0718
support line : 1.0686 , 1.0661
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EURUSD-bearish outlook in daily chart EURUSD has started this month with positive pips because of the relative weakness of US dollar , historically November and December was bearish for the dollar. As comparing with euro dollar is performing well. EURUSD is struggling to get bullish momentum after breaking up the upper side of the trend line briefly reached 1.07500 and currently trading around 1.06880. Technically both 100,200 EMA making golden cross. Ichimoku cloud is still red and the price line is within the cloud. The downside target will be 1.05850.
EURUSD ANALYSIS AS PER WAVE THEORY AND DEMAND SUPPLY
We have a Wave 1 complete and Wave 2 is in formation as it's a retracement in Lower Degree.
6 Months Source Supply to Annual Destination Demand is the start and end points of the downtrend.
Monthly Supply to short till the Annual Demand.
ENJOY THE RIDE ! ! !
EURUSD SELL | Day Trading Analysis Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURUSD
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EURUSD → Next on the upside comes at 1.0756FX:EURUSD prints humble gains in the 1.0670/80 band at the end of the week.
In case the upward bias picks up extra pace, there is an initial barrier at the round level of 1.0700 ahead of the monthly top of 1.0756 (November 6).
In the meantime, while below the 200-day SMA at 1.0801, the pair’s outlook should remain negative.
EURUSD 4H : Waiting for stable under 1.0661EURUSD
New forecast
The Euro/Dollar pair is trading negatively, holding below it the resistance at 1.0686 to suggest a bearish trend during the coming period, and the goals begin with breaking 1.0661 and holding below it to open the way for a push towards the areas of 1.0612 and then 1.0582 as the next main stations.
Therefore, the downtrend scenario will be remain valid and effective , taking into account that failure to break 1.0661 will stop the negative scenario and lead the price to recover again.
The expect range trading for today it will be between the resistance line 1.0718 and support line 1.0661.
resistance line : 1.0700 , 1.0718
support line : 1.0661, 1.0632
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSDDespite the usual year-end cooling, the dollar's strength, underpinned by US macro performance and a hawkish stance from the Federal Reserve, is expected to continue. The dollar remains unaffected by the Treasury sell-off and rising long-term yield curve. High US interest rates and a disorganized rise in US yields are seen as factors that could further strengthen the dollar.
Factors that could lead to a weaker dollar include weaker US macro data, a slowing US economy or a recession in the euro zone. However, these potential weaknesses are not expected to result from a reassessment of China's or Europe's growth outlook. High US interest rates are likely to disrupt the financial sector, which will initially boost the dollar due to tighter dollar funding conditions.
EURUSD: Fed funds futures project rate cut in 2024, EUR/USD hitsRecent data indicates that the Federal Reserve Chairman Jerome Powell and the FOMC have noted a decrease in the anticipated reduction in federal funds rates for 2024. Forecasts were at 100 basis points (bps) last week, but this week they have decreased to 76 bps, which is in line with pre-Fed data.
The FOMC is continuing to oppose dovish pricing while attempting to maintain the possibility of a rate hike. In spite of these efforts, only 23% of experts now believe that interest rates will rise at the next meeting on January 31, 2024.
The EUR/USD currency rate dropped to its lowest point since the release of the most recent non-farm payrolls data in tandem with these market developments. Meanwhile, the US 2-year bond