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EURUSD: European stock futures higher; BOE decisionThursday is expected to see a stronger opening for European stock markets after Wall Street saw a big increase on mounting expectations that the Federal Reserve has finished raising interest rates. After the US Federal Reserve's most recent policy-setting meeting, investors grew more confident that the next move in US interest rates would be a decrease rather than an increase. European stocks are predicted to carry on the strong momentum on Wall Street overnight, with the Nasdaq Composite up 1.6%. As was largely anticipated, the Fed held interest rates constant on Wednesday. Chairman Jerome Powell did not explicitly commit to the concept of another rate hike, however, in his remarks. Back in Europe, it was the turn of the Bank of England to make its most recent monetary policy announcement at
Short
by TrategySherpa
1
EURUSD 4H : New forecast EURUSD New forecast The decline of the euro/dollar pair stopped at the level of 1.0545, rebounded upward, and begins the day with an additional rise to trade above the support of the ascending channel again, facing a conflict between technical factors that makes us prefer to stay neutral until we get a clearer signal for the next direction. We point out that continuing the rise and breaching 1.0632 will lead the price to conduct an upward correction that mainly targets testing the 1.0660 areas, while failing to break the 1.0632 resistance, the price will return to testing the 1.0545 channel support. The expect range trading for today it will be between the resistance line 1.0632 and support line 1.0540. Additionally ,Today News will affect the market . resistance line : 1.0612 , 1.0632 support line : 1.0562 , 1.0540 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
by Arazmajeed
2
💡 EURUSD: The buyers are dominatingOnce the sellers retested the 1.07 region, the bearish momentum lost its strength and failed to push the price beneath the support zone at 1.05. The prominent long lower shadow observed in the latest session indicates a robust upward pressure on prices, hinting at the resilience of the 1.05 level against a potential breach. Our current approach remains focused on purchasing based on prior reversal signals. For those already holding positions, it is advisable to maintain them. We will only consider abandoning this strategy if the price falls below the range of 1.0530 to 1.0510, which serves as the target for traders. The buy position is still centered around 1.0540.
Long
by Stone_Haven
EURUSD: The USD increased before the Fed's decision, EURUSD...EUR/USD fell 0.1% to 1.0562, after data showed prices rose just 2.9% in the euro zone in October, the slowest pace since July 2021. ECB policymaker Joachim Nagel said on Tuesday that the European Central Bank must keep interest rates high enough for long enough as inflation in the euro zone has not been overcome despite a significant decline. told in the past year. However, this data leads to the perception that the ECB has completed its tightening and the euro could weaken further if Fed Chairman Powell is seen to take a hawkish stance at the end of the session.
Long
by TrategySherpa
EURUSD wait for a bearish breakdown...EURUSD The price made a bearish breakout of the contracting structure, the price is currently at the support area, if price manages to break below the support area If price stays below support/resistance structure I expect the price to move lower.. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Short
by Stargazer_fx
18
EURUSD BUY AND SELL POSSIBILITIESHi guys, This time I'll be covering EURUSD. SO currently price has tapped into our supply area which is around 1.0674-1.0694 and is selling off. Should selling continue I would expect the price to decline to 1.0623 which is the broken resistance level. Then below our support level we have a demand area which has been tested once and it could be worth trying it for the second time. So make sure you have these two levels under observation and take appropriate action upon price reaching there. Be honorable
by AliHassanzadeh
EURUSD 4H : Interest rate will decide EURUSD New forecast The EUR/USD pair is trading around support for the ascending corrective channel at 1.0540 , and trying to break it . because Breaking it will lead the price to head towards achieving further expected declines during the coming period, targeting visiting the 1.0496 level as the next aim. Therefore the downward trend scenario will be remain for the coming period supported by Moving average 50 supports the continuation of the suggested downward trend, taking into account that breaching 1.0632 and holding above it will lead the price to return to the upward path. so the main condition to be continue at the bearish trend is stability under 1.0540 and then our target will be activate . The expect range trading for today it will be between the resistance line 1.0590 and support line 1.0496. Additionally ,Today News will affect the market . resistance line : 1.0562 , 1.0590 support line : 1.0540 , 1.0496 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
2
EURUSD Technical Analysis And Trade IdeaIn this video, we provide a comprehensive analysis of the EURUSD currency pair, with a particular focus on the current bearish sentiment in higher timeframes. Throughout this presentation, we explore fundamental aspects of technical analysis, covering elements such as the ongoing trend, price movement dynamics, market structure, and other essential components of technical analysis. As we progress in the video, we closely examine a potential trading opportunity. It's essential to highlight that the information presented in this content is purely for educational purposes and should not be construed as financial advice. Engaging in foreign exchange market trading involves a significant level of risk. Therefore, it's vital to thoughtfully incorporate risk management strategies into your trading plan.
Short
by fxtraderanthony
EURUSD: European stock futures edged higherTuesday's opening of European stock markets is anticipated to be higher as investors digest more corporate earnings in advance of the publication of significant growth and inflation data in the area, overshadowing China's dismal activity statistics. While consumer prices are predicted to rise 3.1% annually in October, down from 4.3% the previous month, the gross domestic product is only likely to grow by 0.2% annually in the third quarter, down from 0.5% growth in the previous quarter.
Short
by TrategySherpa
A down wave before a rise? Or now the bull marketGreetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck!
Long
by mehdi47abbasi79
2
EURUSD 4H : Confirm the bullish trend EURUSD New forecast The price of EUR/USD pair confirm the breach the resistance zone at 1.0632 which leads to rise up during coming period and targeting 1.0660 as a next positive station and breach the mentioned level will extend to 1.0686. Therefore the uptrend scenario will be remain valid and affective supported by moving average 50 that is continues to support the price at the bullish waves , taking into account that stabilized below 1.0612 will forces the price to present the negative trades ,so it is possible to retest to support zone and then rise up. The expect range trading for today it will be between the resistance line 1.0660 and support line 1.0612. Additionally ,Today News will affect the market . resistance line : 1.0660 , 1.0686 support line : 1.0632 , 1.0612 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Long
by Arazmajeed
2
💡 EURUSD: Potential Resistance areaThe EURUSD is nearing the initial resistance level at 1.0630, with a subsequent resistance at 1.0660. If these levels are breached, there's a strong possibility of an upward price trend encountering further resistance zones. For today, keep a close eye on the resistance at 1.0630 and potentially 1.0660 if the price retraces. If a selling signal materializes at either of these levels, it may be a suitable opportunity to initiate a sell position. In the event of a significant price surge, we will adopt a wait-and-see approach to evaluate the market's structural conditions before making any further calculations.
Long
by Stone_Haven