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Eurusdtradeidea

EURUSD: Anticipating Non-farm!EUR/USD advances toward 1.0750 amid US debt deal optimism Fundamental technical analysis: The Relative Strength Index (RSI) continues to be present in the middle. The average price is still declining, with the 34 EMA and 89 EMA staying steady, creating a consistent downtrend over a period of time. Additionally, the flag pattern has begun to take shape. Market overview: On Friday, EUR/USD started to rise after a four-day decline that resulted in the pair reaching its lowest level in over two months near 1.0700. The near-term technical outlook does not yet show a bullish inclination in the short term, and the next directional move may be influenced by the Personal Consumption Expenditures (PCE) Price Index data from the US later in the day. The US Dollar (USD) was boosted on Thursday by positive macroeconomic data releases from the US, which revived expectations for one more Federal Reserve (Fed) rate increase in June. The US Bureau of Economic Analysis revised the first-quarter annualized Gross Domestic Product growth to 1.3% from 1.15 in the initial estimate, and the weekly Initial Jobless Claims came in below the market expectation of 245,000 at 229,000.
Short
by Sphyn-Trader
7
EURUSD 28May2023still in accordance with last week's analysis, prices will continue to fall in the SnD area. there is a possibility that the price will continue to fall closer to wave 2 as an invalid area. the invalid area here serves as a barrier to analysis, that the main trend analysis is bullish, while the current bearish trend is a correction of the bullish trend. when the price is in the SnD area you can wait for an opportunity to go long, but if the price continues to fall, then it's better to wait back near the invalid area to go long.
by Hokusai_FX
EURUSD The Potential price movement while we get close to X DATEThe market is currently going through a period of uncertainty. The market is very optimist about the Debt Ceiling agreement. This is definitely going to be a Catalyst this week and half of the following week. If the agreement is seal we could see a strong dollar. This trading idea is based on what is the price doing in Daily time frame. Also taking into consideration the Catalyst. In Daily time frame we have a price trending down. The price already stablished the last Lower High with a three-formation candle. The Price already gave us a nice move to the downside. The next point of entry could be at the price inefficiency of the third candle of the three-formation candle. Which is the zone that is presented in this trading idea. The 1st take profit is based on important level of liquidity. The 2nd take profit is based on -.272 fib level and the 3rd take profit is based on important level of liquidity that is in confluence with the -.618 fib level. It is important to know that the market will be very sensitive with any important update about the debt ceiling.
Short
by Wiiso
2
EURUSD: Clings to multi-day low!Hello traders, some information to help you trade better is here. The EUR/USD experienced a consecutive drop, resulting in the lowest daily close in two months, due to the US Dollar's increasing strength. The Greenback was supported by higher Treasury yields and risk aversion. Any recovery seen during the European session was short-lived, and the pair returned to trading near 1.0750. Economic data released on Wednesday revealed that the German IFO Business Climate Index dropped slightly to 91.7 in May from 93.4 in April (revised from 93.6), contrary to the market expectation of 93. However, this report did not have any impact on the Euro. On Thursday, a new estimate of Q1 GDP will be released by Germany, which is expected to remain at 0%. According to the FOMC minutes, officials had differing opinions on the future of interest rates. Some members believed that more rate hikes were necessary, while others argued against further policy tightening. Overall, there was uncertainty about the appropriate amount of policy tightening. The US Dollar experienced a slight weakening after the minutes, but still maintained most of its daily gains. Market sentiment deteriorated further amid a gloomy growth outlook and the debt-ceiling drama. Negotiations continue in Washington but no deal yet. On Thursday, economic reports due in the US include Jobless Claims.
Short
by Sphyn-Trader
1
EURUSD: The return and new position of EUREUR/USD dribbles below 1.0800 amid lackluster US debt ceiling talks, focus on ECB’s Lagarde, Fed Minutes The EUR/USD pair resumed its downward trend after a brief recovery, touching last week's low near 1.0760. The US dollar is performing better than the Euro, leading to a bearish bias for the pair. Despite optimistic statements from the European Central Bank (ECB), weak data from the Eurozone has failed to boost the common currency. Preliminary PMIs from May showed a decrease in the Manufacturing index, while the Service index managed to stay above market consensus. Inflation indicators improved slightly, but the Services sector's inflation rose, which is something that ECB officials have recently addressed. Germany's Manufacturing Index fell to a 36-month low, whereas the Service Index unexpectedly rose to its highest level in 21 months. Plan trade in the intro
Long
by Sphyn-Trader
1
EURUSD: Russia is going to get rid of the Euros in their wealth.Russia announced that they were going to remove euros from their National Wealth Fund… This is not good news for euros folks… The Russians held over $11 Billion in euros… Hopefully, they will go about this in an organized and slow manner as to not move the markets wildly… But taking into consideration how much damage the European Union has done to the Russian economy, with their sanctions, could you blame the Russians if they decided to unload all euros on the markets and let them take their punishment? I’m just saying
Short
by Sphyn-Trader