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Eurusdtrend

EURUSD: The USD is expected to have its largest monthly increaseThe US greenback is on course for its maximum giant month-to-month benefit on account that September, with a 2% benefit towards a basket of main currencies as January ended. The boom changed into attributed to marketplace modifications to the tempo and quantity of anticipated hobby fee cuts, stimulated through sturdy US financial facts and competition from important financial institution officials. toward reducing hobby prices. In contrast, the Japanese yen changed into poised for its maximum giant decline towards the greenback in almost a year, falling extra than 4% in January. This is the sharpest decline on account that February 2023, because of falling salary boom and slowing inflation in Japan, which has decreased expectations of hobby fee hikes. Early within the Asian buying and selling day, the greenback remained consistent at $1.0844/euro and barely weaker at 147.23 yen. The greenback index, which tracks americaA forex towards a set of different currencies, changed into final visible at 103.36. Investors are also targeted on the imminent choice through the Federal Reserve, which predicts that US hobby prices will continue to be unchanged. However, the Fed should sign the opportunity of a fee reduction through casting off language similarly fee hikes are beneathneath consideration. According to hobby fee futures, there may be presently approximately a 43% hazard of the Fed slicing hobby prices in March, down appreciably from a 73% hazard at the start of the year. Deutsche Bank's chief global strategist, Alan Ruskin, explains that the marketplace's response to the Fed assembly will probably be pondered withinside the chance of a fee reduction in March. Ruskin elaborates on the connection among this opportunity and the euro/greenback trade fee, noting that a 50-50 hazard is in line for the euro at $1,087, at the same time as a completely predicted hobby fee reduction might push the euro to $1,1080. Conversely, if the March fee reduction is completely discounted, the euro should fall to $1.0660. Before the Fed's choice, financial signs including the shopping managers index survey from China and European inflation facts can be released. Australian inflation facts, barely decrease than economics anticipate, bolstered expectations that the Reserve Bank of Australia has ended its hobby fee hike cycle.
Short
by Chart_MasterPro
EURUSD Looking BullishIn our examination of EURUSD, it's crucial to emphasize the existence of a double bottom pattern. This pattern, combined with robust support observed within the Fibonacci levels ranging from 0.5 to 0.6, amplifies the importance of the current scenario. It indicates a compelling scenario for a potential upward trend, potentially leading to a substantial gain in pips. Keep an eye out for further updates, and as customary, approach your trades with assurance.
Long
by HUMCRYPTOCLUB
EURUSD - Let's go higher now ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: As you can see in my previous analysis price delivered as expected. Now I expect bullish price action after filling the imbalance and rejecting from bullish order block + institutional big figure 1.08000. Fundamental news: This week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
EURUSD - Downside to bullish order block ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we have pretty the same scenario as on GOLD, Price rejected from bearish order block so I expect price to drop in order to fulfill the imbalance. My target is institutional big figure 1.08000 from where I look for a long position. Fundamental news: Upcoming week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
EURUSD Longs from 1.08300 or 1.08000 back upThis week's bias for this pair aligns with GU, and I'll be aiming to initiate long positions from the demand levels positioned just beneath the current price. Whether it's from the nearby 2-hour demand zone or the 10-hour demand zone situated below, my objective is to buy back up to a supply level or potentially target the equal highs positioned above. Ideally, I'm hoping for price to form a Wyckoff accumulation within my designated demand zones and provide a strong confirmation signal. If this doesn't happen, I'll wait for that zone to be breached, anticipating the spring to occur within the more favorable 10-hour demand zone. Confluences for EURUSD are as follows: - Price has been temporarily bullish to the upside and the 10hr demand zone caused BOS. - I will be anticipating a Wyckoff accumulation to start formulating within my demand region. - A pullback has been initiated from the reaction of the 6-hour supply zone. - Lots of liquidity to the upside in the form of Asian highs and equal highs. - Dollar (DXY) is looking to be bearish so I'm expecting this to be bullish. P.S. While I maintain a bullish stance on this pair, I wouldn't be caught off guard if the reaction from the 6-hour supply zone triggers further downward movement, potentially breaking the structure to the downside. In such a scenario, I'll be more inclined to explore selling opportunities. LAST WEEK OF JANUARY LETS HAVE A GREAT TRADING WEEK!
Long
by Hassan_fx
3
💡 EURUSD: Forecast January 23ANALYSIS TODAY: EURUSD slipped slightly in the past session and there have been no significant new signals, the price is still maintained below the short-term downtrend line, and the recent accumulation moves of the price reflect that sellers may are accumulating and waiting for a new price push so the outlook is still bearish. Please pay attention to the support level at 1,085. If it is broken, the downward momentum could quickly expand to the 1,070-75 area. If you still have a short position, you can continue to hold the order. Indicator is used: - Chandelier Exit - EMA - MACD
Short
by Stone_Haven
EURUSD: Euro outlook next weekNext week, the ECB's monetary policy meeting will be held on Thursday, and important economic indicators from Germany will also be announced, so the euro may fluctuate significantly. This week, a number of central bank officials spoke out against overly optimistic markets about a rate cut in 2024. Next Thursday's ECB Governing Council meeting is likely to be too early for ECB President Christine Lagarde to start setting a concrete schedule for interest rates, and markets will wait until the next Governing Council meeting on May 7 for more information. would have to. Next week will see the release of the German and European PMI reports, the IFO annual report and the German Consumer Confidence Index. This data should be closely monitored as the German economy remains weak. EUR/USD broke out of a channel pattern on Tuesday and is currently trading below the 200-day SMA of 1.0850. The current support level for this pair is 1.0787, but resistance areas at 1.0950 and 1.1000 are also observed.
Long
by Chart_MasterPro
EURUSD Shorts from 1.09400 down towards 1.08000EU is currently exhibiting a similar pattern to other pairs, and my current stance for this currency pair is bearish. I'm patiently waiting for the 12hr supply zone to be mitigated, considering it as the nearest opportunity of interest for me. This aligns with the overall higher time frame trend, which is bearish. Upon the mitigation of this zone, my plan involves waiting for a Wyckoff distribution to unfold within the specified area. Ideally, I will be looking for the Asian high within the zone to be swept. Following this occurrence, I will then be looking for selling opportunities back down to address the imbalances left below. Confluences for EU sells are as follows: - 12hr Supply zone caused a BOS to the downside on the higher time frame - Imbalances and liquidity below that needs to get taken as well as a demand zone that needs mitigating. - Overall trend of the market is bearish on the higher time frame. - We are currently witnessing a pullback and I'm looking for my POI to continue this trend. P.S. While I maintain a bearish outlook, I acknowledge the presence of equal highs above my zone, which could potentially lead to a break beyond my supply. In such a scenario, I recognize that price might aim for higher levels to enter a more premium area. HAVE A GREAT TRADING WEEK AHEAD!
Short
by Hassan_fx
EURUSD: EUR/USD broke through an important technical milestone iThe dollar remains generally in good shape. EUR/USD tested the 200-day moving average during yesterday's trading session before rising to the 1.0890 level. Looking at the short-term trend, sellers are in control with prices still not coming close to testing the 100 hour moving average at 1.0916. The downtrend will still be maintained for now. As rising Treasury yields help strengthen the dollar, the euro is also receiving support from the ECB's outlook review. Going into this year, traders were convinced of the first rate cut in April but that possibility is now being priced at approximately 90%. This comes after opposition from ECB policymakers. That means that while April is still on the table, it is likely that June or July would be a more reasonable option to satisfy the central bank's board of governors. Therefore, if traders lower their pricing on an interest rate cut in April, it will support the Euro at a balanced level. Currently, sellers are still willing to try to maintain the bearish trend.
Short
by Chart_MasterPro
💡 EURUSD: Forecast January 16EURUSD continues to fluctuate in a narrow range, not creating new notable signals. However, the fact that the price has accumulated for too long around the lower border of the rising channel combined with the previous strong falling wave shows that the risk of breakdown is increasing. Bulls need to keep SL below 1.09 for existing long positions, guarding against the possibility of a price decline. If this happens, the short-term target for bears is around 1.075.
Long
by Stone_Haven
EURUSD: The USD is quiet with low trading volumeThe dollar was weak in early European trading on Monday as traders weighed the possibility of an early interest rate cut by the Federal Reserve and a U.S. holiday slowed trading volume. At 4:35 p.m. ET (9:35 p.m. Japan time), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, was trading 0.1% higher at 102.242 as the holiday began. Martin Luther King Jr. Data released on Friday showed the U.S. producer price index unexpectedly fell in December, increasing traders' expectations that the Federal Reserve will start cutting interest rates as early as this year. According to the CME FedWatch tool, the market now has a 78% chance that the Fed will start cutting interest rates in March, compared to a 68% chance a week ago. This week's US statistical calendar is quiet, with the focus on retail sales figures scheduled to be released on Wednesday. Investors will be closely watched for signs that consumer spending, a key driver of economic growth, remains resilient despite rising interest rates. Retail sales are expected to increase by 0.4% in December, following a 0.3% increase in November. Investors will also have the opportunity to hear from several Fed officials, including Fed President Christoper Waller, Atlanta Fed President Rafael Bostic, and San Francisco Fed President Mary Daley. The value of the euro rose even though Germany's GDP fell In Europe, the euro/USD pair edged up to 1.0953, even as data showed the eurozone's largest German economy contracted by 0.3% in the final quarter of the year. Last year and he will decrease by the same amount throughout 2023. But despite this weakness, recent inflation data largely confirms the European Central Bank's current thinking, meaning rate cuts are not on the table in the short term, said ECB chief economist Philippe. Lane said Friday. Eurozone inflation rose to 2.9% in December from 2.4% in November.
Long
by Chart_MasterPro