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Eurusdtrend

EUR/ USD!! 5/12/2023 supporting the DOWN trend⭐️ Smart investment, Strong finance ⭐️ EUR/USD INFORMATION: The US Census Bureau released data on Monday revealing a 3.6% month-on-month decrease in US factory orders in October, following a 2.3% increase in the previous report. In addition, the Institute for Supply Management (ISM) reported that the US ISM Manufacturing PMI remained unchanged at 46.7 in November, falling short of expectations. According to Federal Reserve (Fed) Chair Jerome Powell, the US monetary policy has been successful in slowing down the economy, as predicted, with the overnight interest rate now in restrictive territory. Although Powell emphasized the Fed's readiness to further tighten policy if necessary, market sentiment suggests that the rate-hike cycle has reached its conclusion. Consequently, this has put downward pressure on the US dollar across all markets. ⭐️ Personal comments NOVA: The price area touches the downtrend line, Scalping during the day is a SELL signal ⭐️ SET UP EURUSD PRICE: 🔥SELL EUR/USD zone: 1.08500 - 1.08650 SL 1.09100 TP1: 1.08000 TP2: 1.07700 TP3: 1.07400 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
2
💡 EURUSD : Forecast December 5The European Central Bank policymaker and President of the Bank of France said the ECB is not yet ready to consider reducing borrowing costs but will do so after 2024. Slowing inflation has allowed the ECB to clarifying the 2% inflation target from summer 2021, which could herald an adjustment in monetary policy. In addition, dovish comments from the FED pulled the dollar down, partly supporting the view that the Fed has ended its interest rate hike cycle and will shift to an easing stance in 2024. We can see EUR/USD recovering and the MACD double line and bar chart shrinking below the zero axis on the H4 chart. When the price once fell below the 1.0880 support level, a short-term top emerged as a bear market.
Short
by Stone_Haven
2
💡 EURUSD: Prediction for December 1After being blocked around the 1.1000 resistance zone, the price fell sharply in the past session as expected. Currently, a three-candle bearish reversal pattern has appeared on the daily and it has also violated the uptrend line, the signals show. This signal shows the possibility that the price will continue to adjust. Temporarily suspend trading for now, you should wait for the opportunity to return with buy orders around the price range of 1,075.
Short
by Stone_Haven
10
EURUSD → Rejected!? Will the Price Fall to 1.06 or Rush to 1.12?EURUSD made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action. How do we trade this? 🤔 The conditions at this moment make it reasonable to short , but there is a caveat! It's very possible the price pulls back a bit to the resistance zone for another test before dropping. If you didn't short at the resistance zone, it's reasonable to wait for the price to crawl back up to the 1.09600 area to enter. Enter after another sell signal, then 1:2 risk ratio down to the bottom of the trading range around 1.05900. If the price breaks resistance, wait for it to confirm support on the resistance zone then look for a long entry off of a bull signal and confirmation bar. 💡 Trade Idea 💡 Short Entry: 1.09600 🟥 Stop Loss: 1.11450 ✅ Take Profit: 1.05900 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Trading Range after Bull Run, Bias to Long. 2. Rejection at the Resistance Zone, Reasonable to Short. 3. If Shorting, Watch EMAs for Support. 4. Look for a pullback to resistance before the price falls. 5. RSI at 57.00 below Moving Average, Bias to Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
EURUSD: Fed official: Interest rates will stay limited for a Interest rates are "estimated to be at their lowest level in 25 years," Williams told the New York Fed's Bretton Woods Committee meeting. "I think it is appropriate to maintain a hawkish stance for some time to fully restore balance and return inflation sustainably to our long-term target of 2%," he said. The Fed is expected to keep interest rates on hold at its next meeting, giving it time to assess the economy after raising rates sharply from near zero in March 2022 to over 5% in July. . At the same time, expectations are rising in the bond market that the Fed's tightening cycle will come to an abrupt end with its first rate cut in May. "There's not a lot of sleep deprivation" given market expectations, Williams said, adding that any rate cuts would depend on inflation and how the economy progresses. He expects inflation to continue falling toward the 2% goal, and expects the Fed's price index to fall more than 2% next year and reach the target by 2025. Government figures on Thursday showed the PCE index fell to 3% in October. "We have taken a limited stance and things are moving in the right direction. We can now assess whether we need to do anything more." Still, the New York Fed president said if price pressures persist longer than expected, "additional policy tightening may be necessary," and Williams, like his colleagues, believes the current political path is not sufficiently restrictive. He emphasized the need to continue monitoring the data to assess whether this is the case. . So far, fourth quarter data shows signs of a significant decline in economic activity. Data released Thursday showed U.S. consumer spending fell in October compared to the previous month as inflation continued to slow. Inflation-adjusted personal spending rose 0.2% last month and 0.3% in September, according to the U.S. Bureau of Economic Analysis. The report also noted that the core PCE price index increased by 0.2%. The index rose 3.5%, its lowest level since 2021. Although he expects economic growth to remain below trend next year, he is "quite positive." Economists generally expect growth to be around 2%.
Short
by Chart_MasterPro
Morgan Stanley and BofA’s 2024 EUR/USD Predictions Morgan Stanely has released what they call their top trade for 2024, and it is the exact opposite of Bank of America’s call. Analysts at Morgan Stanley think selling EUR/USD around the current level of 1.10 is the trade to make next year, with a target for the pair reaching parity by the end of the first quarter of 2024. This outlook relies on sustained economic performance of the US. They also believe that technical recessions in the eurozone, Sweden, and the UK are expected to lead their respective central banks to initiate rate cuts in the second quarter of 2024. Selling Swedish krone (which has become a top ten traded currency recently) and the British pound might also be options for 2024 too, but this was not explicitly stated by the bank. On the other hand, Bank of America has suggested that shorting the USD is the trade to make, particularly against the Euro and South African Rand. BofA sees the potential falling interest rate in the eurozone increasing the attractiveness of euro-based stocks and other investments.
by BlackBull_Markets
Relief Rally ↗️ with Inflation Data as Catalyst 💡This is a trade Idea inspired by this past week's bullish pin bar candle closure. The NFP and Inflation data catlyst for a higher timeframe pullback also supports this. Expected reduction in inflation from 3.7% Yoy to 3.6% Yoy during this week's news release also supports this. Two weekly candles holding/closing above 1.054-1.057 supports this. Flipping to Bullish Market structure on the Daily timeframe supports this. We have many confluences and you see the point.
Long
by ShrewdCatfx
4
EURUSD → Drop to 1.05? or Blast to 1.10? Lets Make it Clear.EURUSD is pushing toward the resistance zone which gives the bulls some tingly senses to take profit and run the price back to the downside. Will the Dollar show strength this week and keep EURUSD from breaking resistance? How do we trade this? The price is currently in a trading range between 1.05000 and 1.10000 and we're getting close to the resistance zone where the Weekly 200EMA resides. If you're not already in a trade, it's worth waiting to see what happens at the resistance zone. A bear signal bar closing on or near its low below the resistance line is a good indicator that the price will fail to rise above again and would be a reasonable short. Stop loss above the resistance zone top and take profit just above the Support Zone around 1.05000. The RSI is near 70.00, a weak indicator on its own, but supports the rest of the analysis for a soon-to-come short. If the price finds its way above the resistance lines and closes a bull candle on or near its high, it would be reasonable to long with a protective stop just below the resistance zone. Target prices as high as 1.12500. Key Takeaways 1. Trading Range after Bull Run, Bias to Long. 2. Near the Resistance Zone, Look for a Reversal Signal. 3. If Shorting, Watch the 200EMA for Support. 4. The Dollar Index may fall more, wait for the bottom. 5. RSI near 70.00, Bias to Short. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Short
by TraderEngineering
2
EURUSD Longs from 1.09000 up to 1.10000EURUSD is looking very good in terms of entering high quality POI's and it is following the temporary bullish trend very well. So from this we will try to catch pro trend trades up to the daily supply or ideally the 8hr supply zone on top of it. As of now, price has created a small BOS to the upside so I will be waiting for a small pull back to the 12hr demand in order to buy up. As price Is near a decent amount of liquidity I would like to wait for a clean CHOCH and for a spring to take out any remainder asian lows for me to consider a buy opportunity. However, as there's major news this week like NFP, so I would approach any potential setup with caution and lower my usual risk size. Confluences for EURUSD Buys are as follows: - Temporary trend for EU is bullish and this follows the trend as well as the DXY bias. - In order for price to make a bearish move it will have mitigate the daily above or the 8hr supply. - There's asian high above that hasn't been taken which is liquidity that needs to get swept. - Price keeps breaking structure to the upside and candles on HTF are very bullish. - Momentum is starting to slow down as it has currently reacted to a 4hr supply. - In order for price to continue going up it must come down in the form of a pullback so we can create a new leg to the upside. P.S. The Wyckoff accumulation is still pending as I'm waiting for price to mitigate my zone, sweep liquidity and change character to the upside. I am also aware price could fall lower due to the ineffeciencies below and then tap into a cheaper zone for buys back up.
Long
by Hassan_fx
1
EURUSD I Pullback and more potential growthWelcome back! Let me know your thoughts in the comments! ** EURUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
4
EURUSD: Potential to turn BEARISH!Thd D1 swing structure is bearish, having made a bearish BOS externally. Internally, price is bullish, having successive iBOSs to achieve the pullback to an internal LQ target. Price has reached a premium supply zone, a high probability location to look for a shift in the market from bullish to bearish, starting the next bear leg to make the HTF LL. If you like the analysis, tap the LIKE or BOOST button. If you want to see more free analysis, consider subscribing to my channel. Thank you. May profits be upon you.
Short
by RT_Money
2