Get started

Eurusdtrend

EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - As of last day, the MARKET SENTIMENT for EUR was slightly on the DOWN SIDE. The main reason for that is that the dollar started getting stronger because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - Definitely according to the MARKET STRUCTURE EURUSD can go up to the 1.0944 RESISTANCE LEVEL. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. - Then EURUSD can go down until the 1.0200 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
by benny_marshall
2
EURUSD to find support at previous swing low?EURUSD - Intraday - We look to Buy at 1.0638 (stop at 1.0603) Closed the day little net changed. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. A bullish reverse Head and Shoulders is forming. Trend line support is located at 1.0632. A break of resistance at 1.0697 should lead to a more aggressive move higher towards 1.0788. Further upside is expected although we prefer to set longs at our bespoke support levels at 1.0638, resulting in improved risk/reward. Our profit targets will be 1.0738 and 1.0788 Resistance: 1.0697 / 1.0738 / 1.0788 Support: 1.0638 / 1.0632 / 1.0612 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURUSDIn the 1-hour period, we are witnessing a reaction below the trend line and on the support range of 1.06799, after which the range of 1.07614 is also a support. It is expected that the range of 1.07614 will be touched again and the target of 1.07812 based on pivot points is not far away after the failure of 1.07614. For the target of 1.08246, more risk should be accepted. Determining a correction in the form of an ascent or a change in slope can determine the clarity of the situation ahead
by maryammh
3
EURUSD 2023 Know your year! Act early! Don't be surprised! 2 minutes to read and reveal the the matrix! 2 clear, important periods for EURUSD in the last close to 20 years of trading circled red on the chart. Period 1 - August 2020 - Feb 2022 "False break period" Initially, pandemic caused a rush of investment, landslide USD down as cash was poured into stocks, cryptocurrency, etc.. But peaking around December 2020, due to FED starting to rapidly increasing interest rates, causing cash to be very attractive compared to keeping it invested during all time highs, as well as making loans much more expensive, USD started to gain strength again, BIG TIME, most aggressive policy to increasing interest rates was implemented during the coming months. In the meanwhile, EUR delayed increasing interest until July 2022, which explains the huge amount of USD cash compared to EUR in the circled period and beyond, until bottoming at the bottom of the wedge around late 2022 when ECB started pumping interest. Period 2 - Jan 2023 - Today (Feb 2023) "Fresh yearly breakout period" With the ECB targeting higher interest to 3.0%, 3.25% and 2.50% which is a higher expectation from 2.50%, 2.75% and 2.00% just from December 2022, making EUR more attractive to keep cash and less scarce (more expensive to lone) - While the USD is pretty much maximized as to increasing interest / stimulating the economy as during 2020-2022 FED used pretty much the entire toolbox - Leaving 2023 as the year for EUR with the FED playing all the cards they had. The technical breakout we see up above the falling wedge resistance makes perfect sense with the fundamentals - Making EURUSD a long term strong buy position for the year. This is a must know chart to be confident while trading EURUSD . ----------------------------------------------------------------------------------------------------------------------- Always do your own research and practice caution while trading, especially leveraged products. I would really appreciate comments, questions or any interaction - Thank you! -----------------------------------------------------------------------------------------------------------------
Long
by Exactus
2
EURUSD: Forex Pair 4H TF Market OutlookThe EURUSD shows bearish trend on 4H timeframe, with anticipation of price hitting support at 1.07208/1.06700, potentially leading to reversal and head/shoulder formation at 1.09055. Possibility of minor support hit at 1.07208/1.06701. Market volatility may be affected by Powell's speech and EU Economic Forecasts, hoping for a positive outlook. We would be happy to know what you think about this idea. Please comment, support this idea, and follow me for more updates.
by ClintOnos
8
#EURUSDIn a floor above the range of 137.512 A: We are building a floor in the form of a triangle pattern in the range of 139.543 to 142.344. Now we are exactly on a static resistance area of 142.438. It is expected that by breaking it, we will experience a growth of up to 50% of the triangle pattern up to 143.859 area, which will be exactly on the static resistance area of X. If the X area is broken, we can expect growth up to the next resistance in the area of 144.772 and after that we have the completion of the expected harmonic pattern in the area of 145.716. At each step of the steps, you can decide on the continuation of the process and the amount of correction. But in general, the goal is to complete the pattern in the area of 145.716.
by maryammh
2
EURUSD SELLS ACTIVE (13 year trend)SIMPLICITY IS KEY!! Pretty self explanatory what's happening on EU with simple price action 13 year 'Monthly Bearish Trend Channel' 1."TRENDLINES" (once price approach these on the timeframe drawn, I use for judging if the market will 'continue with the trend' or if candles break trendline then possible 'reversal') WATCH OUT FOR FAKEOUTS cause banks love to take your money so be patient, once previous HL or LH is broke its more confirmation for a reversal 2. "ZONES" (this is my area of interest for entering trades and take profits no matter which timeframe I draw them on because MONEY ALWAYS RETURNS THERE just trending 'zone to zone') in this case my red monthly zones price loves goin to 3. "PRICE PATTERNS" (H&S's, WEDGES, DT's and DB's are the main 3 patterns I look for ONLY when price is on or near a 'Major Trendline or Zone' on 4hr timeframes and up) patterns would be clear to see on lower timeframes like 1hr, 15min etc. So with those 3 confluences we have price near a nice 13 year old 'resistance line' which appears to be creating a clean weekly 'HEAD & SHOULDERS' with 'DOUBLE TOP' as the head and right shoulder giving me SELL vibes 600+ pips IF PRICE goes back up and passes my previous Higher High then also passes my red monthly zone I would setup for buys
Short
by Juju103