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USDEUR

USD has the potential to fall 10% over the next three monthsThere is too much pressure world wide to cope with the trade wars. It's going to be a race to the bottom. Central bankers world wide are now of the view that the only way to support ailing economies is to reduce interest rates and avoid the additional burden they bring on indebted companies. After the US currencies rapid rise as an alternative to weaker global currencies the cycle is about to change as US continues to see low economic readings and political pressure mounts. The low inflation numbers in the US mean that for now the risk of higher inflation brought on by a weak dollar is an acceptable risk to protect businesses and avoid tantrums in the White House. US 10 year yields are going through the floor. Investors have already started pulling funds out of the USD.
TVC:DXYShort
by TreeDoc
U.S. Dollar Steadies Ahead of the Federal Reserve VerdictMarkets predict that the Fed will reduce interest rates by 25-basis points. Simultaneously also raising sentiment on whether there would be further policy easing. A rate cut and further policy easing would insulate the U.S. economy from the slowing global growth and the implications of the ongoing trade conflicts. Although the markets still expect a rate cut, likely, the Fed will not abandon the possibility for a future rate cut. At the same time, the Fed chairman, Jerome Powell, is not in a position to provide a definitive decision on whether there will be a future rate cut. As such, his promise of a rate cut is likely to remain as vague as it has been. These are views from Yukio Ishizuki, a senior currency strategist at Daiwa Securities. Any unclear policy references would provide the greenback with an extra boost as it would temper excessive easing expectations. About 78% of traders are expecting a 25 basis point cut. The remaining 22% vouching for the possibility of a much deeper 50 basis point easing. The rate of federal funds is currently ranging from 2.25% to 2.50% The Dollar Index The dollar index measures the strength of the dollar against rival currencies. It was little changed at 98.036 after dropping from a two-month peak of 98.206 which it touched on Tuesday. The dollar was a shade lower, trading at 108.53 yen while the Euro inched up to 1.1159, a 0.05% increase. The Bank of Japan on Tuesday steadied policy settings as many speculated on a move to further implement monetary easing soon. Meanwhile, the pound has slipped this week as investors considered the possibility of Britain leaving the European Union without a deal. However, the currency managed to stabilize slightly. The sterling climbed 0.1% to $1.2157, gaining from a 28-month dip of $1.2120. However, troubles for the currency were far from over as Britain’s new Prime Minister, Boris Johnson, pledged to remove the country from the European Union. In July, the Sterling lost 4.3%, which indicates its ongoing troubles. The explicit agenda of leaving the EU, whether with transitional trading agreements or not is likely to have far-reaching impacts on the currency.
by Financebroker
EURUSD NOPE its USDEUR " U MUST See this secret"Hello, As many of u know EUR is weighting almost 60% in USD index, so inverse EURUSD is USDEUR is almost identical to USD index, check chart. If we can forecast USD index correct, we can trade EURUSD 100% all the times, and this is the secret here, This chart is USDEUR VS USD index, We forecast a little push up in the USD index first, then a crash with POWELL speech, this would be perfect to buy EURUSD. BUY EURUSD 1.1150 level. target 1.14-1.15
Long
by SignalsView
EURUSD Bear trap move?On the right we can see that eurusd made a clear break of that support line today, but bounced back up even more. Suggesting a bear trap move. Usually when we see a trap move, the market continues in the opposite direction (in this case up). It could still just be a wick that went back above support, so it could be a simple retest of former support. But doesn't look like it so far. If the trap is real, it should not drop below the 1.1200/1.1205. Bigger picture, it has been zigzagging a lot past half year, slowly dropping but not dumping. To me this says there are still intentions to move up on the long term. If we move up and break the red zone and being able to touch the high of the triangle, than the triangle might be real. If we than see it stay close to the high, we could maybe make a real breakout of that big channel on the right and go towards the 1.135/1.14, target of the triangle. Previous analysis:
by botje11
3
Forex 9 Seasons Rainbow Indicator Watch: USD Pairs 20190423USD is strong as a whole. USDAUD: as mentioned in my last idea "Forex Divergence Watch: USD Pairs 20190419", Bullish Divergence (Blue) has turned out to Crazy Bought (Lime) Crazy Bought(Lime) in 1H, 85m, Bullish Run in high volatility. USDCAD: is breaking out the resistance. USD Pairs being monitored: USDAUD , USDCAD , USDCHF , USDGBP , USDJPY , USDEUR Time Frame: 1H - 2D DISCLAIMER This is only a personal opinion and does NOT serve as investing advice NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
by go8686
USDEUR IS OVERBOUGHT A DROP IS COMINGUSDEUR has high probability to drop, reasons: Overbought (Yellow) in 85m 2H time frames indicated by "9 Seasons Rainbow Multiple Time Frames Pattern PRO" Indicator; RSI Divergence Previous Resistance: 0.892 Previous ascending channel has been broken. Target 1: 0.884 Fib 0.618 Target 2: 0.881 Fib 0.382 Target 3: 0.873 Fib 0.236 STOP: 0.893 Some factor that against this idea: 1H Crazybought (Lime) means Bull has just overcome some resistance and is still strong, this may keep them longer on the possible Top. DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Short
by go8686
EURUSD Long Term View part 5, Double BottomThe previous 2 analysis worked out perfectly, using sentiment analysis instead of TA :). Fooling bulls and bears with making one trap after the other. Anyway, were in the price range what i was hoping to see again when making that analysis, so assuming the double bottom on the daily is still in play, we should a low forming in this range now the coming days. Ideally we get to see a wedge form on the right, because that would make an entry much easier. Since this is a long term trade for me, i will be scaling in my first portion at the current price. I want to increase the position in the 1.124/1.128 range. The low in March will be the level where i start to decrease my position with probably a max around 1.15. So i wont be using a stop loss for a trade like this, but will decrease the position when it goes against me. Trades like these, need a TA and FA vision and believe in it. You can not only rely on TA in this case. That means the risks are a bit higher at the start, but the reward can be very big if it works out. For example my big short play on the DAX that started at the high of 2018 and has become a dream play. But sometimes they fail completely as well, like my Cisco short from 2 months ago. But in the end, it's about making sure the profits are bigger than the losses. Previous analysis:
by botje11
3
EURUSD TA (Trader Analysis) :)My previous analysis i wrote the following: Ideally we see it drop towards the 1.122, making a higher low there and then seeing a big strong counter move straight through that resistance around 1.128. That would make it a false breakout once again, just like the ones i caught a few months ago. Those other times, we saw mostly SHORT on the EurUsd page here on TV', seeing the same thing again, so would be fun to see what will happen again :) It happened once again :). So this analysis won't be TA (Technical Analysis) but TA (Trader Analysis). We all know TA is about history repeating it self, about patterns. Well for EURUSD i have noticed this pattern. That when the first page on TV shows 90% short about EURUSD, it goes up and vice versa :). This analysis won't be what i normally do, thinking about what normal TA suggests the price could do. You know my long term view on EURUSD is up, as long as we don't break the 1.11/1.12. The double bottom pattern i showed a while back is still in full play. The blue line on the left, is to show what a good possibility could be to fool most people again. Where most are still show posts to short it, as they did at the lows as well. I think the price will break that channel and probably make a bull flag above it. Then we will see most call for a small bull back (green zone) and go long again. Then we will probably see an even bigger drop towards the lows again. Again, fooling the basic TA. If this all plays out, that last drop should be the last one, because there is not much room left for bearish price action to keep the double bottom alive. This one is no trading advice, not something i usually do, just wanted to show something else than the basic TA. Previous analysis:
by botje11
5
EURUSD Long Term View part 4, Double BottomThe double bottom is still playing out, dropped a bit more than expected upfront, but it made a good bounce up so far. So coming week might be important for the mid-term. Small rejection so far from what seems to be a resistance zone. Ideally we see it drop towards the 1.122, making a higher low there and then seeing a big strong counter move straight through that resistance around 1.128. That would make it a false breakout once again, just like the ones i caught a few months ago. Those other times, we saw mostly SHORT on the EurUsd page here on TV', seeing the same thing again, so would be fun to see what will happen again :) Below the 1.122ish, would probably invalidate the countermove idea. Previous analysis: Previous counter move trade:
by botje11
3
EURUSD Long Term View part 3, Double BottomEURUSD' has been having some struggles the last few months, with getting above the 1.15. each attempt got rejected with a push to the lows again. The past few weeks, we can still see there is no strength from the bulls, but also no real strength from the bears. This, fits right into the picture of a double bottom, So ideally, we see a drop towards the 1.125ish (like the red line) within 1 or 2 weeks. Depending on how it moves, that might be a great spot to get in long term. Previous analysis:
by botje11
4