EURUSD 1HA potential triangle is forming, bearish trend running.
Elliott wave is always the best.
Have fun with the trend !!!
USDEUR trade ideas
EURUSD Potential Buying CurrentHere is the structure of EURUSD Potential Moving to buy side Guys So current Price.
Resistance Zone 1.06720
Support Zone 1.04770
Check Key And support And Resistance Zone Looking Price moving to Buy Side.
Keep And eye on candles Pattern and chart The price will continue toward the Target.
Rate And Share your idea what's Going On Thanks.
EURUSD could slump 280 pips following tomorrow's ECB meetingThe U.S. consumer price figures were not enough to trigger a slide in EURUSD, nor did they lead to a rebound. Instead, the market is trading sideways as we await tomorrow's ECB rate meeting. The ECB is expected to cut rates, with the possibility of signaling a 50-basis-point cut in upcoming meetings due to weak economic growth and inflation at target.
From a technical standpoint, the price has formed an inverse head-and-shoulders pattern, which might fail. The pattern would invalidate and trigger if the price falls below the right shoulder, currently at 1.0462. If this level breaks, the price could drop by the same distance as the projected rise from the pattern, roughly 280 pips, targeting 1.0181. Trading in smaller chunks is advisable unless the market moves quickly toward the target.
What's your view? Could this play out, or do you expect a false breakdown?
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EURUSDas per my analysis...…..euro seems all bloodbath, possible bullish seems from 0.95
every candle are closing in bearish this time.....for short term traders bullish might trap you for a day or a week....
EUR/USD Break-and-Retest: Next Stop 0.97?Weekly Timeframe:
Clear downtrend with a rejection at the 50 MA and a break below key support. Next target lies around 0.97-0.98, a major demand zone.
Daily Timeframe:
Confirms the bearish bias with a retest of the broken support, now acting as resistance. Price remains below the 50 MA, signaling continued downside.
Correlation:
Both timeframes align in a bearish trend. Weekly sets the direction, while daily refines entry opportunities with break-and-retest setups.
EURUSD: Bullish Continuation is Highly Probable! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURUSD pair which is likely to be pushed up by the bulls so we will buy!
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Read The EURUSD MarketLet's Looking at EURUSD Chart in all Scales and Prepare for the next Year, Good Luck With Your Trades <3
Holiday Trading Update: Christmas Eve Market Overview.As we approach Christmas Eve, it's important to note the shortened trading hours in the US. The stock market will close early at 1 PM, while the US bond market will close at 2 PM.
Currency Market Overview
The USD is showing a mixed performance against major currencies:
EUR: +0.12%
JPY: -0.04%
GBP: -0.15%
CHF: +0.18%
CAD: +0.32%
AUD: +0.27%
NZD: +0.23%
US Stock Market Snapshot
US stocks are mixed following yesterday's rise:
Dow: -25 points
S&P: +6.05 points
Nasdaq: +43 points
US Debt Market
Yields have shown marginal changes:
2-year: 4.353%, up 0.3 bps
5-year: 4.454%, up 0.9 bps
10-year: 4.606%, up 0.8 bps
30-year: 4.796%, up 1.3 bps
Global Economic Updates
Reserve Bank of Australia (RBA)
The RBA released its minutes, noting that its policy remains "sufficiently restrictive" to address inflation concerns. Despite gaining confidence that inflation has eased, risks persist. The board highlighted the importance of not prematurely easing policies and acknowledged that if economic growth strengthens, a prolonged delay in rate adjustments might be necessary. Updated forecasts for inflation and growth will be published in February.
Japan's Finance Minister
Finance Minister Kato emphasized the importance of ensuring currency stability to reflect economic fundamentals, particularly in light of recent sharp foreign exchange movements. He stated that the government would maintain close communication with overseas authorities on forex policies and was prepared to take decisive action against excessive volatility.
European Central Bank (ECB)
ECB's Vujčić reiterated that interest rate adjustments would continue as long as data align with projections, emphasizing the central bank's data-dependent approach. He refrained from specifying the exact level at which the ECB might halt rate hikes, underscoring the uncertainty tied to future economic conditions.
US Economic Data
The Richmond Fed index will be released at 10 AM ET, with expectations at -10 versus -14 last month.
The US Treasury will auction 5-year notes at 1 PM. Yesterday, the Treasury auctioned 2-year notes with a 0.1 bp tail and a bid to cover ratio of 2.73X versus the 6-month average of 2.68X. Domestic buyers were very light at 6.7% versus the average of 19.5%, but international buyers showed up, taking 82.1%, well above the average of 68.1%.
Technical Analysis
EUR/USD
The EUR/USD is trading around its 100-hour moving average (MA) at 1.0403, a key short-term barometer for buyers and sellers. A move above this level could signal a more bullish trend, while staying below it would indicate that sellers are in firm control.
USD/JPY
The USD/JPY remains in a narrow trading range, currently at 157.12. The rising 100-hour MA at 156.42 is quickly approaching, which will be an important level to watch. Key levels include the high from November at 156.739 and the low from yesterday at 155.94.
GBP/USD
The GBP/USD is stretching higher, moving closer to the falling 100-hour MA at 1.2563. Breaking above this level would target a swing area between 1.2596 and 1.26147, followed by the 200-hour MA at 1.26201.
Season's Greetings from OakleyJM
As we approach this festive season, I wanted to extend my warmest wishes to all my followers. May your Christmas be filled with joy, and may the New Year bring you prosperity and success in your trading endeavours..
Navigating the markets during the holidays can be challenging due to reduced liquidity, unexpected volatility, and market closures. Here are a few tips to help you prepare:
Plan Ahead: Be aware of trading schedules and adjust your plans accordingly.
Manage Risk: Use tighter stop-loss orders and reduce position sizes.
Stay Informed: Keep up with the latest news and economic data releases.
Use Limit Orders: Ensure you get the price you want despite wider bid-ask spreads.
Focus on Liquidity: Trade assets with higher liquidity, such as major currency pairs or blue-chip stocks.
Review Your Strategy: Analyse your performance and set goals for the upcoming year.
Wishing you a Merry Christmas and a prosperous New Year!
Warm regards, OakleyJM.
Quick technical idea on EURUSDWaiting for a breakout through one of my key areas to consider the next short-term directional move.
FX_IDC:EURUSD EASYMARKETS:EURUSD
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Fundamental Market Analysis for December 24, 2024 EURUSDIn the early Asian session on Tuesday, the EUR/USD exchange rate has been trading with small losses near 1.04000. This is due to expectations that the US Federal Reserve (Fed) will cut rates less frequently in 2025, which is providing some support to the dollar. Trading volumes are likely to be low ahead of the holiday trading week.
The resumption of the Fed's 'raise rates longer' policy will be a key factor in the final trading days of the year, which could provide significant upside for the US Dollar (USD).Last week, the U.S. central bank cut the benchmark interest rate by another quarter point, as per the latest quarterly schedule. The Fed committee has revised its expectations for rate cuts in 2025 and beyond. The Fed now forecasts a rate cut of just 50 basis points (bps), or two rate cuts, compared to four quarter-point cuts.Across the pond, the euro (EUR) is weakening amid rising bets for further rate cuts by the European Central Bank (ECB).ECB President Christine Lagarde said on Monday that the Eurozone is "very close" to meeting the medium-term inflation target set by the ECB, according to the Financial Times on Monday. She also stated that the central bank would consider further cuts to interest rates if inflation continues to fall towards the 2 percent target, as curbing growth is no longer necessary.
Trading recommendation: We follow the level of 1.04000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
EUR/USD weakens to near 1.0400 in a quiet trading sessionLet’s update the news and forecast the trend of the EUR/USD currency pair together!
The EUR/USD currency pair is primarily influenced by fundamental factors related to the monetary policies of the U.S. Federal Reserve (Fed) and the European Central Bank (ECB).
In the U.S., expectations that the Fed will scale back interest rate cuts in 2025 have somewhat supported the U.S. Dollar (USD). In its recent meeting, the Fed lowered the benchmark interest rate by 25 basis points but simultaneously eased expectations for further rate cuts in the future. This suggests that the Fed may maintain a tighter monetary policy and continue to apply higher interest rates for a longer period, which supports the strong trend of the USD.
On the other hand, in the Eurozone, the Euro (EUR) is under downward pressure due to expectations that the ECB will continue to reduce interest rates. ECB President Christine Lagarde stated that the Eurozone is now "very close" to the bank's medium-term inflation target. However, if inflation continues to fall, the ECB may need to further cut interest rates to stimulate growth, which would exert downward pressure on the Euro.
From a technical perspective, the EUR/USD is currently trading around the 1.0400 level, a key support level to watch. If this level is breached, the pair is likely to continue its downward trend, with the next support around the 1.0300 area.
Moreover, with trading volumes potentially low ahead of the holiday season, price movements may not be as strong. However, the fundamental factors, particularly the monetary policies of the Fed and ECB, will continue to be the dominant drivers shaping the long-term trend of this currency pair.
EURUSD Trading Journal EURUSD Trading Journal
Dec24
Great delivery on Price yesterday. Still in the previous range.
Today delivering in a discount. I would like to see Price come to the 50% 1.04144 and potentially could seek liquidity of the equal highs rebalancing the 15FVG, before reacting to seek lower prices seeking the FVG noted.
#EURUSD - 24122024I was looking for a dip to go long off for EURUSD yesterday. And after an initial move higher, EURUSD moved down to our buy level at 1.0396 and bounced off for 20pips before pulling back now.
I am still cautiously bullish for a move higher but EURSD might pull back to 1.0378, which give a good level to go long off, for a move higher, with 1.0514 as a good near term price target.
EURUSD Correction To BullishEURUSD Buy Setup With the Current Price at 1.04 109
Here is Structure of EURUSD
EURUSD is at 1.04109 suggesting a possible Point to Rise. Then Next Target Buy Position is 1.05050 to Price move the Upside. if the Price Continue to Form high lows Bullish Structure Its More likely to head towards your Target.
Check for any Bullish Signals like a Break Of Resistance Favourable economic data or Bullish Pattern.
Rate Share your Idea What's Going on Thanks.
EUR/USD: Holding Above Support Amidst DowntrendChart Analysis:
The EUR/USD pair has been in a sustained downtrend, but recent price action suggests stabilization near a key support zone at 1.0340.
1️⃣ Support Level:
The horizontal level at 1.0340 has held firm, providing a key area of interest as price consolidates. A break below could lead to further downside, while a bounce may signal short-term recovery.
2️⃣ Moving Averages:
50-SMA (blue): Positioned at 1.0459, acting as a dynamic resistance for price attempts to move higher.
200-SMA (red): Located at 1.0539, reflecting the broader bearish trend and providing additional resistance above.
3️⃣ Momentum Indicators:
RSI: At 44.70, showing bearish bias but holding above oversold territory, indicating a potential consolidation phase.
MACD: Bearish momentum remains intact but shows signs of flattening, suggesting waning downside pressure.
What to Watch:
A decisive break below 1.0340 could signal a continuation of the downtrend, targeting lower levels.
If the support holds, the pair may test the 50-SMA resistance near 1.0459.
The EUR/USD remains bearish overall, but the current consolidation near key support could lead to a short-term directional move.
-MW
EURUSD is risingEURUSD is trying to gain momentum on upward side price has printed ist higher high, rsi shows bullish divergence which indicates reversal sign good chance for buying at current levels
EURUSDThis week's forecast is for the price to rise to the area between 1.05850 and 1.06227, retesting the pivot at 1.06164, where we will find the EMA200.
EURUSD Short Plan At Lower Time Frame..#EURUSD Short Plan At Lower Time Frame..
its on 15 min tf. we provide crypto and options trading analysis.
For More Update DM Us.
**NAMASTE**
posibility of uptrendConsidering the behavior of the price in the current resistance range, possible scenarios have been identified.
If the price does not cross the resistance range, the downward trend will likely continue
#EURUSD - 23122024I was bullish EURUSD on Friday and it worked out as plan; a fake test of lows then a move up to our buy target.
I would say that price hit a resistance zone thus the next move will be tricky. But overall, the thesis of a lower high for a move higher. Will look for longs on a re-test of PZ, or in the worst case scenario, from 1.0366.
EURUSD UpdateEURUSD pair is forming an descending trendline its not valid yet because it got only 2 touches so we're waiting the 3rd touch to form and make our red trendline valid.
once it hit we will be looking for a short position on a lower timeframe and it broke above we will be waiting for a retest and rejection o our trendline to enter a long position with a take profit the 0.76 Fib Retracement zone.
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possible sell setupwaiting for price action to tap the TL, then wait for a sell confirmation to take a sell trade.
EURUSD analysis week 51🌐Fundamental Analysis
The outlook for the US dollar remains firm after the Fed's rate cut. ECB's Patsalides postponed the prospect of a larger rate cut and advocated gradual policy easing.
The US dollar (USD) maintained its strength on Thursday after outperforming its hawkish Federal Reserve (Fed) dot-matrix rivals on Wednesday. Upbeat macroeconomic data from the US continued to support the currency. However, EUR/USD maintained its position.
🕯Technical Analysis
EURUSD is recovering to the resistance level of 1.045. This is the confluence of EMA and strong selling pressure to break the old resistance. And now this is the immediate resistance level that the pair needs to overcome if it wants to resume the uptrend. The main resistance for next week is seen around 1.053 as a break of this zone confirms the uptrend.
On the other side, after breaking last week's bottom at 1.034, the area that will help EURUSD price to survive a long slide is the support zone at 1.029.
📈📉Trading Signals
BUY EURUSD 1.029-1.027 Stoploss 1.025
SELL EURUSD 1.052-1.054 Stoploss 1.056
