EUR/USD is trading sideways around 1.0550 on Monday morning in Europe. Traders are cautious ahead of crucial inflation and GDP data from Germany. Political tensions remain a cause for concern. EUR/USD might face strong resistance around 1.0570-1.0580, where the Fibonacci retracement level of 23.6% of the latest downward trend, the 100-day Simple Moving Average...
The European Central Bank (ECB) declared that it will no longer be increasing interest rates as a result of a decrease in lending and declining inflation. Boris Vujcic, a member of the ECB Council, made the statement on Croatian state media, HRT1. President Christine Lagarde's ECB recently halted its extraordinary tightening campaign, keeping interest rates steady...
In Asian trading on Thursday, EUR/USD remains defensive, hovering around 1.0560, the lowest in a week, as traders await the European Central Bank (ECB) interest rate decision. The currency pair continues its decline for the second consecutive day, extending its retreat from monthly highs. Support was found around the 20-day Simple Moving Average (SMA) at 1.0560....
EUR/USD continues its recovery but remains below the 1.0700 level early on Tuesday. The pair benefits from the decline in US Treasury yields and the weakness of the US dollar. Positive changes in risk sentiment support the new upward trend. Keep an eye on EU/US PMI data. The EUR/USD exchange rate accelerated its gains on Monday, surpassing the 1.0640 level. It...
4 hours OB are weak blocks to make price retrace and create bullish continuations patterns .... Day lvl is the target - for a LH formations
So,I am planning buy dollar again!There is no signal to short USD yet! Israel Palestine conflict may also support US dollar + NFP was positive Also we are at 4th quarter of trading year so I need to see Dxy cleares last old high level! Till then I am going to buy Dollar! Manage your risks!Happy Trading)
EUR/USD maintains a higher level but remains below 1.0600 in Wednesday's Asian trading. Risk sentiment prevails, weighing on the US Dollar, especially amid positive data from China. Market focus is on Lagarde's speech and EU/US data. The EUR/USD rate has risen above the 20-day Simple Moving Average (SMA), which still slopes downward. The Momentum indicator is...
According to Politico sources, the deal would impose tariffs of 25% on steel and 10% on aluminum. The agreement creates a "club of like-minded economies" and aims to impose tariffs on imports from economies deemed to provide subsidies to key sectors such as steel and clean technology. It is said that The US and EU are still negotiating plans to create this "global...
So,I mentioned before I am going long on dollar because of many economic indicators suggests long. We got CPI not easing and it is bullish for dxy We got NFP also showing strength of labor market Last FOMC minutes report also says high interest rates might be possible for longer time
The conduct of an anti-subsidy investigation against steel manufacturers will be announced at a summit with the US on October 20. InternationalEU plans an anti-subsidy investigation to secure a steel agreement with My Phuong Nhi • October 11, 2023 19:19 The conduct of an anti-subsidy investigation with steel manufacturers will be announced at a summit peak with...
Daily view move calculating - i also think out of my think tank, Since divergence has formed one last move down to complete the 1 3 5 -2 4 Elliott Wave and A change of Character of Daily move begins
Will the last sell candle before a bullish move occurred in short the order book on four hours hold or will it break and break the daily support and continue down....? What is the market direction since.... i think a bearish trend has ended ..my take
FOREXCOM:EURUSD EURUSD is looking 100% bearish for me. I think the sell party will continue this week. I expect price to tap into that daily imbalance and then sell hard from there to break the next swing low on daily and weekly.
EU on Daily daily TF. I anticipate that the market will continue the downward trend after breaking this major support and retesting it. However, if price breaks and closes above the flip zone, my bias will change to a mini uptrend What's your thought on this?
I wanted to bring to your attention the recent developments in the currency market, specifically the significant weakening of the Euro against the US Dollar. As of today, the Euro has fallen to its weakest level this year, while the Dollar continues to strengthen without any signs of easing. The current situation raises concerns and prompts us to carefully...
The value of the US dollar continues to rise Today on September 30, one Euro cost only $1.0573 and markets have finally come to the realization that the Federal Reserve is going to continue to fight inflation till it achieves its target goals, and, to do so, it will even raise its policy rate of interest one..or, possibly two...more times! even Jamie Dimon, CEO of...
After a terrible month of September we finally have some signs of a pullback on EU. I will use my 15m TF to buy up to the three potential Sell zones for the continuation of the bearish trend, keeping in mind we might not get a very deep pullback just trading as it happens.
The current bouncing situation is very suitable for us to scalp trading. The operation suggestion is to enter the market with long positions first and then take profit at point A. I will continue to update below the post.