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Eurusdtechnicalanalysis

EURUSD: downtrend!Technical Overview The EUR/USD has been showing a negative trend since May 5, and Monday's slight improvement has not changed this trend. The immediate resistance level is at 1.0900, which is a horizontal level and the EMA-34 in 4-hour charts. If the Euro manages to go above this level, it could reduce the bearish pressure. However, to change the short bias from bearish to neutral/bullish, it must cross the downtrend line that is currently at 1.0950.
Short
by Jiren-SphynChannels
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 down to the support level of 1.0756 below. At the moment, there is quite a down side bias in the market for EUR. - After that EURUSD can go up to 1.1200 LEVEL according to the structure. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going DOWN, there will be more EURUSD SELL. So keep an eye on it.
by benny_marshall
EURUSD: Entry sell!Fundamental Overview Mario Centeno, a member of the ECB Governing Council, stated on Wednesday that the policy will continue to be strict for a while longer but indicated that interest rates ought to begin to decrease at some point in 2024. According to Bloomberg, some members of the ECB are suggesting that a rate increase may be necessary in September. This situation implies that there will be rate increases in both June and July. Predicting continuation of downtrend
Short
by Sphyn-Trader
3
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - University review euro market operates without sentiment. And connecting online, it is possible to create a positive feeling with positive emotions. NFP report. FOMC mobile phone. Increase the feeding rate and increase the ceiling rate. Necessary meeting is underway to monitor federal inflation data. - Market structure EuroUSD review 1.0836 support level review. There is a market bias for the euro university market. - EURUSD 1.1200 level structure online. Market sentiment shares and commodities sell below EURUSD. So pay attention to it
by benny_marshall
EURUSD: Your good position buy!Fundamental Overview Largade & Co's assessment that present financial conditions do not demand an immediate liquidity response is a favorable viewpoint. The policy rates in the rates and FX markets have a clear direction of travel, but it is now reliant on certain conditions. It is improbable that the policy rates have already reached their maximum point at 3.00%, which indicates that the EURO may strengthen on the crosses and possibly escalate on the FED pause. Plan in the intro
Long
by Sphyn-Trader
1
EUR/USD Maintains Auction Area above 1.1000 Amidst Risk-On MoodThe #EURUSD pair is currently trading in a sideways trend above the critical support level of 1.1000. The US Dollar Index (DXY) is also looking vulnerable above 101.20, indicating a possible uptrend for #EURUSD. Last week, the European Central Bank (ECB) announced an interest rate hike of 25 basis points (bps), and the ECB President, Christine Lagarde, kept the doors open for more interest rate hikes. This announcement has a comparatively more hawkish bias than the Federal Reserve (Fed). The US Consumer Price Index (CPI) data, which is expected to release on Wednesday, is the focus for investors after the United States Nonfarm Payrolls (NFP) report. Annual headline CPI is expected to soften to 4.4%, while the core CPI is seen accelerating to 5.8%. The #EURUSD pair has formed a Double Top chart pattern, which will get triggered only after slipping below the immediate support of May 02 low at 1.0942. However, the pair is showing signs of an upside momentum as the Relative Strength Index (RSI) (14) has shifted into the 40.00-60.00 range. TRADE IDEA DETAILS CURRENCY PAIR: #EURUSD CURRENT TREND: Sideways TRADE SIGNAL: ↗️Buy 👉ENTRY PRICE: 1.1035 ✅TAKE PROFIT: 1.1185 ❌STOP LOSS: 1.0942 #EURUSD #USCPI #ECB #InterestRateHike #DoubleTopChart #Inflation
Long
by RichDadph-FX
EURUSD Technical Analysis and Trade IdeaTaking a look at the #EURUSD currency pair, we can see that it has dipped into a support zone just before the New York session opens. On the 4H time frame, there is evidence of a lower high and lower low formation. Consequently, I am anticipating a retracement upwards towards resistance levels to identify a chance to short this. Please note that the video contains a detailed explanation and should not be regarded as financial advice.
Short
by fxtraderanthony
EURUSD: Buyer's next direction!Fundamental Overview The Euro currency is being strengthened by the anticipation of future interest rate hikes by the European Central Bank. Despite a drop in inflation, the ECB's Philip Lane stated that keeping interest rates at their current level would not be appropriate. As a result, the market's response to the recent release of German consumer inflation figures is expected to be subdued, but a higher CPI could slightly improve the EUR/USD pair. Expect EURUSD to continue to rise in the near future! Plan trade in the intro ♥
Long
by Sphyn-Trader
2
EURUSD: Correction of the uptrend!US Dollar's position as the primary global reserve currency is being challenged Over the past two decades, the proportion of the US Dollar in the global market has declined from 71 percent to 59 percent. There is a possibility that this share may decrease even further in the future. This situation adversely affects the United States since currency usage in global trade is a zero-sum game. Whenever a Yuan, real, or Rupee is traded on the global market, a Dollar is not. If other trustworthy alternatives become popular, it may compromise America's dominance in the global market.
Long
by Sphyn-Trader
EUR/USD Bullish Outlook still strong?The EUR/USD chart has recently displayed bullish tendencies, but how long can this upward trend continue? Our previous weekly technical analysis anticipated a reaction at the support level of 1.09098. As expected, the price reached this demand zone on April 17th, indicating significant buying pressure. While the daily timeframe seems bullish, the pair hit a critical resistance level at 1.10422. Price is currently trading above the 20-day EMA, but the MACD histogram shows weakening momentum, suggesting the support level of 1.09098 might fail soon. The 4-hour EUR/USD chart displays sideways movement within the 1.09098 and 1.10422 range. The 1-hour chart reveals a failed support level at 1.10090, now acting as resistance. A rejection at this level could lead to a break below the uptrend line, testing the main support at 1.09098, with potential for a bearish move. Several factors could influence the EUR/USD price next week, including the crucial support level of 1.0930, the S&P Global Composite PMI in the US, the ongoing natural gas shortage in the Eurozone, and geopolitical events such as trade disputes. Keep an eye on upcoming high-impact news events to stay informed and trade responsibly. Please hit the boost to support and follow me! for more updates.
by ClintOnos
EURUSD: Influence from USDUSD: Ugly inflation promises further flight to safety! The Federal Reserve is concerned with increasing prices, which are not decreasing at all. The highest level of inflation is not even visible yet, and it is expected to be in the future. This confirms that the bank will increase interest rates by 75 basis points for the fourth consecutive time in its November meeting, with a range of 3.75-5%. Additionally, it indicates that the peak rate will be 4.8% by March, which is higher than the bank's previous projections. The anticipation of higher interest rates is causing stress in the global financial system, prompting investors to seek refuge in the US dollar.
Short
by Sphyn-Trader
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 down to the support level of 1.0619 below. At the moment, there is quite a down side bias in the market for EUR. - Before that, EURUSD can go up to 1.0970 LEVEL according to the structure. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going DOWN, there will be more EURUSD SELL. So keep an eye on it.
by benny_marshall
EURUSD: The influence of USD!Hi trader, you look great today! The recent rise in CPI indicates that the Federal Reserve is unlikely to make any significant changes in their policies this year. While there are signs of fatigue among those who hold USD long positions, the prevailing trend is still towards a stronger dollar. Unfortunately, global growth is not synchronized at the moment, which would typically lead to a weaker dollar. Other factors that could weaken the dollar, such as China's move away from a zero-covid policy or the resolution of European energy concerns, are not expected to have an impact anytime soon. The possibility of a Fed pivot is also a distant prospect. Hot CPI means the Fed pivot is well beyond the horizon
Short
by Sphyn-Trader
EURUSD: Energy emergency program!Hello trader, do you think? During the ECB Watchers conference, ECB President Lagarde reiterated last week's decision, with a greater emphasis on the hawkish elements than the dovish ones. She emphasized the baseline scenario of ending APP in Q3 and interest rate hikes occurring sometime thereafter when discussing normalization. The most important aspect of her remarks is the focus on being "creative" and "designing new instruments" if necessary to address any threat to monetary policy transition and fragmentation. This is a strong indication of the possibility of an energy emergency program similar to PEPP, which could serve as a massive energy backstop. Such a program could counteract the negative effects of higher oil prices and encourage more investment in Europe, ultimately supporting the euro. Energy emergency program could drive more flows to Europe
Long
by Sphyn-Trader
EURUSD: Short term increase!Hello trader, What do you think? According to our projections, there will be a rate hike of 25 basis points in May and another rate hike of 25 basis points in June, resulting in the ECB's Deposit Rate peaking at 3.50% for this cycle. We believe that the current market pricing, which suggests a peak policy rate of approximately 3.09%, is insufficient compared to our expectations. Our optimistic outlook for the Euro's strength against the USD in the medium term is primarily driven by our confident predictions for the ECB policy. Further ECB tightening supporting outlook for medium term strength
Long
by Sphyn-Trader
2
‼️EURUSD SHORT‼️The market conditions for EURUSD are currently lucid and comprehensible. There is a significant volume pressure indicating a downward trend. We anticipate that the price will gather liquidity just above before continuing on a downward trajectory. Our analysis has identified two areas that may serve as strong supply zones. It is prudent to wait for the price to reach these regions before seeking CHoCH (confirmation of change) and any other confirmation signals indicating a new downward trend. Risk management remains paramount in all trading decisions. It is imperative to exercise patience and wait for confirmation before executing any trades. If you have any questions, please do not hesitate to comment below. Wishing you peace, @FxShzd team
Short
by FxShzd