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Euro FX Futures (Jun 2019)Euro FX Futures (Jun 2019)Euro FX Futures (Jun 2019)

Euro FX Futures (Jun 2019)

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6EM2019 trade ideas

Why the EURUSD might trade higherFollowing Powell's statement at the annual Jackson Hole symposium – “We are prepared to raise rates further if appropriate and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.” – markets seem more inclined towards expecting another rate hike in the US. This move, in our analysis, provides the Federal Reserve (the Fed) with added flexibility for future decisions. Meanwhile, the European Central Bank (ECB) echoes a similar sentiment, insisting on remaining stringent as the battle against inflation is ongoing. A dive into headline & core inflation shows a decline in the former for both the EU and US. However, Europe's core inflation remains stubbornly high, without evident signs of decreasing. Further, Europe's robust PMI, in contrast to the sub-50 US print, paired with this sticky core inflation, indicates that the ECB might maintain its tight monetary stance to combat inflation. The Futures and OIS market can give us some insights on market participants’ expectation of the forward rate path. Here we see similar expectations of an increase in rates before cuts are priced in. Generally speaking, interest rate differential is inversely related to the EURUSD, hence in the chart above we see this relationship in play with the US-EU Interest Rate, roughly marking out the inverted EURUSD path. From 2019 to 2022, where we saw the rate differential held constant after a period of decrease, the EURUSD traded higher during that period. Hence whether the ECB tightens further or keep in line with market expectations, we see potential for the EURUSD to trade higher given historical precedence. The US dollar is currently hovering near the upper threshold of a descending channel. The previous 3-times when RSI reached such levels marked the turnaround point for the dollar. On a longer-term chart, we see the EURUSD trading right above the 1.08 level which has been a key support & resistance level going back to 1970s. Zooming in, the EURUSD pair now trades on the lower band of an ascending channel with RSI pointing oversold. Again, the past 3 times when RSI were at this level marked the reversal point for the EURUSD. Hence, whether the ECB reacts with more hikes as expected by market participants, or it stays the expected course, the EURUSD is likely to trade higher as we look back in history. Supported by technical, and the potential for a weaker dollar as it trades near resistance, we favour a long position in the EURUSD Futures at the current levels of 1.0827 with a stop loss at 1.05 and take profit at 1.130. Each 0.00005 increment per EUR in the EURUSD futures contract equals to 6.25$. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description. Reference: www.cmegroup.com www.cmegroup.com
CME:6E1!Long
by inspirante
Euro Futures 6E1 Finding Support?Looking a 4 hr line chart at some reoccuring retrace levels and time cycles we can see price is reaching the 70% retrace level of our last major uptrend. The question is will it be "retrace" and bounce or break the low of the last major swing signaling a reversal of the longer running macro uptrend. Looking at the log chart we can see the rate at which price is dropping is slowing signaling we may be finding support at a 70% retrace of the last swing. IF we are finding support a reasonable expecation would be to form a range of accumulation before seeing a push to up side. The current chart is pointing out squares of time and price from the down trend giving high probability price levels and time cycles of future trend. First major point of resistance is the 1.96 zone where we have the .236 retrace level of the entire down trend IF it is has bottomed, the 50% retrace level from the last high of the downtrend, the 45 degree mark from squaring the last down trend, and the 200 EMA on the 4hr. Just looking at the chart this zone could be an accumulation zone for a continuation of macro uptrend or if we are seeing a macro reversal it could also be seen as point of rejection and continuation of our current down trend. Current trading plan is to trade the current range from this hopeful low to local resistance. IF it brakes to the upside next local target would be the swing golden pocket. IF it brakes to the down side there is a small gap to fill down to the 1.081 area. Trade Well......
CME:6E1!
by Degen-Dynasty
volume analysisEURUSD is super clear up trend structure after many impulsive up wave price take a rest on corrective phase the problem is corrective phase have so many structure so we don't know support on 1.125 can hold the price or not now let talk about volume analysis on m30 chart if you check on 17 July 8:30 and 18 July 8:30 CT time (20:30 in Thailand time) you can see that very big volume happen their on red bar if you see footprint chart from order flow analysis platform like ATAS NINJA Jigsaw too bad Tradingview cannot see this data you will see big buy limit order see their that probably (not surely) big player absorb the selling from retail I know no one read this LOL I just note for myself to comeback and review my trade ^^
CME:6E1!Long
by tofinse
#6EU2023, Euro Trade Plan The appearance of naked puts in liquid areas on a rising trend is an excellent chance to start long positions. The option position created on July 14 is substantial enough to make an impact  and, most likely, continue the Euro's trend move. We do the best research as we can to find new opportunities in the massive amount of information every day to help you make data-driven trading decision. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all! Stay tuned!
CME:6EU2023
by ClashChartsTeam
EURUSD Futures (M6EU2023) ShortThe micro EURUSD is in a confirmed trend change from bullish to bearish. The DXY is Bullish. Price has retested the new bearish trend line establishing a new bearish trend, creating a bearish trend trade setup. It is an opportunity to enter early at a good price. Trade Ideas: Take the next 240 candle short on a sell stop at 1.0948. Stop at 1.0988 (above the wick on the engulfing candle to the left). Target at 1.0860 just above support. Set an alert at 1.0904 because of a small supply zone there. Trade will need close monitoring here. Use at your own risk because only you own your risk.
CME_MINI:M6EU2023Short
by MrPresident