Inflation figures for the US for January showed a modest increase from anticipated. Inflation rate in January was standing at 3.1% on a yearly basis, a bit higher from 2.9% expected by the market. Core inflation reached 3.9%, above forecasted 3.7%. Core inflation on a monthly basis was 0.4%. Retail sales for January surprised the markets with a drop of -0.8% on a...
My long term outlook on EU. Expecting a little push into some of the higher supply zones before continuation lower, potentially into the lowest demand zone. DXY is also very bullish so it gives us extra confluence to our bias.
📌By examining the trend in the four-hour time frame, EUR/USD has a very important resistance range in the range of 1.0805-1.0793, and it seems that if it is maintained, the parity ratio can reach the support of the intermediate level in the Fibo range of 127.2% in the number decrease to $1.0669.❌
Hi folks,it's my opinion on EURUSD on 15 min . After sweep the sell stops if form FVG in lower time frame I prefer long position.
💹 Forex Quick Check: #EURUSD 📉 Trend: RANGE 🚀 Action: SHORT @ 1.07864 🎯 TP: Unspecified 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #EURUSD. #EURUSD is in the strong down trend. Here we can see a strong bearish momentum. Also we can see that there are rejection candles too, so we can for the short position at this...
Dear friends, at the beginning of this week's gold trading session, EURUSD indicates a new recovery level after the previous closing session. The short-term outlook still suggests the possibility of a EURUSD price decline. At the time of writing, the price is trading steadily around 1.0781, up 0.08% for the day. Meanwhile, the US dollar has weakened amidst thin...
Hello everyone, EUR/USD continues its downward trend and is still being hindered below the 1.0800 level. Currently, the price is trading in a bullish recovery trend with the aim of correcting the previous sharp decline, but it is still limited below the EMA 34 moving average technical indicator, which is at 1.07750. In the current scenario, I expect EUR/USD to...
READ CAREFULLY ! we are going to enter only when it's going to retest our entry zone! don't FOMO even if its break out to the downside and aggressively wait patiently and enter only when it retest on our entry zone!
Please, check our technical outlook for EURUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.076. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.074 level. P.S The term...
Hi fellow traders. With HOT USD CPI and PPI numbers in the rear view mirror, the FOMC minutes from the January will be the highlight this week. It will provide more insight into their individual though processes. However, I do not see any fundamental reason for the downtrend NOT to continue. As mentioned in IDEA 16, I am short at 1.0790 and price exceeded the two...
Yesterday was a bank holiday in the US and the EURUSD remained sideways. At current levels there is no basis for new trades and developments must be awaited. Important resistance is the levels around 1.0800 and we will watch how it reacts from them. Yesterday we also commented on the weekly close which suggests an upside and we will look for entry grounds.
This is my Intraday analysis on EURUSD for 20 Feb 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m - Scenario 1 15m - Scenario 2 4H Chart Analysis 1. Swing Bearish INT Bearish INT Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and...
This indicator is useful for whom trade with "Smart Money Concept (SMC)" strategy. It helps SMD traders to identify fake or weak zones in the chart, So they can avoid taking position in this zones. This indicator marks "Asia session" as well as "London and New York's Lunch Time (one hour before London and NY session starts)" zones. It also marks Inside Bar...
EUR/USD continues to move up and down in a tight channel below 1.0800 early Tuesday after closing the first day of the week slightly lower. US Price Index (CPI) data for January could help break the range in the second half of the day. Inflation in the United States, measured by the change in the consumer price index, is expected to fall to 2.9% in January from...
The EUR/USD pair picked up some momentum ahead of the daily close but remains below the 1.0800 threshold. From a technical point of view, the daily chart shows that EUR/USD remains below its moving averages, with a bearish 20 Simple Moving Average (SMA) about to cross below the 100 SMA, both converging in the 1.0790 price zone. At the same time, technical...
The EURUSD has established a robust bearish channel, but recent price action suggests a potential reversal as it shows signs of respecting a significant support/demand zone at the lower end. Should the price embrace a bullish sentiment and manage to breach the current structure, it may pave the way for a complete reversal to the upside, targeting recent swing highs.
Greetings EURUSD traders! How do you foresee the movement of the EURUSD pair today? With the markets closed for the holiday on Monday, EURUSD remained relatively stable, primarily oscillating around the 1.076 level. The overarching trend still appears to favor the bears, with prices firmly entrenched within a descending channel and lacking the momentum to break...
EURUSD is struggling to move higher after retracing to a strong resistance zone. The US dollar has posted strong economic data that has resulted in an uptick in US inflation. The markets are likely to consider buying more USD as the FED is likely to keep currently elevated interest rates for longer, in order to tackle sticky inflation.