EURUSD: Maintaining steady price increase!Hello everyone. Today, EURUSD continues its recovery streak, moving closer to the psychological level of 1.0900 while maintaining its position within the parallel uptrend channel. If the bullish trend holds, EURUSD could test the June high of 1.0916, followed by the March peak of 1.0981, the weekly high of 1.0998, and ultimately reach the significant 1.1000 mark.by Trader_BrianFXUpdated 3
analaysing eurusd right from weekly to 4hourjust as explained in my analysis, considering both dollar index and eurusd we have a clear indication and well calculated risk to reward ratio . follow for more updates and educational contents like this.Short07:03by kunmite_Fx0
ECB Expected to Cut Rates for the First Time Since 2019ECB Expected to Cut Rates for the First Time Since 2019 Two years ago, the European Central Bank (ECB) was criticized for being late to the party when the world’s major central banks began raising interest rates to combat the fiercest inflation surge in a generation. But it looks like the central bank won’t be late when it comes to cutting them. The European Central Bank is expected to cut interest rates at its June 6 meeting, as widely signaled in recent weeks by its policymakers. This will mark the first cut since March 2016 for both the main refinancing operations rate and the marginal lending rate. For the deposit rate, it will be the first reduction since September 2019. Will the ECB continue to cut rates after June? Despite the widely anticipated rate cut in June, recent remarks from ECB officials suggest there will be no pre-commitment to future cuts afterward. Data released on Friday showed that headline and core inflation (excluding volatile food and energy prices) both accelerated more than expected in May. Eurozone inflation also edged higher in the same month, reaching 2.6% above the expected 2.5%, while core inflation rose to 2.9% from 2.7% in April. Figure 1: Eurozone: Key interest rate and inflation over five years, Source: Morning Star Money markets are currently pricing in 43 basis points of ECB cuts by September and approximately 60 basis points by the end of the year. As a result, market expectations are caught between predicting 2-3 ECB rate cuts in 2024. Figure 2: Traders slash ECB rate cut bets, Source: Reuters traders will listen carefully to Lagarde's press conference and the ECB staff's new macroeconomic forecasts, looking for signals on the pace of rate cuts after June and, in particular, a possible second cut at the July 18 meeting Will the ECB Cut Before the Fed? Also, weighing on the ECB's move in June is the possible divergence from the Fed. The Federal Reserve is expected to delay rate cuts, and the market no longer anticipates a cut in July. This could widen the rate differential between the US and Europe, potentially causing funds to flow to the US and weakening the euro. The ECB institution has repeatedly said in recent months that it is independent of the US central bank, but economists are debating how far monetary policies on both sides of the ocean can really diverge. Analysts explain that a sharp divergence could weaken the single currency against the dollar, with potential upside risk to inflation forcing the ECB to become more cautious. The content published above has been prepared by CFI for informational purposes only and should not be considered as investment advice. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell. The information provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it, and is not held out as independent investment research and may have been acted upon by persons connected with CFI. Market data is derived from independent sources believed to be reliable, however, CFl makes no guarantee of its accuracy or completeness, and accepts no responsibility for any consequence of its use by recipients. by CFI3
Lingrid | EURUSD Possible Selling OPPORTUNITYThe price perfectly fulfilled my previous idea. It hit the target level. The market reached the resistance zone and then pulled back. FX:EURUSD is currently trading near the channel boundary, and I believe it's likely to break through it due to the significant sell pressure that has been building up from above. The price action has already taken out liquidity above the highs of the past three weeks, which suggests that the market may be poised to move lower. My expectation is that we'll see a two-legged pullback form, which would be triggered by a breakout of the channel. I expect a rejection of the resistance level, which would signal bearish dominance and provide a clear signal to sell the market. My goal is to support level around 1.08443 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Shortby LingridUpdated 3328
EURUSD 1H 1. Support Level at 1.08687: As long as the price remains above 1.08687, this level serves as a key support. In technical analysis, a support level is a price point where an asset tends to stop falling and rebounds due to increased buying interest. Traders should monitor this level closely. If the price approaches but does not fall below 1.08687, it may indicate strong market support, suggesting a good opportunity to enter a buy position or hold an existing long position. 2. Take Profit Level at 1.09160: The target or take profit level is set at 1.09160. This is the price at which a trader aims to close their position to secure profits. Once the price reaches 1.09160, it is advisable to sell or take profits, as this level has been identified as a point where the asset might face resistance and potentially reverse. Planning the exit at this level helps in maximizing gains while managing risk effectively. 3. Waiting for confirmation before entering a trade helps in improving the quality of trades, increasing the probability of success, and effectively managing risks. In summary, the strategy revolves around buying or holding as long as the price stays above the support level of 1.08687 and aiming to take profits when the price reaches 1.09160. This approach balances risk management with profit-taking, leveraging key technical levels to make informed trading decisions.Longby vbenking91110
EURUSDToday, I expect a decline from this chart, but before that, it should rise a littleShortby sepidehsky5
EURUSD BUY 1.08767 AreaEURUSD BUY 1.08767 Area This is my analyses Today News In EUR 3:15 In Qatar Time & What is Your Idea.Longby hamihayat1
Fundamental Market Analysis for June 06, 2024 EURUSDEvents to watch out for today: 15:15 GMT+3. EUR - Publication of the ECB's decision on the key interest rate 15:30 GMT+3. USD - Number of initial applications for unemployment benefits 15:45 GMT+3. EUR - ECB Press Conference EURUSD: The EUR and USD pair is strengthening around 1.0890 despite the US Dollar (USD) rebounding during the early Asian session on Thursday. The European Central Bank's (ECB) interest rate decision and President Christine Lagarde's press conference will take center stage in today's euro economic developments. The ECB is expected to cut interest rates by 25 basis points (bps) at its June 6 meeting, reducing the main refinancing rate, margin lending rate and deposit rate to 4.25%, 4.50% and 3.75%, respectively. Financial markets had anticipated that the ECB would cut the rate by 43 bps by September and by around 60 bps by the end of the year. The divergence between the ECB and the US Federal Reserve (Fed) could put pressure on the Euro (EUR) and create a headwind for EUR/USD. Across the ocean, speculation is mounting for the Fed's first rate cut in September as the US economy slowed in the first quarter. According to the CME FedWatch tool, traders now estimate the probability of a Fed rate cut in September at nearly 70%, up from 54.9% earlier in the week. The expectation of a Fed rate cut is likely to weigh on the US dollar in the near term. However, the release of stronger-than-expected ISM Services Purchasing Managers' Index (PMI) data for May provided some support for the dollar. The index rose to 53.8 in May from the previous reading of 49.4, beating the market consensus forecast of 50.8. On Friday, investors will turn their attention to the US Non-Farm Payrolls (NFP) data, which is estimated to add 185,000 jobs to the US economy in May. Stronger-than-expected US jobs data could further strengthen the dollar and limit EUR/USD gains. Trading recommendation: Trade mainly with buy orders at the price level of 1.0920. Consider sell orders at the price level of 1.0855.by Fresh-Forexcast20040
EUR/USD next move - update. Long , after big correction. Two possible levels, where I can use. Updated from today, for today's news.Longby You-to2
EURUSD: expected to have a downward adjustmentEURUSD: This currency pair in today's session is expected to have a downward adjustment in the context that the ECB will announce that EUR interest rates today are expected to decrease, so it is possible that EURUSD will re-examine the 1.0800 support area first. when the outlook increases again. However, observing on technical factors, the uptrend is still the dominant trend. You can consider waiting to buy with EURUSD today around the support area of 1.0800Shortby Chart_MasterPro5
EURUSD: Move SidewayHello everyone, this is Brian. Let's dive into EUR/USD! In the short term, this currency pair continues to recover, currently trading around 1.087. However, in the long term, it hasn't established a clear trend yet, as the 34 and 89 EMAs and the price are converging, with movement occurring within a range without any breakouts. Despite this, I remain optimistic about EUR/USD's upward momentum, supported by a trendline formed by two rising lows.by Trader_BrianFXUpdated 2
Euro $EURUSD EoM ReviewMonthly Price Boundaries: 1.09103 -OB 1.09472 EQ 1.06950 Prev Sellsweep19:43by LegendSinceUpdated 0
Could EUR/USD reverse from here?Price is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support. Pivot: 1.09140 1st Support: 1.08408 1st Resistance: 1.09487 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Shortby ICmarkets4
EURUSD Resistance Breakout At 1.08884 06.06.2024Resistance Breakout: 1-hour EURUSD chart at 1.08884 If Breakout Holds: Target: 1.08977 Next Target: 1.09095 If Breakout Fails: Support Level: 1.08819 Next Support: 1.08752 Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)Longby BDSwiss_Academy0
EURUSD - BUY SIGNALBuy opportunity in the FX:EURUSD with a target at 1.09800 for a profit of 100 pips. After knowing the worse than expected data from the JOLTs survey of job offers, buying pressure has been added. Yesterday, in the derivatives market we saw a large volume of call options with strike 1.10000, so my target is between the 1.09750 - 1.10000 zone. Guys, what do you think? Leave a comment with your thoughts.Longby tradingconmikeUpdated 44311
#EURUSD - 06062024I was more bearish EURUSD yesterday. We got the dip below the 1.0856 strong level, a rally then the second dip, almost hitting the 1.0852 before the huge recovery. EURUSD though bearish is supported. In addition, we can see GBPUSD closed red, thus overall is more bullish than bearish. EURUSD opened and move higher from open. IMO any dips to PZ is buyable, or if PZ breaks, could see re-test of lows at 1.0852 but overall 1.0852 would still be a long for me for a move higher.by FadeMeIfYouCan0
ECB Rate Cut Looms: EUR/USD Set to Slide?Given the increasing likelihood that the ECB will cut rates before the Fed, further EUR/USD depreciation could be anticipated in the coming days/ weeks. A move below the 100-day moving average would have traders looking toward the 200-day moving average of 1.0853. However, weaker jobs data from the US this week is tempering this expectation, which means some upside targets can be charted still. If bulls maintain control, EUR/USD may test the June high of 1.0916, followed by the three peaks of March, before reaching the crucial 1.1000 level. The JOLTs job openings report showed a decline of 296,000 from the previous month, dropping to 8.059 million in April 2024. This is the lowest level since February 2021 and below the market consensus of 8.34 million. The ADP Employment Change report revealed that private US hiring in May increased by 152,000, falling short of the estimates of 175,000 and below April’s figure of 188,000. Next up is the NonFarm Payrolls report on Friday. For the exact date and time, import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts directly to your inbox, enabling you to plan your positions in advance. by BlackBull_Markets3
EUR/USD Faces Long-Term Sell After 1Y PP RejectionHello Everyone, EUR/USD is currently a long-term sell after being rejected by the 1-year Pivot Point (1Y PP). The next significant obstacle will be the 1-week Pivot Point (1W PP). Let the bearish trend begin! TradeWithTheTrend3344Shortby TradeWithTheTrend33448
EURUSD BUY NOW!!!!!!We got liquidity sweep on eurusd and price made a correction from the fvg zone now am sitting on buys from this zone till we sweep liquidity above 1.09200 Am in on long from this zone JOIN AND ENJOY..............Longby CAPTAINFX210
EURUSD AnalysisEURUSD broke out the uptrend channel and activated a bearish sequence with target toward 1.0800by Hassanberjawi1