The strength of the dollar at the present time can cause the euro to fall to strong buying areas at 1.082. These are strong levels for buying, and the current levels are strong for selling. Therefore, we expect the price to rise to levels of 1.098, after which the decline will begin, the aforementioned target.
According to the waves analysis we can expect that price rise again to the green zones. This is my personal opinion and is not an offer to buy or sell, please act according to your trading plan follow me for more ideas
By examining the EURUSD chart in the 30-minute time frame, we can see that today, after the strengthening of the dollar index, this symbol was accompanied by a heavy fall, and with a fall of 60 pips, it was able to correct up to 1.08830 and enter this level of demand! The initial expectation is a positive reaction to this level, and then by entering the supply...
EURUSD
New Forecast
The EURUSD stabilized under 1.0903 and the price continued trading inside the channel.
So if the price can break the top resistance, which is located at 1.0903, it will increase the climb chance to 1.0999.
But trading between 1.0903 and 1.0859, especially trading under 1.0903, will support the price to pass the 1.0859 level.
Pivot...
EUR/USD, H4 15 March 2024
The EUR/USD pair sustained bearish momentum driven by US Dollar appreciation following
stronger-than-expected inflation data. Diminished expectations for Fed interest rate cuts in the short term contrasted with upcoming ECB policy maker comments on monetary policy prospects in Europe. Investors monitored monetary statements for further...
In recent trading sessions, the Euro has encountered a downward trend against major currencies, prompting market analysts to delve into the underlying factors contributing to its decline.
Several catalysts have emerged, shaping the Euro's current trajectory. Firstly, concerns surrounding the Eurozone's economic recovery have weighed heavily on investor...
The euro remains resilient amidst ongoing uncertainties in the global economy. Despite challenges posed by geopolitical tensions and the COVID-19 pandemic, the euro has maintained stability and shown strength against major currencies.
Recent data indicating signs of economic recovery within the Eurozone have bolstered confidence in the euro. Proactive measures...
The Euro's journey traces back to its inception in 1999, a bold experiment in monetary integration that sought to foster economic cooperation among European nations. Since then, the Euro has emerged as a formidable force in the global currency markets, challenging the dominance of traditional powers like the US dollar.
👑EURUSD Swing Trade Signal👑
🔔 Signal: Sell EURUSD now at 1.08904
🎯 Take Profit: 1.08266
🛑 Stop Loss: 1.09178
📈 Trade Rationale:
The EURUSD pair is showing signs of bearish momentum, with price action indicating a potential downtrend.
The current resistance level at 1.08904 offers an attractive entry point for a short position.
We expect price to move downwards...
The Euro is poised for a potential decline this week as market uncertainty prevails, casting a shadow over its price outlook.
Recent indicators suggest that the Euro may encounter downward pressure in the coming days. Factors contributing to this sentiment include lingering concerns over inflationary pressures, geopolitical tensions, and mixed economic data...
EUR/USD encountered resistance following an initial bullish surge on Wednesday, subsequently retreating slightly below the 1.09450 level in Thursday's European morning session. The price action indicates a potential reversal, with the currency pair trading within a supply area and the 61.8% Fibonacci level suggesting a bearish setup. Additionally, a sell limit has...
The daily chart for EUR/USD indicates a bearish outlook, presenting a compelling short opportunity. The price has recently broken below a significant support level, affirming a potential continuation of the downward trend. This breach is accompanied by the formation of a bearish candlestick pattern near a previously tested resistance zone, reinforcing the short...
Amidst fluctuating global markets, the EUR remains a pivotal currency, reflecting the resilience and interconnectedness of the Eurozone economies. As economic uncertainties persist, strategic measures and collaborative efforts among member states are imperative to safeguard the EUR's stability and foster sustainable growth.
USD Strengthens Sharply after Inflation News
Yesterday's publication of producer price indices in the US was a surprise:
→ Core PPI: actual = 0.3%, expected = 0.2%.
→ PPI: actual = 0.6%, expected = 0.3%.
Higher producer prices indicate that high inflation may remain longer than expected. And this reduces the likelihood of the Fed easing monetary policy. Markets...
Since its inception in 1999, the Euro has stood as a beacon of economic integration across Europe. As the official currency of 19 out of 27 European Union member states, the Euro facilitates seamless trade and financial transactions within the Eurozone. Despite occasional challenges and disparities among member economies, the Euro remains a symbol of unity,...
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![EURUSD: DAILY ANALYSIS // March 15, 2024 [ #EURUSD ]](https://s3.tradingview.com/l/lNdixRou_mid.png "DAILY ANALYSIS // March 15, 2024 [ #EURUSD ]")
