EURUSDEuro analysis Time frame of 4 hours Any rise in the euro gives us the opportunity to trade shorts to reach the 4-hour demand areas.Shortby m0neyminer0
EURUSDEuro analysis Time frame of 4 hours Any rise in the euro gives us the opportunity to trade shorts to reach the 4-hour demand areas.Shortby m0neyminer0
EUR/USD Exchange Rate Has Fallen Below 1.08 LevelEUR/USD Exchange Rate Has Fallen Below 1.08 Level As the EUR/USD chart today shows, yesterday the rate dropped by 0.46% – the most significant strengthening of the US dollar against the euro in one day this month. Moreover, the rate fell below the psychological mark of 1.08 euros per dollar (in the first half of May, it served as resistance). Yesterday's movement was influenced by: → news of rising inflation in Germany. As reported by Think.ING, inflation reached 2.4% year-on-year, up from 2.2% in April – highlighting uncertainty and the resilience of inflation; → the rise of the US dollar, driven by falling Treasury bonds, which increased the appeal of the American currency due to both higher yields in the US and demand for safe-haven assets. Analysing the chart on 23 May in the article "EUR/USD Price Forms Bullish Reversal," we: → drew an ascending channel (shown in blue); → highlighted the importance of resistance at the 1.0875 level. Since then, the price has risen from 1.08393, bouncing off the lower boundary to the aforementioned resistance at 1.0875, but it failed to break through. This was followed by yesterday's decline. In addition: → the EUR/USD price broke below the lower boundary of the blue channel, putting its relevance into serious doubt; → the price formed an A-B-C-D structure (with the D low possibly yet to be rewritten) of two lower lows and highs, indicating a potential shift in the May trend from bullish to bearish. For now, the market is holding above the 1.08 level, but it is possible that upcoming news (notably the release of the US PCE index tomorrow at 15:30 GMT+3) could disrupt the balance. If a new batch of fundamental drivers leads to another bearish impulse, we could assume that a broader downtrend (indicated by the red channel, originating from the July 2023 peak) is resuming. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen229
EURUSD WAVE 4 SCENARIOEURUSD possible wave 4 in progress as a triple three which should drive the price lower toward the Bullish OB and Fair value Gap (FVG) Invalid on chart . Good LUckShortby Alpha_54321Updated 335
EUR is in Correction Up#market_pulse #currencies ☕️ Dollar Ascendant as Surging US Yields Spur Safety Bid ▫️ Dollar: The dollar scaled a two-week peak against major peers on Thursday, as a rout in Treasuries improved the currency's allure due to higher U.S. yields and demand for safe haven assets. The dollar index reached 105.17, the highest since May 14. ▫️ Euro: The euro slipped to $1.079375 for the first time since May 14, extending its losses. ▫️ Pound Sterling: Sterling sank to $1.2696, continuing its retreat after reaching $1.2801 on Tuesday for the first time since March 21. ▫️ Japanese Yen: The yen climbed off an overnight four-week low of 157.715 per dollar to last trade at 157.36. Despite higher Japanese bond yields, the yen remains weak amid suspected intervention and rising U.S. yields. ▫️ Australian Dollar: The Aussie eased to $0.6653, retreating from recent highs even after Australian inflation unexpectedly rose to a five-month high in April. ▫️ New Zealand Dollar: The kiwi slipped to $0.6122, also pulling back as U.S. rate cut expectations were dialed back. ▫️ Swiss Franc and Chinese Yuan: The Swiss franc touched its lowest since April 2023 at 0.9928 per euro. The yuan weakened to 7.24 per dollar, its lowest since early May. ▫️ Treasury Yields: A two-day, 15-basis point jump above 4.6% for long-term Treasury yields spooked investors, sending global equities sliding sharply and spurring a rush to safe haven assets. ▫️ Market Outlook: Revised U.S. GDP figures are due later today, followed by the release of the Personal Consumption Expenditures (PCE) price index on Friday, the Fed's preferred measure of inflation. 👀 Key Developments to Watch: Revised U.S. GDP figures later today PCE price index release on Friday Tokyo CPI on Friday Japan's finance ministry data on intervention size 💵💵💵 GET $20,000 JUST FOR $99 *** PERFECT20 (promo code)Longby sabiotrade0
EUR/USD Hits Weekly High Amid USD Weakness and ECB UncertaintyEUR/USD reached a new weekly high of 1.0880 during Tuesday’s European session. The major currency pair's strength can be attributed to a softening US Dollar (USD) and increasing uncertainty surrounding the European Central Bank's (ECB) future rate cut decisions following the June meeting. The robust economic outlook for the United States and hawkish guidance from policymakers on interest rates have led traders to adjust their rate expectations. Market speculation on potential Federal Reserve rate cuts will be particularly influenced by the core Personal Consumption Expenditure (PCE) price index data for April, scheduled for release on Friday. The core PCE inflation data, the Fed’s preferred inflation measure, is anticipated to have remained steady on both a monthly and annual basis. This data will be crucial in shaping market expectations for the Fed's monetary policy trajectory. From a technical perspective, EUR/USD’s recent price action aligns with our previous forecasts. The currency pair opened Tuesday with a bearish candle at the 78.6% Fibonacci retracement level from the previous swing high. This technical indicator suggests that the pair may be poised for a bearish reversal, potentially leading to a price retracement. The market is also closely watching for signals from ECB policymakers regarding the future path of interest rates. The uncertainty over how aggressively the ECB will reduce key borrowing rates after the June meeting adds an additional layer of complexity to the EUR/USD outlook. ECB officials have recently expressed mixed views on the timing and scale of future rate cuts, which has contributed to the pair's volatility. Furthermore, traders will be monitoring other significant economic indicators this week. In addition to the core PCE data from the US, the market will pay attention to any comments from Federal Reserve officials, as their statements could provide further insights into the Fed's policy stance. The US economic data and Fed communications will be key drivers of USD movement, impacting EUR/USD dynamics. Overall, while EUR/USD has shown strength recently, driven by a weaker USD and ECB-related uncertainties, the technical outlook suggests caution. The bearish candle at the 78.6% Fibonacci level signals the potential for a bearish reversal. Market participants will need to closely watch upcoming economic data releases and central bank communications to gauge the likely direction of EUR/USD in the near term.Shortby FOREXN1Updated 116
EUR/USD Analysis: ECB Stance and Market ExpectationsThe EUR/USD pair has shown strength as European Central Bank (ECB) policymakers refrain from committing to extending the rate-cut cycle beyond the June meeting. This cautious stance suggests that ECB officials are wary of aggressive policy easing, which could reignite inflationary pressures. Market Expectations Adjust In light of recent economic indicators signaling persistent price pressures, such as the Negotiated Wage Rates for the first quarter and the preliminary HCOB Composite Purchasing Managers Index (PMI) data for May, traders' expectations have shifted. Initially anticipating three rate cuts this year, market participants are now expecting only two. Technical Analysis From a technical perspective, the EUR/USD is nearing the 61.8% retracement level from the previous swing high after a pullback around the 1.0800 level. There are several resistances above, with the first significant resistance at the 1.0860 area, and a more crucial resistance at the 1.0900 level. Our outlook suggests a potential bearish retracement towards the 1.0750 level.Shortby FOREXN1Updated 5519
Eurusd sell offdouble tops reversal + retest = check Uptrend structure broken = check Go sell Fiber!Shortby Uzi-Trades-Forex225
EUR/USD Intra Day Play. EUR/USD did as expected and accumulated during the Asian session. 📈 We are now experiencing the manipulation phase as part of the London open, in line with the AMDX (Accumulation, Manipulation, Distribution, X) theory. As the quarters go, the new one will start at 12 PM, and I expect the distribution to continue. 🕛 There's a ton of options expiring today, which could add volatility to the market. With significant expiries at the 1.0800 level, it might act as a magnet for the price. I am still anticipating a move to the downside as the DXY looks set to extend upwards from 105.083 to 105.401. This will likely impact EUR/USD and also XAU/USD to continue their downward trajectory. 📉 I'm looking at Sells for the EURO below the key level of 1.07963, aiming for an entry at 1.07884. Let's see how the morning opens up and take it from there. Stay sharp and ready! ⚡️ Happy Trading! 💪Shortby FXCapitalClub1
CHART BREAKDOWN EURUSD: Key Levels, Targets and Thoughts!Trade Update: EUR/USD We have some great news on our recent EUR/USD trade! 💲 After analyzing the market conditions and identifying a solid setup, our trade has successfully Hit Take Profit 1 (TP1). This made sure that the majority of our positions have been secured and cashed out some of our gains, allowing us to lock in profits and reduce risk. Following this, we moved our stop loss to breakeven to ensure no loss on the remaining position. This strategy not only protects our capital but also gives us the opportunity to capture further potential gains with zero risk on the table and cashing out on TP2s and TP3s. Stay tuned for more updates and happy trading! 🚀Longby TTradessss11
Bullish sentiment on EURUSD My bullish sentiment on EURUSD are backed by the following confluences- 1) Market structure (BoS), 2) IMB-Demand, 3) Imbalance, 4) Liquidity(take profit liquidity). So my markups are done on the 4hr timeframe which is my major higher timeframe (HTF) used. So price has successfully broken structure higher showing a continuation in the bullish trend, and price has retraced back down to first fill up the imbalances, where this retracement of price back to my point of interest happened to be my Liquidity which is my 4th confluence,price has to reach my main point of interest which is the Demand below to mitigate it. If price successfully tends to respect the Demand zone,I’m expecting it gives me my basic entry structure on the lower timeframe which is a-lower low,lower high, lower low and then a higher high. Then if this emerges successfully I’ll have my entry placed on any demand formed on the lower timeframe. Where I’ll be targeting a minimum of 1:2.5RR as profit target. Note: the financial market is all about probabilities, which also makes my analysis a probability.Longby MeekBosslife2
eurusd turned bearishbearish liquidity zone on monthly, weekly and daily has been hit, price is highly likely to fall, i've opened 2 different positions each targeting the targets, keep an eye for updates when i announce partial take profit or for managing risk, our aim is to bank the whole move but we are open to all possibilities Shortby Khalidd93Updated 445
Bullish bounce off 38.2% Fibonacci support?The Fiber (EUR/USD) is currently at the pivot which acts as an overlap resistance and could rise to the 1st resistance. Pivot: 1.0793 1st Support: 1.0742 1st Resistance: 1.0842 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. Longby ICmarkets116
Potential SELL STOP on EUR/USD from 1.0883I have a potential EUR/USD SHORT trade from 1.0883. 1.0883 is WR1 (weekly resistance 1) pivot and this pivot co-incides with a line of resistance which was last weeks high (Monday 20th May). This morning, 1.0879 has proven too tough to break for EUR/USD BULLS despite several attemps. It's possible we may see EUR/USD decline from these levels though the proximity of the WR1 is usually irresistable and my guess is that we'll see a final push to reach the pivot. This effort may be too much for EUR/USD BULLS and I'd expect to see SELLERS jump in at WR1 and drive the price south. On the D1 time frame we can draw a trendline from the 18th July 2023 high (1.1279) through the March 8th 2024 high at 1.0983 and this line meets the recent high at 1.0898 12 days ago and we are now up against this line. All this means that EUR/USD BULLS have it all to do to head much higher and I'd expect to see a reversal in the 1.0900 to 1.0880 area. If we do indeed readh WR1 and we see the price stall and reverse (as expected) then I'll use the Andean Oscillator to confirm the SELL trade and once I see the lower time frames turn BEARISH then I'll enter SHORT. Although we've been in an uptrend since mid April, the overall structure remains BEARISH. A break of the trendline mentioned above though could be signfiicant as a look at the D1 time frame shows us that we are in a well defined flag/pennant formation and if price breaks out north then we can expect to see EUR/USD head much higher. Shortby forextraplacesUpdated 3
Trad ideas forexim looking for buy It has a relatively good eur flow Marked area looking for entry point to buy This analysis is not financial adviceLongby tradingbtcusdtamir1
Short Liquidity Available. Bulls incoming.Too many retail traders thinking the shorts will continue either today or monday we'll see a reversal back up and the previous highs probably tested. This down trend isn't fundamentally justified to this extent. Major OVERselling. Longby KomeFXX2
@EURUSD Down trend needs to be corrected.2 Day sudden move down which is supported by the fears surrounding the EURO atm. That's fine but with constant negative news on the USD and 2 major news events today we're gonna get a correction and now is NOT the ideal time to short people think it is. Even if it goes to Monday i'm bullish at this point on EURUSD.Longby ProfessorMartin336
Bears continue to dominate EURUSDDear traders! EURUSD has bounced off the range support, as the price tested this support several times. Therefore, the upcoming prospects of EURUSD will be under dominant pressure from the bears. It is expected that this price drop will reach the 1.0728 mark at least.Shortby IAm_RyderUpdated 5518
EURUSD - UniverseMetta - Analysis#EURUSD - UniverseMetta - Analysis The price consolidated below the trend line and formed a 3-wave structure, which may indicate confirmation of a further fall. This structure formed near the upper boundary on W1. since there was no retest. Global goals 1.04750. In the short term, we expect a fall to the levels of 1.07400. To cancel the idea, one can consider forming an ABC structure. To confirm, it is better to wait for the formation of a 3-wave structure on the junior time frame. Target 1.07400 - 1.04750Shortby Trade-U-Metta4
EURUSD → False resistance breakout. Decline to 1.075?EURUSD is testing range resistance and forming a false breakout with further confirmation of the boundary. The bears are strong and are not letting the price beyond 1.0884 yet. On Thursday and Friday strong and important news are published. Traders are interested in US GDP and PCE. There is a high probability to see data that could be bullish for the dollar in the current circumstances. As for EURUSD - trading inside the range may continue. Technically, I am waiting for a bounce from the local trend support and a retest of the resistance before a further decline. Resistance levels: 1.0884, 1.0942 Support levels: 1.0802, 1.0736 False break of resistance is a confirmation that the price is not ready to go up yet. A breakdown of the scenario is possible, if the price breaks through and consolidates above 1.0884, but there are no reasons for that. We expect a breakout of 1.0836 with the purpose of further fall. Regards R. Linda!Shortby RLindaUpdated 2224
Assessing the EURUSD trend: The bears are dominating!Hello everyone, Brian here! What do you think about the future trend of EURUSD? Looking at the 4-hour chart, EURUSD continues to be under pressure in a downtrend. This currency pair is under the control of the bears, with strong selling pressure since last evening. EURUSD has broken through several key support levels, the most recent being the psychological level of 1.080. Based on technical factors, I still expect and assess that EURUSD will continue to adjust further to the projected area after a mild retracement as indicated by the analysis.by Trader_BrianFXUpdated 8
EURUSD SELL NOW!!!!!!!!!!!!EURUSD made another breakouts in structure from the sell side liquidity and due to the selling pressure price creates fvg zone and am expecting a retracement from that zone then from there am taking a sell entry with tp 1.06169 JOIN AND ENJOYShortby CAPTAINFX24
Strifor || EURUSD-30/05/2024Preferred direction: SELL Comment: The price did not approach the level of 1.09000 , at least in the first half of this week, and the euro quickly fell to 1.08000 . In the short term, the decline is likely to continue. An important point, of course, will be today's statistics from the US on GDP , the labor market, and so on. We consider two scenarios, which are depicted in the graph. Scenario №1 assumes a fall from the level of 1.08000 , below which the price is currently located. Scenario №2 - preliminary growth above the level of 1.08000 , the buyer’s attempt to gain a foothold above, and to sell it will be necessary to wait until it closes below the specified level again. The target for the fall is considered to be at the level of 1.07500. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Shortby Viktor_strifor_analystUpdated 113