SHORT EURUSDJust an idea and trade at your own risk.
EURUSD is still bearish and in its downtrend channel on the daily and weekly timeframes.
The next targets are around the next demand zones first at 1.07 and then 1.05.
EURUSD is heading to the lower downtrend channels (intersection of white and red downtrend lines) at the stronger demand zone at 1.05.
Eurousd
SHORT EURUSDJust an idea and trade at your own risk.
EURUSD remains bearish on all timeframes.
EURUSD rejected twice the previous demand and current supply zone around 1.1150 (which now stands now as a resistance area for change in trend).
EURUSD is almost breaking out of its bearish flag, to reach out to the next demand zone and the lower downtrend channel at 1.05-1.06.
EURO is deemed to drop!-While rising inflation puts extra pressure on FED's monetary policy strategies, at least they are trying to do something about it with their little 0.25 hikes (don't get me wrong, sarcastic over here).
-But the European Central Bank (ECB) is not even doing that. They are planning to raise the rates in Q4 although Europe is expected to have worse inflation than U.S. That's because Europe has a higher dependency on energy and commodities that comes from Russia.
-We don't see euro going up in short-mid term.
SHORT EURUSD (4H timeframe)Just an idea and at your own risk.
EURUSD is still bearish and still in its downtrend on all timeframes.
It is nearing its end correction phase after reaching the supply zone around 1.11-1.12 and a bearish flag is forming.
The next breakdown will lead to yearly lows into the next target and demand zone 1.05-1.06.
$EUR/USD - Euro Putin a Tight Spot (short-term)Are Elliott waves pointing to a military incident in Europe?
Gotland is a Swedish island in the middle of the Baltic Sea , commanding a key strategic position. In 1915 , the Battle of Gotland was a crucial moment in The Great War , with the navy of the German Empire being defeated by that of the Russian Empire . Assisting the Russian navy that day was a British submarine. It’s fair to say that such an allied arrangement is unthinkable today.
Sweden has just sent troops to Gotland to shore up its defenses as alarm over Russian belligerence grows. This is a significant development and ups the ante in the stand-off between NATO ( the North Atlantic Treaty Organization ) and Russia . Tensions in Eastern Europe have been rising for the last few years as it became clear that President Putin of Russia was intent on re-establishing , if not the land mass, then certainly, the psychology of the Russian Empire . The 100,000 Russian troops parked on the border with Ukraine is testament to that . With NATO-Russian talks at a stalemate, the jungle drums of conflict are getting louder.
If there were to be a military incident in Eastern Europe, then most people would think that the European Union euro would fall in value, at least initially. Such is the conventional causality thinking. It often seems like this when an event happens, but if we look closely, then a lot of the time we can see that Elliott waves were pointing to the financial market movement before the event took place . Check out the chart of the Turkish lira versus the U.S. dollar and you will see a very distinct triangle , pointing towards a weaker lira, ending in June 2016. In July 2016, a military coup was attempted in Turkey coinciding with a big slide in the lira ( I remember a Turkish economist colleague of mine at the time being completely unable to comprehend how the financial markets might be able to somehow anticipate an event like that ).
Right now , the Elliott wave count for EUR-USD is suggesting that either a decline is underway immediately, or that a marginal new high above 1.1483 is required before a multi-big figure tumble.
Could this coming depreciation of the euro coincide with a military incident in Eastern Europe?
Do not be surprised if it does!.
$EUR/USD - The Dollar and DeflationThe Dollar and Deflation
Elliott waves in FX might be anticipating deflation.
Demand for U.S. dollars has surged over the past couple of weeks as the economic and financial sanctions on Russia cause all sorts of ramifications . Essentially, taking out an active chunk of the day-to-day global capital markets reduces financial transactions and makes the availability of U.S. dollars a little scarcer.
For example, according to estimates by Credit Suisse , Russia holds about $300 billion in short-term money market instruments, $200 billion in FX swaps and another $100 billion through public and private deposits. Freezing this means that it cannot be used to grease the wheels of the money markets as it usually would. The cost of funding transactions in U.S. dollars has risen.
However, demand for U.S. dollars also rises when sentiment is becoming more cautious and negative . Most of the planet’s debt is denominated in, or linked to, U.S. dollars. When people get nervous , they want to ensure that they have dollars to either service that debt or pay it back. In the coming debt deflation, expect demand for U.S. dollars to go through the roof.
Ah, but then there’s the Fed.
Since the Great Financial Crisis of 2008, whenever demand for U.S. dollars has surged, the Federal Reserve has utilized so-called “ swap lines ” with other central banks around the world in order to ensure that there is an ample supply of U.S. dollars to meet everyone’s needs. This has tended to coincide with a period of U.S. dollar strength in the foreign exchange (FX) market, which then subsequently turned into weakness.
The current Elliott wave structure in the chart of EUR/USD suggests that the current period of U.S. dollar strength could be close to ending. Could this coincide with the Fed re-opening and perhaps extending its swap lines in order to ease the demand for U.S. dollar funding? Perhaps.
If so, we can anticipate that sentiment will become more negative in the short-term to trigger the Fed to act. Dollar weakness will not come about because the Fed extended swap lines. Rather, the socionomic way to think about it is that dollar strength (often associated with a deflation lurch) will cause the Fed to act.
💵Euro/U.S.Dollar💵Analyze !!!Euro moved in Descending Channel more than one year, and these days we saw that the Euro was able to break lower line of Descending Channel , from my idea, this break can be a fake-out and Euro will back again to its channel.
I have some reasons for this fake-out : Euro is at my TRZ (Tiem Reversal Zone) + Junction between 61.8% Fibonacci line of Pitchfork and 25% Fibonacci line of Pitchfan + Cluster of Fibonacci ( PRZ (Price Reversal Zone)) + Also we can see support zone and an Important Support Line under the current price of Euro .
🔅 Euro can go UP from the Current Price at least until the lower line of Descending Channel , and in the next step can touch the middle line of the Pitchfork .
🔅 Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 4h ⏰
🟢 Price Reversal Zone ( PRZ ): 1.0907$ until 1.0894$ =Cluster of Fibs
🟢 Support Zone : 1.0776$ until 1.0725$
Do not forget to put Stop loss for your positions (For every position that you want to open).
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eurousd monthly shark pattern hi . i think the price is forming a bullish shark pattern in monthly time frame
you can search about this pattern in google
Fibonacci point 0.886 is in line with the long-term price trend line
I expect this point to stop the price from falling
This is just a theory
And it is not an investment offer
EURUSD | +400 pips Bullish Wave Expected..!!
#EURUSD (Update)
In daily timeframe Chart, Still Moving Below the Descending Trendline & Crucial Horizontal resistance 📉
At the moment, Bulls once again Heading towards the Key horizontal Resistance (1.1380)
If Horizontal & Trendline Resistance Respectively Got Cleared, expecting +400 pips Bullish Impulse in Coming days. 📈
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$EURUSD - Possible rebound hereHi guys! 👋🏻
🔔 Possible uptrend continuation of #EURUSD here after a retest of the dynamic resistance as support.
🔔 The pair has also made a breakout from a critical dynamic resistance and has tested it as support several times, I believe it is also a good sign of a short-term uptrend for #Euro
✊🏻 Good luck with your trades! ✊🏻
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