Will the euro continue to fall?
Euro: On Tuesday and Monday, the price was short on rallies; although the euro was close to support, the sideways decline pattern was very strong, so it was always given the idea of sideways short selling; and they continued to be short and bearish around 1.09. Running downward; yesterday's short fall from 1.0880 to 1.09 was around 1.0830, and the profit of 60 basis points in the short term is not bad!
In today's market, in the 1: day K, the stochastic indicator crosses downward, which is the main bearish signal; but the price is supported near the central axis track, which was also emphasized yesterday. The euro is bearish, but the support distance is relatively close. ;; The current position is more difficult to deal with; on the one hand, the indicators are bearish and the pattern is bearish, but the track support is still there: at 2:4 hours, the stochastic indicator is in the state of bottom divergence, and the main rebound correction; the pressure of top-bottom conversion The position is above and below 1.0870;
To sum up: it is recommended to choose to rebound and go short; the reference position is 1.0860-1.0880, which is short, and the track support of 1.0840 in the game is broken and runs downward;
Eurshort
The Euro: A Symbol of European Unity and StabilityThe Euro, Europe's single currency, serves as a powerful symbol of unity and stability across the continent. Since its introduction, the Euro has played a pivotal role in fostering economic integration and cooperation among European Union member states.
Central to the Euro's success is its ability to facilitate seamless trade and transactions within the Eurozone. By eliminating exchange rate fluctuations and simplifying cross-border transactions, the Euro has bolstered economic efficiency and facilitated the free movement of goods, services, and people across member states.
Moreover, the Euro has strengthened Europe's position in the global economy. As one of the world's major reserve currencies, the Euro enhances Europe's economic influence and facilitates international trade and investment.
The Euro also embodies the shared values and aspirations of European nations. It represents a commitment to cooperation, solidarity, and prosperity, transcending national boundaries and fostering a sense of common identity among Eurozone countries.
Despite challenges such as economic disparities among member states and periodic financial crises, the Euro has proven resilient. Efforts to deepen economic integration, strengthen fiscal discipline, and enhance regulatory frameworks underscore a commitment to preserving the Euro's stability and integrity.
Looking ahead, the Euro remains central to Europe's vision of a more united and prosperous continent. As Europe navigates global challenges and opportunities, the Euro stands as a testament to the power of cooperation and collective action in shaping a brighter future for all Europeans.
Euro: Navigating Economic Crossroads in 2024Amidst a backdrop of economic uncertainty, the Euro (EUR) faces pivotal challenges and opportunities in the year 2024. With ongoing discussions surrounding fiscal policy, inflationary pressures, and geopolitical tensions, the Eurozone finds itself at a crossroads. Investors closely monitor key indicators, from GDP growth to unemployment rates, to gauge the Euro's resilience and stability. As central banks adjust monetary policies and governments implement stimulus measures, the EUR's trajectory remains uncertain. Yet, amidst challenges lie opportunities, as the Eurozone seeks to strengthen economic ties and foster sustainable growth. In the dynamic landscape of global finance, the Euro's journey in 2024 holds implications far beyond its borders.
EUR Outlook: Navigating Economic Shifts and Policy DevelopmentsLet's explore the latest developments shaping the outlook for the Euro amidst evolving economic shifts and policy developments. Here's a concise overview of the Euro's current landscape:
The Euro has shown resilience in recent trading sessions, maintaining stability amidst changing economic conditions and market uncertainties. Despite challenges, the Euro remains a cornerstone of the global currency market, reflecting Europe's economic strength and resilience.
Economic indicators across the Eurozone present a mixed picture, with signs of recovery tempered by ongoing challenges. While manufacturing activity shows robustness, the services sector faces headwinds, highlighting the uneven nature of the region's economic rebound.
Central bank policies continue to play a crucial role in shaping the Euro's trajectory, with the European Central Bank (ECB) closely monitoring inflationary pressures and growth prospects. Any signals of policy adjustments or forward guidance could impact market sentiment and Euro volatility in the coming sessions.
Geopolitical developments, including Brexit negotiations and trade tensions, also influence the Euro's performance. Uncertainties surrounding trade agreements and diplomatic relations add to market volatility, requiring traders to remain vigilant and adaptable.
Looking ahead, market participants will closely monitor economic data releases, central bank meetings, and geopolitical developments for insights into the Euro's direction. As the Eurozone navigates through economic challenges and policy responses, the Euro's resilience and adaptability will be put to the test.
In summary, the Euro's outlook remains subject to various economic and geopolitical factors, presenting opportunities and challenges for investors. Stay informed, stay adaptable, and stay ahead in the dynamic world of currency trading.
Euro's Performance Over the Next 30 Days Using the power of mathematics, market dynamics, and this market's character...I've concluded that this will result in a 2% crash
As per basic economics, it's a given that price based on supply and demand dynamics gravitates to the point of equilibrium where both forces of supply and demand are in balance. When it comes to international markets, the price gravitates to that point of equilibrium after each full swing before facilitating a continuation. So our first criterion that this correction is done is crossed out
Based on my own experience, the initial or main move often creates fair value gaps also known as FVG on its path, while corrective moves lack the presence of FVG, as FVG shows that Massive amounts of liquidity have been engaged in that particular candle, which furthermore gives us insight on the institutional directional bias price is moving according to
From a mathematical perspective, the golden ratio of Fibonacci never failed to impress me once...It perfectly gives you the maximum swing expansion either in a corrective or impulsive phase...in addition, this can be observed on other major pairs such as GBPUSD & US30 ...I'll let history speak for itself
The path toward 1.06906 is smooth due to it lacking the existence of FVGs which can make the road turbulent on the way down
Talking based on macro-econ, whilst seeing capital markets hitting ATHs, signs of weakness have been observed, and a correction might be inevitable. Feds are highly likely to be hawkish next week, and potentially going through the whole month
Thank you.
Euro's Resilience in Uncertain TimesThe 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 from the European Central Bank and fiscal stimulus efforts from Eurozone governments have contributed to this positive outlook, highlighting the region's commitment to economic stability and growth.
While uncertainties persist, including divergent economic performances among member countries and the evolving impact of the pandemic, the euro's resilience underscores its role as a cornerstone of the international financial system. As the Eurozone continues to navigate through uncertain times, the euro remains a symbol of stability and strength in the global economy.
The Euro's EvolutionThe 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.
EUR: Navigating Economic Crossroads
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.
Bitcoin Struggles Amid Regulatory UncertaintyBitcoin faced downward pressure in today's market, March 15th, as regulatory uncertainty continues to loom. Trading at , the cryptocurrency grappled with fluctuating prices amidst growing regulatory scrutiny worldwide. Concerns over potential regulations have left investors cautious, leading to increased volatility in Bitcoin's price. As authorities globally seek to address risks associated with cryptocurrencies, Bitcoin navigates uncertain terrain, highlighting the need for clear regulatory frameworks to sustain its long-term viability. As the regulatory landscape evolves, Bitcoin's resilience will be tested, shaping its future trajectory in the digital currency market.
Euro Surges: Specific Data HighlightsThe Euro has surged in recent trading sessions, showcasing remarkable strength against major currencies. Latest data reveals the Euro's price climbing to , representing a notable increase compared to previous trading periods. This upward movement is bolstered by . Investors are closely monitoring the Euro's performance, seizing potential opportunities amidst its upward trajectory in the currency market.
Euro's Resilience Amid Global Economic HeadwindsThe euro, Europe's common currency, has showcased remarkable resilience amidst the prevailing headwinds of the global economy. Despite challenges stemming from geopolitical tensions and inflationary pressures, the euro has remained steadfast, bolstered by the European Central Bank's monetary policies and the region's strong economic fundamentals.
Recent fluctuations in currency markets have underscored the euro's stability, with investors turning to it as a safe haven in times of uncertainty. Its status as the second most traded currency in the world further solidifies its importance on the global stage, providing a reliable anchor for international trade and investment.
However, the euro faces ongoing challenges, including divergent economic performance among Eurozone countries and the specter of Brexit lingering over the European Union. Moreover, the resurgence of COVID-19 variants and supply chain disruptions pose additional risks to the euro's outlook.
Despite these obstacles, the euro's resilience remains a testament to the Eurozone's commitment to economic integration and stability. As policymakers navigate the complexities of a rapidly evolving global landscape, the euro stands poised to weather the storm and emerge stronger, reaffirming its position as a cornerstone of the global financial system.
EURUSD Short IdeaPrice has rejected multiple times on the daily chart from the 50% level of the bearish orderblock @ 1.08635 . Price also failed to displace and close above Mondays high.
My Draw on Liquidity (DOL) is Tuesday's low, and am hunting a short setup.
I want to see H1 candles closing with rejection wicks in the H1 bearish FVG areas ( 1.08565 to 1.08580) as well as 50% of the H1 bearish orderblock (1.08605).
H1 candle closing rejecting this area, and I'd look for entry on M5.
Let me know your thoughts on this trade idea, and what you are looking for on EUR.
eurusd sellEUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecasEUR/USD saw a slight decline on Tuesday but managed to stabilize above the 1.0835 area, where trendline support intersects with the 200-day moving average. Bulls will have to defend this crucial battleground vigorously; failure to do so could usher in a move towards 1.0725. On further weakness, all eyes will be on the 1.0700 handle.t and stay up to date with the latest EUR/USD news and analysis articles. On the flip side, if buyers regain the upper hand and push prices higher over the coming trading sessions, resistance can be identified at 1.0890, near the 50-day simple moving average. Sustained directional progress above this threshold could reinforce buying impetus, creating the right conditions for a climb toward 1.0950.EUR/USD is grinding lower toward 1.0800 in early European morning on Wednesday. The extended recovery in the US Dollar amid a deterioration in risk sentiment is weighing on the pair, as the focus shifts to a data-packed day ahead.
eurusd sell EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. The U.S. dollar, as measured by the DXY index, was subdued, and displayed restraint on Monday despite a modest uptick in U.S. Treasury yields. Market participants appear to be leaning toward a cautious stance at the start of the new week ahead of a high-impact event on Thursday: the release of the core personal consumption expenditures deflator, the Federal Reserve’s preferred inflation gauge. confirm signal EUR/USD is ranging at around 1.0850 in the European session on Tuesday. The pair stays supported amid a broadly subdued US Dollar and hawkish comments from ECB President Lagarde. The focus now shifts to the high-impact US economic data.
EURJPY: Running out of steam?We're back returning to the ATH, which is around the centreline of the rising channel we've been in since the pandemic.
I'm definitely expecting a reversal soon, we may post another ATH by a whisker, or it may double top before a move back down to the lower boundary.
Any strong JPY fundamentals will break the boundary and signal the reversal imo. Surely the Yen cannot be allowed to remain so weak??
Backing Yen will be on my agenda in the coming months.
2R Short Idea / EURUSD / 23rd FEB 2024Asian Session:
- Bullish session.
- Small consolidation range.
- RELs at Asia’s low.
- Price consolidated between Asia’s high and EQ of the Asian range.
London Session:
- I would like to see Price perform a London Judas swing.
- The price is just below EQ of the DR.
- London opened at MOP with Asia’s consolidation.
- Price is currently at a discount of the PDR for shorts.