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EURUSD Prediction on 30.06.2023The recent reports have indicated a growing concern for Germany's economy as the unemployment rate begins to climb. Despite Germany's long-standing reputation for having a strong and robust economy, known for its manufacturing prowess and the powerhouse of the European Union, recent figures suggest a shift in this trend. According to the latest statistical data, the German unemployment rate is steadily increasing. Economists and analysts are attributing this to various factors, including economic uncertainties, technological changes, demographic shifts, and, to some extent, global economic trends. Over the past few years, Germany, like many other developed countries, has been dealing with the impact of digitization and automation. This shift towards a more tech-driven economy has led to job displacement in traditional sectors. The workers who lack the necessary skills to adapt to the new digital economy are finding it more challenging to secure employment, which could be contributing to the rising unemployment rate. Demographic trends also play a critical role in the current situation. Germany has one of the highest median ages globally, and the country's aging population may be reducing the size of the workforce. This is further compounded by the fact that the younger generation is finding it increasingly difficult to find jobs that match their skills and qualifications. International economic trends and trade uncertainties are also influencing Germany's unemployment rates. The country's economy is highly dependent on exports, particularly in the automotive and machinery sectors. Any disruptions in global trade can have a significant impact on these industries and consequently on employment. The government is being urged to take measures to address the rising unemployment rate. This could involve efforts to boost the economy, facilitate the reskilling of workers affected by automation, and programs to support those struggling to enter the workforce. While it is important to note that Germany's unemployment rate is still lower than many other European countries, the current upward trend cannot be overlooked. The situation calls for attention and concerted efforts from policymakers, economists, and industry leaders to mitigate the effects of these changing trends and help stabilize the job market.
Short
by mazayafx
💡 EUR/USD Short idea 🔻 update Hi traders, just an update on the previous post on this pair. The short position is playing out as expected. I thought I would update you on the larger timeframe picture. We have a large H&S pattern happening on the weekly timeframe as well, currently we are forming the right shoulder. If we look out even further on the 3 month timeframe we also have a bearish impulsive wave which has retraced back and precisely hit the 50% Fibonacci. Taking all this into account this larger timeframe opportunity will not come easy. Perhaps if your stoploss were placed well above the head on the current trade it could play out in profit with a timeframe of 6 months.
Short
by GuardianFX
5
EURUSD Downward Channel continues target 0.8541Downward channel range continues on the Monthly Chart. There are more signs for downside to come. We can expect the price to blip up touch the resistance and then crash back down. Price<200 RSI = 50 Target 0.8541 SMC Sell Side LIquidity is where Smart Money bought up the price to the upper range. We then have to wait for Break Of Structure to the downside. Then we'll have a better entry point for downside. EUR/USD Is one of the more difficult pairs to trade. There is a constant fight between the buyers and sellers and hence I have looked on a broader aspect time frame to try and cut out the noise and volatility. Bearish Bias.
Short
by Timonrosso
EURUSD to breakdown?EURUSD - 24h expiry Price action looks to be forming a top. Price action has stalled at good resistance levels and currently trades just below here (1.0980). Short term RSI is moving lower. A move through 1.0920 will confirm the bearish momentum. The measured move target is 1.0820. We look to Sell a break of 1.0919 (stop at 1.0949) Our profit targets will be 1.0844 and 1.0824 Resistance: 1.0960 / 1.0980 / 1.1000 Support: 1.0920 / 1.0900 / 1.0820 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURUSD Sell Trade Setup H1At the moment, EUR/USD is trading at 1.0898, which is a resistance area. If it gets rejected from this level, it could potentially move down towards the support area at 1.0846. You can take advantage of this by selling and aiming for a good profit. Set your stop loss at 1.0925 to manage your risk in case the trade goes against you. Disclaimer : Please note that the information provided is for educational purposes only and should not be considered as financial advice. Trade at your own risk.
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by ShaaniReal
EURUSD SELLHello Traders, We have a constant downtrend on the EU for the past few weeks. This has informed our bias for a sell with a confirmation of change of character on the daily timeframe. Now going in depth we have spotted different supply zones where price is most likely to find liquidity and gain momentum to the downside. That being said its important you use go risk management on each entry I suggest 2% each. As this is a high probability trade, thanks. UndercoverTradingLLC
Short
by Undercover_Trading
Ellison EUR/USD Morning analysis 15/06Yesterday we maintained bullish structure all day until we saw rejections with the release of FOMC, even though the news was expected and already priced in by the market. Today we have the ECB's rate decision and the US jobless claims data at quite similar times. I will personally avoid making any trades until both of these events have passed and the market has settled. I would only be looking for any further buys above 1.087. Otherwise, my general consensus is now sells. If we fail to break the current high and start to turn more bearish, then i believe the current bullish pullback on the overall bearish trend may be over. Fundamental analysis: FOMC recap -Predicted a no rate change which was already priced in by the market. -Copy and paste of the previous two FOMC statements too -No new or exciting comments made by Jerome Powell in his speech. -With interest rates now becoming less important for medium term, focus is now on data reports for the potential improvement of the economy. Thoughts: We predicted that the Fed meetings may be more dull and back to 'normal conditions' as the FED have already front loaded interest rate hikes. (This has been the most aggressive rate hike cycle in history and we as traders got to be a part of it). They can now take a slower meeting by meeting approach. This means they can watch data and make decisions over two to three meetings rather than the pressure of having to act over one month. With inflation trending down and labour market data tight, the FED can take their time with decisions. Remember central banks want market stability, to keep volatility down and give minimal signals as they hold a lot of market influence. The covid money pumping phase and the 2022 rate hike cylce were both unique central bank events related to these crisis and combatting inflation. DXY is still holding around 103 as markets expect higher US interest rates for longer than before.
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by EllisonCapital
2
EURUSD testing the ALPHA indicator outside of cryptoHi friends, so let's try just such a test and that's my indicator outside of cryptocurrencies, I'm looking here for some signal on EURUSD, I'm trying it without TA on this pair, I just threw it up. Please if you follow this completely with SL and caution. It is the first test of whether it can be applied outside of cryptocurrencies. After all, they are two different worlds. So let's see what the result will be, time frame 1h, signal for 2h
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by Bitcoinblockchainonline
Ellison EUR/USD Morning analysis 13/06With key news being released today that will ultimately decide the direction of Dollar pairs, I will be sitting and watching until it is released. That being said, Yesterdays buy predictions have come along nicely overnight but not in my trading session, unfortunately. My main bias is undecided today, with buys above the current range at 1.079 or sells below 1.073. FUNDAMENTAL ANALYSIS: We had a relatively slow and steady Monday and start to the week due to markets being more focused on the US inflation data today and the upcoming federal reserve and ECB interest rate decisions this week. We understand how much central banking monetary policy has had an effect on the market, whether it was through the stimulus phase through lockdowns or of course changing their policy stance to combat rising inflation, thus we should expect that there is a large weight on its outcome. HOW THIS AFFECTS EUR/USD: We are currently in secondary phases of market structure in Dollar pairs, seeing consolidations and pullbacks on the higher timeframe. The first catalyst directly on EUR/USD is going to be US CPI today. Now the expected inflation is already forecasting generous data, with inflation expected to drop from 4.9% to 4.1%. If we can meet these optimistic expectations then the market may start to price in a potential pivot in the interest rate hiking cycle. This would result in Dollar weakness and EUR/USD STRENGTH However, if inflation is still elevated. It shows the Fed has more work to do to recover the economy, with focus on a potential 25 base point interest hike later this week. Leading to Dollar bullishness and EUR/USD WEAKNESS I understand if this may be a slightly long read for your morning, but the lesson is an important one and in my opinion, should be the only focus of traders this week. Well done if you got through it.
by EllisonCapital