EURUSD: Expect Volatility This WeekThis week, there are high-impact news events scheduled that may cause volatility in the EURUSD pair. The German ifo Business Climate, CB Consumer Confidence, and Richmond Manufacturing Index may affect the pair on Monday and Tuesday. The Pending Home Sales m/m on Wednesday and German Prelim CPI m/m and Spanish Flash CPI y/y on Thursday may also have an impact. The EURUSD pair technical analysis suggests a retracement to the 1.06000 demand zone.
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EURUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD BUYHello guys it’s been a been a while, I’m currently back on dropping analysis, so we are looking on buying eurusd on 148 pips moves, though EURUSD is actually a long Buy moves of about 200 pips plus but we are looking to take profits on 148 pips. So let’s patiently wait for a proper confirmation and for price to tap into our buy zone then wait for candle stick patterns or candle stick rejection on that buy level before taking our buy entries. Please save EURUSD on your watchlist for you can get notify when trading confirmation takes place. Drop a Comment on what you think about this analysis.
EUR/USD: The upward momentum will be exhausted, beware of traps!Following the sharp rise in EUR/USD on Wednesday, EUR/USD turned down on Thursday and took back all the gains of the previous day.However, there was a rebound during Friday time, but the currency pair rebounded on Friday and broke through 1.0600. The trend of the euro reflects that the market situation is still relatively tangled at this stage.
On Wednesday, EUR/USD rebounded to the 20-day line (SMA) at 1.06844 and fell back in resistance.After falling below the 20-day line on February 2, it did not break through the 20-day line several times during the rebound, proving that there is still a lot of pressure on the market here. The technical indicators of the daily chart are slightly biased to the downside, and there is no clear direction for the time being. The failure to break through 1.0700 indicates that EUR/USD may continue to consolidate around 1.0600.
The trend of the 4-hour chart shows that EUR/USD is currently slightly higher than the downward channel since the beginning of February. There is no clear breakthrough signal for the time being. EUR/USD maintains a slight downward tendency. If it returns to the downward channel, the bears may take action, causing EUR/USD to fall to 1.0560 (the midpoint of the downward channel), but as long as EUR/USD remains above 1.0560, the bearish momentum is still limited, and once the exchange rate stabilizes above this position, the euro may point to 1.0650/60.
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EURUSD Falling Wedge and the levels to trade.The pair reached the bottom of its Falling Wedge as well as Support A at 1.05785. The price should technically rebound to the patterns top again and the 4hour MA50.
Our strategy is to catch that rebound and sell the next leg down to 1.05235 if it continues to give a -1.25/35% decline.
If it closes over the 4hour MA50, stop selling and switch to buying, Target = 1.07800 (under Resistance A).
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🧅EURUSD 2023 forecastFor 2023 as a whole, inflation was forecast to be 5.6% within the eurozone and 6.3% across the entire EU.
Inflation peaked last October at 10.6% in the eurozone but has been falling since, reaching 8.5% in January.
The EU believes that falling gas prices, partly as the EU secures alternative sources of supply and compensates for the halt of Russian imports, explain this
but it warns that pressures on the prices of other goods is less likely to decrease.
"The decline was driven mainly by falling energy inflation, while core inflation has not yet peaked," the Commission said.
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
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EURUSD Bearish short term but strong buys lie below.The EURUSD pair is under the 1D MA50 for the third straight day, turning oversold on the 1D time-frame (RSI = 40.326, MACD = -0.002, ADX = 27.225). This is adding extra sellig pressure on the price with S1 being the first support on its way to lower trading levels.
The Fibonacci retracement levels are particularly useful on this price action and assuming the pattern is a Channel Up since the September bottom, we reach the conclusion that a crossing under S1, will push the price to 0.236 Fibonacci and S2 where the 1D MA100 will offer relief and potentially the first wave of buyers. The second wave will be seen if S2 breaks, on the 1D MA200, that happens to be on the exact bottom of the Channel Up. We will buy heavily on those levels (1.0500 and 1.03500) assuming the 1D RSI turns oversold at 30.000, targeting R1 (TP = 1.0800) and then the upper Rs can follow.
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EURUSDThis pair has formed an ascending channel with a 3 touches which means its a valid channel
so now we're waiting for a candle to close below the third and last touch to confirm the change of direction
But personally I prefer to wait for a trendline retest after breakout to enter the trade with a better entry point
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Please don't forget to give us your thoughts in the comment
Good luck
EURUSD Trading Plan - 12/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect EURUSD to go Down after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EURUSDIn the 1-hour period, we are witnessing a reaction below the trend line and on the support range of 1.06799, after which the range of 1.07614 is also a support.
It is expected that the range of 1.07614 will be touched again and the target of 1.07812 based on pivot points is not far away after the failure of 1.07614.
For the target of 1.08246, more risk should be accepted.
Determining a correction in the form of an ascent or a change in slope can determine the clarity of the situation ahead
EURUSD and the Tired Market..As you will have seen several days ago I mentioned how we would dawdle...
Well. This is what happens when the market LACKS energy.
Eventually you will come to a point where we are not up and we are not down, because there is no immediate reason for it...
BUT we can take note of where the market is (market value) and we can trade lightly inbetween channels.
So don't load in and get cremated, trade it SMALL and trade it fast.
EURUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you think about this pair.