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Eurusdbuy

EURUSD. Take a look on (1.1186 - 1.1267) as a profit-taking area- Technical Analysis Rating: Moderately Buy The EURUSD has been in a bullish trend since the beginning of June. The price has broken above the 1.08234 resistance level and is now consolidating above it. The RSI indicator is in the overbought territory, but it has not yet crossed the 70 level. This suggests that the bulls are still in control, but there may be some profit-taking in the near future Such as the rebound from 1.10134 resistance level that occurred on last Friday. The MACD indicator is also bullish, but it is starting to flatten out. This suggests that the momentum in the bullish trend is starting to slow down. However, the MACD indicator is still above the zero line, so the trend is still considered to be bullish. - Fundamental Analysis Rating: Natural There are some factors that could support the EURUSD in the near future. The European Central Bank (ECB) is expected to raise interest rates in July, which could strengthen the euro. Additionally, the US economy is showing signs of slowing down, which could weaken the dollar. However, there are also some factors that could weigh on the EURUSD. The war in Ukraine is still ongoing, and this could continue to create uncertainty in the markets. Additionally, the Chinese economy is slowing down, which could hurt global growth. About Economic Events Next Week The economic events that you mentioned could have a significant impact on the EURUSD pair. The minutes of the US Federal Reserve meeting could provide clues about the future course of monetary policy. If the minutes suggest that the Fed is more hawkish than expected, this could weigh on the dollar and support the euro. The GDP data from the UK could also have an impact on the EURUSD pair. If the GDP data is weaker than expected, this could weigh on the pound and support the euro. The monetary policy statement from the European Central Bank could also have an impact on the EURUSD pair. If the ECB signals that it is ready to raise interest rates, this could support the euro. The non-farm payrolls data from the US is the most important economic data release in the US. If the non-farm payrolls data is stronger than expected, this could support the dollar and weigh on the euro. Expected Direction Overall, the technical & fundamental analysis both suggest that the FX:EURUSD is likely to continue to rise in the near future. However, there are some risks that could weigh on the currency pair. If your are in a long position take a look on the main zone as a profit-taking area (1.1186 - 1.1267)
Long
by Mohammad_Khaled_Alfaraj
1
EurUsd -> Perfectly Playing OutHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that EurUsd just recently perfectly retested and already rejected the quite nice bullish trendline of the weekly parallel rising channel. You can also see that the next weekly resistance is at the $1.12 level where we previous had strong weekly structure and also a resistance trendline so I simply do expect another push to retest the resistance before I then do expect a short term drop. On the daily timeframe you can see that after EurUsd perfectly broke above the resistance at the $1.078 level, we had a quite nicely rally towards the upside and EurUsd is now retesting resistance so I am just waiting for a bullish breakout and then I do expect another push higher to retest the next weekly resistance. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
37
Bullish on EURUSDCurrently EUR/USD is having a slight retracement after all that buying pressure. A strong supply level has turned into a demand level showing bullish signs... I am waiting for a retest into this demand zone and strong bullish price action/MA cross in order to enter. Additional confluence will be this trendline break. I have my TP at the last strong supply zone. My SL will be below the last higher low with an additional 20 or so pips for some breathing room! Let me know what you think! Trade safe and manage risk!
Long
by USBullsBears
Eurusd buyEurUsd has moved with high bull pressurer to this level and formed a Rally and now its moving downwards to form a base there will possibly be a rally in upcoming time we will be waiting for price to break M15 Resistance level as price has already broke M15 trendline the confirmation to buy trade will be a break out of M15 resistance and retest on level with a price action we be buying this pair another confluance for buying this pair is that price is having support on 200EM and a bullish Morubozu candles while break out of M15 trendline so for a safe trade setup we will wait for M15 resistance breakout and retest
Long
by Wakeel_Saab
CUP AND HANDLE ( EURUSD) POSSIBLE BULLISH MOVEMENT (UPDATE)The target of this pattern is measured by the depth of the cup , by measuring we see that price might continue on this bullish run to 1.11690 which also happens to be an important resistance from which the markets made a rally to the downside back in 31 march 22. Fundamentals are also on the EURO side as Europe exchange rates were higher after the European Central Bank (ECB) raised interest rates by 25 basis points and gave no indication it was considering an end to the interest rate hiking cycle. one should look for possible retracements during the bullish rally to join bulls . MAY THE MARKETS BE WITH YOU
Long
by KILLCAD
EURUSD: Fall or rise focus here This is its 1h chart. It can be clearly seen that it has gone through a downward trend channel in the early stage. It has recently stepped out of this channel and built a small bottom. It is currently testing the first resistance and whether it can convert the resistance to support. is the most important thing right now. To judge it, in addition to analyzing its own trend, we also need to analyze it in combination with the trend of DXY. In EURUSD's 1h chart, it is currently stepping back to MA30, but the overall pattern is still more advantageous for bears. The lower MA60 is near 1.070, and the support here will be relatively more effective. In the 1h chart of DXY, MA30 has just been broken, and MA60 is near 103.8. If it cannot break through by then, it will fall back again, confirming the support of MA20. On the 1D chart, the strong support of DXY is around 102.4, and the resistance is 103.85. If it breaks through, the top can reach around 105.6. It can be inferred that EURUSD will still be under pressure at 1.088 with a high probability. Of course, to reach 1.088, the process of turning the current resistance into support must first be completed. In the near future, focus on the support around 1.073-1.069. Resistance near 1.08-1.09. If it falls below the support, there is a certain probability that the bottom will be around 1.048 (DXY105.6)
Short
by EagleEyeStrategy
EurUsd -> Reversal CompletedHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that EurUsd just recently perfectly retested and is now rejecting a quite strong bullish trendline exactly at the $1.07 level. You can also see that weekly market structure and moving averages are bullish, EurUsd also just once again retested support at the $1.065 level so from a weekly perspective I simply do expect more continuation towards the upside from here. On the daily timeframe you can see that last week's analysis which is linked below perfectly played out and I am now just waiting for a retest of the neckline of the double bottom at the $1.077 level before I then do expect another impulse towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
27
Ellison EUR/USD Morning analysis 14/06With the news today, I'm expecting EUR/USD to be indecisive but continue its bullishness until the news. Right now we are still holding pullback structure on the higher timeframe and even though price was choppy yesterday we still saw buyers printing intraday highs. I would be looking for buys at the same price sensitivity areas at a pullback of 1.076 or above 1.079. But then I would anticipate resistance at the liquidity zone above towards the end of the day as it may just be price set ups for the FOMC news later in the day. Fundamental analysis SHORT VERSION: - Markets have been expecting a skip/pause on rate hikes for June meeting - Unchanged rates will not hold much weight as it has already been priced into market - Main focus of this FOMC is if there is a surprise rate hike or a strong sentiment in Powell's speech afterwards. LONGER VERSION: I wrote yesterday about the weight US rate decisions have been having on the markets ever since the pandemic. What we have been seeing over the last 3-6 months is a lot of the rate hike cycles being priced into the market and also a lot of speculation about when rate hike cuts will come back into the scene. The main expectation for today is for the FED to pause or skip the month of June, leaving interest rates unchanged. This has already been priced in and won't lead to a move if it happens. This means we may see more of a buy the rumour and sell the news type play on Dollar and see a reaction to a surprise rate hike or rate cut (with a cut being highly unlikely). More importantly, I'm going to listen to the sentiment of Powell's statement he releases afterwards.
Long
by EllisonCapital
Ellison EUR/USD Morning analysis 12/06Continuing on from last week I am maintaining the forecast of buys from 1.076 and 1.079, expecting the temporary pullback phase on EU to continue a little higher. With sells expected at 1.084 or below 1.07. The theme of last week was watching Dollar start to show some exhaustion at key price sensitivity area of 104.5. On the higher timeframe, the DXY is on a more bullish bias, but secondary phase pullbacks/corrections are not out of the ordinary. We already had a very nice bullish rally on DXY from 101 price to break above a 30-day range and print higher highs on the intraday and extending 3.5% to 104.5. Last week US economic data was not as optimistic as expected, showing signs of a weakening US economy and feeling the pressure of a higher interest rate environment, coupled with macro inflation being elevated too. This all translates to a temporary pullback structure on the EUR/USD pair. Notable news this week: Tuesday - US CPI Wednesday - US PPI, FOMC interest rate decision Thursday - ECB interest rate decision, US jobless claims
Long
by EllisonCapital
EUR/USD Morning analysis 09/06US jobless claims data come out poor, the dollar gives us a pullback from a key price point at around 104.5 and has started to print a new intraday low in its pullback structure. This has correlated with the bad data, having EUR/USD close at the end of yesterday back above 1.076 and the dollar digging below the price sensitivity area at 103.4. No significant news for the remainder of the week. Looking for continuations of this dollar weakness sentiment. Buys at 1.076 or on a break above 1.079. Can't see any sells unless the price drops below 1.07.
Long
by EllisonCapital
1