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Eurusdprediction

EURUSD: The Euro edged higher ahead of the eurozone CPIIn Europe, EUR/USD traded 0.1% higher at 1.0813, ahead of the release of eurozone CPI figures for February, which are expected to show another reflation in the region . Data released on Thursday showed consumer prices fell slower than expected in France but faster than expected in Germany. Economists are expecting annual growth of 2.5% in February, down from 2.8% in January. ING added: “A deviation from expectations could cause short-term fluctuations in eurozone and eurozone rates, but would not really have a major impact on the story told by Christine Lagarde and the Council The governor will repeat it next week.” The European Central Bank meets next week and while no policy changes are expected, the bank could hint at an interest rate cut later this year.
Long
by Chart_MasterPro
EURUSD next weekFX:EURUSD : on the daily chart we have a Market Structure Shift (MSS). we can clearly distinguish the beginning of a retracement which will come to an end in two scenarios. the first scenario is the blank one that the market will try to hit the lower liquidity by beating the gap. the second scenario will instead bounce on the first lower gap attracted by the strong upper liquidity. in my opinion, everything depends on the strength of the dollar, I suggest monitoring the DXY for a probable entry into the market
Short
by Nabil_Bibich
EURUSDT - change trend. Large Wyckoff reversal model.Large Wyckoff reversal model. - Price is trying to break the trend line - Price is forming a triangle - The price made a false break of the lower boundary of the sidewall - 12-month timeframe shows fractal reversal with three bars if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
Long
by Artem_Dishel
EURUSD M15 / Possible Short Trade after taking Asian High ✅ Hello Traders! This is my idea related to EURUSD. I expect today a bearish move and I'm looking for a short entry taking into consideration the Bullish sentiment of DXY. - Wait for confirmation. - Apply risk management. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
WHAT IS THE NEXT MOVE FOR EURUSD CURRENCY PAIR? READ THE CAPTIONFundamentally, the euro has been under pressure due to concerns about economic growth in the Eurozone. Recent data releases, including disappointing PMI figures and sluggish GDP growth, have raised worries about the region's recovery from the pandemic-induced recession. Moreover, uncertainty surrounding the geopolitical situation in Eastern Europe has added to investor caution, leading to a flight from euro-denominated assets. In contrast, the US dollar has found support from strong economic data releases, particularly in the labor market and consumer spending sectors. Robust employment figures, coupled with rising inflationary pressures, have fueled expectations of tighter monetary policy from the Federal Reserve. The anticipation of interest rate hikes has strengthened the dollar against its major counterparts, including the euro. Looking ahead, market participants will closely monitor economic indicators from both the Eurozone and the United States for further insight into the economic recovery trajectories. Key data releases, such as inflation figures, GDP growth rates, and central bank communications, will likely drive movements in the EUR/USD pair in the coming weeks. Additionally, geopolitical developments, particularly those related to tensions in Eastern Europe, could introduce volatility and impact investor sentiment towards the euro. Overall, the fundamental backdrop suggests a bearish bias for EUR/USD, with economic divergence between the Eurozone and the United States likely to persist in the near term. --- Please like comment and follow thanks for support.
Short
by Forex_Haleh_signals_professor
EURUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
Major Events in Euro Area and US on Friday Major Events in Euro Area and US on Friday Friday is a significant day with Euro Area Consumer Price Index (CPI) and US Personal Consumption Expenditures (PCE) data on the radar. Euro Area inflation likely eased to 2.5% in February, and the official report is expected on Friday after a rush of local economic data from the Euro Area. The European Central Bank (ECB) is grappling with the challenge of bringing core inflation down from 3% to 2%. While the market previously anticipated rate cuts to begin in April, the ECB, emphasizing data reliance, has prompted market adjustments, pushing the expected first rate cut to June. In the US, the focus this week is on the PCE data. The day before, we do get Q4 GDP second estimate. But unless it is adjusted significantly, this will likely not have an impact. Anticipating comparable rate cut trajectories in both economies, the dollar could potentially make up recent losses against the euro, particularly if January's PCE data exceeds estimates, thanks to its superior interest rate differential. Thursday witnessed a surge that touched the 50-day simple moving average (SMA) before a subsequent retreat. Looking at the short term, technical indicators on the 4-hour chart hint at a potential upward bias. EUR/USD is presently trading above all its moving averages, and the 20 SMA appears poised to surpass the mildly bearish 200 SMA.
by BlackBull_Markets
EUR/USD Longs from 1.07800 back up to 2hr supply or above.This week's bias for EU resembles GU's, but I wouldn't be surprised if EU rises slightly to clear the 2-hour refined supply before dropping to remove the trendline liquidity below. Nevertheless, I anticipate price to eliminate the trendline liquidity and fill the small imbalance just above the demand zone. During this process, I expect price action to slow down after consuming a significant amount of liquidity, signalling a potential Wyckoff accumulation phase. It's worth noting the presence of an Asian low beneath the demand, which warrants caution. However, I want to emphasize that this is a counter-trend notion, and my overall sentiment for EU remains bearish. Confluences for EU Buys are as follows: - Price broke structure to the upside and left a clean 10hr demand zone. - Still some imbalance that still hasn't been filled as well above my demand POI. - Market also broke major structure to the upside could indicate a bullish trend. - there's some liquidity above the recent high that needs to be taken as well. - Triple touch trendline liquidity that needs to be swept. - for price to go down it must mitigate a supply higher up like that 12hr. P.S. Ideally, I'm looking for another rally to trigger price action to clear out the significant pool of liquidity located just below the 12-hour demand zone at the top of the chart. However, I anticipate price to establish a new supply once it descends to take out the trendline. This would allow me to wait for a mid-week pullback to sell down towards the demand. Have a great trading week and lets catch these PIPS!
Long
by Hassan_fx
4
EURUSD SELL THEN BUY ??Head and shoulder on keylevel + rejection on supply zone + break of trendline the market is likely going to drop DXY also wants to go up after the drop it is possible that the price will go up again if we see a reaction on the highlighted zone on a higher time frame the martket formed a double bottom and broke neckline if the bearish scenario occurs the drop will turn the double bottom into an inverse hs which can push eur usd up alot of economic events coming next week trade safe !!
Long
by xAB777
8
EURUSD: The USD fell before the PMI data, the Euro and British PThe greenback edged decrease in early European alternate on Thursday, with hazard sentiment buoyed through Nvidia`s sturdy income, at the same time as investors awaited the discharge of enterprise interest surveys. critical for locating clues approximately the fitness of the worldwide economy. At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the dollar towards a basket of six different currencies, changed into buying and selling 0.4% decrease at 103.472, down almost 1% yr to date. this factor this week. Strong income from AI favourite Nvidia (NASDAQ:NVDA) boosted international confidence, ensuing withinside the safe-haven greenback taking a hit, favoring greater cyclical currencies . The dollar hit a excessive this week, however stays greater than 2% better for the yr, as investors eased competitive bets on a sequence of hobby charge cuts through the Federal Reserve this yr. Minutes of the Fed's overdue January meeting, launched on Wednesday, confirmed that the financial institution is in no hurry to lessen hobby quotes withinside the close to future. Speeches through numerous Fed officers this week additionally reiterated this hawkish stance, with policymakers bringing up worries approximately difficult inflation. Attention now turns to the discharge of PMI statistics, weekly unemployment statistics and, greater importantly, production and offerings PMI statistics for February, to gauge the economy's underlying strength. “Our evaluation and statistics shows the greenback will retain to reinforce over the following couple of weeks - we've a sturdy January center PCE launch on February 29 - after which will reduced in March because of a softer payroll document and softer February CPI numbers.” ,” analysts at ING stated in a note. Euro location offerings PMI impressed In Europe, EUR/USD rose 0.5% to 1.0869, with the euro supported through a greater tremendous funding climate.
Long
by Chart_MasterPro
EurUsd- Change of medium term trend?Two days ago, in a short-term analysis of FX:EURUSD , I mentioned that the 1.0790-1.0800 zone is pivotal for a potential reversal in the currency pair. The pair did break above that level and is currently consolidating above it. Now, I find myself wondering whether this marks a reversal in the medium-term trend or simply a correction from the year's selloff. Upon examining the weekly chart, the technicals suggest a potential longer-term reversal. As we are aware, the 1.0730 zone served as a support level. Upon piercing it twice, the pair reversed direction on each occasion, notably marked by pin bars. Additionally, the current reversal bears a striking resemblance to the reversal observed around 1.05 back in October. In conclusion, from a longer-term perspective, there appears to be a significant likelihood of a reversal for EUR/USD, with a target around 1.1, but perhaps more likely at 1.12.
Long
by Mihai_Iacob
1