Get started

Eurusdshort

EURUSD 1D AnlysisEURUSD faced rejection at the third touchpoint of the upper band of the descending channel, coinciding with a minor resistance level at 1.06225. Now that the price has retraced to the support, I anticipate a break of this level, primarily due to the strong demand for the U.S. Dollar in the ongoing uptrend. This could potentially drive the EURUSD pair down towards the marked target levels below. However, it's worth noting that there's a possibility of a reversal at this support level, pushing the price back up to the 1.06225 resistance level. What are your thoughts on this analysis? Feel free to share your comments below
Short
by Popeson
UPDATE EURUSD LONG/SHORT DAILYIn the previous analysis of this currency pair, we expected the price to rise when the downward trend line was broken that according to the conditions of the dollar index, this currency pair failed to fill the moving step to rise, so we updated the drawn downward trend line And we specified two scenarios for the price movement, according to the movement of the dollar index, which we examined in its own analysis, we plan our transactions in each of the possible scenarios that occur in the direction of the price movement. Thank you for following me. I would be happy to tell you your opinion about this currency. To know about the signal channel, you can send your message
by jawad369
1
First data comes with the Meeting ReportsHi there; We can say that the first 2 days of the week were quiet as not much data was announced. The only main agenda item was the Middle East. For the rest of the week, we will be meeting the meeting minutes and a few important data from the FED and ECB. We will all watch together how much this data will push the parity higher. Today, I am thinking of taking a short position with the data to be announced. While moving the position, I will be monitoring 2 different regions.
Short
by ucanpehlivan
EUR/USD Short Trading OpportunityEUR/USD Short Trading Opportunity 1. The price closed below the Trend Magic Indicator line. 2. US Dollar Index DXY uptrend continues. 3. Vortex indicates downtrend signal. 4. Retail trader data shows 62% of traders are net-long. Strong contrarian short signal. SL - above the Trend Magic Indicator line or Vortex indicator change trend signal TP - 1.0455 Keep It Simple and Always Trade With the Trend! Please, Support Our Work with Like & Comment! Thank You!
Short
by ForexWithTsanev
Like a snowballThe currency is still in a downtrend, so we are friendly with the trend. Of course, this friendship may not always last...! However, there is a possibility of a growth up to the ceiling of the downward trend and then a fall to the specified range. Also, this growth can continue up to the previous peak, that is, out of the trend. I would be happy to know that you want more forex analysis. Please let me know by liking and in the comments. Upon your request I will have more forex analysis.
by karaco2022
EURUSD END-WEEK ANALYSIS-UPDATE 24/09/2023EUR/USD Analysis: Riding the Forex Waves Amidst Dollar Strength As forecasted, EUR/USD witnessed a recovery following three consecutive days of decline, aligning with our previous insights. However, this forex journey is marked by ever-evolving dynamics. With the US dollar poised to regain strength, I'm now focusing on anticipating another potential downside move. But there's a critical condition: this projection depends on the dollar maintaining its price above 105.864. Join me as we navigate the intricacies of this dynamic market, and stay tuned for the next chapter in the EUR/USD story! 📉📈 #EURUSDAnalysis #MarketOutlook #TradingView
Short
by Dion-FX
The future of the Dollar - EllisonCapitalThe dollar is very important to understand through 2024 because it is your primary market driver on dollar pairs with its position as the world reserve currency. During times of economic global turmoil, even though the US economy may be facing weakness, if global economies are facing weakness then the dollar will still hold appeal from a market perspective as a safe haven currency and as the world reserve currency as it is still backed by the largest economy in the world. 90% of business transactions are held in the dollar and it's still the only currency that oil is denominated by. Now when you look at the dollar you can see it had a very short downside at the start of the pandemic. Why? Obviously, interest rates were dropped to zero and the money supply was exponentially increased. This meant less demand for the dollar because all of the demand was in risk assets in the stock market. After all, the FED was pumping the market, meaning more supply of the dollar. But the price only pulled back into the support and demand zone at 90. Then in late 2021s when we had Russia invading Ukraine, you started to see some more appeal in the dollar as a safe haven currency. But more importantly, in 2022 feds began the most aggressive rate hike cycle ever seen, this saw the dollar with excessive upside volatility. This is dangerous as it creates a lot of negative implications for global debt obligations on other country's currency values and global business activity. When the dollar goes up too fast, it has a lot of downsides for other global countries. Hence during this period, we saw major countries such as China, Japan and the UK perform currency interventions because their currency is already devaluing on top of the dollar being so strong. Especially on the macro rate differential between the Bank of Japan and the Federal Reserve. Nonetheless, we can see we had this large rally/ impulsive bullish moves/ new higher timeframe highs being printed that we haven't seen since the 2000s. So still maintaining a beautiful macro bullish structure from a technical perspective too, Now we've had this aggressive correction and pullback phase. This is due to inflation starting to drop because of the Fed's front loading of rate hikes and inflation starting to come back into a tricky zone. The majority of rate hikes were priced in and the price seemed to be setting up for 2023, but that pullback is still a 50% correction of this overall rally from late 2021. It also is conveniently retesting that area we broke above. Inflation is still seeing trouble at the 2% point and to maintain that the feds are going to keep rates up and if geopolitical tensions are going to continue to escalate on a global stand and we don't trade above the 101s we could easily see the dollar trending back to these highs. Just not as impulsive, but slowly and more steadily. We could easily see the dollar from a macro perspective going into the 120s. Why is this so important? Well if this occurs, especially going into 2024 and we don't see the dollar breaking below 101, US inflation will still have trouble hitting that precious 2% target they want so badly. It's going to be a lot easier playing Eur/USD sells with this dollar bullishness. Simply put on EUR/USD there will be less demand for the Euro versus the Dollar. If the EU can't trade back above 1.13, overall I'm going to be expecting the price to return back down to those parity points 1.0 and potentially lower in a slow and steady fashion.
TVC:DXYLong
by EllisonCapital