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Eurusdtrading

EUR USD sell EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. EUR/USD continues sideways grind as markets await key US PCE inflation number Confirm signal EUR USD sell Bast trade EUR/USD fell to an intraday low of 1.0796 before recovering into familiar technical churn as the pair cycles 1.0800. The 1.0840 level is the pair’s key sticking point on Wednesday. A heavy supply zone is priced in between 1.0860 and 1.0840.
Short
by JohnHarry_7
EURUSD: Is parity a realistic scenario?EURUSD is technically neutral both on the 1W and 1M timeframes (RSI = 50.883 and 49.520 respectively), which indicates a lack of trend currently. This is justified technically as the late 2022 - early 2023 rally stopped on an emphatic July 2023 rejection on the 1M MA50. December 2023 gave a second rejection on the trendline, which makes for a technical Double Top. As the 1M RSI is about to cross under its MA trendline whilst on a Channel Up, it resembles December 2009 and October 2016. This is a cyclical behavior, accurately displayed by the wave tool and indicates that as long as the price gets rejected on the 1M MA50, the downside is significant in size aiming not just for a parity again but for a new LL below 0.9500. A 1M candle close over the 1M MA50 negates this pattern and starts a new one, bullish breakout aimed at the 1M MA200 (last rejection there in March 2018). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
2
eurusd sellEUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecasEUR/USD saw a slight decline on Tuesday but managed to stabilize above the 1.0835 area, where trendline support intersects with the 200-day moving average. Bulls will have to defend this crucial battleground vigorously; failure to do so could usher in a move towards 1.0725. On further weakness, all eyes will be on the 1.0700 handle.t and stay up to date with the latest EUR/USD news and analysis articles. On the flip side, if buyers regain the upper hand and push prices higher over the coming trading sessions, resistance can be identified at 1.0890, near the 50-day simple moving average. Sustained directional progress above this threshold could reinforce buying impetus, creating the right conditions for a climb toward 1.0950.EUR/USD is grinding lower toward 1.0800 in early European morning on Wednesday. The extended recovery in the US Dollar amid a deterioration in risk sentiment is weighing on the pair, as the focus shifts to a data-packed day ahead.
Short
by Mark804
EURUSD down EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. EUR/USD continues to trade in a tight channel above 1.0800 in the second half of the day on Friday, as the improving risk mood makes if difficult for the USD to gather strength. The pair remains on track to snap a five-week losing streak. Confirm Chart
Short
by JohnHarry_7
1
EURUSD: Triple rejection on 4H MA200, 1D MA200 and Channel Down.EURUSD turned neutral technically on the 1D timeframe (RSI = 49.576, MACD = -0.003, ADX = 24.613) for the first time since February 1st which was the previous LH of the two month Channel Down pattern. It hit today the 1D MA50 in the process and got just pips away from a 4H MA200 test, a trendline that has been intact as a Resistance for almost 1 month (since January 24th when it made a strong LH rejection). This is a potential Triple Rejection (4H MA200, 1D MA200 and top of Channel Down). As long as the 1D technical outlook remains neutral, it favors the bearish trend. We are opening a short here, targeting the 1.236 Fibonacci extension (TP = 1.0661), which is a level that was hit on every LL inside this Channel Down. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
EURUSD: The trend continues. Sell again over the 4H MA50.EURUSD has been providing successive low risk signals inside the 2024 Channel Down, as every crossing over the 4H MA50 is a technical sell opportunity. The 1D technical outlook remains bearish (RSI = 36.769, MACD = -0.004, ADX = 25.401) which continues to justify selling inside the Channel Down pattern. We are waiting for yet another 4H MA50 breach in order to sell and target a new -1.33% decline (TP = 1.06600). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
EURUSD: Selling over the 4H MA50 is the best monthly signal.EURUSD is trading inside a Channel Down ever since it made a High on December 28th 2023 with the 1D technical outlook steadily bearish (RSI = 39.870, MACD = -0.004, ADX = 22.645). After the price crossed under the 4H MA50 on January 2nd 2024, every time it recovered over it, the most optimal sell opportunity emerged for the short term. As long as the 4H MA200 holds, being the current Resistance at the top of the Channel Down, we will sell again once the price breaks and closes over the 4H MA50. Our modest target is -1.40% from a +1.00% rebound extension (TP = 1.06900). Watch also for any rejections on the RSI's Sell or Buy Zone. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EURUSD Looking BullishIn our examination of EURUSD, it's crucial to emphasize the existence of a double bottom pattern. This pattern, combined with robust support observed within the Fibonacci levels ranging from 0.5 to 0.6, amplifies the importance of the current scenario. It indicates a compelling scenario for a potential upward trend, potentially leading to a substantial gain in pips. Keep an eye out for further updates, and as customary, approach your trades with assurance.
Long
by HUMCRYPTOCLUB
Forex Fundamentals: Building Winning StrategiesForex trading success hinges on a well-defined strategy, as it sets a clear direction and methodology, whether it be scalping, day trading, or another approach. Key to this is understanding the market conditions under which your strategy thrives, as different strategies perform variably across market environments. Employing technical indicators is crucial in providing insights and aiding in decision-making, but they must align with your overall strategy for coherence and effectiveness. The core of any trading strategy lies in its entry and exit criteria. These criteria ensure disciplined and non-impulsive trading decisions, allowing for entry and exit from the market at the most opportune times. Equally vital is stringent risk management, which protects your capital by defining the risk per trade and setting maximum drawdown limits. In tandem with this, appropriate position sizing mitigates the risk of substantial losses and maintains the health of your trading account. Backtesting the strategy against historical data is indispensable for understanding its potential effectiveness and challenges. This, followed by forward testing in real-time conditions, often in a demo environment, allows for fine-tuning and adaptation to current market dynamics. Constant adjustments and optimization of your strategy are necessary as financial markets are ever-evolving, and a static strategy is often a recipe for failure. However, the strategy itself is only part of the equation. The psychological aspect of trading – maintaining discipline and managing emotional responses – is equally critical. Regular performance evaluations and reviews provide insights into the strategy's effectiveness and areas that require improvement, fostering a cycle of continuous learning and adaptation. In the realm of Forex trading, patience and consistency are not just virtues but necessities. The development, implementation, and refinement of a trading strategy is a meticulous and ongoing process. Success in trading emerges from a disciplined approach, a willingness to learn continuously, and an adaptability to evolving market conditions. It's a journey where each step, from understanding market conditions to psychological resilience, plays a pivotal role in shaping a trader's path to achievement.
Education
by Wiiso
EURUSD: Two sell signals for the medium term.EURUSD is bearish on the 1D timeframe (RSI = 35.647, MACD = -0.002, ADX = 40.063) as it maintains the declining trend since the December 28th High and the pattern that prevailed has been a Channel Down. Ahead of a 4H Death Cross, the 4H RSI is rising after being oversold two days ago on a technical Bullish Divergence that looks very much like the one that started on the previous LL and the one on December 7th. If the price crosses under the Channel Down bottom, it will be a bearish signal and we will short aiming at a -2.24% decline (TP = 1.07550). If the Channel Down stays intact, the Bullish Divergence should push it higher towards its middle trendline (approximately +1.00% rise) where we will short more comfortably and aim for a -1.40% decline (TP = 1.08050). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
Outlook for EUR/USD: Davos Insights and Fed Speeches Outlook for EUR/USD: Davos Insights and Fed Speeches Several ECB officials are expressing opposition to rate cuts, potentially helping to curb losses in the EUR/USD, which is currently testing the 61.8% Fibonacci level after a more than 0.7% drop. Davos has prompted ECB officials to share their views on the Euro Area's prospects and their positions on the likelihood of interest rate cuts in 2024. ECB Board Member Gediminas Šimkus, also Chairman of the Lithuanian Central Bank, suggests holding off on a central bank move, but sees the possibility of a cut in the summer. Similarly, ECB Board Member Madis Müller, the Governor of the Central Bank of Estonia, believes expectations for a rate cut are ahead of the current data reality. However, the future direction of EUR/USD remains uncertain, as Fed officials are pushing back against interest rate hikes too, and their influence in the markets may be more significant. Federal Reserve member Christopher Waller, whose November comments raised expectations of Fed rate cuts, today (not at Davos) expressed a more cautious outlook on the pace of rate cuts ("I see no reason to move as quickly or cut as rapidly as in the past"). Monitoring other Fed members' addresses this week will be crucial: Wednesday, Jan 17 09:00: Fed's Bowman Speech 09:00: Fed's Barr Speech 15:00: Fed's Williams Speech Thursday, Jan 18 07:30: Fed's Bostic Speech Friday, Jan 19 16:15: Fed's Daly Speech
by BlackBull_Markets