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Eurusd-4

#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 0.97850 Next Zone area & horizontal swing Low support 1st Resistance 1.08609 Zone area & horizontal swing high resistance
Long
by Skandhatrade
EURUSD Support@ 1.0025 , Upside limited Fed's Waller: I support another significant hike in two weeks NEWS | 9/9/2022 4:10:28 PM GMT | By Eren Sengezer Share on Twitter Share on Facebook Share on Linkedin Join Telegram Federal Reserve Governor Christopher Waller said on Friday that it was too soon to say whether inflation was moving meaningfully and persistently downward, as reported by Reuters. Key takeaways "I support another significant hike in two weeks." "The pace of tightening is uncertain; it will depend on the data." "Fears of a recession have faded; robust US labor market is giving us the flexibility to be aggressive in our fight against inflation." Market reaction The US Dollar Index showed no immediate reaction to these comments and was last seen losing 0.6% on a daily basis at 109.00.
by vishalfxfx
EURUSD bears running out of steam ahead of ECBEURUSD fades bounce off the lowest levels in almost two decades as traders await the European Central Bank’s (ECB) second rate hike. The major currency pair portrays a four-month-old bearish channel and justifies the downbeat MACD signals to keep sellers hopeful irrespective of the widely-expected 75 bps hike. However, the 61.8% Fibonacci Expansion (FE) of May-August moves, near 0.9850, joins the nearly oversold RSI to probe the quote’s further downside. Even if the bears keep reins past 0.9850, backed by ECB’s disappointment, the pair prices could drop to the 78.6% FE level surrounding 0.9715. It’s worth noting, however, that the pair’s failure to bounce off 0.9715 could make it vulnerable to slumping towards the stated channel’s support line, close to the 0.9600 threshold. Meanwhile, ECB’s positive surprise could offer immediate strength to the EURUSD and can challenge the short-term hurdle, namely the 20-day EMA level near the 1.0000 psychological magnet. However, the pair’s further advances need validation from late July’s low around 1.0100. Even so, the bulls are likely to remain off the table unless witnessing a clear upside break of the aforementioned channel’s resistance line, at 1.0170 by the press time. Overall, EURUSD is likely to remain on the bear’s table irrespective of the ECB’s attempt to defend the regional currency. That said, the odds of witnessing intermediate bounces can’t be ruled out.
by MTradingGlobal
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 0.97850 Next Zone area & horizontal swing Low support 1st Resistance 1.08609 Zone area & horizontal swing high resistance
Long
by Skandhatrade
💡Don't miss the great buy opportunity in EURUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9945). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 52. Take Profits: TP1= @ 0.9989 TP2= @ 1.0045 TP3= @ 1.0076 TP4= @ 1.0094 TP5= @ 1.0124 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 0.98504 Next Zone area & horizontal swing Low support 1st Resistance 1.08609 Zone area & horizontal swing high resistance
Long
by Skandhatrade
EURUSD rebound needs validation ahead of Eurozone inflationHaving refreshed the multi-year low the previous week, EURUSD rose during the last two days. That said, the pair traders await flash readings of Eurozone inflation data for August on Wednesday for fresh impulse as they poke a two-week-old resistance line, around 1.0050 by the press time. If the data manages to propel the prices to cross an immediate hurdle, the 100-EMA level surrounding 1.0075 and the 1.0100 threshold will act as the last defenses for the sellers. It’s worth noting that the pair’s upside past 1.0100 enables buyers to aim for the 61.8% Fibonacci retracement level of August 10-23 downside, near 1.090, wherein the mid-August swing low of 1.0121 may offer an intermediate halt. On the flip side, the 0.9980 and 0.9950 levels can offer nearby support to the EURUSD pair during its fresh declines. Following that, the 19-year low marked in the last week at around 0.9900 should gain the market’s attention. Also acting as the downside filter is the 61.8% Fibonacci Expansion (FE) of August 12-26 moves, near 0.9860. Elsewhere, steady RSI and the sluggish MACD signal that the bears are running out of steam. However, it all depends upon the Consumer Price Index (CPI), recently known as the Harmonized Index of Consumer Price Index (HICP).
by MTradingGlobal
EURUSD Testing Downside , US Economic Growth , Ukraine War United States: Economy Still Climbing the Mountain The second estimate of Q2 real GDP posted a 0.6% quarterly decline, slightly better than the first-reported 0.7% drop. New home sales fell 12.6% in July, reflecting the ongoing downshift in housing activity. Durable goods orders were essentially flat in July, while personal income and spending rose 0.2% and 0.1%, respectively. University of Michigan consumer sentiment improved to 58.2 in August.
Short
by vishalfxfx
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 0.98504 Next Zone area & horizontal swing Low support 1st Resistance 1.08609 Zone area & horizontal swing high resistance
Long
by Skandhatrade
1
EURUSD has more downside room unless hitting 0.9700EURUSD dropped to the lowest since late 2002 during the four-day downtrend. The oversold RSI, however, tested the bears afterward around 0.9900. It’s worth noting that the consolidation remains elusive until the quote stays beyond the previous monthly low near 0.9950. Even so, the parity level and a six-week-old horizontal resistance area around 1.0090 could challenge the upside momentum before directing the buyers towards the 1.0255-60 resistance confluence including the 50-DMA and upper line of the bearish channel established on May 12. Alternatively, the 61.8% Fibonacci Expansion (FE) of late May to early August downside, close to 0.9850, appears immediate support to watch during the EURUSD pair’s further weakness. It’s worth noting, however, that a joint of the 78.6% FE and lower line of the aforementioned channel, near 0.9700 at the latest, appears a tough nut to crack for the bears afterward. In a case where the quote remains weak past 0.9710, lows marked during late 2002 and a high of early 2001, between 0.9610 and 0.9590, will be in focus. Overall, EURUSD remains on the bear’s radar but 0.9700 becomes strong support as traders await the key US data/events.
Short
by MTradingGlobal