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Eurusdprediction

EUR/USD to Target $1.09 on Easing Bank Jitters and ECB ChatterThis morning, the EUR/USD was up 0.13% to $1.08107. A mixed start to the day saw the EUR/USD fall to an early low of $1.07949 before rising to a high of $1.08195. The First Major Resistance Level (R1) at $1.0817 capped the upside. The EUR/USD needs to avoid a fall through the $1.0781 pivot to retarget the First Major Resistance Level (R1) at $1.0817 and the morning high of $1.08195. A move through the morning high would signal a bullish session. However, the EUR/USD needs hawkish ECB chatter and better-than-expected business survey numbers to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0836 and resistance at $1.0850. The Third Major Resistance Level (R3) sits at $1.0891. A fall through the pivot would bring the First Major Support Level (S1) at $1.0761 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.07. The Second Major Support Level (S2) at $1.0725 should limit the downside. The Third Major Support Level (S3) sits at $1.0670. Looking at the EMAs and the 4-hourly chart, the EMAs send bullish signals. The EUR/USD sits above the 50-day EMA ($1.07576). The 50-day EMA pulled away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA, delivering bullish signals. A hold above S1 ($1.0761) and the 50-day EMA ($1.07576) would support a breakout from R1 ($1.0817) to give the bulls a run at R2 ($1.0836) and $1.0850. However, a fall through S1 ($1.0761) and the 50-day EMA ($1.07576) would bring S2 ($1.0725) into play. A fall through the 50-day EMA would send a bearish signal.
Long
by skarantraderq
EURUSD 27TH MARCH FORECAST The EUR/USD needs to avoid a fall through the $1.0770 pivot to target the First Major Resistance Level (R1) at $1.0828. A return to $1.08 would signal a bullish session. However, the EUR/USD needs hawkish ECB chatter and better-than-expected business survey numbers to support a breakout session. In the case of an extended rally, the bulls will likely test resistance at the Friday high of $1.08386 but fall short of the Second Major Resistance Level (R2) at $1.0896. The Third Major Resistance Level (R3) sits at $1.1022. A fall through the pivot would bring the First Major Support Level (S1) at $1.0702 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.0650 and the Second Major Support Level (S2) at $1.0645. The Third Major Support Level (S3) sits at $1.0519. Looking at the EMAs and the 4-hourly chart, the EMAs send bullish signals. The EUR/USD sits above the 50-day EMA ($1.07479). The 50-day EMA moved away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA, delivering bullish signals. A hold above the 50-day EMA ($1.07479) would support a breakout from R1 ($1.0828) to give the bulls a run at the Friday high of $1.08386 and R2 ($1.0896). However, a fall through the 50-day EMA ($1.0479) would bring the 100-day EMA ($1.07102) and S1 ($1.0702) into play. A fall through the 50-day EMA would send a bearish signal.
Long
by skarantraderq
EURUSD HIGH POI ZONE FOR NEXT MOVE 15.03.23*In 4hr time frame there was a liquidity sweep *Body close below previous move thats call high poi zone IFC candel *IFC candel forms by sweeping previous high or low *Due to one positive and neutral cpi report of Doller market not giving confirmation of selling or buying *So as depends only on SMC concept try to catch big moves with small sl *So take a risk of selling on uptrend looks fool but setup giving a selling trade. *My Ep - 1.07853 Sl - 1.08123 Target- 1.05440
Short
by ConsistencyFastlane
2
EURUSD FORECASE 13TH MARCH 2023This morning, the EUR/USD was up 0.73% to $1.07169. A bullish start to the day saw the EUR/USD rally from an early low of $1.06638 to a high of $1.07369. The EUR/USD broke through the First Major Resistance Level (R1) at $1.0702. The EUR/USD needs to avoid a fall through R1 and the $1.0638 pivot to target the Second Major Resistance Level (R2) at $1.0765. A move through the morning high of $1.07369 would signal a bullish session. However, the EUR/USD would need hawkish ECB chatter and risk-on sentiment to support a breakout session. In the case of an extended rally, the bulls will likely test resistance at $1.08. The Third Major Resistance Level (R3) sits at $1.0892. A fall through R1 and the pivot would bring the First Major Support Level (S1) at $1.0575 into play. However, barring a risk-off-fueled sell-off, the EUR/USD pair should avoid sub-$1.0550 and the Second Major Support Level (S2) at $1.0511. The Third Major Support Level (S3) sits at $1.0384. Looking at the EMAs and the 4-hourly chart, the EMAs send bullish signals. The EUR/USD sits above the 200-day EMA ($1.06609). The 50-day EMA closed in on the 100-day EMA, with the 100-day EMA narrowing to the 200-day EMA, delivering bullish signals. A hold above R1 ($1.0702) and the 200-day EMA ($1.06609) would give the bulls a run at R2 ($1.0765) and $1.08. However, a fall through the 200-day ($1.06609) and 100-day ($1.06324) EMAs would bring the 50-day EMA ($1.06117) and S1 ($1.0575) into play. A fall through the 50-day EMA would send a bearish signal.
by skarantraderq
#EURUSD Retake of BUY call with risk:reward 3.2I made a video on when to retake the trade and how many times. As per the video, I explained 2 conditions. The first one is, there should be an increase in volume second condition is, the price has to cross the buying point. now, for eur/usd, both the conditions are met, so we can take the buy call with risk: reward 3 HOPE our analysis is adding value to your Stock market trading Journey. If yes, Hit like button or boost our ideas. Thank you.
Long
by TanujaK
EURUSD 10TH MARCH 2023The EUR/USD needs to avoid the $1.0569 pivot to target the First Major Resistance Level (R1) at $1.0601. A return to $1.06 would signal a bullish session. However, the EUR/USD would need hawkish ECB chatter and US stats to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0623 and resistance at $1.0650. The Third Major Resistance Level (R3) sits at $1.0678. A fall through the pivot would bring the First Major Support Level (S1) at $1.0547 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.05. The Second Major Support Level (S2) at $1.0515 should limit the downside. The Third Major Support Level (S3) sits at $1.0460. Looking at the EMAs and the 4-hourly chart, the EMAs send bearish signals. The EUR/USD sits below the 50-day EMA ($1.06006). The 50-day EMA eased back from the 100-day EMA, with the 100-day EMA pulling back from the 200-day EMA, delivering bearish signals. A move through the 50-day EMA ($1.06006) and R1 ($1.06010) would give the bulls a run at R2 (1.0623) and the 100-day EMA ($1.06300). However, failure to move through the 50-day EMA ($1.06006) would leave S1 ($1.0547) in play. A move through the 50-day EMA would send a bullish signal.
Short
by skarantraderq
EURUSD FORECAST 9TH MARCH,2023The EUR/USD needs to avoid the $1.0547 pivot to target the First Major Resistance Level (R1) at $1.0569 and the Wednesday high of $1.05739. A return to $1.0550 would signal a bullish session. However, the EUR/USD would need hawkish ECB chatter and US stats to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0596 and resistance at $1.06. The Third Major Resistance Level (R3) sits at $1.0646. A fall through the pivot would bring the First Major Support Level (S1) at $1.0519 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.0450. The Second Major Support Level (S2) at $1.0497 should limit the downside. The Third Major Support Level (S3) sits at $1.0447. Looking at the EMAs and the 4-hourly chart, the EMAs send bearish signals. The EUR/USD sits below the 50-day EMA ($1.06058). The 50-day EMA slid back from the 100-day EMA, with the 100-day EMA pulling back from the 200-day EMA, delivering bearish signals. A move through R1 ($1.0569) would give the bulls a run at R2 (1.0596) and the 50-day EMA ($1.06058). However, failure to move through the 50-day EMA ($1.06058) would leave S1 ($1.0519) in play. A move through the 50-day EMA would send a bullish signal.
Long
by skarantraderq
EURUSD FORECAST 8th MARCH 2023The EUR/USD needs to move through the $1.0597 pivot to target the First Major Resistance Level (R1) at $1.0647. A return to $1.0550 would signal a bullish session. However, the EUR/USD would need the German and US stats to support a breakout session. In the case of an extended rally, the bulls will likely test resistance at $1.07 but fall short of the Second Major Resistance Level (R2) at $1.0745. The Third Major Resistance Level (R3) sits at $1.0893. Failure to move through the pivot would leave the First Major Support Level (S1) at $1.0499 in play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.0450 and the Second Major Support Level (S2) at $1.0448. The Third Major Support Level (S3) sits at $1.0300. Looking at the EMAs and the 4-hourly chart, the EMAs send bearish signals. The EUR/USD sits below the 50-day EMA ($1.06231). The 50-day EMA slid back from the 100-day EMA, with the 100-day EMA pulling back from the 200-day EMA, delivering bearish signals. A move through the 50-day EMA ($1.06231) would support a breakout from R1 ($1.0647) to give the bulls a run at $1.07. However, failure to move through the 50-day EMA ($1.06231) would leave S1 ($1.0499) in play. A move through the 50-day EMA would send a bullish signal.
Long
by skarantraderq
EURUSD Forecast for 22nd Feb,2023The EUR/USD needs to move through the $1.0660 pivot to target the First Major Resistance Level (R1) at $1.0682 and the Tuesday high of $1.06983. A return to $1.0680 would signal a bullish session. However, the EUR/USD would need today’s stats and the Fed minutes to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0721. The Third Major Resistance Level (R3) sits at $1.0782. Failure to move through the pivot would leave the First Major Support Level (S1) at $1.0621 in play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.0550. The Second Major Support Level (S2) at $1.0599 should limit the downside. The Third Major Support Level (S3) sits at $1.0538 Looking at the EMAs and the 4-hourly chart, the EMAs send a bearish signal. The EUR/USD sits below the 50-day EMA ($1.06954). Following the bearish cross on Wednesday, the 50-day EMA pulled further back from the 200-day EMA, with the 100-day EMA closing in on the 200-day EMA, delivering bearish signals. A move through R1 ($1.0682) and the 50-day EMA ($1.06954) would give the bulls a run at R2 ($1.0721) and the 200-day EMA ($1.07255). A move through the 50-day EMA would send a bullish signal. However, failure to move through the 50-day EMA ($1.06954) would leave the Major Support Levels in play. It is a relatively quiet day on the US economic calendar. There are no US economic indicators for investors to consider today. The lack of stats will leave the Fed in the spotlight. Late in the US session, the FOMC meeting minutes will draw plenty of interest. Following the latest round of US economic indicators and hawkish Fed chatter, the markets will dissect the minutes to gauge how far the Fed is willing to go. FOMC member chatter will also influence the dollar, with FOMC member Williams speaking late in the session.
Long
by skarantraderq
Euro Price ForecastEUR/USD ANALYSIS Better than expected EZ PMI and ZEW economic sentiment aren’t enough to hold back risk-off environment. Falling wedge in play which could point to subsequent upside to come. EURO FUNDAMENTAL BACKDROP The European trading session kicked off in a positive light this Tuesday from an economic standpoint; beginning with eurozone PMI data (see economic calendar below) which beat expectations on the composite read. Although manufacturing numbers were slightly off the mark, the overall market reaction was positive in terms of the resilience of the region. Growth surprised many analysts considering the winter months which traditionally weighs negatively on the statistic and bodes well for the first quarter period. Declining energy pressures have aided in the disinflationary impact on goods and services thus increasing consumer demand. That being said, the services sector is still being plagued by sticky wage costs that will continue to add hawkish pressure on the European Central Bank (ECB). The PMI data was then supplemented by a considerable beat on ZEW economic sentiment for February and has reached its highest level since February 2022 reinforcing the optimism within the region.
Long
by skarantraderq