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EUR/USD_TODTOM - SWAP EUR/USD

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EURUSD: Price wedge widening, what is the next trend?Dear readers, EUR/USD has once again dropped to a low of 1.0850 as the currency pair continues to fluctuate within familiar levels this week. The downward price trend has pushed the Euro lower against the US Dollar following the ECB's decision to maintain interest rates and better-than-expected US GDP data. On the 4-hour chart, the currency pair is trading near the lower end of an ongoing consolidation process around the 1.0890 level, indicating a period of consolidation. Support is seen at 1.080. On the other hand, upward price movements may attempt to reach the 1.090 level, but prices could decline further from this area as it completes a test of the EMA 34, 89.
Short
by RKarina
EURUSD: discount?Dear friends, overall EURUSD is not receiving much support as the main trend is downward, surpassing the psychological support level of 1.090. The prevailing risk aversion sentiment, driven by escalating geopolitical tensions in the Middle East, is causing traders to favor the US dollar (USD), putting downward pressure on the EUR/USD pair, which is trading near 1.083 today. This week, we will have several important news releases, particularly the US Housing Price Index and Consumer Confidence data, which will be released on Tuesday, providing more detailed information about the market. This careful consideration is expected to strengthen following the upcoming statement from the Federal Open Market Committee (FOMC) on Wednesday.
Short
by RKarina
EURUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
EURUSD - Impulsive Start from 0.9538 Lows Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? From its low at 0.95358, we're seeing a leading diagonal wave signaling a potential long-term uptrend. As previously discussed, big gains might be ahead. Short-term, it's building a base, possibly dipping to 1.02-1.04, a 50-61.8% retracement from the 0.95358 low to the 1.12757 high in July 2023.
Short
by WaveTalks
3
EURUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
EURUSD: Buy or Sell?Hello dear friends, today EURUSD continues to decline as widespread forecasts of weak US PMI data have weakened market sentiment and pushed EUR/USD lower as investors anticipate the momentum of the day and retreat to the safe haven of the US Dollar (USD). The price is currently trading within a downtrend channel, while it has completed a correction at the resistance level of 1.093. The chart shows a convergence between EMA 34, 89, and resistance, indicating a high likelihood of further price decline with a target set at the support level of 1.0756.
Short
by RKarina
EURUSD fades bounce off 11-week-old support on ECB dayWith the US Dollar’s failure to cheer upbeat PMI details, the EURUSD pair managed to rebound from an upward-sloping support line from early November, especially when the activity data from Germany and the Eurozone came in positive. The recovery moves, however, failed to cross the 50-SMA hurdle on a daily closing basis and tease sellers ahead of the all-important monetary policy meeting of the European Central Bank (ECB). While the bloc’s central bank is likely to keep the monetary policy unchanged, the focus will be on the signals for future rate cuts as market players expect the first rate cut before June but the policymakers appeared hesitant for the same of late. That said, any hawkish clues will allow the Euro pair to cross the immediate upside hurdle, namely the 50-SMA hurdle surrounding 1.0920. However, the support-turned-resistance line stretched from November 01, close to 1.0985 at the latest, will precede the 1.1000 psychological magnet to challenge the pair buyers before giving them control. Meanwhile, the downbeat RSI conditions and the limited odds of favoring the ECB hawks suggest further weakening of the pair. The same highlights the aforementioned nine-week-old ascending trend line support line, near 1.0830 by the press time. It’s worth noting that the monthly low of 1.0820 and the previous monthly low of around 1.0720 will act as additional downside filters before a smooth sailing toward the late October swing high of near 1.0700.
by MTradingGlobal
EURUSD declines? What is the reason?Dear friends, it's RKarina again. Are you curious about the next trend of EURUSD? Here are some insights I have about this currency pair. Looking at the daily chart, we can see that the previous upward momentum of EURUSD is gradually weakening, especially as it started to decline from the near 1.111 level. The trend seems to be shifting sideways and may even decrease further, especially as the RSI indicator and candlestick patterns are showing divergence, indicating a gradual decrease in buying pressure. Furthermore, the recent weakness of the US dollar (USD) has not generated significant momentum for EUR/USD, and has even added downward pressure on this currency pair. For these reasons, RKarina sets a target and expects EURUSD to decrease to the support level of 1.076.
Short
by RKarina
EURUSD: DowntrendThe EURUSD continues to show no change in its bearish trend from yesterday until now, further damaging the European currency and pushing EUR/USD to new lows in weeks around the 1.0820 level. The continued strong buying interest in the greenback has reduced risk appetite and pushed the US Dollar Index (DXY) to new yearly highs around 103.80, supported by higher US bond yields, particularly at the long end of the maturity spectrum. This serves as a strong psychological arrow to traders, prompting them to sell EURUSD massively and pushing this currency pair down to near the support level at 1.0777.
Short
by RKarina
EURUSD: stuck in a downtrendHello dear friends, let's discuss the previous week's performance of EURUSD with RKarina and talk about strategies for the upcoming week! Last week, EURUSD was trapped in a downward trend, closing below the support level of 1.090 and currently trading around 1.089. As a result, there was a slight price recovery during the correction, but it is expected to encounter resistance at the Fibonacci retracement levels of 0.5 - 0.618. The possibility of further price decline for this currency pair remains high as it is still in a long-term downtrend, with a short-term target of 1.078.
Short
by RKarina
1
EURUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
1
EURUSD: buy or sell?Hello dear friends, are you curious about the trend of EURUSD? Today, EURUSD continues to fluctuate below the resistance level of 1.0900 and still maintains its short-term upward momentum on the 1H chart. However, when looking at the overall trend, this currency pair is still moving sideways within the price range below the resistance level of 1.090 and the support level of 1.084. The USD index (DXY) is still maintaining its upward trend and is further supported by comments from R. Bostic (Atlanta), which continue to put pressure on the EURUSD pair. Another evidence for this downward price movement is that it continues to trade below the exponential moving averages (EMA) 34 and 89. Karina still highly regards the Sell strategy today with the idea of trading the double top pattern displayed on the analysis chart.
Short
by RKarina
EURUSD: Price increasing but ambiguousIt's great to see you again and talk about the EURUSD price today! Yesterday, the EURUSD received some upward momentum. However, this price increase is considered only as a correction within the downtrend wave of DOW, as this pair has been experiencing weakness since the beginning of the new week. Accordingly, the hawkish stance of the ECB has pushed back expectations of an early interest rate cut, providing additional support for the currency pair. However, the 4-hour chart is currently showing a further downward trend in the very near future as the EURUSD approaches the Fibonacci retracement levels of 0.618 - 0.5. Breaking below the level of 1.0844 will not receive significant support until reaching the level of 1.0773.
by RKarina
EURUSD rebound needs validation from 1.0940 to convince bullsEURUSD extends recovery from a five-week low while defending the previous day’s bounce off a one-month-old falling wedge’s bottom line. The Euro pair’s recovery also traces the RSI (14) line, as well as justifies the impending bull cross on the MACD indicator, which in turn suggests further advances of the major currency pair. However, the 200-SMA hurdle surrounding 1.0920 guards the immediate upside of the quote. Following that, an ascending resistance line stretched from early November, previous support near 1.0940, will join the top line of an aforementioned bullish chart pattern, namely the falling wedge, to challenge the buyers. In a case where the pair remains firmer past 1.0940, the 1.1010-15 region and the previous monthly high of near 1.1140 could act as intermediate halts during the run-up towards the theoretical target of the falling wedge, close to 1.1240 On the flip side, EURUSD sellers remain off the table unless they witness a clear rejection of the falling wedge chart pattern, via a downside break of the stated formation’s bottom line surrounding 1.0840. In that case, the early November swing high and the previous monthly low, respectively near 1.0755 and 1.0720, will lure the Euro bears. It should be noted that the quote’ sustained weakness past 1.0720 will make it vulnerable to slump toward October 2023 bottom near 1.0450. To sum up, EURUSD pares recent losses but the bulls are far from taking control.
by MTradingGlobal