EURUSD: keeps gains near 1.1150Yesterday, the US Treasury yields fell, leading to a surge in stocks on Wall Street. This boost in risk sentiment further weakened the US Dollar. On Thursday, the US Producer Price Index report will be released, which could either confirm the soft inflation trend or reveal something unexpected.
Meanwhile, the European Commission is set to release its economic forecast and Industrial Production data for May, and the Eurogroup will have a meeting. In addition, the European Central Bank (ECB) will release the minutes of its latest meeting.
Considering recent market activity and the changing expectations of both the Fed and ECB, volatility is expected to remain high in the next session. This means that the pair could either see significant gains or experience major corrections, making it vulnerable to both scenarios.
Eurusdoutlook
Bull Trend Continues as EUR Dips Remain in the 1.10 Zone!I hope this email finds you in high spirits and enjoying the exciting world of forex trading! I'm thrilled to share some fantastic news that will surely make you smile. The bull trend in the EUR/USD pair shows no signs of slowing down, with EUR dips consistently remaining in the 1.10 zone across all time frames.
But wait, there's more! I predict this upward momentum will soon push the EUR into the coveted 1.11 zone. Isn't that remarkable? It's time to gear up and seize this incredible opportunity that lies before us.
So, what does this mean for you as a Forex trader? It's simple - you should continue to long the EUR/USD pair with confidence and enthusiasm! The market conditions are favorable, and the potential for profits is too good to ignore.
By capitalizing on this bullish trend, you can reap substantial rewards. Remember, success in forex trading often comes to those who dare to take calculated risks and stay ahead of the curve. Now is the time to be bold, embrace the positive market sentiment, and make the most of this exciting run.
In conclusion, my fellow forex traders, let's celebrate this remarkable bull trend and the promising EUR/USD pair performance. It's time to take action, stay optimistic, and continue to long the EUR/USD pair with confidence. Together, we can ride this wave of success and achieve our financial goals.
Will EurUsd break above 1.1?In my previous EurUsd analysis I said that the pair could reverse to the upside from the important 1.0840-1.0850 support zone.
Indeed, after a touch of that zone, the pair turned to the upside and managed to close last week very strong and near to 1.1 important resistance.
At this moment EurUsd is correcting this up move a new leg up could follow.
Short-term support lies at 1.0930 and in this zone, traders could look for buying opportunities.
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EURUSD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to make a short retracement and then to reject from bullish order block 1.09000.
Fundamental analysis: This week on Wednesday will be released monthly and yearly CPI on USD, as well on Thursday monthly PPI on USD. Pay attention to the results in order to validate the analysis.
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EURUSD: The decline and impact of the USDThe EUR/USD pair experienced a rebound during the late American session on Thursday, but was unable to maintain stability above 1.0900. The upcoming June labor market data from the US has the potential to spark significant movement in the pair before the weekend.
The US Dollar gained strength against its competitors, causing the EUR/USD to drop below 1.0840 after positive data releases. The monthly ADP report revealed a noteworthy increase of 497,000 in private sector payrolls for June, while the ISM Services PMI improved from 50.3 to 53.9, indicating a surge in growth momentum within the service sector.
It is predicted that nonfarm payrolls in the US will rise by 225,000 in June, with the unemployment rate expected to slightly decrease from 3.7% to 3.6%.
EURUSD (waiting for the NFP report)EURUSD
The markets are waiting for the NFP report that will be released, which is the non-farm payrolls report in the #USA today at 3:30 #KSA.
As a general rule, if it is higher and the unemployment rate is lower than expectations, the result is positive for the US dollar, otherwise the impact is negative.
Pivot Price: 1.0894
Resistance prices: 1.0910 & 1.0938 & 1.0965
Support prices: 1.0871 & 1.0860 & 1.08314
timeframe: 4H
EURUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.