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Eurusdtrend

EURUSD: The ECB's Villeroy said the rate cuts hinged on stable 2European Central Bank (ECB) board member François Villeroy de Galhaud has made it clear that the possibility of a rate cut by the ECB depends on whether inflation expectations are firmly anchored at target levels. Use the bank's 2%. In his recent statement, Villeroy emphasized the importance of a data-driven approach to policy-making and signaled a move away from predetermined data-based policies. Villeroy's comments came at a time when some investors were expecting a rate cut as early as March or April. However, the central bank took a more cautious stance, saying it should not be in a hurry to cut interest rates. This cautious stance is in line with the ECB's broader strategy to contain inflation without hurting economic growth. The recent rise in inflation to 2.9% in December was due to technical factors such as the base effect from previous energy prices, which had a large impact on inflation. General distribution. It is important to note that the ECB's current deposit rate is 4%, and this level is already part of the ECB's toolkit for dealing with inflationary pressures. Villeroy's emphasis on stable inflation expectations is an important indicator of the ECB's commitment to its price stability mandate. Given the latest inflation data, the ECB appears to be maintaining a cautious and reactive approach to monetary policy in the face of economic uncertainty.
Long
by Chart_MasterPro
EURUSD BUY NOW The daily chart for the EUR/USD pair shows it remains pretty much neutral for a fourth consecutive day. The 20 Simple Moving Average (SMA) maintains its bullish slope but acts as dynamic resistance around 1.0970. The longer moving averages, in the meantime, remain directionless, far below the current level, while technical indicators head nowhere around their midlines, reflecting the absence of directional interest. EURUSD BUY NOW. 1.09446 CONFIRM TARGET. 1.1008
Short
by FxJoseph_7
EURUSD Longs from 1.09200 or @1.08000 Back upEURUSD shares a similar bias with GU, but the price exhibits more imbalances and liquidity at greater distances. While there is a 50-minute demand zone near the current price, I anticipate only a minor reaction from it. My primary buying opportunities are within the 10-hour demand zone, which offers a more discounted price. Alternatively, there's a possibility that price continues its upward movement, reaching the 10-hour supply zone above. This represents a promising Point of Interest (POI) for me, where I expect price to undergo distribution before a potential sell-off. However, at the moment, I'm patiently waiting for price to accumulate within either of my demand zones to capture buying opportunities along this temporary bullish trajectory. Confluences for EURUSD buys are as follows: - Bullish pressure weakens, evident in a CHOCH and confirmed by a BOS - A 11hr demand zone below triggered a break of structure to the upside. - The market trend is bullish, aligning with this idea. - Imbalance above the demand signals favourable reaction at my POI. - Abundant liquidity above, including trend lines and untouched Asian highs. - Price needs to dip to a significant demand level for an upward rally to persist. - Lots of imbalances lying below that need filling before price continues to ascend. P.S. Although my long-term outlook for this market remains bearish, I will be actively seeking buying opportunities for EURUSD as the dollar continues to exhibit a bearish trend.
Long
by Hassan_fx
EURUSD 4H : Waiting for today news EURUSD New forecast Trading in the euro against the dollar pair stabilizes below the level of 1.0956, so that the bearish trend scenario remains effective for the coming period, supported by the negative pressure formed by the moving average 50, waiting for stability below the level of 1.0892 to resume the bearish wave that targets the level of 1.0808 as a next station, and by breaking it, it will reach the level of 1.0744. Stability below 1.0960 is important for the expected decline to continue, with the need to be aware that the markets may witness strong and mixed trading at the time of the release of US economic data this afternoon, while the breach of 1.0956 represents a positive factor that will lead the price to try to return to the upward path and achieve new gains. The expect range trading for today it will be between the resistance line 1.0956 and support line 1.0808. Additionally ,Today News will affect on the market . resistance line : 1.0956 , 1.1012 support line : 1.0892 , 1.0808 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
2
💡 EURUSD: Forecast January 3The buyers were unable to hold the 1.10 resistance zone as the selling pressure rapidly increased, penetrating this resistance with a very strong force. It is likely that the price will continue to go down with these developments, the target is The next step will be around the lower border of the rising price channel. Trend followers patiently wait. If there is a notable price increase signal in this area, then they should consider entering new buying positions.
Short
by Stone_Haven
EUR/USD breaks out! Real or another false breakout?Hello traders, EUR/USD has finally broken out of the resistance level around 1.1020. In fact, as of now, price has breached the 1.1101 level as well. However, keep in mind that this is a low-volume trading session due to the Holidays. So, it could be a false breakout as well. A week later when normal trading volumes come back, we might see EUR/USD falling back below 1.10 again. I am watching out for potential sell entries in EUR/USD. Technically, the next major resistance lies around the 1.1267 level
by YourLazyTrader
EURUSD: The fate of the USD depends on the Fed's 2024 movesThe US dollar has been relatively stable this year, having strengthened significantly following the Fed's rate hike in 2022, but could face downward pressure in 2024 if the Fed cuts rates as expected. . The dollar has fallen only 2% against other major currencies this year, its first annual decline since 2020, supported by strong U.S. economic growth and the Federal Reserve's efforts to keep borrowing costs high. Ta. The Fed's surprising shift in stance came at its December meeting, when Chairman Jerome Powell suggested a sharp rate hike cycle that would send interest rates soaring to multi-decade highs was likely. It ended due to falling inflation. This has led to expectations for a 75 basis point (bp) rate cut next year, with the dollar weakening as lower interest rates generally make U.S. assets less attractive to profit-seeking investors. There is a possibility that Strategists are expecting a weaker dollar next year, but the possibility of an earlier rate cut could accelerate the dollar's weakness. But the strong U.S. economy could pose a challenge for those betting on the dollar. Kit Jacks, chief currency strategist at Société Générale (OTC:SCGLY), said aggressive monetary policy and growth stimulus in the US led to strong dollar strength. La, just like in the 1980s. Impending policy changes could eliminate some of these gains. The development of the dollar is particularly important given its central role in global finance. A weaker dollar could benefit the United States by making exports more competitive and increasing multinational corporations' profits when converting foreign earnings into dollars. According to FactSet, about a quarter of S&P 500 companies (INDEXSP: INX companies) derive more than half of their revenue from international markets. A December survey of 71 foreign exchange strategists predicted the dollar would weaken against G10 currencies in 2024, with most of the decline occurring in the second half of this year. The outcome will likely depend on the relative performance of the US economy and the speed with which central banks around the world adjust their policies. The European Central Bank is resisting pressure to cut interest rates to fight inflation as the euro zone struggles with a deepening economic downturn. The euro has appreciated more than 3% against the dollar this year. In contrast, Neuberger Berman's Thanos Baldas remains bullish on the dollar over the next 12 months, citing continued weakness in economies outside the United States.
Short
by Chart_MasterPro
EURUSD Longs from 1.09600 up towards 1.11000My forecast for this week aligns with my plan for GU as anticipated, with some minor adjustments. The concepts remain consistent, but the positioning is extended due to the trend line liquidity near the current price. I expect this liquidity and the Asian low to be taken out, leading price down towards the 5hr demand zone. Upon the formation of a Wyckoff accumulation pattern, I plan to initiate buy positions, targeting a move back up towards the 10hr supply zone located at the psychological level of 1.11000. This pair is currently favourable for me, exhibiting ideal price structure and aligning with a pro-trend perspective. Confluences for EURUSD Buys are as follows: - Unmitigated 5hr Demand zone has been left which caused a major BOS to the upside. - Temporary trend is also bullish as price has broken structure once again. - DXY is still looking bearish meaning that EURUSD is expected to rise. - Trend line on top of demand is a good sign as price will sweep liquidity before entering. - In order for price to continue in its bullish course, it must ideally react off a demand level. P.S. While I anticipate an initial drop to mitigate the demand, I acknowledge the possibility of remaining upside. This could lead price to react off the 10hr supply, subsequently eliminating the trendline liquidity below. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
Long
by Hassan_fx
GBPUSD: - A Detailed Analysis of Market Structure and FibonacciWelcome to my TradingView profile! In this article, we will embark on a journey together to explore the intriguing prospects of EURUSD, guided by the fundamental principles of market structure and Fibonacci retracement. I invite you to join me in analyzing one of the most traded currency pairs. Our primary instruments will be market structure, the identification of the trend direction, and the application of Fibonacci levels. We will delve into how these factors can provide meaningful insights for making informed trading decisions. he inclusion of detailed charts and illustrations will aid in visualizing the discussed concepts. We will explore key Fibonacci retracement levels and how they interact with the overall market structure. This will be an informative article, focusing on understanding the market context and applying fundamental concepts of technical analysis. The goal is to provide a clear perspective and stimulate critical thinking within our trading community. If you find this analysis valuable, I encourage you to subscribe to stay updated on my latest posts and market analyses. This is just the beginning, and subscribing will allow you to be among the first to receive updates and trading ideas. Feel free to make any adjustments or let me know if there's anything specific you'd like to modify!
Long
by ICTBulletFX
EURUSD: The USD fell as expectations of interest rate cuts increThe U.S. dollar is on track to decline annually, weakening from two consecutive years of strong gains as expectations grow for the Federal Reserve to cut interest rates next year. The dollar index against six major currencies hit a five-month low of 100.81, reflecting Wednesday's 0.5% decline and expectations for a 2.6% decline for the year. Market participants are keeping an eye on the timing of the U.S. Federal Reserve's interest rate cut. The futures market indicates that there is an 89% probability that interest rates will be cut by March 2024, and it has been pointed out that there is a possibility that interest rates will be cut by March next year. Despite these forecasts, some analysts, including those at Monex USA, have expressed skepticism about the Fed's willingness to ease early, saying the dollar could appreciate if the expected rate cuts do not materialize. suggested. In contrast to the Fed's unexpectedly dovish stance at its December meeting, other major central banks, including the European Central Bank, remained committed to keeping interest rates high for a longer period of time. However, markets believe the ECB is considering cutting interest rates by up to 165 basis points next year. Analysts at Monex USA highlighted the unstable economic situation in Europe and the United Kingdom, predicting that their central banks could cut interest rates before the Fed. The euro rose 0.09% to $1.1113, close to a five-month high and posted a 3.7% annual gain, its best performance since 2020.
Short
by Chart_MasterPro
EURUSD: Bullish consolidation? (Part II)In the short term we can say that the FX:EURUSD pair is bullish above 1.0930 (bullish scenario invalidation) on intraday chart. That said, from a technical perspective, we have already reached our previous Target around 1.1040 (see chart/idea below), and from this area a corrective structure should be logical with a potential ABC Pattern. If this idea is correct, the price should return below wave 4 (1.0994) before triggering a new rally. If we look at the 1H chart we see that the Price Action moves within a bullish channel, so the support area could be around 1,098/1,072. In conclusion, if the trend remains bullish, we expect a new consolidation at least around 1.1090 area in the short term. 1.1000-1.1040 TARGET (Click on Chart for details) C.O.T. Analysis (Click on Chart for details) What's you opinion? ...are you bullish or bearish on this pair? Trade with care. Like | Share | Comment
Long
by TheAnonymousBanker
14
EURUSD Technical analysis and Trade IdeaIn this video analysis, we focus on dissecting the movements of EURUSD. We can see that the EU has traded into a significant resistance level. Below the current price level, we pinpoint an imbalance key support zones. Throughout the presentation, we delve into comprehensive trend analysis, intricacies of price action, the underlying market structure, while also briefly outlining a prospective trade opportunity. It is important to note that this is not financial advice and is meant for educational purposes only.
Long
by fxtraderanthony