EUR/USD

EURUSD is the most celebrated and popular currency pair in the Forex market. Most of the traders start with this pair. Fundamentally it's also a very important pair.

I see EURUSD in 1.1180 area, long takers be careful

Fx_challenger posted:
I see EURUSD in 1.1180 area, long takers be careful

What will make it go this low?

peifx posted:

Fx_challenger posted:
I see EURUSD in 1.1180 area, long takers be careful

What will make it go this low?

The war mongering between Russia and Ukraine causes a weaker Euro and a stronger US Dollar.

peifx posted:

Fx_challenger posted:
I see EURUSD in 1.1180 area, long takers be careful

What will make it go this low?

a simple technical analyze

Fully expecting DXY to rally during this war in Ukraine which should lead to clear bearishness in EURUSD.

USD will go up to buy position I hope right now for the war!!!😄

Very risky to take any trade

Can see it rallying causing EU to drop with the invasion in Ukraine hopefully diplomacy will prevail

Divergence between DXY and EU occurred so while EU is looking bullish on the 4h I'm still waiting for more confirmation on HTF that we're entering a buy model.

I think it is. There are plenty of opportunities on it throughout the week. Are you using DXY to compare it to? A lot can be gleaned by doing.

If you click on Market heading and scroll down the list you will see Vol on each pair ,I've been trading Eur/Usd a long time and its not too difficult to predict ,plus lots of info on the pair.

I can see us heading towards parity on this pair by the end of the month personally.

I think it is quite likely to correct upwards to the level of 1.0350, and then the EUR/USD currency pair will continue to decline.

Greetings to all

The EURUSD is expected to decline with a 1.0189 minor resistance intact as the EURUSD continues to lose downside momentum as seen in the 4 hour MACD.

Sat in consolidation at the moment. I'm still bearish at the moment so think we are about to see another leg down from here. Not bullish until we break back above 1.045 personally.

USD: Powell holds the dovish line

The dollar closed yesterday's FOMC day lower, as it had done for the three prior FOMC meetings. We and the market were a little surprised that there was no further assessment of the strong US activity data or particularly the high inflation data and instead, Fed Chair Jerome Powell merely reiterated the recent line that it would take longer for the Fed to gain confidence to cut rates. As we discuss in our Fed review piece, the dollar seemed to react the most to comments from Powell that a rate hike was unlikely and that yesterday's JOLTs job opening data showed restrictive policy was working. The 10bp drop in rates at the short end of the US curve was enough to see DXY sell-off 0.5%.

When trying to recover yesterday, the DXY received another hit when Japanese authorities were thought to have intervened again late in the US afternoon – a time of thin liquidity and perhaps a reminder that intervention will still very much be an option during Japan's four-day public holiday starting tomorrow. Given that the Bank of Japan is thought to be selling large clips of dollars – perhaps as much as $20-35bn per intervention session – the market is already starting to consider the size of available FX reserves for this purpose. We think Japanese authorities will intervene sparingly but are probably hoping they can stabilise USD/JPY ahead of a broad turn lower in the dollar, just as they did in September/October 2022.

The US data calendar is quite light today and the market will take its cues off tomorrow's payrolls. There is a school of thought building that if the unemployment rate finally responds to slowing labour demand and pushes up to say 4.2% (current 3.8%) by September, the Fed can cut rates. Let's see what tomorrow's jobs data has to say.

For today, DXY should trade well within the confines of its new 105.50-106.50 range.