Sept 2, EURUSD spot vs. binary

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EUR/USD News (Euro US Dollar)

EUR/USD extends slump, approaches 1.0800

The EUR/USD pair is extending its slide to fresh weekly lows as speculative interest continues to choose the greenback in a highly uncertain world.

Latest EURUSD News

EUR/USD prints fresh weekly lows near 1.0800 on US dollar strength

EUR/USD Price Analysis: Euro trading in 5-day’s lows near 1.0850 level

EUR/USD: Favoring additional declines on a break below 1.0890

Technical Overview

The EUR/USD pair is pressuring the 61.8% retracement of its latest bullish run, maintaining its negative bias ahead of the Asian opening. In the 4-hour chart, the pair is extending its slide below all of its moving averages, with the 20 SMA moving below the larger ones, although all of them still confined to a tight range. Technical indicators in the mentioned chart stand at daily lows although losing their bearish strength. Anyway, the risk remains skewed to the downside, with the market looking to re-test the yearly low at 1.0635.

Support levels: 1.0810 1.0770 1.0725

Resistance levels: 1.0850 1.0890 1.0940

Fundamental Overview

While movements are not as wild as those witnessed last week, market players still prefer the dollar over most of its rivals, even with US data showing the economic scenario continues to worsen. The key macroeconomic figure released this Thursday was the US unemployment claims, which jumped to 6.648M almost doubling the market’s expectations. Also, the Challenger Job Cuts report showed that US-based employers announced 222,288 cuts in March, up 292% from February. The numbers are just the tip of the iceberg on how the coronavirus pandemic is hitting the economy.

The final readings of March Markit Services PMI for the EU and the US are scheduled to be out this Friday, with those in the Union expected to be downwardly revised. The US will also release the official ISM Non-Manufacturing PMI, expected at 44 from 57.3 previously. The country will also release the March Nonfarm Payroll report and is expected to have lost 100,000 ´positions. The unemployment rate is seen jumping from 3.4% to 3.8% while wage growth is seen up by 0.2% MoM and by 3.0% YoY. Given that data was compiled to mid-March, it won’t fully reflect the current situation of the labor market, and may have a limited effect on currencies.

Big Picture

THEMES AFFECTING THE EUR/USD

SPECIAL WEEKLY FORECAST

EUR/USD Forecast: Corrective rebound doesn’t change the doom picture

The EUR/USD pair has staged a substantial recovery this past week, recovering toward the 1.1000 price zone after falling to 1.0635 at the beginning of the week, its lowest since April 2020.

FXS Signals

Latest EURUSD Analysis

Latest EURUSD Analysis

EUR/USD extends slump, approaches 1.0800

The EUR/USD pair is extending its slide to fresh weekly lows as speculative interest continues to choose the greenback in a highly uncertain world.

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GBP/USD falls below 1.24 amid worrying UK coronavirus figures, USD strength

GBP/USD has reversed its early gains and trades below 1.24. UK coronavirus deaths are close to 3,000 and the greenback is gaining ground amid a worsening market mood.

Bulls and bears face-to-face on the crypto board

The XRP/USD pair is on the verge of a confrontation between the two sides of the market. Bitcoin remains weak against Altcoin despite yesterday’s rise. Negative market sentiment shapes a technical floor and could trigger an opposite sentiment signal.

Gold: XAU/USD bounces and challenges $1615/oz

Gold is consolidating the bull-run stemming from the 2020 lows while trading above the main DMA (daily simple moving average).

USD/JPY consolidates, for now, as COVID-19 takes hold of Japan

USD/JPY is trading at 107.87, +0.67%, and moving between 107.01 and 108.09 while the markets take a breather and a step back from a chaotic start to the year and assess the damage and outlook for the next quarter.

Majors

Cryptocurrencies

Signatures

Influential Institutions & People for the EUR/USD

The Euro US Dollar can be seriously affected by news or the decisions taken by two main central banks:

The European Central Bank (ECB)

The European Central Bank (ECB) is the central bank empowered to manage monetary policy for the Eurozone and maintain price stability, so that the euro’s purchasing power is not eroded by inflation. The ECB aims to ensure that the year-on-year increase in consumer prices is less than, but close to 2% over the medium term. Another of its tasks is one of controlling the money supply. The European Central Bank’s work is organized via the following decision-making bodies: the Executive Board, the Governing Council and the General Council. Christine Lagarde is the President of this organism.

The Federal Reserve Bank (Fed)

On the other hand we found The Federal Reserve System (Fed) wich is the central banking system of the United States. Fed has two main targets: to keep unemployment rate to their lowest possible levels and inflation around 2%. The Federal Reserve System’s structure is composed of the presidentially appointed Board of Governors, partially presidentially appointed Federal Open Market Committee (FOMC). The FOMC organizes 8 meetings in a year and reviews economic and financial conditions. Also determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth.

Christine Lagarde

Christine Lagarde was born in 1956 in Paris, France. Graduated from Paris West University Nanterre La Défense and became President of the European Central Bank in November 1st 2020. Prior to that, she served as Chairman and Managing Director of the International Monetary Fund between 2020 and 2020. Lagarde previously held various senior ministerial posts in the Government of France: she was Minister of the Economy, Finance and Industry (2007–2020), Minister of Agriculture and Fishing (2007) and Minister of Commerce (2005–2007).

Jerome Powell

Jerome Powell took office as chairman of the Board of Governors of the Federal Reserve System in February 2020, for a four-year term ending in February 2022. His term as a member of the Board of Governors will expire January 31, 2028. Born in Washington D.C., he received a bachelor’s degree in politics from Princeton University in 1975 and earned a law degree from Georgetown University in 1979. Powell served as an assistant secretary and as undersecretary of the Treasury under President George H.W. Bush. He also worked as a lawyer and investment banker in New York City. From 1997 through 2005, Powell was a partner at The Carlyle Group.

ECB NEWS & ANALYSIS

FED NEWS & ANALYSIS

About EUR/USD

The EUR/USD (or Euro Dollar) currency pair belongs to the group of ‘Majors’, a way to mention the most important pairs in the world. This group also includes the following currency pairs: GBP/USD, USD/JPY, AUD/USD, USD/CHF, NZD/USD and USD/CAD. The popularity is due to the fact that it gathers two main economies: the European and American (from United States of America) ones. This is a widely traded currency pair where the Euro is the base currency and the US Dollar is the counter currency. Since the EUR/USD pair consists of more than half of all the trading volume worldwide in the Forex Market, it is almost impossible for a gap to appear, let alone a consequent breakaway gap in the opposite direction.

Normally, it is very quiet during the Asian session because economic data that affects the fundamentals of those currencies is released in either the European or U.S. session. Once traders in Europe get to their desks a flurry of activity hits the tape as they start filling customer orders and jockey for positions. At noon activity slows down as traders step out for lunch and then picks back up again as the U.S. comes online. If there is important U.S. data we can expect quiet markets just ahead of the number. U.S. economic news have the ability to either reinforce an existing trend or reverse it depending on by how much it missed or beat expectations with the EUR/USD news. By 5:00 GMT liquidity leaves the market once again as European traders close out positions and head home.

GBP/USD

The GBP/USD (or Pound Dollar) currency pair belongs to the group of ‘Majors’, a way to mention the most important pairs worldwide. This group also includes the following currency pairs: EUR/USD, USD/JPY, AUD/USD, USD/CHF, NZD/USD and USD/CAD. The pair is also called ‘The Cable’, reffering to the first Transatlantic cable that was crossing the Atlantic Ocean in order to connect Great Britain with the United States of America. This term was originated in the mid-19th century and it makes GBP/USD one of the oldest currency pairs in the world.

The popularity of the Pound Dollar is due to the fact that represents two strong economies: British and American (from United States of America). The Cable is a widely observed and traded currency pair where the Pound is the base currency and the US Dollar is the counter currency. After the result of the Brexit referendum, where the majority of the British voted to abandon the European Union, GBP/USD has been suffering some turbulence in the Forex market as a consequence of the associated risks of leaving the single market.

USD/JPY

The USD/JPY (or US Dollar Japanese Yen) currency pair is one of the ‘Majors’, the most important pairs in the world. Japanese Yen has a low interest rate, normally used in carry trades, that’s why is one of the most trades currencies worldwide. In the USD/JPY the US Dollar is the base currency and the Japanese Yen is the counter currency. The pair represents American (from United States of America) and Japanese economies.

Trading the USD/JPY currency pair is also known as trading the “ninja” or the “gopher”, although this last name is more frequently used when reffered to the GBP/JPY currency pair. The US Dollar Japanese Yen usually has a positive correlation with the following two pairs: USD/CHF and USD/CAD. The nature of this correlation is dued to the fact that both currency pairs also use the US Dollar as the base currency, such as USD/JPY. The value of the pair tends to be affected when the two main central banks of each country, the Bank of Japan (BoJ) and the Federal Reserve Bank (Fed), face serious interest rate differential.

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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

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Sept 2, EUR/USD spot vs. binary

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EURUSD Forex Chart

Ideas

EURUSD On support line . Price need correction to fall. I recommend everyone to buy EURUSD and exit the resistance line deal

a potential unified gartley. detailed statistics for this pattern variation is on this screenshot: prnt.sc

Please support this idea with LIKE if you find it useful. Price was rejected by Horizontal Resistance and Head & Shoulders pattern continued working out. Currently we are going to test the horizontal support. In case there is a confirmed breakout we can initiate a short position If price will test the horizontal resistance again, then we can initiate a short.

Tired of reading posts like ” I have got my analysis correct 8 times in a row/ 600 pips gain!”? Well, this might be a much-needed change. In this post, let us take a look at how we can sell EURUSD and gain some blue pips. Since EURUSD is in a downtrend, we are looking to sell and increase the chances of a profitable trade by more than 76%. However, we can just.

I bought the fifth wave right at the current price. I expect an impulse, where: wave (1) – a leading diagonal wave (2) – an expanded flat wave (4) – a zigzag with a triangle in its wave b (or an alternative with a running flat) Wave (4) should not enter the territory of wave (2), that is, there should be no overlap with the extreme of wave (1) Good luck!

Hi friends, here my daily analytics for EUR/USD price. Reasons: – Price trades in Downward Channel – Price near support level 1.0830 – Current resistance level 1.0955 – To open long only after fake breakout of support level or other confirmation – Always do your own research before opening positions and always put SL If you have your own opinion or thoughts.

Hello Traders , price is making lower lows in 4hr chart , sell on break below current support. In these articles we post intraday possible outcomes of pairs based on naked trading setup only .. We do not take into account fundamental news which may move pair significantly in any direction , follow your trading plan . Follow us for more updates.

EURUSD hit our first 1.08575 Target as set on our previous trade: A new Channel Down has emerged on the 4H chart (RSI = 41.160, MACD = 0.000, ADX = 51.810) and is headed towards the 1.07850 symmetrical low (from March 25th). This is our new Target 1. The 1.06500 Target 2.

Hate to admit it, but I totally missed this bat pattern. I spotted another bat on the 15 minute timeframe, this time we are looking at a 4h chart. Remember, you need to have an open mind to trade and be very flexible with your analysis, I think this is probably the hardest part for most people simply because: Perception is reality. The bat pattern on the 15.

Hi friends, here my daily analytics for EUR/USD price. Reasons: – Price created Head & Shoulders pattern – Price broke support level 1.0955 – Next support level 1.0830 – I think price can drop lower from current levels – Always do your own research before opening positions and always put SL If you have your own opinion or thoughts about current market situation.

Upside move expected according chart pattern. ThankYou

Hello Traders ! Quick Update on EURUSD. I am now waiting for EURUSD to go up to the h4 Supply Zone. From there I consider to take short position with the daily Demand Zone as Take Profit area. That was my Idea and I hope liked it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell me your view and ask.

If impulse is complete, than the pullback may be a bit deeper. Anyway, after an impulse and a correction – another impulse is generally expected.

Everything is clear for me. but :-) Its market Last analyse

������HELLO, DEAR ������ How are you doing? I managed to gain a few kg, trading’s so nervous, isn’t it? ����haha. As for the dollar, I see, that it’s trying to fixed after forming of the head and shoulders. IMHO, we can expect a falldown. I advise short, but be careful. first goal 1.092. After that, is better to put stoploss. ��Remember, the main thing is not to be.

Overall, EUR/USD is trending downwards. Recently, EUR/USD trended lower, breaking the support level of 1.10000. EUR/USD’s next support level is at 1.08000 and its next resistance level is at 1.10000. Look for selling opportunities of EUR/USD.

Technicals

Profile

EUR USD (Euro / US Dollar)

The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.

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