EUR/USD SIGNAL

On TF M30 EURUSD has formed a new demand area, so we can try to buy now with a stop loss at 1.1362 and take profit at 1.1402

Buy order on EURUSD touched Stop loss with a total loss of $0.21

On TF M30 today EURUSD is touching the demand area, so we can try to buy now with stop loss at 1.1178 and take profit at 1.1223

EURUSD Daily Analysis - Consolidation day ahead of key data from both sides of the Atlantic.
Since the beginning of October, the dollar has strengthened steadily and smoothly against the Euro. For half of the month, EURUSD movement is only in a downward direction with a gain of 300 pips for the dollar.
The dollar is currently in its strongest position since August 2024. Technical analysis shows that the dollar will continue to accumulate new pips against the Euro.
Among the fundamental analysis for today Wednesday, the most important is the ECB's President Lagarde speech very late in the evening, in general the focus will be on the decision on Thursday, where the ECB is expected to cut the main interest rate by 25 basis points.
In general, very important data are expected on Thursday, both for the Eurozone and for the United States. This would mean that currency trading will consolidate in anticipation of the next day's data.
We at https://World-Signals.com expect the trend to remain today with a slight consolidation at the levels around 1.0865 - 1.0910.

EURUSD - Daily analysis - Downtrend is over, pay attention to geopolitics.
As the elections in the United States approach, we increasingly begin to pay attention to geopolitics, which affects the currency markets, and especially the dollar, at the expense of technical and fundamental analysis.
In reality, only one working week remains until the all-important elections, where the world decides which way it will go next. Escalation of the two major conflicts into full-scale wars is a completely possible scenario.
This would affect the United States depending on how involved the US would be. A further escalation of the wars could strengthen the dollar as US industry would produce more of the real good - weapons, as opposed to peace, where services are the driving force of the US economy.
We expect new developments in the last days of the campaign, be it new attacks against Trump or escalation in the Middle East, after another batch of missile attacks against Tehran (Iran).
On Monday, we don't really have any important data for the United States or Europe. On Tuesday we expect data on Consumer Confidence, Housing Price Index and JOLTS Job Openings.
Big expectations for fundamental news from the United States are expected in the second half of the week, with the important Nonfarm Payrolls (Oct) report at the end.
Expectations for Nonfarm Payrolls (Oct) are for a sharp decline in the numbers to weaker jobs data. That is why the dollar stopped the EURUSD downward trend in the last almost month.
Thus, from the great growth of the dollar (EURUSD) from 1.12 at the end of September, to 1.0761 on October 23, 2024. This trend ended in the 43rd week of this year (the last week) to pass into expectations of a decline in the dollar and return to levels above 1.08.
Thus, the downtrend is over and a break below 1.0760 is unlikely until at least Friday.
Use the moment to trade in a neutral trend with a move of 25-40 pips or an uptrend in anticipation of levels above 1.0860.
Let's also mention the BRICS meeting, which leaves the Dollar as the leading world currency in international payments for now, but more and more the Dollar will give way to the power of China, Russia and the rest of the world.

Source: World-Signals.com

Will we witness parity in EURUSD?
EURUSD - Daily analysis and trading strategy.
The new week begins with the G20 meeting in Brazil. It is possible to outline new directions for the development of the world, especially in the hotspots Ukraine and Israel.
On Monday, the ECB's President Lagarde speech is expected, where it should become clear whether there will be a change in interest rate policy in Europe after the election of Trump. Lagarde is likely to hint at a cut in the key interest rate.
The tariffs that the new team in the White House is expected to introduce to Europe and especially to its industrial part, such as Germany, are already having an impact. Factories will not be able to compete with Chinese and American goods. In addition, the market for goods from Europe is constantly shrinking, and the quality is falling.
Currently, 41.5% of German companies report a lack of orders. This percentage will increase significantly in early 2025.
A number of manufacturers from Europe are thinking about where to go. Possible locations are the United States, China, and possibly other countries such as Turkey and Southeast Asian countries.
The euro has no chance in the near term. The probability of Euro/Dollar parity is very likely even before January 20, 2025 (Donald Trump's Inauguration).
Therefore, our strategy remains to sell the euro with the aim of parity and down. If you are entering the market now, wait for the slight upward correction of 50-80 pips to re-open a short position. For this week, we expect the dollar to take a lead of 100-130 pips against the Euro.
Source: World-Signals.com