EURUSD Analysis (ongoing thread)

The price may make a bullish reversal now. It seems that it has found its support and had a bounce. Thus, the price may make at least bullish correction here. Let us wait and watch what happens.
 
EURUSD - 25/10/2021 - Initially last week long trades were the winners but we’re now stuck in a range with a week dollar.

1.166 top and 1.162 bottom defines the range and long term I’m looking for a breakout towards the downside.

This week will be a ECB meeting with Lagarde unlikely to say anything in support of a stronger EUR.

We’re also seeing the energy crisis begin to hit Europe which will dampen economic recovery.

All in all can see l a less positive case for the EUR leading me to aim for the shorts this week.

Do you see more upside for EURUSD or feel the negative news from Europe will weigh on the pair? :)

#financiallyfreetrader
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EURUSD - 08/11/2021 - We look on our way to 1.15 as NFP calls 531k showing improvement in the labour market for FOMC and tapering to begin at the end of this month.

ECB’s dovishness has me bearish long term and can see us testing the 1.16 level before coming down to 1.15.

Reasons to be bearish:

- ECB President Lagarde stresses again that Eurozone interest rates will not be increased any time soon.
- EUR/USD has been moving closer to the historic 2021-low.
- 1.1500 aligns as the next target on the downside.
- As we come into winter the energy crisis may start to bite in Europe as well a seasonal spread of covid maybe?
- EUR economic data appears soft.

All in all I can see us moving up to 1.16 level to test short term but can see the EUR start to see the squeeze of winter.

#financiallyfreetrader
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