EUR/USD Forecast Today 19/12: Weakened Before FOMC (Video)

  • The euro initially rallied during the trading session on Wednesday but has turned around to show signs of negativity.
  • But ultimately this is a market that I think is just killing time ahead of the FOMC meeting that occurs about three hours after I record this video.
  • And as things stand right now, it looks like we continue to hang around the crucial 1.05 level.

European Union is a Mess

I do believe that the problems in Europe are multiple, and I think they are much stronger than any desire to own the Euro. However, there is the possibility that we get some type of rally from here. And I think that rally probably offers a nice shorting opportunity with some type of exhaustion. The 50 day EMA would be an area that I’d be watching, which is near the 1.0650 level.

Then again, I’d be watching at the 1.06 level for signs of weakness in the euro that I can start shorting. As things stand right now, unless the Federal Reserve does something really crazy in the meeting, I suspect that any US dollar weakness that you see will be an opportunity to buy more. This is especially true against the euro that has now seen no confidence votes in France and Germany. Those are your two biggest players in the region, and there is no chance that it doesn’t influence the currency.

EUR/USD Forecast Today 19/12: Weakened Before FOMC (graph)

So that doesn’t do much for confidence. If the market were to break down below the 1.04 level, then I think you’d got a shot at the 1.03 level and then eventually parity given enough time. I have no interest in buying the EUR/USD anytime soon. And therefore, rallies look suspicious to me, and I will trade as such as the greenback is rallying for a reason at this point in time.

Ready to trade our daily EUR/USD Forex analysis? We’ve made a list of the best forex demo accounts worth trading with

Source link

Visited 1 times, 1 visit(s) today

Related Article

Dax Forecast Today 11/03: Is a Rebound Ahead? (Chart)

Is a Rebound Ahead? (Chart)

Created on March 11, 2025 During the early hours on Monday, we have seen the text get absolutely crushed, slamming to the downside for a loss of well over €500. At this point in time, the question is whether or not we can find some type of bounce, or even just a little bit of

EUR/CHF Forex Signal Today 11/03: Buy Signal in Play (Chart)

Buy Signal in Play (Chart)

Created on March 10, 2025 Potential Signal: I am a buyer of this pair at the 0.9575 level, with a stop loss at the 0.9490 level. I would be aiming for the 0.9750 level. During the trading session on Wednesday, we have seen the euro dropped to the 0.95 level against the Swiss franc, before

AI Trading Signals – Can You Trust Them?

Created on March 10, 2025 AI trading signals are the latest hype across the retail trading sector, especially among beginners, with DeepSeek and OpenAI the core buzzwords, but how reliable are they? Before considering using AI trading signals, traders should understand that there is no substitute for learning how to trade, as it will allow

GBP/USD Forex Signal: Eyes 1.3100 as USD Weakens (Chart)

Eyes 1.3100 as USD Weakens (Chart)

Created on March 10, 2025 Bullish view Buy the GBP/USD pair and set a take-profit at 1.3100. Add a stop-loss at 1.2800. Timeline: 1-2 days. Bearish view Sell the GBP/USD pair and set a take-profit at 1.2800. Add a stop-loss at 1.3100. The GBP/USD exchange rate continued rising, reaching its highest level since November 8

AUD/USD Forex Signal Today 10/03: Holds Steady (Chart)

AUD/USD Forex Signal Today 10/03: Holds Steady (Chart)

Created on March 10, 2025 Bullish view Buy the AUD/USD pair and set a take-profit at 0.6400. Add a stop-loss at 0.6250. Timeline: 1-2 days. Bearish view Set a sell stop at 0.6285 and a take-profit at 0.6200. Add a stop-loss at 0.6400. The AUD/USD exchange rate moved sideways even as the US dollar index

BTC/USD Forecast Today 10/03: Stuck Between Levels (Video)

BTC/USD Forecast Today 10/03: Stuck Between Levels (Video)

Created on March 10, 2025 What a wild ride for Friday we’ve had as the market has dipped below the 200 day EMA only to turn around and show signs of strength again. But now at the end of the day, it looks like we are going to close a little bit lower. With that

Struggles Despite Weak USD (Video)

Struggles Despite Weak USD (Video)

Created on March 10, 2025 The New Zealand dollar has shown itself to be rather negative during the trading session on Friday, despite the fact that we have also seen quite a bit of volatility around the markets and very anti-US dollar moves and other currency pairs. I find this very interesting, and it does

USD/CAD technical outlook

USD/CAD Outlook: Tariff Concerns Eclipse Economic Data Signals

The USD/CAD outlook shows tariff fears outweighing the impact of economic data. The US economy recorded softer-than-expected job growth in February. Traders expect the Bank of Canada to deliver another rate cut. The USD/CAD outlook shows tariff fears outweighing the impact of economic data. Despite downbeat employment data, the dollar strengthened against the Canadian dollar

USD/JPY technical forecast

USD/JPY Forecast: Tariffs, Weaker Dollar Boost Yen

The USD/JPY forecast shows higher demand for the yen. The yen rallied last week amid uncertainty regarding the global economy. The US economy added a smaller-than-expected 151,000 new jobs in February. The USD/JPY forecast shows higher demand for the yen due to US trade policy uncertainty and a weak dollar. Market participants remain concerned about

Dollar Stays Soft as Forex Markets Quiet, US CPI Highlights the Week

Forex markets are trading quietly in the Asian session, remaining within Friday’s range and showing little impetus to move decisively in either direction. Dollar is staying on the back foot, with a lack of substantial buying interest to sustain a meaningful rebound. While last week’s non-farm payroll data helped calm fears of a rapid labor

Image used for representative purpose only.

Rupee plunges 30 paise to 87.25 against U.S. dollar in early trade

Image used for representative purpose only. | Photo Credit: Reuters The rupee saw a steep plunge of 30 paise to 87.25 against the U.S. dollar in early trade on Monday (March 10, 2025) as the American currency started recovering from six-month low level while trade-related uncertainties weighed on investor sentiment. A subdued domestic equity market

A Multi-Decade Trend Reversal Underway in EUR/USD?

The sharp contrast between Europe’s newfound unity and the ongoing tariff chaos in the US has been a defining theme in the financial markets. Euro’s extraordinary strength last week reflected growing investor confidence in the region’s strategic shift toward fiscal expansion and defense spending. From the formation of the “Coalition of the Willing” to the

EUR/CHF Weekly Outlook – Action Forex

EUR/CHF surged to as high as 0.9634 last week but faced strong resistance from long term falling channel and retreated. Initial bias stays neutral this week first and some more consolidations could be seen. Further rally will be expected as long as 55 4H EMA (now at 0.9467) holds. On the upside, above 0.9634, and

EUR/GBP Weekly Outlook – Action Forex

EUR/GBP’s strong rally last week suggest that fall from 0.8472 has completed as a corrective three-wave move down to 0.8239. However, the cross lost momentum after final push to 0.8416. Initial bias is neutral this week for consolidations. Downside should be contained above 55 4H EMA (now at 0.8323) to bring another rise. Break of

Weekly Forex Forecast - March 09

Weekly Forex Forecast – March 09

I wrote on 2nd March that the GBP/NZD currency pair would likely fall in value. Unfortunately, it rose in value by 0.71%. Last week saw several data releases affecting the Forex market: US Average Hourly Earnings – a month-on-month increase of 0.3% as expected. ECB Main Refinancing Rate & Monetary Policy Statement – the rate

GBP/USD Weekly Forecast - 09/03: Gains Accomplished (Chart)

GBP/USD Weekly Forecast – 09/03: Gains Accomplished (Chart)

Created on March 09, 2025 The bullish trend accomplished in the GBP/USD this past week will be given a myriad of reasons by onlookers and traders, but at the end of the day it will be hard to debate the notion that behavioral sentiment was the greatest influence. The U.K did not turn in magnificent

EUR/JPY Weekly Outlook – Action Forex

EUR/JPY rebounded to as high as 161.25 last week but turned sideway since then. Initial bias remains neutral this week. Overall development suggest that consolidation pattern from 154.40 is extending with another rising leg. On the upside, break of 161.25 will target 164.89 resistance. In the bigger picture, price actions from 175.41 are seen as

GBP/JPY Weekly Outlook – Action Forex

Range trading continued in GBP/JPY last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, firm break of 193.04 will resume the rebound from 187.04 to 194.73 resistance, and then 198.94. On the downside, firm break of 187.04 will extend the fall from 199.79 towards 180.00 support. Overall, corrective

EUR/USD 09/03/2025

Weekly Pairs in Focus – March 09

Created on March 09, 2025 The euro has absolutely exploded to the upside during the trading week, threatening the 1.09 level. The size of the candle is rather unsettling, as interest rates in Germany have exploded to the upside, while interest rates in the United States have fallen. That being said, we seem to have

USD/CAD Weekly Outlook – Action Forex

USD/CAD reversed after edging higher to 1.4541 last week but subsequent decline was contained at 1.4238. Initial bias is turned neutral this week first. Overall, corrective pattern from 1.4791 should still be extending. Below 1.3248 will target 1.4150 support and possibly below. Meanwhile, break of 1.4541 will bring stronger rise back to retest 1.4791. In

0
Would love your thoughts, please comment.x
()
x