Suggestion World-Signals Daily Analysis

EURUSD levels below 1.20 are good for long positions
The new business week started sluggish in the first part of Monday. There is not a clear direction and as overall the trading EURUSD is into neutral direction. The trading level (EURUSD) below 1.20 is a very good entry for many investors to buy Euros.
Until the end of the day and tomorrow (Tuesday) there are no important fundamental events in the United States and in Europe the most important event is Germany Trade Balance on Tuesday.
In the absence of fundamental events the market will focus over the politics of the new president Biden and the new economy stimulus. Also the news of the Corona-Virus may also push the trading in one of the directions. As overall in a time without key events the market may easily find a new direction as the chance for upward movement above 1.2100 is with higher chance. So we recommend staying in long positions in the first half of the week.

 

Trading Strategy for EURUSD ahead of U.S. Holiday on Monday
There remains little more than 24-hours to complete this week's trading. EURUSD in this second week of February is currently trading at about +90 pips from the start of the week. The lossing process of the Dollar continues. In the next trading hours EURUSD may make some recovery based on technical indicators from 1.2137 now to levels below 1.2100. You can find the bottom at 1.2100 or 1.2073. World-Signals.com recommend to use the level of 1.2073 as the possible bottom of trading and use this level of few pips below as a stop. So the trading strategy in the last day ahead of the U.S. Holiday on Monday (U.S. President's Day) is to try entry into a long position with stop below 1.2073 and wait for a new target up above 1.2150 that may happen in the rest Monday or during the Tuesday Asia session.

 

In the forex market, a lot of traders lost their money because of fake or bad brokers. Brokers play an important role in trading. Making profit or having loss is mainly depends on the broker. while choosing a broker, a trader should research properly about the broker. I always trade with Forex4you. Because they give me proper guideline at the time of trading. They also help me to do comfortable trade. So, for me they are perfect broker for me.

 

https://www.mql5.com/en/signals/900039

+ 1,380% baixo dd e grande LUCRO

 

One of the most important forex strategy is to think with your mind not with your heart. Emotion can put you in danger in forex market. Another strategy is to pick up a broker which gives a lot facilities in the trading. I use Forex4you for their low spreads, dynamic leverage and quick customer service. They provide tight spreads starts from 0.1 pips. Their maximum leverage is 1:1000. They give me 24X5 customer service. So, in my trading career they play an important role.

 

The effect of U.S. Economy support and Dollar gains is about to end.
The Dollar already generated the news about the new stimulus for the U.S. Economy. The effect of the $1.9 trillions plan supports the Dollar wins and gains of about 330-380 pips against the Euro in the last 10-days.
EURUSD reached the lowest level of 1.1835 today that is the lowest level since November 23rd 2020. In the last couple of days the fundamental data did not take a mind in the trading so after the strong stimulus the investors may go back to the fundamentals.
One of the fundamental focuses is U.S. CPI (Consumer Price Index for February) expecting to raise to 0.4% from 0.3%.
Also the investors will focus on Europe and ECB Interest rates decisions and news about schedule for Thursday this week.
World-Signals.com trading strategy is to stop with short positions and turn into corrections up to 1.1960. If the downward movement continues we may see a tiny attack below the current lowest level of 1.1853 to level of 1.1805 and then correction up to expecting 1.1960.

 

EURUSD Trading strategy this week
The strong data for U.S. ISM Services today for March of 63.7 very higher than the key border of 50.00 do not help the Dollar. ISM Services consensus expectation was 58.5 also higher than one month earlier of 55.3. The potential of the Dollar ends at levels below 1.17 and many investors open long positions with expectations to hold EURUSD long above 1.20.
Tomorrow (Tuesday 6th) is expecting EuroZone Unemployment Rate for February as the consensus and prior month report are equal to 8.1%.
EURUSD found very strong support at 1.1704 and 1.1748. World-Signals.com recommends to hold long positions and use the level below 1.1748 for stop. The target is a long-term of 1.20 and may happen in the mid of April 2021.

 

EURUSD to test 1.20 in the next few days
The Dollar is on the way to make temporary recovery against the Euro in the next couple of hours. The recovery is based on technical correction. EURUSD trend in the mid-term period remains upward.
There are some key fundamental events that can move the market. The first one and most important is the U.S. Retail Sales for March. It is expecting a strong recovery up to 5.9% compared with -2.7% in the prior month. During the same time of Retail Sales release is expecting Initial Claims. The weekly number of people filing first-time claims for state unemployment insurance may drop to 700K compared to 744 prior month.
For tomorrow morning Germany's Harmonized Index of Consumer Prices is expecting at the same level of 2.0%.
All these factors are not enough to support the Dollar at the end of this week and beginning of the new week. World-Signals.com expects to see EURUSD to test 1.20 and above.
In a support level we recommend to use the level of 1.1915.

 

I have another thought. I guess eurusd will probably be down today or tomorrow.

 

Fed Interest Rates and GDP reports on focus to the end of the week
The EURUSD trading found a good support line at 1.2055. Although EURUSD trading is possible down correction to 1.2038 where is the next support level the trend into upward direction starts again.
The most important coming events that will take effect over the trading crosses are Fed Interest Rate Decision, Fed's Monetary Policy Statement and FOMC Press Conference. The policy trading probably will remain unchanged with focus over the stimulus of the economy.
Tomorrow the most important events are Germany unemployment and the Harmonized Index of Consumer Prices. Do not forget that much more important is Gross Domestic Product Annualized for Q1 on Thursday 12:30 GMT where the consensus is for 6.5% growth compared to 4.3% in the prior period. On Friday GDP date will be released for Germany and the Euro Zone too.
World-Signals.com trading strategy is to use these two key support levels of 1.2038 and 1.2055 as stops and open long positions with targets above 1.2130 in the next two days or target 1.2150 in the next couple of days.

 

Trading ideas for EURUSD this week
EURUSD currently hit the highest level of 1.2266. This is the record high level for the last 5-months. The highest trading level of EURUSD in 2021 is 1.2349. The big questions is the potential of Euro to hit 1.2349 and the levels above this key resistance.
Since the beginning of April 2021 EURUSD is in upward trend.
In the last week of May is expected to show key news for U.S. Durable Goods report on Thursday and Initial Claims to confirm that the jobs market recovery is very slow.
World-Signals.com trading strategy this week is to use short positions with target at 1.2210. If it breaks below 1.2210 we can see levels of 1.2165. The move above 1.2266 is sure to happen but the move may stop at 1.2290/1.2300. The level of 1.2349 may not hit this month. So use the current levels to trade into both directions and if you use long positions try to open at 1.2170 up to 1.2210 and expect target 1.2260.

 

The market is very dynamic, no one analyst that able to predict exactly the price
but learn from analyst how to make analysis market, it useful for learning

 

Fed Interest Rates - Focus over the higher inflation
Today at 14:00 Eastern Time will be published the decision of the US Federal Reserve on interest rates in the country. The expectations for today's meeting are that the interest rates will not be changed and will remain at the level of 0.25%.
The Fed's press conference, which will start at 14:30 Eastern Time, is also expected with increased interest. Investors are waiting for comments from Fed Chairman Jerome Powell on inflation, the state of the economy, and future moves by the central bank.
World-Signals.com recommends focusing over U.S. Inflation as probably the risk of high inflation is real.

 

EURUSD trading strategy ahead key events
During the current European session the trend of EURUSD will change. The current downward trend started last Friday and is about to end today. The Dollar gained about 130-140 pips in this period of 4 days.
For today the key event is ISM Manufacturing PMI(May) at 14:00 GMT. But overall the key event that everyone is waiting for is Friday Non-farm payroll report. It is expecting a positive report that may support the dollar. The event is already generated by the market. But till the event World-Signals.com expects to see temporary recovery of the Euro as possible levels up to 1.1885.

 

The higher U.S. consumer price may support the dollar in a short term period
Inflation climbs for third straight month: U.S. consumer prices rose 5.4% in June from a year ago, again higher than expected.

The dollar became stronger after today's key report for U.S. inflation. The Dollar gained about 55 pips after the release of the news.
This year World-Signals.com expects to see the highest inflation in the last decade. As the dollar gains today by this news in a mid and long-term period the dollar may lose against the major currencies.
But the higher inflation is a signal that Fed policy to hike U.S. interest rates is close. The Fed last month announced that it will make two interest rate hikes with the minimum 0.25% but this high inflation may push the Fed to make higher than expected rates hike.

At the same time the inflation in the biggest European economy is 2.3% the same as expected and the same as in prior month of year base.
The Germany Consumer Price Index was released earlier today of 2.3% of year base and 0.4% for June the same as expected and prior month too.
For tomorrow (Wednesday July 14th) the most important event is Fed's Chair Powell testifying schedule or 16:00 GMT.

The news for U.S. Consumer prices may strengthen the Dollar in a short term period. Our prediction is to see EURUSD at levels of 1.1600.

 

New Mexico news dropped the oil price today.
The oil price quickly moved down after the release of the news that New Mexico broke oil production records.
"New Mexico broke an oil production record in May, pumping an average 1.22 million barrels daily as the Permian Basin returned to output growth again."
The Oil price dropped about 150 pips after one hour of the news release and is on the way to continue downward direction. The top level of oil price WTI New York was at $76.95 on 6th of July 2021 and since then the trend is down. The huge recovery since July 19th is impossible but temporary we may see levels close to $70 in a few days time.
World-Signals.com trading strategy is to bet into short positions. If you are not into short positions already at levels of $71.50-$72.00 and above you can enter now or wait this level to open short with a target close to $70.00.

 

While oil and gold set records, the dollar is consolidating against the Euro.
The dollar remains steady against the Euro this week. But the same cannot be said for oil and the price of gold. The dollar continues to lose against the precious metal, which is setting new records day after day.
And oil is about to reach $100 levels, as Russia has promised after becoming the real OPEC+ leading country.
Since both economies on both sides of the Atlantic are sufficiently vulnerable to contemporary challenges, the dollar and euro will continue to weaken, respectively.
What is seen from technical analysis is that Euro/Dollar will continue in the 1.0770 - 1.0870 consolidation for about a week, after which we expect a break out of these levels.
World-Signals.com recommends a narrow trade at the levels around 1.08 with target exits up to 40 pips from the opening point.


Although a trade outside of this week's range is possible, overall we don't expect the move in one direction or the other to last for long.
However, the collapse of the dollar in other markets such as oil and gold will continue to undermine confidence in the dollar.

The all-time highs in the price of gold are yet another signal to seek new investments and flee fiat money, which could collapse too quickly. The results coming from the banks, as a major buyer of gold, continue to add fuel to the fire, and the US dollar is now in the fire.

 

Good Eurozone data slightly supported the Euro, but more importantly...
Good data for Germany and later for the Eurozone moved the market during the morning European session.
The data helped the Euro take a 50-pips lead against the Dollar, but that lead later narrowed to around 25 pips. Investors tend to use data from the United States instead of the Eurozone, so they await today's important data on the S&P Global Manufacturing PMI for April and the S&P Global Services PMI also for April. In general, World-Signals.com expects a stop in the growth of the Dollar at the levels of 1.06 (EURUSD) and a smooth movement upwards to 1.08 in the coming days.

 

What will the intervention of the Bank of Japan lead to?
The Japanese Yen literally collapsed today to levels above 160 Yen to the dollar. The Bank of Japan had no choice but to intervene in the market. And the bank actually acts with a strong intervention towards the end of the Asian session. The yen had reached as high as 160.32 (USDJPY), after which strong intervention by the central bank lowered the rate to 155-157 levels.
The last USDJPY levels of 160.00 and above were back in 1986.
The yen has been in a constant process of depreciation for the past 12 years, and this trend has intensified after the beginning of 2022.
Despite the strong support for the yen from the Bank of Japan, a few hours later the yen already lost about 180 pips. World-Signals.com expects the yen to continue depreciating regardless of central bank support. Levels of 160 yen to the dollar are realistic for the beginning and middle of May.