The EUR/USD remains stable after recovering from losses recorded in the previous session. The currency pair is trading around 1.0810 during the Asian hours on Thursday. Technical indicators show that the EUR/USD is trading within a narrow range. The RSI indicator is currently at a neutral level, indicating no strength from either side. Additionally, the MACD...
EURUSD looks quite oversold after 3 strong bearish days. The price reached a key horizontal support yesterday and leaves clear signs of exhaustion. We can expect a pullback to 1.0765 ❤️Please, support my work with like, thank you!❤️
EURUSD is quoted lower by 0.04% at around 1.0756, making the euro softer against the US dollar but slightly higher against most other G10 currencies after the ECB released a draft discussion between Lagarde and several newspapers. The 50-day MA is trending upwards, crossing above the 200-day MA, forming a 'golden cross,' a positive signal for EUR/USD. According...
Hello,Traders! EUR-USD went down Sharply but the pair has Hit a horizontal support Of 1.0720 from where We are already seeing a Local bullish reaction So we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago started to grow inside the upward channel, where it first declined to the support line and then rebounded higher than the support level, which coincided with the buyer zone, breaking it. Then the Euro reached the resistance line of the channel,...
EURUSD on the 15m chart is presenting a promising buy scalp opportunity. The pair is currently resting on a solid support zone, suggesting potential for a bullish move. Keep an eye on this for a quick trade!
On our last analysis EURUSD analysis (June 04, see chart below) we mentioned that it was a do-or-die moment for a rejection as it had marginally broken above the top (Lower Highs trend-line) of the 5-month Channel Down: As you can see the price did close all subsequent candles below the top and inside the pattern, hence confirming the rejection bias and that...
EUR/USD fell through all three simple moving averages and prior horizontal support in early trade before finding stability around 1.0750. The next level of support is seen just below 1.0700.
The lack of US data last week resulted in lower volatility, benefiting the dollar and treasury yields. Low volatility favors higher yielding currencies in the FX market. The upcoming US PCE data could impact the dollar's performance. Better than expected survey data on Friday revealed a decrease in inflation expectations, causing temporary weakness in the dollar...
The US economic surprise index suggests that incoming data will likely remain soft due to restrictive monetary conditions and a return to disinflation. Despite an expected rate cut from the ECB, softer US data has caused EUR/USD to rise. The pair has been moving within a downward sloping channel since mid-May, with support at 1.0800 and resistance at 1.0942/1.0950.
EURUSD ticked up on Tuesday but failed to decisively push past confluence resistance between 1.0865 and 1.0880, where the 50% Fibonacci retracement of last year's decline intersects a key short-term descending trendline. Traders should continue to watch this ceiling in the coming days, bearing in mind that a bullish breakout could set the stage for a rally toward...
Hello everyone, today let's join Rena to review some information and predict the trend for the EUR/USD currency pair! If EUR/USD maintains above the support level of 1.0850, we might see a recovery towards the resistance level of 1.0950. Today's trend may continue to decline due to the difference in monetary policies between the ECB and the Fed, along with...
Hello,Traders! EUR-USD is falling on the Elections news, but its likely To be a nothingburger as usual so As the pair is about to Retest a horizontal support Of 1.0733 we will be Expecting a bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EURUSD is bearish on the 4H, Daily, and Weekly timeframes. EURUSD broke the correction uptrend channel last Friday at area 1.0850. Next target is to the lower channel of the downtrend at area 1.05.
✅EUR_USD is going down now But a strong support level is ahead at 1.0790 Thus I am expecting a rebound And a move up towards the target at 1.0810 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! EUR-USD went down Sharply but the pair Will soon retest the Horizontal support level Of 1.0794 from where We will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The EUR/USD pair experienced a setback on Tuesday after reaching its highest level since late March, climbing above 1.0900 before closing the day in negative territory. The pair's near-term technical outlook suggests a lack of bullish momentum as attention shifts to upcoming macroeconomic data releases from the United States. Technical Analysis Overview In the...
The European Central Bank raised Interest Rates by a Quarter of a percentage point Thursday, judging that Inflation remains too High ; even as data points to a deepening economic downturn in the 20 countries that use the euro. The move takes the benchmark rate in the euro area to 3.75%, the highest since October 2000.