Based on the 4-hour short-term chart of the FX:EURUSD currency pair, the price has been trending upwards from the 1.060 support zone. The price is currently trading above the EMA 60 and moving towards a supply zone. 🔹The current outlook is positive, with a potential for further upside movement towards the target zone of 1.077/1.080. ⏭An alternative scenario...
In the intricate dance of global currencies, the EUR/USD pair has recently found itself swaying to the tunes of central bank pronouncements and economic indicators. The past few days have been particularly eventful, as remarks from key figures like European Central Bank President Christine Lagarde and Federal Reserve Chairman Jerome Powell have reverberated...
Fed decision preview: Zero rate cuts and EURUSD parity in 2024? Expectations point to the Federal Open Market Committee maintaining interest rates at their current levels in the upcoming decision slated for May 1. However, fixed income markets suggest the possibility of rate cuts surfacing in either the July or September meetings of the FOMC. Nonetheless,...
Hello,Traders! EUR-USD went up to Retest a horizontal resistance But its a strong key level Of 1.0726 so I am locally Bearish biased and I will Be expecting a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅EUR_USD surged again to retest the resistance of 1.0728 But it is a strong key level So I think that there is a high chance That we will see a bearish pullback and a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Following yesterday's PMI reports, the EUR/USD pair is riding a bullish wave. It's currently trading at 1.0690, up from our starting point at 1.06150. Traders are optimistic about a continued bullish trend, backed by shifting market dynamics and data-driven sentiment. The recent surge in the EUR/USD can be traced back to disappointing PMI results from the US,...
OANDA:EURUSD FORECAST - TECHNICAL ANALYSIS EUR/USD jumped on Wednesday, with bulls seemingly determined to challenge trendline resistance at 1.0950 after the FOMC announcement. In the event of a retest, sellers will need to fend off the advance; otherwise, there will be minimal obstacles to a rally towards 1.0970, a key Fibonacci level. Alternatively, if upside...
After steep losses in recent days, EURUSD stabilized and rebounded off the psychological 1.0600 level on Wednesday, pushing past the 1.0650 mark. If the pair manages to build upon its recovery in the days ahead, resistance lies at 1.0695, followed by 1.0725. On further strength, the focus will be on 1.0820. On the other hand, if sellers return and regain control...
EURO ( OANDA:EURUSD ) ANALYSIS - Flash PMI data provides unflattering US outlook, Europe improves - EURUSD rises after US PMI shock FLASH PMI DATA PROVIDES UNFLATTERING US OUTLOOK, EUROPE IMPROVES German and EU manufacturing remains depressed but encouraging rises in flash services PMI results suggest improvement in Europe. UK manufacturing slumped well...
EURUSD - Buy Stop - Bullish Trend - Going to buy if the price moves above latest HH
After enduring notable losses last week, EURUSD steadied and mounted a modest comeback over the past few days, rebounding off the psychological 1.0600 level and pushing past the 1.0650 mark. If the pair continues to recover in the coming days, resistance is expected at 1.0695 and 1.0725 thereafter. On further strength, all eyes will be on 1.0820. Conversely,...
By checking the #Euro_Dollar chart in the 2-hour time frame, we can see that the price closed at 1.0652 last week and is currently in a neutral range, And to determine the next trend, we have to wait for the price to penetrate to one of the two levels of 1.069 or 1.06020! But I give 60% probability that the price will be supported again in the demand range of...
The EURUSD pair broke above the 4H MA50 (blue trend-line) today for the first time in almost 2 weeks (since April 10). Our long-term bearish Target (1.05500) is intact, as called on April 02 (see chart below): The 4H MA50 test should be a rejection though as it has been done while the pair is forming a Bear Flag. That is similar to the February 12 test which...
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EURUSD is rising toward the pivot point that close to 38.2% Fibonacci retracement and could potentially fall to a support level Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 1.0699 Support: 1.0615 Resistance: 1.0801 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital...
Here is my latest structure analysis and important key levels to watch on EURUSD next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hello,Traders! EUR-USD is making a Pullback from the horizontal Resistance level of 1.070 And as the pair is in the Local downtrend we will Be expecting a further Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
OANDA:EURUSD NEWS AND ANALYSIS - ECB officials eye June meeting for first rate cut, SNB delivers a surprise cut - Dollar drop appears short-lived as EUR/USD heeds resistance ECB OFFICIALS EYE JUNE MEETING FOR FIRST RATE CUT, SNB DELIVERS A SURPRISE CUT Despite the EU and US having different growth prospects, the ECB remains cautious about cutting rates....