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,...
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!
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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,...
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...
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...
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...
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...
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...
✅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🔥
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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!❤️
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...
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!
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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....
The US dollar strengthened last week, reaching its highest level since mid-February. Despite initial losses, the greenback reversed its trend in response to a shift in global interest rate expectations. Speculation arose that other central banks may relax their policies earlier than the Federal Reserve. The European Central Bank could be among them.
This week,...
At the latest policy meeting, the ECB decided to keep interest rates unchanged but left no doubt about its intention to move to more easing. The guidance prompted traders to increase bets that the organization led by Christine Lagarde will launch an easing campaign at the next monetary policy meeting in June.
The prospect of the ECB being ahead of the Fed on...
BULLISH US DOLLAR FORECAST OANDA:EURUSD
- The mighty dollar is back as CPI data impacts policy paths
- EURUSD at risk after the ECB laid out the conditions for lowering rates
THE MIGHTY DOLLAR IS BACK AS CPI DATA IMPACTS POLICY PATHS
The US dollar is back in the FX market following strong CPI data, leading to a reevaluation of the world's reserve...
