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.
The EUR/USD outlook remains uncertain amid a backdrop of fluctuating US dollar strength and significant upcoming events. The US dollar has been slightly weakened due to a lack of major news and the US holiday, compounded by a disappointing retail sales report. Investors are eyeing key central bank decisions from the Bank of England and the Swiss National Bank on...
OANDA:EURUSD ANALYSIS - Focus returns to Europe and France in particular in the lead up to the elections - Will the ECB step in to calm widening bond spreads considering Frances debt load? - EUR/USD fails to capitalize on Mondays reprieve – downside risks remain WILL THE ECB STEP IN TO CALM WIDENING BOND SPREADS CONSIDERING FRANCE'S DEBT LOAD? With the...
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 EURUSD pair is displaying bearish momentum as it consolidates beneath the recent support level, which has now turned into resistance. This pattern indicates that the pair is likely to continue its downward trajectory. The current consolidation phase under the broken support zone suggests a potential move towards the previous spike breakeven area. Traders...
Hello,Traders! EUR-USD fell further down But a horizontal support Of 1.066 was hit and the Pair is already making A rebound so I will be Expecting the pair To go further up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅After the retest of the of horizontal support of 1.0667 It makes sense to expect a bullish correction As EUR_USD is oversold and the market players Will be taking profit from the level Fueling a buying wave LONG🚀 ✅Like and subscribe to never miss a new idea!✅
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!
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!❤️
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...
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,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!
✅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!