EUR/USD Faces Uncertainty Ahead of Key Events: ECB Meeting and US CPI Data Introduction The EUR/USD pair is grappling with uncertainty as it hovers below the mid-1.0700s during the early European session on Wednesday. Investors are treading cautiously ahead of pivotal events that could significantly impact the currency pair's direction. The EUR/USD is currently...
Last week we outlined a bearish bias on the daily EUR/JPY chart, due to its elongated bearish candle below 160 following an established RSI divergence on the daily chart. The 1-hour chart shows a strong move lower from the August highs, followed by choppy price action and a lame attempt to recoup half of the losses sustained from the initial drop - which suggests...
EURCHF broke and closed above a major falling trend line on a daily. The market is currently retesting that. I anticipate a growth to 0.9595 resistance. ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today’s trading session we are monitoring EURGBP for a selling opportunity around 0.86200 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86200 support and resistance area. Trade safe, Joe.
The EURUSD pair got last week the closest to the 1W MA50 (blue trend-line) it has been since the January 02 2023 1W candle, practically the start of the year. The 1W MA50 has been the long-term Support of the bullish trend since the pair broke above it on the week of December 05 2022. Testing it after that long can provide a technical rebound, especially...
EUR/USD Struggles Amidst Dollar Rebound and ECB Uncertainty Introduction The EUR/USD pair is facing a challenging road ahead as it attempts to recover from recent lows. Despite an overnight rally that pushed it to a four-day high, the pair is grappling with a mild negative bias during the Asian trading session on Tuesday. Spot prices are currently hovering...
EURJPY - 24h expiry Posted a Bullish Hammer Bottom on the Daily chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a...
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Yesterday, EURUSD continued its correction and headed towards the resistance zone. By the end of the week, data on US inflation and interest rates from the ECB are due. Before the important news, it is not advisable to take a high risk and it is better to wait. We have determined zones on all major assets and are monitoring development!
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Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.07900 zone, EURUSD was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 1.07900 support and resistance zone. Trade safe, Joe.
EUR/USD: Navigating Currency Markets Amidst Dollar Weakness The EUR/USD currency pair has been making headlines as it posts a modest gain, hovering around 1.0725, signaling a shift in the forex market dynamics. This move comes amidst several key developments that are influencing the pair's direction, including statements from US Treasury Secretary Janet Yellen,...
EURCAD broke and closed below a support of a horizontal range and a rising trend line. The violation of both horizontal and vertical key structures is an important sign of strength of the sellers. The prices may go much lower now. Next support - 1.4505 ❤️Please, support my work with like, thank you!❤️
EURUSD continues holding around 1,0700 and no still no entry grounds. US inflation data is coming on Wednesday and ECB interest rate on Thursday. Upon continuation of the correction resistance levels will be 1,0780 and 1,0846. We will be looking for new trades after the news upon good ratio.
EN is sitting within a huge range to the upside, this is overall a bullish range we did last week create a lot of sell side movement to towards our POI but we never broke out of our range and since have pushed up create a very clean trend liquid area which could give price a clear area to aim for, as it stands iam not really interested in trading the swing range...
Hey Traders, in today’s trading session we are monitoring EURCAD for a selling opportunity around 1.46400 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46400 support and resistance area. Trade safe, Joe.
Hey Traders, in tomorrow’s trading session we are monitoring EURCHF for a selling opportunity around 0.95700 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.95700 support and resistance zone. Trade safe, Joe.
EURUSD broke and closed below a support line of a major rising channel this week. Here are the important key levels to watch next week. Horizontal Key Levels Support 1: 1.063 - 1.069 area Support 2: 1.048 - 1.054 area Resistance 1: 1.092 - 1.095 area Supply & Demand Zones Supply Zone 1: Expanding area based on a broken support of the channel and 1.077 -...