EURUSD has been declining without a stop since July, turning bearish on the 1W timeframe (RSI = 38.075, MACD = -0.002, ADX = 37.003) with the RSI that low for the first time since October 2022. The most important technical formation though is the 1W Bullish Cross (MA50-100) which is the first time we see it forming after exactly 3 years. A quick look on past 1W...
Euro Stays Under Pressure Against Strong Dollar The Euro (EUR) continues to face downward pressure against the US Dollar (USD), with EUR/USD touching new six-month lows near the 1.0600 mark during early Friday trading. Here are the key factors influencing the Euro-Dollar pair: 1. Strong US Dollar Dominance: The US Dollar, as represented by the USD Index...
EUR/USD Remains Range-Bound Amid Strong USD and ECB's Dovish Outlook The EUR/USD pair is locked in a narrow trading range on Monday and appears susceptible to further declines. The US Dollar (USD) maintains its strength near a six-month high, driven by the Federal Reserve's (Fed) hawkish stance, which continues to weigh on the pair. The Fed recently reiterated...
Euro Trims Losses Against US Dollar Post-Fed Event In the aftermath of the recent Federal Reserve (Fed) event, the Euro (EUR) found itself on a backfoot against the US Dollar (USD), but it managed to regain some ground. Here's a look at the key events and dynamics shaping the EUR/USD currency pair's movement. Euro in Decline Post-Fed: The Euro had been facing...
EURGBP is trading within a wide horizontal range on a daily. Its upper boundary was reached last week. Analyzing the reaction of the price to that, we can spot a narrow horizontal range on an hourly time frame. Its support has just been broken - it is an important sign of strength of the sellers. I anticipate a further decline now to 0.8666 / 0.865 ...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 After price bounced from $1.0860 resistance level, which coincided with resistance area, it started to decline in falling channel. In channel, price even made fake breakout, but then it declined below $1.0860 level to support line. Then it made upward impulse to...
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#EURGBP peaked during the #GFC @ 0.98 I expect during these coming few years and possibly next financial crisis this to be run. What does this suggest severe weakness in the UK economy Or the ability and the magnitude of easing to come from the BOE to dwarf the ECB's response either way trade with the prevailing trend would be my...
The Euro (EURUSD) could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 1.06787 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 1.07200 which is a level that sits above the 78.6% Fibonacci retracement level and an overlap resistance. Take profit is...
I must admit that the current state of affairs in the currency market has left me feeling rather disheartened. It is with a heavy heart that I share with you the recent news regarding the euro's ongoing decline, even in the face of the European Central Bank's (ECB) decision to raise interest rates to unprecedented levels. In a surprising turn of events, the...
Hello,Traders! EUR-USD is trading in a Downtrend but the pair is Now retesting a horizontal Support of 1.0626 so a Local bullish reaction Is to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅EUR_USD retested the strong support level at 1.0622 After trading in a local downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above at 1.0674 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hi folks today I'm prepared for you Euro analytics. Some days ago price traded near the 1.0865 resistance level, which coincided with the resistance zone, but after the price rose a little higher than the zone, it made an impulse down, thereby breaking the 1.0865 resistance level. After this movement, Euro in a short time backed up and even later reached the trend...
Here is my latest structure analysis & key levels to watch next week on EURUSD. Horizontal Structures Support 1: 1.0630 - 1.0635 area Support 2: 1.0516 - 1.0545 area Resistance 1: 1.0717 - 1.0737 area Resistance 2: 1.0755 - 1.0775 area Vertical Structures Vertical Support 1: Lower boundary of a falling channel Vertical Resistance 1: Upper boundary of a...
EURUSD Back to sell area Fed Sell off got stopped by Bonds Back to regular Trading days !! Stay Calm Be patient TP 1.0750 SL 1.0600
hello guys... as you can see.. after this pair makes a three-drive pattern, start a downward movement! now this pair engulfed the last lower low! so what can we do now?! the first scenario is that this pair goes upper than the gray area and confirms an upward movement until the blue area! the next scenario is that the price never goes higher than the gray...
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a not long time ago price declined from the 1.0735 resistance level, which coincides with the seller zone and fell to the support line of upward channel. But Euro at once rebounded from this line and rose to the seller zone, where it some time tarded and then...
EURGBP is on a strongly bullish 1D technical outlook (RSI = 67.813, MACD = 0.002, ADX = 32.512) as it is rising on HL since the 0.84950 bottom. The 1D MA50 has been turned into Support but the price is now approaching the first important Resistance levels for the long term, R1 (0.87025) and more importantly the 1D MA200. If it achieves a candle close above, we...