Past Performance The Euro is firm at spot rates. While the FED's move to briefly pause interest rate hikes forced the currency lower in the NY session, the uptrend is clear. As such, every low above $1.0770 offers entries for aggressive traders angling for $1.0950 and $1.1100 in the medium term. #EURUSD Technical Analysis The uptrend is clear, and the Euro is...
Past Performance The uptrend remains, and the Euro could edge higher in the days ahead despite the long upper wick suggesting liquidation in the closing session of June 12. However, the bullish outlook remains provided Euro is above $1.0700 or June 8 low. #EURUSD Technical Analysis Technically, the path of least resistance is southwards from a top-down...
Past Performance There are attempts at higher highs in the daily chart. After losses throughout May, the downtrend could be over for the euro. Even so, the failure of bulls to push higher on June 9 questions the strength of the uptrend. The immediate support lies at $1.0750; if euro edges higher today, there may be more upsides in the days ahead. #EURUSD...
Past Performance The recent accumulation of the Euro prices ended supporting buyers, looking at the performance in the daily chart. The Euro is trading above immediate resistance, support, and the middle BB—a net positive. From the candlestick arrangement, every dip above $1.0770 may offer an entry for optimistic traders as buyers likely extend their gains. ...
Past Performance Euro prices remain in consolidation within a tight range. From the daily chart, the least path of resistance is southwards, especially as long as prices are below $1.0770. Presently, USD bulls' momentum seems to be fading while Euro is finding strength above $1.0600. The results are balanced candlesticks with long upper and lower wicks,...
Past Performance Euro prices are lower as USD bulls found support. Technically, the downtrend remains. In the short term, the bulls of June 1 could shape the trend. For the uptrend to take shape, there must be a sharp, high-volume expansion above $1.0770 or June 1. Conversely, sellers would double down if EUR prices slip below $1.0660 and $1.0600 in the short...
Past Performance The Euro remains volatile when writing, shaking off bears, and rejecting attempts for lower lows. With the June 5 bar closing with a long lower wick, it could suggest that the Euro found support in the late European and NY trading sessions. The immediate support and sell trigger lines remain at $1.0660 and $1.0600. #EURUSD Technical Analysis...
Past Performance Euro prices edged lower on June 2, reversing most gains posted the previous day. However, while USD bulls appeared to have the upper hand, trading volumes were lower, solidifying the bullish outlook. Therefore, while bears are optimistic, June 2 losses could be reversed should Euro bulls step in today. #EURUSD Technical Analysis The path of...
Past Performance There is a welcomed revival in the Euro following a worrying 3.6% dip from April highs. The long lower wick of May 31 was followed by a bullish engulfing bar on June 1, reinvigorating buyers. With prices above $1.0760, there is room for further gains in the immediate term towards $1.0850. EURUSD Technical Analysis Buyers are confident of the...
Past Performance EUR price crashed on May 31, dropping to as low as $1.0626. However, the long lower wick at the end of the session could provide a glimmer of hope for bulls. Presently, the downtrend remains, and USD bulls are emphatic. As it is, the Euro is down 3.6% from May 2023 highs. #EURUSD Technical Analysis EUR prices remain in range at spot rates but...
Past Performance The reprieve of Euro bulls was quickly reversed on May 31 as the sharp liquidation ended attempts for higher highs and reversed gains. As it is, sellers are back in the picture, and yesterday’s highs at around $1.0760 will act as the liquidation line and resistance for aggressive short sellers. #EURUSD Technical Analysis The path of least...
Past Performance From the EURUSD daily chart, it is evident that sellers are in control, taking charge. USD bulls have been relentless, and at this pace, EUR prices may easily slip to $1.0500, retesting March 2023 lows. Notably, the banding of bars along the lower BB suggests that the selling momentum is strong, indicating that there could be more losses in the...
Past Performance Euro is bearish, and gains on May 26 were turbulent, supportive of sellers. However, with a doji forming and prices trending below $1.0760, there are hints that sellers could press on. Thus far, prices are around last week's lows at $1.0700 and could break lower in spite of today’s gains. #EURUSD Technical Analysis The short-term trend favors...
Past Performance Sellers are unrelenting, and yesterday marked another day of extension. Prices edged lower as the Euro slipped in a bear trend continuation formation. The downtrend remains, and the upside has resistance at around $1.0760, marking March 19 lows. #EURUSD Technical Analysis Bears dominate, and EURUSD is in a breakout formation, confirming last...
EURUSD Technical Analysis: Target at 1.09300, Sell Range at 1.09600 In this article, we will provide technical analysis for EURUSD and discuss potential trading opportunities. The current market conditions and chart analysis suggest a sell range at 1.09600, with a target of 1.09300. Traders should set a stop loss around 1.09800 to limit their potential...
Hello traders, I want share with you my opinion about Euro. Watching the graph, we can see how the price formed a resistance area 1.0760-1.0770, from which it begin to decline and subsequently formed a symmetrical triangle. We see how the price has re-tested the support line and risen. Euro is now trading below the resistance line of triangle, but may continue to...
The break of support signaled me to go straight into bear mode with on-the-spot analysis live in this video... As a result of the previous idea on what I expect to happen in the market over the coming weeks this was a timely update which is why I was quick to make this video. As this point the markets will definitely psych you out if you do not follow this...
According to the previous day's forecast, the second scenario begins. My suggestion to enter the trade is after the Pull-back at the entry point. Dear friends: Please write your suggestions and comments. I'll be glad If you write any forex currencies pair, cryptocurrency and stocks in the comments for analysis so that I can publish that ;)