The EUR/USD pair kicked off the new week on a positive note during the early Monday trading hours in Asia. The recovery of this currency pair is supported by the prevailing weakness of the US Dollar (USD). Having bounced from last week's low of 1.0656, the pair remains constrained below the resistance level of 1.0700. Currently, the main currency pair is trading...
EUR/USD struggles to find direction on Friday, hovering within a narrow range just below 1.0700. US Consumer Sentiment, falling to 60.4 in November from October's 63.8, adds pressure. Wall Street trades in the red after Thursday's decline, impacting USD demand. The Relative Strength Index (RSI) on the 4-hour chart drops below 50 as EUR/USD slips below the midpoint...
The EUR/USD exchange rate remains at a low level and is currently hovering near the weekly bottom, just above the 1.0600 mark. The US Dollar stands firm, nearing its highest level in a week reached on Thursday in response to hawkish comments from some FOMC members, and this has emerged as the key factor exerting pressure on the EUR/USD pair. It endeavors to hold...
Despite negative data from the Eurozone (weaker growth and confidence, lower inflation), the calm Dollar environment warns that EUR/USD could rise again. The range of 1.0520 to 1.0700 appears to be the new short-term range, and EUR/USD might climb towards 1.0650/1.0675, possibly triggered by the US unemployment claims announcement. The data calendar is light, but...
The EUR/USD pair struggles to capitalize on previous positive moves and trades with slight bearish momentum in the Asian session on Tuesday. However, the spot price attempts to hold above the key level of 1.0600 and remains contingent on the price dynamics of the US Dollar (USD). The tightening stance of the Federal Reserve (Fed) further supports higher US...
EUR/USD is trading sideways around 1.0550 on Monday morning in Europe. Traders are cautious ahead of crucial inflation and GDP data from Germany. Political tensions remain a cause for concern. EUR/USD might face strong resistance around 1.0570-1.0580, where the Fibonacci retracement level of 23.6% of the latest downward trend, the 100-day Simple Moving Average...
In Asian trading on Thursday, EUR/USD remains defensive, hovering around 1.0560, the lowest in a week, as traders await the European Central Bank (ECB) interest rate decision. The currency pair continues its decline for the second consecutive day, extending its retreat from monthly highs. Support was found around the 20-day Simple Moving Average (SMA) at 1.0560....
EUR/USD continues its recovery but remains below the 1.0700 level early on Tuesday. The pair benefits from the decline in US Treasury yields and the weakness of the US dollar. Positive changes in risk sentiment support the new upward trend. Keep an eye on EU/US PMI data. The EUR/USD exchange rate accelerated its gains on Monday, surpassing the 1.0640 level. It...
EUR/USD maintains a higher level but remains below 1.0600 in Wednesday's Asian trading. Risk sentiment prevails, weighing on the US Dollar, especially amid positive data from China. Market focus is on Lagarde's speech and EU/US data. The EUR/USD rate has risen above the 20-day Simple Moving Average (SMA), which still slopes downward. The Momentum indicator is...
The Swedish economy will not shrink as much as previously expected, and the level of unemployment will stay relatively steady, according to a government agency. However, high inflation and higher interest rates have had a negative impact on Swedish households, leading to a significant decline in housing construction. This, along with a slowdown in exports, will...
Potential Bearish Entry Dow Theory In Place - Lower High and Lower Low Expected in Place Formation of DOUBLE Top coupled with bearish divergence (Bearish reversal pattern) SL & TP Levels are defined.
Hello guys! Here we have 2 possible scenarios on EURSEK, but as trading si all about reacting correctly not predicting, we should firstly wait for a break in any direction, and only after that we can be looking for an entry at the retest. What do you think? I would consider a long position based on the other technical indicators, such as oscillators and moving...
EURSEK Entry Price 10.96633 Target Price 11.02028
Price close above trend line. Watch for long opportunities.
Engulfing Candlestick Pattern on the Daily Time Frame for EURSEK.
EURSEK $EURSEK Initial Short. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal. Entry reasons: EURSEK is showing momentum and confluence of mean reversion crossing up the 70 day price mean. Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
EURSEK Intraday - We look to Buy at 10.6539 (stop at 10.6164) The medium term bias remains bullish. We look to buy dips. Our short term bias remains positive. Downward pressure has continued and we are assessed as being in the corrective leg lower before the next rally. Previous support located at 10.6500. Our profit targets will be 10.7529 and 10.8182...