EURUSD experienced a significant pullback the previous day as the price broke above the 1.0760 level. As can be seen, it closed at the weekly candle low around 1.0729, after touching 1.0715, marking a deep decline. This is not only a signal of a change in market sentiment but also a strong sign of downward pressure on prices. However, I see RSI starting to...
Looking at the EURUSD chart on the 1-hour timeframe, we can observe that the pair is in a strong downtrend, currently priced at 1.07720 at the time of writing. Upon analysis, we found that the pair is currently testing the 100MA alongside the 61.8% Fibonacci retracement level, with previous support now acting as resistance, aligning with our analysis indicating...
In the dynamic world of finance, the Euro stands as a pivotal currency, influencing global markets and economic trajectories. As a seasoned financial analyst, I delve into the intricacies of Euro trends to provide valuable insights into its movement and potential implications. At present, the Euro faces a myriad of challenges and opportunities. Geopolitical...
Based on the provided information, the EUR/USD currency pair is trading in a negative territory and is poised for further declines in the short term. The optimistic US ISM Manufacturing PMI in March lifted the US dollar (USD) and pushed the EUR/USD pair to weekly lows at 1.0730, with investors awaiting additional signals from the Fed official's speech later on...
Hello forex family! EURUSD is momentarily pausing amidst a global market holiday period. However, looking forward, the US dollar is gaining strength, driven by hawkish sentiment surrounding the Federal Reserve and expectations of higher interest rates. Technical analysis further supports this narrative, with the price breaking below the 1.0780 support level and...
EURUSD recently found support at a two-month horizontal level, followed by a brief uptick ahead of Eurozone and US data releases. The correction saw a breakout above a week-long descending resistance, supported by a stronger RSI (14) line, attracting Euro bulls. However, resistance is anticipated around the 23.6% Fibonacci retracement level and the 50-SMA,...
The Euro maintained stability amidst economic challenges on March 15th. Trading at , the European currency weathered headwinds from mixed macroeconomic indicators. Despite modest retail sales growth of 0.6% in February, falling short of the projected 0.8%, the core Producer Price Index (PPI) remained unchanged at 2% year-on-year. These factors suggest cautious...
In the ever-changing landscape of global finance, the Euro (EUR) remains a cornerstone currency, reflecting the economic resilience and stability of the Eurozone. Amidst shifting economic trends and geopolitical challenges, the Euro continues to hold its ground, serving as a symbol of unity and strength in the face of uncertainty. As markets fluctuate and...
In the realm of currency markets, the Euro (EUR) remains a focal point for traders and investors alike. As a financial analyst, it's imperative to dissect current market dynamics and provide insights for navigating EUR-related assets. Currently, the EUR faces a complex landscape, influenced by a multitude of factors. Market sentiment surrounding the Eurozone...
Today, EURUSD continues to trade around the support level of 1.080, with the outlook for this currency pair still leaning towards a downward trend. The overall trend indicates a long-term decline, with prices fluctuating below both the 34 and 89 EMA lines. Furthermore, the modest increase in the US Dollar (USD) has led to a similar modest decrease in EUR/USD. In...
A solid trading plan is essential for success in the markets. Today, I'll share a powerful trend continuation strategy that leverages established market momentum. We'll focus on identifying trend direction and confirming optimal entries through price swing analysis. In a bullish scenario, we seek out uninterrupted higher highs and higher lows. The Fibonacci...
In the dynamic world of finance, the Euro remains a focal point of analysis, offering a rich tapestry of opportunities and challenges. As seasoned financial analysts, we delve deep into the Euro's fluctuations, aiming to decode its movements and provide actionable insights to investors and businesses alike. The Eurozone, comprised of diverse economies, presents a...
EURUSD remains in a subdued trading mode, closing Friday's session around the range of 1.07684-1.08035, while sustaining a modest downward or upward trend to 1.08181 before retracing to 1.07637. The pair largely unaffected by US PCE inflation data. Expectations for the upcoming week suggest further downside movement, with the nearest target around 1.076,...
The Euro, Europe's common currency, stands as a testament to the continent's commitment to unity and economic integration. Since its inception, the Euro has played a pivotal role in fostering cooperation among European Union member states and facilitating cross-border trade and investment. At its core, the Euro streamlines transactions within the Eurozone,...
In today's market analysis, the focus remains on the Euro (EUR) as it navigates through various dynamics. Traders and investors are closely monitoring the EUR's movements, seeking insights to inform their trading decisions. Currently, there's attention on the construction of a new low, with caution advised due to potential liquidity creation leading to false...
A new low is currently under construction, highlighting the importance of vigilance against false buying signals due to liquidity creation. Significant liquidity lies below 1.07966, waiting to be reclaimed before pursuing significant bullish momentum. It's crucial to note the vulnerability of the recent high at 1.08639, which remains unprotected. There's a...
In the realm of financial markets, the Euro (EUR) remains a focal point of interest, presenting both challenges and opportunities for traders. As a financial analysis expert, I provide fresh perspectives on the current state of the EUR, offering valuable insights for navigating this dynamic currency. Against a backdrop of economic indicators and geopolitical...
In the realm of financial markets, the Euro (EUR) stands as a pivotal currency, attracting attention from traders seeking opportunities for profit. As a financial analysis expert, I offer fresh perspectives on the EUR, providing valuable insights for traders navigating this dynamic currency. Against a backdrop of economic data and geopolitical events, the EUR...