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...
According to Politico sources, the deal would impose tariffs of 25% on steel and 10% on aluminum. The agreement creates a "club of like-minded economies" and aims to impose tariffs on imports from economies deemed to provide subsidies to key sectors such as steel and clean technology. It is said that The US and EU are still negotiating plans to create this "global...
I expect this fair value gap to push price higher today.
Falling wedge forming on Eur usd following the pattern it looks like a possible move to the upside. If price breaks downward through the wedge it will be a continuation of bearish movement for Eur.
Hello everyone! As of today, I see two potential scenarios for intraday trading. 1 (marked in black) - The scenario involves breaking the Asian high with a potential target set at the Asian low. 2 (marked in red) - This scenario focuses on breaking the fractal high in the 1.05 zone, with targets around the Asian low. We maintain a short context both on the...
done. Trade was opened after bos 3m take profit on 1st liquidity RR 3.5 have a great day
EUR USD has hit the same level of support for a few days now at the 1.06200 range we are looking for it to make a move to the upside at this point. This visual pattern shows that buyers (bulls) are taking control of the price action. We will see how this plays out
Frankfurt, Reuters - In the ongoing fight against inflation, European Central Bank (ECB) policymakers are gearing up for a significant shift in strategy. They are set to deliberate on ways to address the vast pool of excess liquidity inundating banks, with the possibility of raising reserve requirements emerging as the initial tactic. This pivotal discussion is...
Hello, everyone! I suggest analyzing three potential scenarios for the development of events on the #EURUSD pair using the higher timeframe. 1 (marked in black on the chart) - Currently, we are in the imbalance zone of the 1D timeframe. Potentially, the price may clear the imbalance and continue moving downwards, possibly making new lows. 2 (marked in red on...
Technical Analysis Trend Bullish Weekly Long Daily Long 10H Long 4H Long 2 H Long 30min. LONG Gold Bullish Strategy Bullish My Trading Conditions and my Rules(This are the Rules I follow,and they are no financial adivice for others) Trade Consditions Higher Highs Higher Lows Trade Rules: Taking only Buy Signals Trade Rule 2: Only Buy Signals Trade Rule 3:...
Turkish lira fell to new marginally lower record low in early Wednesday, as Turkish June inflation data sparked fresh weakness of the currency. Monthly inflation rose by 3.9% in June, below 4.8% consensus and annualized figure was also below expectations (38.2% in June vs 39.4% f/c), while consumer prices were slightly below previous month’s figure (June PPI...