➡️ OANDA:EURUSD did not fluctuate strongly in the past session, the price continued to level off around the resistance level of 1,096. This price behavior shows that the selling pressure here is not strong, the price will likely continue to increase, you continue to hold existing buying positions, move the SL and target around the 1.1000 threshold.
Today's session will be very important for FX:EURUSD pair, especially after the data that will be released later. Having said that, the trend is bullish on intraday chart and the next bullish target should be around 1.1045 area. From a technical point of view, this rally was supported by the bottom swing formed around October 13th (see analysis below).
➡️ Currency traders observed the Euro maintaining its bullish position against the US Dollar today, persistently aiming for the 1.1000 mark and finding support at 1.0900. However, the Euro faced a decline against the British Pound, reaching a two-week low.
➡️ Changes in investor sentiment can be attributed to evolving expectations regarding the monetary policy of...
Opportunity for Long trade with a success rate of over 85%
The price is likely to hit TP1 with a 85% chance and TP2 with an 75% chance.
Please note that all the information provided is based on personal opinion, and no responsibility is assumed for any outcomes."
The EUR/USD is up for the third day and continues to trade around the 1.0950 resistance area. The daily chart shows the Relative Strength Index (RSI) at overbought levels, but there are no major signs of a correction or exhaustion. Key Simple Moving Averages (SMAs) have all turned to the upside, and the 20-SMA is about to cross above the 100 and...
Hellooo, have a good day 🌷🌷🌷
The daily chart shows EUR/USD trades around its opening level, although it managed to post a higher high for the week. The pair still struggles to overcome the 61.8% Fibonacci retracement of the 1.1275/1.0447 slump at 1.0960, although the overall picture is bullish. The 20 Simple Moving Average (SMA) is crossing above a flat 100 SMA...
Morgan Stanely has released what they call their top trade for 2024, and it is the exact opposite of Bank of America’s call.
Analysts at Morgan Stanley think selling EUR/USD around the current level of 1.10 is the trade to make next year, with a target for the pair reaching parity by the end of the first quarter of 2024. This outlook relies on sustained economic...
The European Central Bank (ECB) on Monday expressed concern about the low valuations of euro zone bank stocks, suggesting it could have a negative impact on future credit growth. Hybrid by imposing strict conditions on the borrower. Bank profits have increased significantly this year, thanks in part to higher net interest income due to higher ECB rates, but stock...
Market Update: A Shift in EUR/USD Sentiment
As anticipated, we witnessed a small pullback in EUR/USD, hinting at a bearish trend resumption. However, the market structure has taken an unexpected turn. Heading into next week, I'll be shifting my focus towards long positions. Stay flexible, adapt to changing conditions, and, as always, manage risk diligently. 🚀💹...
Entry SELL 1.09900
The EUR/USD exchange rate has increased for the second consecutive day, surpassing the 1.0900 level. The trend remains upward as the price holds steady. The trend continues to favor an upward movement due to the vulnerability of the US dollar.
Currently, market expectations are that the Federal Reserve has completed its interest rate hike,...
💡This is a trade Idea inspired by this past week's bullish pin bar candle closure. The NFP and Inflation data catlyst for a higher timeframe pullback also supports this. Expected reduction in inflation from 3.7% Yoy to 3.6% Yoy during this week's news release also supports this. Two weekly candles holding/closing above 1.054-1.057 supports this. Flipping to...
FX:EURUSD climbs for the third session in a row and revisits the 1.0960 zone, or monthly highs, on Monday.
The continuation of the upward bias could see the psychological threshold of 1.1000 revisited ahead of the August top of 1.1064 (August 10).
So far, while above the significant 200-day SMA, today at 1.0810, the pair’s outlook should remain constructive.
FX:EURUSD advances further and reaches new monthly highs in the 1.0980/85 band on Tuesday.
The continuation of the upward bias could see the pair challenging the psychological threshold of 1.1000. Beyond this level comes the August top of 1.1064 (August 10).
So far, while above the significant 200-day SMA, today at 1.0812, the pair’s outlook should remain constructive.
Hey friends, the dollar made a new low and the Euro is on the go up to the upside. Let's see if it can keep this strength.
If not and price pulls back on EURUSD a good buying price would be above 1.08525 as long as price doesn't close below it.
Let me know if you're following the dollar EURUSD.