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EURUSD Tests Key Resistance Near 1.1600 Amid Dollar Weakness1. Macro Driver EUR/USD edged lower below the 1.1600 level during Friday's European session. The pair came under mild pressure as the US Dollar recovered slightly following Thursday's sharp decline driven by profit-taking. Ongoing uncertainty surrounding US-Iran tensions has renewed safe-haven demand for the Greenback, while the Euro is taking a breather after its recent rally supported by the ECB's relatively hawkish policy outlook. 2. Technical Analysis a. Market Structure & Trend From a technical perspective, the bearish structure remains intact as EUR/USD has not yet managed to break above the 1.1590 resistance area, which continues to cap upside momentum. At the same time, the pair is attempting to push higher and establish a short-term bullish trend if buyers can secure a decisive breakout. b. Key Resistance, Support & Liquidity Zones Immediate Resistance: 1.1590 – 1.1600 This area marks a previous rejection zone for buyers and aligns with a descending trendline. A successful breakout could attract stronger bullish momentum and open the door for further gains. Nearest Support: 1.1555 – 1.1565 This zone provides the first layer of support and may help stabilize price action during short-term pullbacks. Major Liquidity Zone: 1.1500 – 1.1510 This former swing-low area remains a critical defensive zone for buyers. Holding above it would help prevent a deeper decline and preserve the broader recovery outlook. 3. Outlook Developments surrounding US-Iran tensions and the ECB's policy stance continue to influence market sentiment. The recent weakness in the US Dollar has provided support for the Euro, allowing EUR/USD to maintain a constructive tone. In the near term, bullish momentum could remain in place, with traders watching closely for a potential breakout from the current consolidation range. A sustained move above resistance may confirm a continuation of the recovery trend. Wish you a successful trading day
Long
by FM-ForexMastermind
1
EUR/USD Breaks Key Resistance, Targeting 1.1650 Area1. Market Overview The EUR/USD pair remains stable above the 1.1600 level during Monday’s European trading session. The US and Iran reached an agreement to reopen the Strait of Hormuz on Sunday, which strengthened risk-on sentiment and provided support for the Euro against the US Dollar. 2. Technical Analysis EUR/USD has broken above the strong resistance zone at 1.1590–1.1600, allowing the pair to continue its recovery. At the same time, price has broken above the 4H descending trendline, indicating that bearish momentum is weakening and creating conditions for EUR/USD to regain bullish momentum. Currently, price is retesting the trendline area and the 0.5 Fibonacci retracement level. This could be a Technical correction before continuing higher, targeting levels above 1.1650. 3. Outlook EUR/USD may continue its upward movement today as both macroeconomic developments and technical factors are supporting the bullish momentum. The pair could move toward the 1.1650+ area in the near term. Wish you a successful trading day
Long
by FM-ForexMastermind
1
ECB Support Keeps EUR Firm Despite Middle East Uncertainty1. Market News EUR/USD advanced toward the 1.1550 level during Tuesday’s European session, supported by the European Central Bank’s relatively hawkish stance. However, upside momentum remains somewhat capped as ongoing uncertainty in the Middle East continues to support safe-haven demand for the US Dollar. 2. Technical Analysis a. Market Structure EUR/USD is showing signs of a short-term recovery following the sharp decline from the 1.1640–1.1650 region. The pair has successfully broken above the 0.5–0.618 Fibonacci retracement zone (1.1548–1.1552), indicating that buyers are gradually regaining control of the market. In addition, the recent sequence of higher highs and higher lows on the H1 timeframe highlights strengthening bullish momentum and suggests that the recovery could extend further. b. Key Liquidity Zones 🔴 Resistance / Supply Zone • 1.1580–1.1590 • This remains the most significant resistance area ahead. • The zone aligns with a previous support-turned-resistance level and the 1.618 Fibonacci extension. • Selling pressure could emerge as price approaches this region. 🟢 Support Zone • 1.1548–1.1552 • The current breakout area. • As long as price holds above this zone, buyers are likely to maintain the short-term advantage. 3. Outlook The near-term outlook remains bullish while EUR/USD holds above 1.1550. The pair is now approaching a critical resistance area around 1.1580. A decisive breakout above this level could open the door for a continuation toward 1.1620, with 1.1655 becoming the next potential upside target. On the other hand, failure to overcome resistance may trigger a corrective pullback before the next directional move develops. Wish you a successful trading day 💰
Long
by FM-ForexMastermind
1
EUR/USD Sideways: Consolidation Within the 1.1590 – 1.1665 RangeEURUSD Update : 1. Market Overview The EUR/USD exchange rate is showing a mild recovery above the 1.1600 level during Thursday’s European session. This comes after developments suggesting that Lebanon and Israel have agreed to a ceasefire following talks in Washington, easing concerns about a broader conflict in the Middle East. This has helped limit demand for the US dollar, which is typically considered a safe-haven asset, and is therefore seen as a key factor supporting EUR/USD. In addition, rising expectations that the European Central Bank (ECB) may raise interest rates by 25 basis points later this month are also providing support to the euro and spot prices. 2. Technical Analysis a. Market Structure: • The market is clearly moving sideways, indicating a consolidation phase within a defined range. • There is no strong bullish or bearish trend, with price confined between two major zones: * Supply zone: ~1.1655 – 1.1665 * Demand zone: ~1.1590 – 1.1600 b. Current Price Action: • Price recently rejected the supply zone, showing selling pressure. • It then produced weak corrective moves without breaking the short-term bearish structure. • Currently trading around 1.1608–1.1610, the price is near the lower boundary of the range but has not fully reached the demand zone. 3. Outlook The market is expected to remain within the current trading range as today features limited high-impact economic data affecting EUR/USD. Both liquidity zones are still being respected, and there is currently no strong fundamental catalyst capable of breaking the range. However, any confirmed breakout from this consolidation zone could trigger a strong directional move following the breakout direction. Wishing everyone a successful trading day.
Long
by FM-ForexMastermind
1
Breakout of resistance zone 1.1756 - Confirmed upward🛎EUR/USD Update : 👉 The latest statements from Iran and the US regarding easing geopolitical tensions and showing willingness for further peace negotiations are weakening the bullish momentum of the US dollar, as the USD continues to lose its safe-haven appeal. 📌 Technical Analysis: 👉 The bullish trend is expected to continue after price successfully broke above the 1.1756 resistance zone and keeps moving higher. 👉 However, the 1H RSI is currently in the overbought area, suggesting a possible short-term pullback before EUR/USD resumes its upward move toward 1.1835. 👉 In addition, the EMA 34, 89, and 200 remain aligned to the upside, continuing to support further bullish momentum. 🔥 Bias Today: BULLISH Wishing you a successful trading day💰
Long
by FM-ForexMastermind
1
1H trendline breakout above 1.1750 confirms go up toward 1.179x🛎EUR/USD pair: News: 👉 EUR/USD is holding within a range around the 1.1750 level during Wednesday’s European session. The pair is finding support as the US Dollar remains defensive amid renewed optimism over a potential ceasefire agreement between the US and Iran. However, ongoing US port restrictions on Iran and the lack of response from Iran regarding the ceasefire continue to raise concerns among investors. Personal View: 👉EUR/USD has broken above its trendline after a period of accumulation, confirming bullish momentum for today with a target toward the 1.179x area. Resistance: 1.1790 Support: 1.1738
Long
by FM-ForexMastermind
1
Accumulate below 1.1800 and continue to rise.🔶 EUR/USD UPDATE 👉 EUR/USD continues to trade below the 1.1800 level after reaching a six-week high on Tuesday and pulling back slightly during the early US session today. 👉 The current move is supported by easing geopolitical tensions as the United States and Iran are expected to resume negotiations in Islamabad soon, reducing safe-haven demand for the USD. 👉In addition, weaker-than-expected US CPI and PPI data are putting further pressure on the US Dollar, helping to maintain bullish sentiment in the market. 📌 Technical Outlook 👉 On the H4 timeframe, an Elliott Wave fourth wave correction is currently forming, with price consolidating below the 1.1800 level. 👉 This structure suggests EUR/USD may continue higher toward the next resistance levels at 1.1850 and 1.1920. 👉 Meanwhile, EMA 34, 89, and 200 are all trending upward, reinforcing the bullish momentum. Market structure remains bullish in the short term.🔼 ✅Resistance zone : 1.1850 ;1.1920 ✅ Support zone : 1.1725; 1.1650 🔥 Bias Today: BULLISH Wishing you a successful trading day!
Long
by FM-ForexMastermind
1
Breakout of resistance zone - continueto wards 1.1770🔶 EUR/USD UPDATE 👉 EUR/USD receives fresh buying interest and reclaims the 1.1700 level during Friday’s US session. 👉 The pair is supported by a weaker USD following lower-than-expected CPI data. 📌 Technical Outlook 👉 Resistance at 1.1720 has been broken, confirming continued bullish momentum 👉 EMA 34 crossing above EMA 200 supports the short-term uptrend 👉 Price is extending higher toward the next resistance at 1.1770 🔥 Bias Today: BULLISH Wishing you a successful trading day!
Long
by FM-ForexMastermind
1
Retest breakout, EURUSD uptrend🔍 1. Market Context (Technical) 📈 Main Trend Previously: prolonged sideways accumulation Currently: strong breakout to the upside → shifting into a bullish trend 👉 This is a classic pattern: Breakout → Retest → Continuation 📊 2. Key Levels 🔵 Support (Key Buy Zone) Retest zone: 1.1600 – 1.1620 Former resistance → now acting as support Liquidity zone where buyers are waiting 🔴 Resistance / Targets Short-term: 1.1680 Mid-term: 1.1700 – 1.1750 (highlighted zone) 🚀 3. Trading Plan ✅ BUY Scenario (Primary) Price holds above 1.1600 Weak pullback (no strong selling pressure) Setup (Entry): Buy at: 1.1600 – 1.1620 (retest zone) TP1: 1.1680 TP2: 1.1700 TP3: 1.1750 Stop Loss : Below 1.1580 👉 Logic: Structure break → new bullish trend forming Retest = optimal entry opportunity 📈 4. Order Flow Perspective Histogram shows: Strong buying volume after the breakout Current pullback comes with weak volume ➡️ Confirmation: Smart money is still holding long positions 📰 5. Economic News Impacting EURUSD Today Key events to watch: Nonfarm Payrolls (NFP) / Jobless Claims CPI / Core CPI Fed speeches 👉 Implications: Weak US data → EURUSD likely to rally Strong US data → deeper pullback Meanwhile: ECB remains cautious but slightly hawkish Eurozone inflation continues to support the EUR
Long
by Moon-ForexAcademy
1
Holding steady at 1.1670, the price continues to rise.🔶 EUR/USD UPDATE 👉 EUR/USD continues its upside momentum for the third consecutive day, trading around the 1.1670 area during Wednesday’s Asian session. 👉 The pair remains supported by easing geopolitical tensions in the Middle East, which has added further pressure on the US Dollar and helped maintain the bullish tone. 📌 Technical Outlook 👉 A bullish structure continues to develop as the trendline remains firmly intact, supporting the ongoing upward momentum. 👉 The EMA 34, 89, and 200 have all turned sharply higher after a strong convergence, confirming the strength of the current trend. 👉 The 1.1670 zone remains a key support level — a sustained hold above this area could keep the pair on track for a move toward 1.1750. 📊 Personal Bias 👉 With the US Dollar staying under pressure, EUR/USD still has room to extend higher in today’s session. 👉 Unless price slips back below the key support zone, buyers are likely to remain in control. 🔥 Bias Today: BULLISH Resistance Zones: 1.1750 ; 1.1820 Support Zones: 1.1670 ; 1.1623 Wishing you a successful trading day!
Long
by FM-ForexMastermind
1
Selling pressure on EURUSD - DXY recovers🔺Related Information: (EURUSD) The EUR/USD pair begins the week with a bearish gap as safe-haven flows tied to the US–Iran conflict lift the US Dollar. However, downside momentum remains limited, with spot prices stabilising above the mid-1.1700 area during Asian trading. Technically, the pair appears to have broken below the lower bound of its recent consolidation range, reinforcing the bearish outlook after repeated rejections near the 100-period SMA, which has shifted from support to resistance and signals scope for further near-term weakness. 🔜🔜🔜🔜🔜🔜🔜🔜🔜🔜 📌 Chart analysis: 🔗 Short-term timeframes: M15, M45, H1 Short-term timeframe - a gap of 1.18150 appeared at the beginning of the week. 🔗 Medium-term timeframes: H2, H4 In the long term, H2 and H4 charts are still showing accumulation. The market shows that only the DXY is experiencing volatility, while Europe is in a sideways phase. Key zones: 🔗 Supply zone (resistance): 1.18150 🔗 Demand zone (support): 1.17400 🔗 Three EMA moving averages; technical indicators: stochastic, volume set up signal : 🔗 SELL EURUSD 1.18150 - 1.18250 stoploss: 1.18550 Take profit : 1.17900 - 1.17400 - 1.17000 🔜🔜🔜🔜🔜🔜🔜🔜🔜🔜 ✏️ Personal opinion: The display of US military strength strengthens the dollar, the DXY recovers, putting selling pressure on EURUSD. 📥 Follow us for the most accurate gold price trends.
Long
by JJainy
1
EURUSD sideways, breakout and price increase.Related Information:!!! ( EUR / USD ) The Euro (EUR) is trading broadly unchanged against the US Dollar (USD) on Tuesday, hovering near 1.1917 at the time of writing and consolidating at one-week highs following a two-session advance. The greenback remains under pressure ahead of a series of key US macroeconomic releases, while a moderately positive risk backdrop continues to weigh on the currency. The USD is still struggling to recover from last week’s disappointing labor market data. Adding to the soft tone, White House economic adviser Kevin Hassett cautioned on Monday that job creation is likely to slow in the coming months, citing the impact of US President Donald Trump’s immigration policies and rising productivity. These remarks, delivered ahead of Wednesday’s release of the January Nonfarm Payrolls (NFP) report, have done little to shore up demand for the US Dollar. personal opinion:!!! The accumulation is continuing, awaiting a breakout from the uptrend, while the DXY index remains weak. Important price zone to consider : !!! Resistance zone point: 1.19300, 1.19500 zone Support zone :1.18850 zone Follow us for the most accurate gold price trends.
Long
by JJainy
1
EUR/USD Silver lining as the USD continues to fall - 1.1610The EUR/USD is looking somewhat positive. I assume because the Exports to the US is under 1 -2% per country, it won't cause major havoc for Europe's GDP even though it's still not great. Investors are finding a safe haven within the EUR and out of the USD. Other reasons for the EUR/USD include: 🇺🇸 U.S. Tariffs & Uncertainty Trump's new 104% tariffs spooked markets and hurt the dollar. 🇪🇺 ECB Support Talk The ECB said it's ready to step in to keep inflation on track. 📉 Dollar Weakness Investors are pulling out of the dollar amid global slowdown fears. 🧠 Sentiment Shift Traders are betting on the euro with the dollar under pressure. TECHNICALS Inv Head and SHoulders and the Neckline has finally broken up signalling upside for the EUR. Price 20 and 200 MA Target 1.1610 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by Timonrosso
EUR/USD heading up - Europes time to shine!Looks like it's the Euro time to rally. With an unstable presidency and erratic party with America, it seems like Europe is finding it's feet and there is upside to come for it's currency. Here are five reasons why and then we'll get into the technicals. 🇩🇪 German Stimulus Boosts Euro Germany’s €500B spending plan lifts euro confidence. 📉 Weak U.S. Data Hurts Dollar Poor U.S. data and uncertainty weigh on the greenback. 📈 Euro's Rally Momentum EUR/USD sees strongest rally since 2015. 🏦 ECB Signals Fewer Cuts ECB hints at fewer rate cuts, supporting euro strength. 🌍 Trade Tensions Easing Tariff delays reduce USD demand, favoring the euro. Let's look at the technicals Inv Head and SHoulders Price 20 and 200 MA Target 1.1610 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by Timonrosso
EUR/USD ! 10/29/24 ! move in trend, recoveryEUR/ USD trend forecast October 29, 2024 EUR/USD pulls back from recent gains, trading near 1.0810 in early Asian hours on Tuesday. The pair retests the upper edge of the descending channel, potentially signaling a bearish trend. The 14-day RSI hovers just above 30; a dip below would indicate oversold conditions, hinting at a possible upward correction soon. Gold price moves within 2 H1 downtrend bands - waiting to touch the lower trend and recover /// BUY USDJPY : zone 1.07950 - 1.07750 SL: 1.07450 TP: 60 - 100 - 250 pips (1.10250) Safe and profitable trading
Long
by Moon-ForexAcademy
5
EUR/USD Buy Trade IdeaThe EUR/USD pair appears to be on a bullish trajectory, presenting an opportunity for a buy entry based on technical analysis indicators. Analysis: Key Support Level has formed around 1.076, indicating strong demand for the Euro against the U.S. Dollar. Technical Indicators such as moving averages and RSI confirm bullish momentum. Recent Break of Downtrend Line suggests a potential continuation of the upward trend. Important Note: Always consider risk management and be prepared to adjust the strategy in case of unexpected volatility.
Long
by mohammad_alavi
2
EUR/USD: Post-NFP Volatility – Long Setup After Weak EmploymentFollowing the release of key U.S. economic data, including the Non-Farm Payroll (NFP) and Unemployment Rate, we see a significant spike in volatility for EUR/USD. The NFP came in lower than expected at 142K vs. 164K forecasted, which typically weakens the USD. However, the market’s initial reaction suggests a potential retracement or continuation of the bearish move, providing a possible long opportunity on the 15-minute chart. • Non-Farm Payrolls (NFP): The U.S. economy added 142K jobs in the latest report, missing the expected 164K. This is a bearish signal for the USD, as it suggests slower economic growth. • Unemployment Rate: The unemployment rate rose slightly to 4.2% from the previous 4.3%. This marginal improvement adds mixed signals to the market. • Average Hourly Earnings: A positive note comes from the average hourly earnings, which increased by 0.4%, suggesting some wage inflation. Despite the weaker NFP, the initial reaction in EUR/USD indicates a potential continuation of the downward momentum as traders might be focusing on other factors like broader market sentiment or upcoming FOMC speeches. Trade Setup: • Entry: Enter a long position at the current market price near the 1.1083 level. • Stop-Loss: Place the stop-loss slightly above the recent high around 1.1062 to account for any possible retracement. • Take-Profit: Target the next support level near 1.1140, where price action has previously found selers. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Long
by AR33_
4