BULLISH US DOLLAR FORECAST OANDA:EURUSD - The mighty dollar is back as CPI data impacts policy paths - EURUSD at risk after the ECB laid out the conditions for lowering rates THE MIGHTY DOLLAR IS BACK AS CPI DATA IMPACTS POLICY PATHS The US dollar is back in the FX market following strong CPI data, leading to a reevaluation of the world's reserve...
OANDA:EURUSD NEWS AND ANALYSIS - ECB officials eye June meeting for first rate cut, SNB delivers a surprise cut - Dollar drop appears short-lived as EUR/USD heeds resistance ECB OFFICIALS EYE JUNE MEETING FOR FIRST RATE CUT, SNB DELIVERS A SURPRISE CUT Despite the EU and US having different growth prospects, the ECB remains cautious about cutting rates....
After enduring notable losses last week, EURUSD steadied and mounted a modest comeback over the past few days, rebounding off the psychological 1.0600 level and pushing past the 1.0650 mark. If the pair continues to recover in the coming days, resistance is expected at 1.0695 and 1.0725 thereafter. On further strength, all eyes will be on 1.0820. Conversely,...
After steep losses in recent days, EURUSD stabilized and rebounded off the psychological 1.0600 level on Wednesday, pushing past the 1.0650 mark. If the pair manages to build upon its recovery in the days ahead, resistance lies at 1.0695, followed by 1.0725. On further strength, the focus will be on 1.0820. On the other hand, if sellers return and regain control...
EUR/USD continues to face downward pressure as it drops below the 1.0650 level during the European trading session on Monday. The renewed strength of the US Dollar does not allow this currency pair to gain traction, especially as focus shifts to the speech by ECB President Lagarde. Chart analysis indicates that EUR/USD is continuing to approach support levels and...
It is expected that the uptrend will end in the current resistance range and a trend reversal will be formed. If the price crosses the resistance range, it can advance to the level of 61.8%
This is my Intraday analysis on EURUSD for 26 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15 Chart Analysis Market Sentiment PCE as the next hurdle: The release of the Personal Consumption Expenditures (PCE) data is the key event today. This data is a crucial inflation indicator for...
Hello Traders.. Another week and more price action to anticipate in the Forex market. EurUsd: As we enter the 4th week of April our Monthly candle is still bearish with a solid bearish body. Last week we came very close to a Monthly support level at 1.057. The low of the week was on Tuesday and coincided with a Hawkish Fed speech. The weekly candle closed bullish...
I was looking for a move lower yesterday with the strong level to hold but well, it got a different move but the levels worked perfectly to call the highs and lows of the days, as EURUSD rallied to strong level, sold down to the lows, before closing back near the highs. EURUSD is still capped by 1.0738 strong level, also 50 Fib. I will say as long as 1.0738...
EURUSD FOREX Breakout 4H Bullish Patterns mkt go to rocket move expected all target filling possible
In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern to rise from 0.9534 (2022 low). Current fall from 1.1138 is seen as the third leg. While deeper decline is would be seen to 1.0447 and possibly below, Strong support should emerge from 61.8% retracement of 0.9534 to 1.1274 at 1.0199 to complete th
Hello everyone, welcome back subscribers. Please share your personal opinions in the comments. Booster and subscription are appreciated. While a comprehensive conflict between Iran and Israel is not expected, the dollar's rise is being restrained by expectations of intervention by central banks and other factors. However, uncertainty remains due to the unclear...
Fed decision preview: Zero rate cuts and EURUSD parity in 2024? Expectations point to the Federal Open Market Committee maintaining interest rates at their current levels in the upcoming decision slated for May 1. However, fixed income markets suggest the possibility of rate cuts surfacing in either the July or September meetings of the FOMC. Nonetheless,...
While everyone is bullish on FOREXCOM:EURUSD and FOREXCOM:GBPUSD , we will be looking for a leg lower. Why? Because the Higher timeframe dictates so Study my previous analysis on EURUSD Also, I would like to see price to reach into the sellside liquidity. Therefore, my target is below 1.0600
Daily timeframe We have broken the head and shoulder pattern and we estimate the downside will be the length of the head and we should wait for price to retrace at least to 31.8% or 50% fib level which come in confluence with the broken support which will act as resistance and trendline too. Follow and comment below for more break down analysis
The price of FX:EURUSD pulled back into the range zone after resistance rejection. Even though it did touch the lower lows, it formed higher lows. I think the market will move sideways today because we had a good trending week. However, if the price retests the resistance and rejects it by forming a long-tailed bar, then we might see a further downward move or...
Hi Everyone, EURUSD will have recovery. use this chance to gain some money. please dont over lot please use only 0.1% if you dont understand it well dont risk over 3% on this trade watch your risk management. Good Luck. i try to always we will keep you all updated . Please don't forget to like, comment and follow to support me, i really appreciate you support...
EURUSD in bearish trend making lower highs and lower lows