Pair Name : EUR/USD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break...
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in the risk mood after the previous flight to safety weighed on the US Dollar ahead of the weekend and helped the pair move higher. The driving force for recovery was the selling pressure on the USD when the DXY index dropped to 105.78. However, the bullish outlook for...
Hello everyone, what are your thoughts on the current situation with EURUSD? This currency pair is currently trading steadily above 1.070, and the recovery has continued until Friday, making last week completely favorable for buyers. From the daily chart, the price has reached the 0.618 Fibonacci retracement level, which is a sensitive price point at this time....
Hi everybody! FX:EURUSD Thus, in general, after a long period of decline in EURUSD, it has recovered again supported by the strong weakening of the USD. The uptrend could resume with a break of 1.0727. It can be seen that on almost every timeframe EURUSD is showing a positive outlook, so we can expect a breakout scenario at this time. Talking about a...
Hello dear traders! In general, EURUSD fell as we predicted before, but the price quickly bought back from the lows and changed the local trend of this pair in the short term. However, technically on the demand chart, investors are still waiting for adjustments to capture market liquidity. The H4 setup shows strong resistance from the market as the price broke...
Hello dear traders! So, as my previous prediction, after a long period of decline EURUSD has ended by increasing at a high level, currently trading at 1.0690. It can be seen on almost every timeframe that EURUSD is making significant gains, indicating a very positive price outlook. So do you wonder why the EU increased so strongly? On impact news: Another...
EUR/USD is flat at around 1.0650 to start the new week. The pair's short-term technical outlook suggests a lack of directional momentum. In the absence of high-level data released, risk sentiment could weigh on US Dollar (USD) valuations and drive the pair's action. Early Monday, U.S. stock index futures rose between 0.3% and 0.5%, reflecting improved risk...
Hello everyone, Today, EUR/USD remained above the psychological barrier of 1.0700 during the early Asian trading session on Wednesday. Weaker-than-expected April PMI data from the U.S. pushed the dollar lower, providing support for this currency pair. From the technical analysis chart: The price rebounded from the lower boundary of the parallel price channel and...
Hello everyone! Yesterday, after the PCE news release, EURUSD experienced a slight drop in price. Currently, this currency pair is pausing its trading activities around 1.069, ending its short-term uptrend at the 1.070 threshold. Looking ahead, it seems EURUSD might undergo further adjustments according to Dow's theory, as it has already tested the resistance...
Hello everyone, let's discuss and strategize our new day! As James mentioned in the previous analysis, the price has rebounded but remains limited below the 1.0727 resistance level with the bullish bias amid a weaker looking US dollar. However, overcoming the 1.0730 resistance clearly remains the challenge and the target. On impact news: Looking ahead,...
Hey Rich Friends, Happy Wednesday! I wanted to share one of my top 3 favorite indicators with you.... The Stochastic (STOCH). As a leading (vs lagging) indicator, it is perfect for beginners because you can find entry and exit signals with only a few key details. Adding the STOCH to your chart: 1. Search the indicators for "STOCHASTIC" and click once to...
Hello everyone, Today, in the Asian trading session, EUR/USD subtly hovered around the psychological level of 1.0700. This modest increase in the currency pair is supported by a softer U.S. Dollar. From a technical perspective, the pair is moving steadily within an ascending channel. The next target remains a buying strategy, aiming for the resistance level at...
The EUR/USD exchange rate is currently testing the waters near the 1.0650 level after a tranquil Tuesday that saw the major currency pair meandering sideways ahead of a barrage of economic data. Both the United States and the broader Eurozone are bracing for updates on the Purchasing Managers' Index (PMI) data on Tuesday, with significant U.S. figures expected...
EURUSD Trading Strategy: Regarding the impact of news: EUR/USD is still facing modest downward pressure, but managed to hold above 1.0700 during Friday's US trading session. The US Dollar (USD) gained strength against its counterparts following stronger-than-expected PCE inflation data, preventing the currency pair from gaining momentum. In today's analysis, we...
Currently, the EUR/USD currency pair presents a lucrative buying opportunity within the buy zone at 1.06654. Traders can strategically capitalize on this advantageous situation by setting multiple take-profit levels, aiming for 1.06876, 1.07000, and potentially even 1.08000, maximizing their potential gains. However, it's crucial to mitigate risk by setting a stop...
The EUR/USD currency pair is going through a period of volatility as tensions between Israel and Iran do not escalate. This has reduced geopolitical risks and decreased demand for the US Dollar as a safe-haven asset, leading to a slight increase in the pair. However, despite a slight increase in EUR/USD, the overall trend remains bearish. EUR/USD is maintaining a...
Hello dear friends, today the EURUSD continues its decline, following the trend of recent days, with the trading price hovering around 1.062 and losing 0.15% so far today as of this writing. The downtrend persists as hawkish comments from Federal Reserve officials provide some support for the US Dollar, acting as a barrier to any recovery in the EURUSD. According...
EUR/USD has reversed its earlier gains to trade flat near the 1.0650 level during Monday's European session. The pair has shifted towards a decline, currently at 1.064, as diminishing risk appetite increases demand for the safe-haven US Dollar. The market remains cautious in the absence of leading economic data from the EU/US. A speech by Lagarde is highly...