As of the latest trading sessions, the USD/EUR currency pair displays a complex interaction of technical indicators and price patterns, suggesting a cautious yet potentially bullish outlook. We will break down the technical analysis using various tools and patterns, integrating recent market news into our forecast. Ichimoku Cloud Analysis: The price is currently...
Hello Traders , Upon reviewing the EUR/USD chart in the 2-hour timeframe, we observe that the price was able to rise to 1.075 and then underwent a correction, penetrating below 1.0678. Consequently, after a liquidity collection, it encountered demand again! The upcoming supply zone ranges from 1.07260 to 1.07530, and we can monitor the price reaction within this...
We still have selling pressure at the 1.07250 level, so the price will remain below that level this week. In a few hours the FOMC statement and the interest rate decision will be released, so I am going to go short looking for today's daily minimum, and if later they raise the price a little more, it will be a good opportunity to enter again short at a better...
Hello everyone! The EUR/USD surged to 1.0800 as the US Dollar weakened during the early trading session on Friday in the US. The greenback faced a significant sell-off following the US Bureau of Labor Statistics (BLS) report, indicating soft labor demand and slowing wage growth for April. This caused the US Dollar Index (DXY) to hit a three-week low, providing...
Hello all dear traders! Overall, as expected EURUSD rebounded after the previous sharp decline, continuing to maintain at a trading high at 1.0733. On the news impact: EUR/USD returned to its peak above 1.0700 as market risk appetite regained balance ahead of another US Nonfarm Payrolls on Friday. On the fresh outlook for EURUSD: From the chart, with this high...
The current selling zone for the EUR/UAD pair is at 1.06941, indicating a potential opportunity for traders to sell this currency pair. Within this setup, there are three specified take profit points at 1.06454, 1.06335, and 1.06300, indicating the price levels at which traders may consider closing their positions to lock in profits. Additionally, a stop loss...
EUR/USD has revisited the recent consolidation high on Thursday, reclaiming territory north of the 1.0700 threshold as market risk appetite stabilizes ahead of another US Non-Farm Payrolls (NFP) report on Friday. Price action has been aligning with the 34 and 89 EMA as the market anticipates a direct catalyst that could decisively influence the trend...
Currently, the EUR/USD pair is indicating a favorable buy zone at the level of 1.06716. This suggests that traders may consider opening long positions at this price point. As for setting take-profit levels, traders could aim for targets at 1.06824, 1.06910, and 1.06981. These levels represent potential areas where the price could reach before encountering...
EUR/USD fell below 1.0670 yesterday as a surprise wage increase in the US revived concerns about persistent inflation. This reduces expectations of interest rate cuts and causes investors to seek safe haven assets and increase the strength of the USD. With European markets closed for the Labor Day holiday, investors' only major concern will be the Fed's latest...
Hello all friends! Currently, EURUSD has regained momentum and rose to as high as the April high of 1.0885 in today's trading session. The resurgence of bearish pressure on the US Dollar (USD) encouraged EUR/USD to trim Tuesday's losses and reclaim the area well above the 1.0700 barrier on Wednesday. Over the longer term, US Dollar weakness is expected to be...
As We Talked in The Previous Analysis: The Price Broke The Support Level (1.07431 - 1.06950) . At The Moment, The Price Has Pulled Back to This Key Level Which Has Become The resistance Level. So, Let's Expect The Bearish Scenario: If The Market Breaks and Closes Below The Higher Low (1.06780 - 1.07245). We Will See a Bearish Move📉 TARGET: 1.05755🎯
Hello all dear traders! For now, EUR/USD has managed to hold on to positive territory above 1.0750 despite retreating from the new multi-week high it set above 1.0800 earlier in the day. The US dollar struggles to find demand following weaker-than-expected NFP data which in turn supports EUR/USD's realization and distribution well. In this scenario we still...
Hello everyone! What do you think—should we buy or sell EURUSD today? Let's delve into this currency pair! Currently, EURUSD is on a continuing downtrend that has lasted for several months now, and past recoveries appear to have merely served as corrective waves. The latest recovery also faced a similar fate, stalling as prices reached the retracement zone around...
EUR/USD gained traction in the second half of the day on Thursday, maintaining its consolidation phase above 1.0700 into Friday as investors geared up for the highly impactful data release of the week, the April US employment report. Positive shifts in risk sentiment were observed, which exerted downward pressure on the US Dollar during Thursday's US trading...
EURUSD is moving above an ascending trendline on the 4-hour timeframe and currently retesting this trendline. Considering the situation of the Dollar index and the possibility of a downward movement in the Dollar index, we can expect a bullish move from this range. 📈💶
Hello wonderful friends! As can be seen on almost every timeframe EURUSD continues to show significant gains, with price gains surpassing the 1.0700 level as highlighted on the chart. At the same time a cup of handle is forming which increases the possibility of breaking the resistance and taking a distribution. In the current scenario and trend, the possibility...
Hello everyone, let's discuss our strategy for the day! Overall, EURUSD experienced a significant rally yesterday with the price rising above the 1.0728 level. In terms of influencing factors: The US dollar faced an intense sell-off as the US Bureau of Labor Statistics (BLS) reported that labor demand remained weak and wage growth slowed in April . The US Dollar...
EURUSD Faced Strong Support Near 1.0650 EURUSD created a new low today at 1.0650. From the chart we can see that it was stopped near to a strong support zone which pushed the price up several times. FOMC didn't bring anything new so far and EURUSD can begin the bullish run soon. The first resistance zone is found near 1.0800 and near to the top of the...