The EURUSD pair confirmed breaching 1.1067 level after closing the daily candlestick above it, reinforcing our expectations of achieving more gains on the intraday and short term basis, as the price gets good positive support by the EMA50, waiting to visit 1.1196 level as a next main station. Therefore, we will continue to suggest the bullish trend in the...
The EURUSD pair keeps its stability above 1.0938 level after retesting it yesterday, as the EMA50 met the mentioned level to add more strength to it, while we witness positive signal through stochastic now on the four hours' time frame. Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, which its targets begin...
The EURUSD pair trades with calm positivity approaching from retesting the key resistance 1.1067, which is met by the EMA50 to add more strength to it, accompanied by stochastic entering the overbought areas. Therefore, these factors encourage us to keep our bearish overview for the upcoming period, and the first target is represented by testing 1.0938 level,...
The Euro hasn’t gone anywhere in recent sessions and could see more consolidation in the sessions ahead as the market continues to try and figure out the Fed’s trajectory. The single currency was initially offered on Monday as expectations built for a less dovish Fed Brainard, but after the central banker let down the hawks, a mild recovery ensued before the...
The broader downtrend remains firmly intact, with the recent topside failure above 1.1300 setting the stage for the next major downside extension towards 1.0900. Look for a fresh lower top in place at 1.1367, while ultimately, only a break back above this level delays the bearish outlook. Any rallies while below 1.1367 are classified as corrective.
PIVOT : 1.1210 MOST LIKELY SCENARIO : SHORT POSITION BELOW 1.1210 WITH TARGET @ 1.1125 & 1.1105 IN EXTENSION ALTERNATIVE SCENARIO : ABOVE 1.1210 LOOK FOR FURTHER UPSIDE WITH 1.1255 & 1.1275 AS TARGET COMMENT : AS LONG AS 1.1210 IS RESISTANCE,LOOK FOR CHOPPY PRICE ACTION WITH A BEARISH BIAS