EURUSD: Bullish Signals but Facing Major ResistanceEURUSD is currently trading around 1.05692, showing a slight recovery from recent lows, with the EMA 34 providing dynamic support and the EMA 89 acting as a key resistance level.
Price action indicates short-term bullish signals, but the strong resistance at 1.06500 could pose a significant challenge. If this level is breached, EURUSD may extend its upward momentum towards higher targets around 1.07000.
Conversely, failure to hold above the EMA 34 could see selling pressure push the price back to test support at 1.05200 or lower.
News of the ceasefire in the Middle East is reducing safe-haven demand, supporting a stronger USD, which in turn is pressuring EURUSD.
#eurusd#forex
Possible Test of Major SupportThe EUR/USD chart shows a clear bearish trend, with the price moving within a steady downtrend channel, being pushed down after each approach to the upper line of the channel.
Recently, it seems that the price has tested the resistance level in the resistance area but failed and was rejected strongly, which shows the strength of the selling pressure in this price area.
From the current price position, the next important support point is located at around 1.03500. If the price continues to decline and breaks this support level, it could lead to a deeper decline.
Overall, the current trend for EUR/USD is negative, and traders should be wary of the possibility of further declines. Keeping a close eye on the support and resistance levels will help determine the appropriate times to enter or exit the market.
EURUSD Under Pressure, Support at 1.05151 Awaits TestEURUSD is currently continuing its downward trend, dominated by the descending channel and EMA lines.
After bouncing off the strong support level of 1.05151, the price is now testing resistance at 1.05663 but remains under selling pressure as it stays below the EMA 34, confirming that the main trend has not changed.
Risk-off sentiment has driven capital into the USD, increasing pressure on EURUSD due to the greenback's strength. At the same time, positive CPI data supporting the British Pound has reduced the Euro's appeal, further intensifying downward pressure on the pair.
If the price fails to break above 1.05663, it is highly likely to retest the support at 1.05151 and potentially decline further.
EURUSD Recovery: Challenging the 1.0946 Resistance
EURUSD is currently in a mild recovery phase, trading around 1.0582 after hitting a recent low at 1.05140—a significant support zone. While the recovery is underway, the EMA 34 and EMA 89 above the current price act as dynamic resistance, limiting upward momentum.
The nearest resistance at 1.0946 is a key target, but failure to break above this level may see EURUSD revisiting the support zone at 1.0514 or even dropping further.
The USD remains strong due to expectations that the Fed will maintain high interest rates, while weak economic data from Europe continues to undermine the EUR's position. Traders should closely monitor economic reports from both the US and Europe this week, especially inflation data, as these will play a critical role in determining the pair's next direction.
EURUSD: Consolidation Under Strong USD PressureEURUSD is currently in a consolidation phase, trading around 1.0555, with a descending triangle pattern dominating the short-term trend. The EMA 34 and EMA 89 lines above the current price act as dynamic resistance levels, increasing selling pressure.
The critical support level at 1.0523 has been tested multiple times and remains a key threshold preventing a deeper decline. Meanwhile, the nearest resistance level is at 1.0570, and if the price breaks above this level, EURUSD could experience a short-term recovery targeting higher levels.
However, if the descending trendline is not breached, the price may revisit the support area at 1.0523. The overall trend remains pressured by a strong USD, driven by expectations that the Fed will maintain high interest rates, while weak economic data from Europe continues to weigh on the EUR.
Investors should closely monitor U.S. economic reports this week, particularly employment data and Fed statements, as these will be key factors in determining the next direction for this currency pair.
EUR/USD Under Downward PressureHello everyone! Let’s join Alisa for an update on the EUR/USD pair’s movements.
EUR/USD is under downward pressure due to concerns over Eurozone economic growth and the ongoing interest rate hikes by the US Federal Reserve. Additionally, rising uncertainty around the conflict in the Middle East may have strengthened the appeal of the US dollar (USD) as a safe-haven asset. The USD is also supported by the uncertainty surrounding the upcoming US presidential election.
Currently, the EUR/USD pair is trading around 1.0816. The pair is moving within a descending channel and may continue to decline in the short term. The 1.0770 support level is a key barrier. If broken, the target could drop even lower.
Could a reversal be on the horizon? Let’s discuss it together!
EURJPY LONGFOREXCOM:EURJPY
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Where Will EUR/USD Head After U.S. Employment Data?Hello everyone, it's me, Alisa again. Will the EUR/USD pair rise or fall today? Let's make a guess together!
The strengthening USD has put pressure on major currency pairs during this morning's trading session. The market is currently in a wait-and-see mode, anticipating U.S. employment data to make the next trading decisions. This report is expected to provide deeper insights into inflation and the Federal Reserve’s monetary policy.
The EUR/USD pair is fluctuating at 1.1027, with the EMA showing a bearish reversal. If the pair encounters resistance at 1.107 and fails to break through, it will reverse and decline. In that case, the support level at 1.102, which has played an important role in the past, may continue to serve as a key point for this pair. However, if selling pressure increases and other technical indicators also send negative signals, this support level could be broken.
These are Alisa's thoughts. What about you? What do you think?
EUR/USD Breakout Towards 1.1300Currently, EUR/USD is in a consolidation phase after a recent rally. The price is fluctuating between support at 1.10835 and resistance at 1.12106.
The price has broken below the 34 EMA and is testing lower levels, indicating a short-term bearish trend.
Technically, key support is at 1.10835, representing the recent low. Resistance is at 1.12106, marking the nearest high.
A breakout scenario may occur around the 1.11438 region. If the price breaks through this level and continues past resistance at 1.12106, there is a high chance of a strong rally up to 1.1300.
Recently released inflation data will significantly impact EUR/USD. If inflation comes in higher than expected, it could support the Euro's rise.
EUR/USD: Break $1.12009 Resistance or Correct?The EUR/USD chart from September 26 reveals a dramatic race between buyers and sellers. After reaching $1.11540, all focus is now on the tough resistance at $1.12104 — the barrier that will determine whether EUR/USD can continue to break out.
The support level at $1.11172 acts as a strong shield, maintaining the upward momentum.
If this resistance is broken, the pair could unlock potential for new highs.
In this context, any shifts from Fed statements or Eurozone economic data could dramatically alter the outcome.
EUR/USD: Break $1.1253 Resistance or Await a Pullback?EUR/USD is currently climbing around $1.11950, strongly supported by two solid "fortresses" at EMA 34 and EMA 89, located at $1.11390 and $1.11107.
A clear uptrend has formed, with solid support at $1.10864, ensuring the momentum remains intact.
The key focus now is on the critical resistance at $1.1253 — the gatekeeper determining whether the uptrend can break through to new highs.
With significant economic factors from the US and Europe on the horizon, including key Fed speeches and PMI data, the market may experience sharp volatility.
Traders should be ready for action: will you seize the breakout opportunity or wait for a pullback to enter at an optimal level? Opportunity favors the prepared!
EUR/USD: Breakout or Pullback Amid Volatility?EUR/USD is "hovering" around 1.11636, with a significant "barrier" at 1.11826 and a key "support" at 1.11034.
The widening Bollinger Bands signal that a wave of volatility could strike at any moment.
RSI is at 59.09, indicating strong buying pressure, but still has room before entering overbought territory.
If EUR/USD breaks past 1.11826, it could continue its upward surge, but failure to do so might lead to a pullback towards 1.11034.
The "winds" of inflation data and interest rates from the Eurozone and the US will shape the next move!
EUR/USD: The Game Speeds Up Ahead of Fed’s Crucial HourEUR/USD is currently in a “pressure-cooker” phase as the price climbs to 1.11677, approaching the critical resistance level at 1.11916.
The bullish momentum is like an arrow shot straight upward, but will it have enough strength to break through and reach 1.12444? Or is this the moment when the market prepares for a “reversal” towards the support at 1.11225?
The EMA 34 and 89 are still holding the bullish trend intact, but don’t forget that this afternoon’s Fed meeting is a “ticking time bomb” for major volatility. With each interest rate announcement, the EUR/USD pair could either be “propelled” higher or experience a sharp “reversal.”
Traders need to buckle up, as this event could trigger a strong breakout or potentially signal the end of the current upward movement.
EUR/USD Awaits Fed Signals, Potential for CorrectionEUR/USD paused its short-term rally on Tuesday, remaining hesitant above 1.1100 as traders anticipate Wednesday’s Fed meeting.
EURUSD is currently trading around 1.11302 after peaking at 1.11455.
If it fails to break the strong resistance at 1.11455, the price may correct towards the support level at 1.10741, before recovering back to 1.11135.
The EMA 34 (1.11029) and EMA 89 (1.10841) continue to support the uptrend, but indicators show signs of weakening.
MACD convergence signals a potential short-term correction.
EURUSD 1.1032: Resistance at 1.1300, Pressure from ECB & FEDEURUSD is currently fluctuating around the support level of 1.10320, where it has bounced several times. If this level holds, the price could rise towards the resistance level of 1.1300.
The RSI is at 39.81, indicating strong selling pressure, but potential buying interest may emerge at this support. The short-term downtrend remains intact as the price is below both the EMA 34 and EMA 89.
In terms of news, the ECB is expected to adjust its monetary policy this week to tackle high inflation in the Eurozone. Meanwhile, the USD is strengthening due to expectations that the FED will continue its tight monetary stance. These factors from the ECB and FED will significantly impact EURUSD’s next moves.
EURUSD Awaits Nonfarm, Potential for Price IncreaseNonfarm Payrolls data and U.S. labor statistics have a strong impact on the USD and EURUSD trend. If the data is unfavorable, EURUSD may see a price increase.
On the chart, EURUSD is fluctuating around 1.11077 after reaching resistance near 1.11500.
The EMA 34 and EMA 89 are supporting the short-term upward trend, indicating that the price may continue to rise after the current adjustment.
EURUSD could make a slight correction to 1.10760 before rising again. If support holds and economic news is favorable, the next target is 1.11389.
EURUSD Faces Resistance, Downtrend ContinuesThe price is fluctuating around the EMA lines, with the EMA 34 above the EMA 89, signaling a short-term recovery but not strong enough to break the main downtrend.
A strong support level at 1.10300 has previously caused the price to bounce back. This is also the level that may be revisited if the downtrend continues.
The 1.1158 zone is a strong resistance. If the price fails to break through this area, the downtrend is likely to persist.
The RSI is at a neutral level, near 50, indicating that the market is balanced, with no signs of being overbought or oversold.
EURUSD could continue to decline towards the support level before retesting the resistance. If it fails to break the resistance, the downtrend may continue in the near future.
EUR/USD Near 1.11400 Resistance: Breakout or Pullback?The chart shows an upward trendline with EUR/USD approaching the key resistance level of 1.11400, where selling pressure may arise if the price fails to break through.
The crucial support currently lies around 1.10500, a level to which the price might retreat if it fails to surpass the resistance.
EUR/USD is testing this resistance zone, with the potential for a breakout if buying pressure strengthens. Otherwise, the price is likely to retest the rising trendline.
EUR/USD Near 1.10300 USD Support, Short-Term Upside PotentialThe H3 chart of EUR/USD shows the price approaching a crucial support level around 1.10300 USD, a zone that has held firm previously and may trigger an upward move if unbroken.
The 20 SMA is currently exerting downward pressure, but if the support holds, a short-term recovery is possible.
The price is also trading near the lower Bollinger Band, indicating the potential for a bounce from this support level.
Traders might consider buying near the 1.10300 USD support if clear reversal signals emerge.
Market sentiment for EUR/USD is still influenced by economic and political factors from both the Eurozone and the U.S.
EURUSD Awaits Rate Signals, Risk of Bullish ReversalInvestors are waiting for rate signals from the Fed as U.S. inflation remains high, while the ECB faces pressure to adjust rates due to the Eurozone's sluggish economy.
The short-term downtrend in EURUSD is prevailing, confirmed by the EMA 34 crossing below the EMA 89, indicating growing selling pressure.
The chart shows strong support around the 1.10630 level, where prices have bounced multiple times, creating a solid support zone.
The resistance zone is around 1.11450, which is a potential target area if prices rebound from the support level.
The RSI (14) is currently hovering around 36-38, suggesting the market is in an oversold state. This indicates a potential reversal or a short-term pullback.
If the price holds the support at 1.10630 and shows a rebound signal, there is a possibility that EURUSD will retest the resistance at 1.11450.
Euro Declines Amid French Election UncertaintyThe euro experienced a slight decline of approximately -0.07% today as market participants anticipate a potential legislative deadlock following the French parliamentary elections.
The euro is currently trading below the 34-day moving average (MA), indicating a short-term downtrend, and is also trading below the 89-day MA, suggesting that the long-term downtrend is being reinforced.
The euro may continue to face pressure if the political situation in France shows no signs of improvement. I personally believe that uncertainty will persist at least until the election results are clearly determined.
Do you have any other predictions?
EURUSD SHORTFOREXCOM:EURUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
EURUSD TRADE SETUPFOREXCOM:EURUSD FX:EURUSD OANDA:EURUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!