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Euro-dollar

EURUSD 1.1216 upcoming resistanceThe euro is trading towards the best levels of the week against the US dollar after the pair moved above the major technical resistance, at 1.1174. If the EURUSD pair continues to trade above the 1.1174 level, the next key resistance area to watch is the 1.1216 level. EURUSD traders are now awaiting the release of French and eurozone GDP data this morning, with expectations tilted to the upside. The EURUSD pair is only bearish while trading below the 1.1174 level, key technical support is found at the 1.1150 and 1.1135 levels. If the EURUSD pair holds above 1.1174 level, key intraday resistance is found at the 1.1216 and 1.1250 levels.
by OctaFX_Official
EURUSD still bearishThe euro currency is back under downside pressure against the US dollar in early Monday trade after finding strong technical resistance from the 1.1174 level. Weakness below the 1.1135 support level should trigger the next round of technical selling in the EURUSD pair. Traders now await the release of key inflation data from the United States, ahead of Wednesday FOMC interest rate decision. The EURUSD pair is bearish while trading below the 1.1135 level, key technical support is found at the 1.1100 and 1.1050 levels. If the EURUSD pair trades above 1.1135 level, key intraday resistance is found at the 1.1174 and 1.1200 levels.
by OctaFX_Official
EURUSD 1.1116 key supportThe euro currency has suffered another bearish daily price close against the US dollar, with the pair so far finding weekly support from the 1.1116 level. If the EURUSD pair breaks the 1.1116 level the 1.1100 level now offers the strongest form on intraday support. If the EURUSD pair corrects higher, the 1.1175 level is now key upside technical resistance on an intraday basis. The EURUSD pair is intraday bearish while trading below the 1.1175 level, key technical support is found at the 1.1116 and 1.1100 levels. If the EURUSD pair trades above 1.1150 level, key intraday resistance is found at the 1.1175 and 1.1200 levels.
by OctaFX_Official
EURUSD targeting 1.1100The euro currency has fallen to a fresh 2019 trading low against the US dollar, hitting 1.1135, as the greenback continues to surge higher across the board. The technical picture for the EURUSD pair is increasingly bearish, with price now trading below the neckline of the head shoulders pattern. The next major downside target for EURUSD sellers is likely to be the 1.1100 support level. The EURUSD pair is heavily bearish while trading below the 1.1175 level, key technical support is found at the 1.1135 and 1.1100 levels. If the EURUSD pair trades above 1.1175 level, key intraday resistance is found at the 1.1216 and 1.1230 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.118. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.114. TP4: S2=1.112. Set the stoploss of these orders at breakout of R2=1.119. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.119. In this situation, there is an expectation to reach the target R3=1.1255. Set the stoploss of reverse orders at breakout of R1=1.118. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity_EU
EURUSD heavily bearish below 1.1216The euro has come back under pressure against the greenback as the US dollar index advances to its highest level since June 2017. The EURUSD pair is heavily bearish while trading below the 1.1216 level, with the 1.1175 level critical support below. The bearish head and shoulders pattern on the four-hour time frame is showing that the EURUSD pair could fall towards the 1.1000 level. The EURUSD pair is heavily bearish while trading below the 1.1216 level, key technical support remains at the 1.1175 and 1.1130 levels. If the EURUSD pair trades above 1.1230 level, key intraday resistance is found at the 1.1250 and 1.1280 levels.
by OctaFX_Official
EURUSD edging higherThe euro currency continues to edge higher against the US dollar in early Tuesday trade, following a breakout above the 1.1250 level. If buyers hold price above the 1.1250 level the EURUSD pair faces strong weekly technical resistance from the 1.1280 level. Both the Momentum and the MACD indicators on the four-hour time frame are correcting from oversold conditions. The EURUSD pair is only intraday bearish while trading below the 1.1250 level, key technical support remains at the 1.1230 and 1.1216 levels. If the EURUSD pair trades above 1.1250 level, key intraday resistance is found at the 1.1280 and 1.1300 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1325. TP4: R2=1.1345. Set the stoploss of these orders at breakout of S2=1.128. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.128. In this situation, there is an expectation to reach the target S3=1.1215. Set the stoploss of reverse orders at breakout of S1=1.129. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2
EURUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1415. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.135. TP4: S2=1.13. Set the stoploss of these orders at breakout of R2=1.143. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.143. In this situation, there is an expectation to reach the target R3=1.15. Set the stoploss of reverse orders at breakout of R1=1.1415. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.144. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.15. TP4: R2=1.155. Set the stoploss of these orders at breakout of S2=1.1425. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1425. In this situation, there is an expectation to reach the target S3=1.1355. Set the stoploss of reverse orders at breakout of S1=1.144. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity