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Euro-dollar

EURUSD rebound possibleThe euro currency remains extremely weak against the US dollar, although key upcoming risk events could provide some relief for the EURUSD pair. The US dollar index currently has a double-top pattern forming, while US political risks this week could be EURUSD supportive. Overall, weakness under the 1.0900 level could prompt more losses, however, traders must be careful in case a strong bounce occurs. The EURUSD pair is only bearish while trading below the 1.1025 level, key support is found at the 1.0900 and 1.0850 levels. The EURUSD pair is only bullish while trading above the 1.1025 level, key resistance is found at the 1.1070 and 1.1110 levels.
by OctaFX_Official
EURUSD still a sellThe euro currency has moved to a new 2019 trading low against the US dollar after sellers forced a technical test of the 1.0900 support zone. The EURUSD has few fundamentals positives at the moments and the technical landscape is still very bearish while below the 1.1110 level. A continuation of EURUSD selling remains the most likely scenario, with the 1.0850 level the possible bearish target. The EURUSD pair is only bearish while trading below the 1.1025 level, key support is found at the 1.0900 and 1.0850 levels. The EURUSD pair is only bullish while trading above the 1.1025 level, key resistance is found at the 1.1050 and 1.1070 levels.
by OctaFX_Official
EURUSD 1.0925 keyThe euro is back under pressure against the greenback after traders force a bearish breakout below the current weekly trading low. The EURUSD pair now needs to move below the 1.0925 level to encourage technical towards the 1.0850 technical area. Traders could also buy the EURUSD pair from the current area if the 1.0925 level is not broken for a great risk-reward entry. The EURUSD pair is only bearish while trading below the 1.1000 level, key support is found at the 1.0925 and 1.0850 levels. The EURUSD pair is only bullish while trading above the 1.1000 level, key resistance is found at the 1.1025 and 1.1050 levels.
by OctaFX_Official
EURUSD 1.1025 hard resistanceThe euro is attempting to recover above the 1.1000 level against the US dollar after sellers were unable to keep the pair below the 1.0980 level. EURUSD bulls now need to move price above the 1.1025 resistance level to encourage further buying towards the 1.1050 level. Failure to beach the 1.1025 level could see the EURUSD push back towards the current weekly low. The EURUSD pair is only bearish while trading below the 1.0990 level, key support is found at the 1.0970 and 1.0925 levels. The EURUSD pair is only bullish while trading above the 1.0990 level, key resistance is found at the 1.1025 and 1.1050 levels.
by OctaFX_Official
EURUSD momentum lackingThe euro remains under downside pressure against the US dollar, although selling momentum is currently lacking below the 1.0980 level. The technicals are still very bearish for EURUSD pair, with a downside target of 1.0850 possible while price trades under the 1.0980 level. Bulls need to move price above the 1.1050 level to change the short-term picture, although it appears unlikely without a strong fundamental catalyst. The EURUSD pair is bearish while trading below the 1.0980 level, key support is found at the 1.0925 and 1.0850 levels. The EURUSD pair is only bullish while trading above the 1.1050 level, key resistance is found at the 1.1170 and 1.1110 levels.
by OctaFX_Official
EURUSD rebound requiredThe euro currency is under mild downside pressure against the US dollar as the trading week begins after reversing towards the 1.1000 support level last Friday. Bulls need to hold the EURUSD pair above the 1.0980 level this week in order to encourage fresh technical buying towards the 1.1110 area. A loss of the 1.0980 area could see the EURUSD pair falling back towards its current monthly trading low. The EURUSD pair is bullish while trading above the 1.0980 level, key resistance is found at the 1.1070 and 1.1110 levels. The EURUSD pair is only bearish while trading below the 1.0980 level, key support is found at the 1.0950 and 1.0925 levels.
by OctaFX_Official
EURUSD 1.1110 testThe euro currency is continuing to push higher against the US dollar on Friday, with the pair eroding all of its post-FOMC losses. The EURUSD pair is still on track to test the 1.1110 resistance area, although the 1.1160 level remains the larger goal. Overall, unless the pair suffers from sustained weakness returns below 1.1000 level the gradual recovery in the pair should continue. The EURUSD pair is bullish while trading above the 1.1050 level, key resistance is found at the 1.1110 and 1.1160 levels. The EURUSD pair is only bearish while trading below the 1.1050 level, key support is found at the 1.1025 and 1.0980 levels.
by OctaFX_Official
EURUSD holds supportThe euro has moved lower against the US dollar despite the US Federal Reserve cutting interest rates as widely expected on Wednesday. The EURUSD pair has a short-term bullish target of 1.1160, although the 1.1300 level is the medium-term bullish target. The 1.1025 level is a key technical area that EURUSD bulls may look to buy the pair now that a pullback in price has taken place. The EURUSD pair is bullish while trading above the 1.1050 level, key resistance is found at the 1.1110 and 1.1160 levels. The EURUSD pair is only bearish while trading below the 1.1050 level, key support is found at the 1.1025 and 1.0980 levels.
by OctaFX_Official
EURUSD on the advanceThe euro has moved away from the 1.1000 level against the US dollar as dip-buying prevails following the formation of a potential bullish lower weekly trading high. The EURUSD pair may start to target the 1.1090 technical level ahead of the FOMC rate decision later today. Overall, short-term EURUSD bulls are in control of the currency pair while the price continues to trade above the 1.1050 level. The EURUSD pair is bullish while trading above the 1.1050 level, key resistance remains at the 1.1090 and 1.1160 levels. The EURUSD pair is only bearish while trading below the 1.1050 level, key support is found at the 1.1025 and 1.0980 levels.
by OctaFX_Official
EURUSD 1.1050 still keyThe euro has slipped back towards the 1.1000 level against the US dollar after the pair failed to secure buying interest above the 1.1090 level on Monday. The downside for EURUSD pair can open-up below the 1.1000 level, although further gains towards the 1.1160 level appear more likely this week. Overall, EURUSD bulls need to reclaim the 1.1050 level to encourage fresh buying interest. The EURUSD pair is bullish while trading above the 1.1050 level, key resistance is found at the 1.1090 and 1.1130 levels. The EURUSD pair is only bearish while trading below the 1.1050 level, key support is found at the 1.1020 and 1.1000 levels.
by OctaFX_Official
EURUSD 1.1090 key levelThe euro continues to hold onto recent gains against the US dollar, with the pair trading above the 1.1050 level. EURUSD bulls will need to perform multiple daily price closes above the 1.1090 level to encourage new technical buying interest. Overall, the 1.1160 level remains the short-term bullish target for EURUSD buyers. The EURUSD pair is bullish while trading above the 1.1050 level, key resistance is found at the 1.1090 and 1.1160 levels. The EURUSD pair is only bearish while trading below the 1.1050 level, key support is found at the 1.1000 and 1.0930 levels.
by OctaFX_Official
EURUSD bearish under 1.1000The euro currency has fallen below the 1.1000 level against the US dollar, marking a bearish trendline break from a descending triangle pattern. The downside breakout could take the EURUSD pair back towards the 1.0940 level, according to its overall projection. Buyers will need to force the price back above the 1.1050 level to encourage fresh buying interest towards the EURUSD. The EURUSD pair is bearish while trading below the 1.1000 level, key support is found at the 1.0960 and 1.0940 levels. The EURUSD pair is intraday bullish while trading above the 1.1050 level, key resistance is found at the 1.1100 and 1.1130 levels.
by OctaFX_Official
EURUSD limited actionThe euro is still largely contained towards the middle of its recent trading range against the US dollar, as traders remain cautious ahead of Thursday’s ECB meeting. Unless we see a strong move in the US dollar index, it is unlikely that the EURUSD pair will see significant movement. Overall, the 1.1000 to 1.1090 range is still expected to contain the EURUSD without a near-term trading catalyst. The EURUSD pair is only bearish while trading below the 1.1000 level, key support is found at the 1.0980 and 1.0940 levels. The EURUSD pair is bullish while trading above the 1.1090 level, key resistance is found at the 1.1130 and 1.1160 levels.
by OctaFX_Official
EURUSD still bullishThe euro is holding firm against the US dollar as the new trading week begins ahead of a critical week for the single currency. Traders are likely to be cautious towards the EURUSD pair this week incase the European Central Bank introduce a new stimulus package on Thursday. Overall, a breakout from the 1.1000 to 1.1110 price range is likely to trigger the next strong EURUSD move. The EURUSD pair is only bearish while trading below the 1.1000 level, key support is found at the 1.0980 and 1.0940 levels. The EURUSD pair is bullish while trading above the 1.1000 level, key resistance is found at the 1.11100 and 1.1160 levels.
by OctaFX_Official
EURUSD pullback possibleThe euro has pulled backed from a fresh monthly trading high against the US dollar after the pair found strong resistance from the 1.1086 level. Buyers need to move price above the 1.1160 level to force a major short-term technical breakout in the EURUSD pair. Any near-term technical corrections in the EURUSD pair could easily extend back towards the 1.0940 support level. The EURUSD pair is only bearish while trading below the 1.1000 level, key support is found at the 1.0980 and 1.0940 levels. The EURUSD pair is bullish while trading above the 1.1000 level, key resistance is found at the 1.1186 and 1.1130 levels.
by OctaFX_Official
EURUSD 1.0990 upcoming resistanceThe euro currency has made a marginal recovery against the US dollar, following much weaker-than-expected ISM manufacturing data from the US economy. The overall trend still remains bearish for the EURUSD pair, with the 1.0900 level near-term support. Bulls need to move price above the 1.0990 level to encourage a technical test of the 1.1026 resistance level. If the EURUSD pair trades above the 1.0960 level, bulls may test back towards the 1.0990 and 1.1026 levels. The EURUSD pair remains bearish while trading below the 1.0960 level, key support is found at the 1.0900 and 1.0860 levels.
by OctaFX_Official
EURUSD 1.1000 now resistanceThe euro has opened the new trading month under pressure against the US dollar after suffering its lowest weekly price close since May 2017. The psychological 1.1000 level is now former key support turned resistance, with 1.1026 level extended resistance. Below the 1.0960 level, the 1.0900 level is the most notable form of technical support for the EURUSD pair this week. The EURUSD pair is heavily bearish while trading below the 1.1100 level, key support is found at the 1.0930 and 1.0900 levels. If the EURUSD pair trades above the 1.1000 level, bulls may test back towards the 1.1015 and 1.1026 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.102. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.096. TP4: S2=1.093. Set the stoploss of these orders at breakout of R2=1.103. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.103. In this situation, there is an expectation to reach the target R3=1.1095. Set the stoploss of reverse orders at breakout of R1=1.102. 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 buyers disappearThe euro is falling back towards its current monthly trading low against the US dollar as the pair fails to rally on any positive news. The EURUSD monthly price close is coming into focus, with a monthly price close under the 1.1030 likely to set a bearish precedence for next month. The prospect of additional policy support from the ECB in just under two-weeks time is causing buyers to disappear. The EURUSD pair is heavily bearish while trading below the 1.1110 level, key support is found at the 1.1030 and 1.1000 levels. If the EURUSD pair trades above the 1.1090 level, bulls may test back towards the 1.1110 and 1.1130 levels.
by OctaFX_Official
EURUSD 1.0960 possibleThe euro currency has fallen to a fresh weekly low against the US dollar, completely eroding all of last Friday’s hard-earned trading gains. Technical analysis suggests that a break below the 1.1030 level opens-the-door for further losses towards the 1.0960 level. Bears may have to wait until the upcoming ECB policy meeting before a major technical breakout occurs in the EURUSD pair. If the EURUSD pair trades above the 1.1110 level, bulls may test back towards the 1.1130 and 1.1160 levels. The EURUSD pair is heavily bearish while trading below the 1.1110 level, key support is found at the 1.1030 and 1.0960 levels.
by OctaFX_Official
EURUSD 1.1050 in focusThe euro has seen a pick-up in selling against the greenback, as traders continue to sell any moves above the 1.1100 resistance level. If weakness persists we are likely to see the former weekly low come into focus, with the 1.1020 level the foremost weekly support zone below. Buyers need to move price above the 1.1130 level, although bullish sentiment currently appears fairly weak. If the EURUSD pair trades below the 1.1110 level, sellers may test towards the 1.1050 and 1.1020 levels. If the EURUSD pair trades above the 1.1110 level, bulls may test towards the 1.1130 and 1.1160 levels.
by OctaFX_Official
EURUSD 1.1110 now keyThe euro currency has slipped into the red for the trading week against the US dollar, following a heavy rejection from the 1.1160 level. Bears have the upperhand while price trades under the 1.1110 level, leaving the EURUSD pair exposed to further losses. Overall, bulls need to maintain price above the 1.1130 level, or the EURUSD pair could slip back towards the 1.1050 level. If the EURUSD pair trades above the 1.1110 level, bulls may test towards the 1.1130 and 1.1160 levels. If the EURUSD pair trades below the 1.1110 level, sellers may test towards the 1.1080 and 1.1050 levels.
by OctaFX_Official
EURUSD 1.1130 pivot areaThe euro is attempting to gain bullish momentum against the US dollar, following Friday’s strong recovery above the 1.1150 resistance level. Buyers need to keep price above the 1.1130 level to mount another challenge towards the important 1.1160 resistance area. Overall, the recently created bullish double-bottom pattern and the weaker greenback are helping to boost the recovery. If the EURUSD pair trades above the 1.1130 level, bulls may test towards the 1.1160 and 1.1190 levels. If the EURUSD pair trades below the 1.1130 level, sellers may test towards the 1.1100 and 1.1080 levels.
by OctaFX_Official