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EURUSD bullish daily closeThe euro continues to rise against the US dollar, with the pair performing a bullish daily price close above the key technical resistance. The EURUSD pair is likely to test the 1.1120 level if a breakout above the 1.1090 level occurs, although the 1.1180 level is by far more technically important. Overall, the release of the FOMC meeting minutes later today could provoke the next wave of US dollar selling. • The EURUSD pair is only bearish while trading below the 1.1060 level, key support is found at the 1.1045 and 1.1020 levels. • The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1090 and 1.1120 levels.
by OctaFX_Official
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.05. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=120.5. TP4: R2=120.65. Set the stoploss of these orders at breakout of S2=119.9. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=119.9. In this situation, there is an expectation to reach the target S3=119.1. Set the stoploss of reverse orders at breakout of S1=120.05. 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_EU
3
EURUSD major week aheadThe euro is holding above key technical support against the US dollar after performing a bullish breakout above the 1.1045 level last week. The EURUSD pair faces a pivotal trading week ahead and could challenge the 1.1120 level if bulls can force a breakout above the 1.1080 level. The overall medium-term upside objective of the EURUSD pair is found at the 1.1360 level. • The EURUSD pair is only bearish while trading below the 1.1045 level, key support is found at the 1.1020 and 1.0980 levels. • The EURUSD pair is only bullish while trading above the 1.1045 level, key resistance is found at the 1.1080 and 1.1170 levels.
by OctaFX_Official
EURUSD bulls failingThe euro currency is still trapped around the 1.1000 level against the US dollar, with bulls repeatedly failing to move the pair away from key technical support. A strong recovery above the 1.1045 level would increase the chances of a potential bounce towards the 1.1120 resistance level. Traders should cautious toward extreme EURUSD sellers if a breakdown below the 1.0980 support level happens. • The EURUSD pair is only bearish while trading below the 1.1045 level, key support is found at the 1.1000 and 1.0980 levels. • The EURUSD pair is only bullish while trading above the 1.1045 level, key resistance is found at the 1.1065 and 1.1120 levels.
by OctaFX_Official
EURUSD 1.1045 neededThe euro has managed a marginal recovery from the 1.1000 level against the US dollar, following a technical battle in this area on Tuesday. EURUSD bulls need to advance the pair above the 1.1042 level to confirm that a short-term price floor is now in place. Overall, traders will start to turn bullish towards the EURUSD pair on an intraday basis if the 1.1065 resistance level is overcome. • The EURUSD pair is only bearish while trading below the 1.1065 level, key support is found at the 1.1000 and 1.0980 levels. • The EURUSD pair is only bullish while trading above the 1.1065 level, key resistance is found at the 1.1090 and 1.1120 levels.
by OctaFX_Official
EURUSD bulls need to reclaim 1.1065The euro currency has managed to bounce from the 1.1010 technical area against the US dollar, although upside momentum is currently lacking. EURUSD bulls need to force an intraday recovery above the 1.1065 level to secure a test of the 1.1120 resistance level this week. Overall, sustained weakness below the 1.1020 level should be considered bearish for the EURUSD pair. • The EURUSD pair is only bearish while trading below the 1.1065 level, key support is found at the 1.1010 and 1.0980 levels. • The EURUSD pair is only bullish while trading above the 1.1065 level, key resistance is found at the 1.1090 and 1.1120 levels.
by OctaFX_Official
EURUSD 1.1000 very importantThe euro currency is drifting lower in early week trade against the US dollar, with the pair so far failing to attract a meaningful bid. The 1.1000 level is huge for the EURUSD this week, with bulls needing to step in from this key area to avoid a steep decline towards the 1.0930 area. Overall, watch out for a strong bullish counter-move to occur if the EURUSD pair starts to firm above the 1.1060 level. • The EURUSD pair is only bearish while trading below the 1.1090 level, key support is found at the 1.1000 and 1.0980 levels. • The EURUSD pair is only bullish while trading above the 1.1090 level, key resistance is found at the 1.1110 and 1.1150 levels.
by OctaFX_Official
EURUSD 1.1030 insightThe euro bulls have been unable to defend the 1.1065 level against the US dollar, which has pushed the pair back towards the 1.1050 level. It is worth reiterating that the loss of the 1.1065 support level may trigger heavy selling in the EURUSD pair towards the 1.1030 or 1.1010 level. Overall, intraday strength in the US dollar index is a key factor behind weakness in the EURUSD. • The EURUSD pair is only bearish while trading below the 1.1120 level, key support is found at the 1.1030 and 1.1010 levels. • The EURUSD pair is only bullish while trading above the 1.1120 level, key resistance is found at the 1.1150 and 1.1170 levels.
by OctaFX_Official
EURUSD downside biasThe euro currency is under pressure against the US dollar on Wednesday, following a bearish move below the 1.1110 technical level. A breakout below the 1.1065 support level could spark a deeper drop in the EURUSD pair towards the 1.1030 level. Overall, traders may use a technical pullback towards the 1.1000 level as an opportunity to build medium-term EURUSD long positions. • The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1065 and 1.1030 levels. • The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1150 and 1.1170 levels.
by OctaFX_Official
EURUSD 1.1150 pivotThe euro currency has fallen below the 1.1150 level against the US dollar, placing further downside in the pair back into focus. Sustained weakness below the 1.1150 level for the EURUSD pair is likely to prompt a stronger decline back towards the 1.1070 support level. Caution is still warranted, as buyers could still force a technical test of the 1.1210 level if the 1.1110 level is defended. • The EURUSD pair is only bearish while trading below the 1.1150 level, key support is found at the 1.1110 and 1.1070 levels. • The EURUSD pair is only bullish while trading above the 1.1150 level, key resistance is found at the 1.1180 and 1.1210 levels.
by OctaFX_Official
EURUSD 1.1210 major resistanceThe euro currency continues to trade around the 1.1160 level against the US dollar after the US monthly jobs report failed to provoke a major breakout in the pair. Going forward, the EURUSD pair faces major upcoming technical resistance from the 1.1210 level. Failure to overcome the 1.1210 level could prompt a bearish retracement back towards the 1.1070 support level. • The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1070 and 1.1040 levels. • The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1180 and 1.1210 levels.
by OctaFX_Official
EURUSD 1.1180 criticalThe euro has experienced a minor technical pullback against the US dollar after sellers failed to break the 1.1180 resistance level on Thursday. The EURUSD pair is at risk of a strong pullback towards the 1.1044 level if bulls fail to break through the 1.1180 level today. With the US monthly jobs report approaching the EURUSD pair is likely to settle into a smaller trading range until the key data release this afternoon. • The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1075 and 1.1044 levels. • The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1180 and 1.1260 levels.
by OctaFX_Official
EURUSD steady advanceThe euro is holding onto its monthly gains against the US dollar after the Federal Reserve cut interest by twenty-basis points on Wednesday. Going forward, the 1.1260 level is the key resistance level bulls may attempt to reclaim if a break above the 1.1200 level occurs. The monthly price close is now in focus, with EURUSD bulls on course for the first positive trading month since June this year. • The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1075 and 1.1044 levels. • The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1160 and 1.1260 levels.
by OctaFX_Official
EURUSD bulls bewareThe euro is on the rise against the US dollar on Wednesday, after finding strong dip-buying demand around the 1.1070 support level. Caution is still advised ahead of today’s data releases as the main area of technical support for the EURUSD pair is located just under the 1.1044 level. Overall, the medium-term upside objective for the EURUSD pair is located around the 1.1260 level. • The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1075 and 1.1040 levels. • The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1180 and 1.1260 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1095. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1135. TP4: R2=1.115. Set the stoploss of these orders at breakout of S2=1.1075. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1075. In this situation, there is an expectation to reach the target S3=1.1. Set the stoploss of reverse orders at breakout of S1=1.1095. 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_EU
1
EURUSD FOMC to decideThe euro continues to hold below the 1.1100 level against the US dollar as traders look to a busy week ahead of market action. The direction of the EURUSD pair is likely to be decided by the outcome of the FOMC rate decision later this week. A rate cut could push the EURUSD towards the 1.1200 level, while a more hawkish FOMC decision could see sellers forcing the pair back towards the 1.1000 level. • The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1050 and 1.1010 levels. • The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1180 and 1.1220 levels.
by OctaFX_Official
EURUSD 1.1044 now possibleThe euro is trading below the key 1.1110 level against the US dollar, following more dovish commentary from outgoing ECB President Mario Draghi on Thursday. A sustained loss of the 1.1110 level may encourage sellers to push price back towards the 1.1044 level. Overall, the EURUSD pair could be a strong dip-buying opportunity if a deeper correction towards the 1.1044 area occurs. • The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1080 and 1.1044 levels. • The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1180 and 1.1220 levels.
by OctaFX_Official
EURUSD awaiting ECB decisionThe euro currency is advancing back towards the 1.1145 level against the US dollar, as traders await the ECB monetary policy decision later today. The EURUSD pair could rally towards the 1.1255 level if bulls continue to defend the 1.1110 level. A sustained loss of the 1.1110 support level could prompt a much larger decline in the EURUSD pair back towards the 1.1045 level. • The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1090 and 1.1044 levels. • The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1180 and 1.1255 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.112. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1155. TP4: R2=1.1175. Set the stoploss of these orders at breakout of S2=1.1105. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1105. In this situation, there is an expectation to reach the target S3=1.1035. Set the stoploss of reverse orders at breakout of S1=1.112. 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_EU
EURUSD bearish correctionThe euro has moved below the pivotal 1.1145 level against the US dollar, placing the focus on emphasis on further short-term selling. If an interim high is in place, the bearish correction in the EURUSD pair could extend losses towards the 1.1044 support level. A sustained break below the 1.1110 support level should confirm that the EURUSD pair can start to trade much lower this week. • The EURUSD pair is bearish while trading below the 1.1145 level, key support is found at the 1.1110 and 1.1044 levels. • The EURUSD pair is only bullish while trading above the 1.1145 level, key resistance is found at the 1.1180 and 1.1220 levels.
by OctaFX_Official