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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
Don't miss the great buy opportunity in EURAUDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6415). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURAUD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 1.6525 TP2= @ 1.6620 TP3= @ 1.6785 SL= Break below S2
Long
by ForecastCity_EU
EURUSD new lowThe euro is back under downside pressure against the greenback, after suffering another upside rejection from the 1.1110 level and falling to fresh new weekly trading low. Technically, the EURUSD is going to struggle to find attract buying interest if the pair continues to fail above the 1.1100 level. Chair Powell’s speech later today and the upcoming G7 meeting is also causing subdued trading action. If the EURUSD pair trades above the 1.1110 level, bulls may test towards the 1.1130 and 1.1146 levels. If the EURUSD pair trades below the 1.1050 level, sellers may test towards the 1.1020 and 1.1000 levels.
by OctaFX_Official
EURUSD PMI data keyThe euro currency is trader slightly lower against the US dollar in early Thursday trade, following a fairly uneventful FOMC Meeting Minutes. The release of EU PMI Manufacturing data is the main market mover for EURUSD pair, with bearish German data likely to force a test of the 1.1050 level. A better than expected German PMI number could prompt another test of the 1.1110 level. If the EURUSD pair trades above the 1.1110 level, bulls may test towards the 1.1130 and 1.1146 levels. If the EURUSD pair trades below the 1.1070 level, sellers may test towards the 1.1050 and 1.1020 levels.
by OctaFX_Official
EURUSD support holdsThe euro currency is holding firm above the 1.1070 level against the US dollar as the pairs current yearly trading low remains intact. Bearish fundamental news has failed to push the EURUSD pair lower, which may encourage bulls to test towards the current weekly high. Overall, the release of the FOMC Meeting Minutes should be the next directional catalyst for the EURUSD pair. The EURUSD pair is bearish while trading below the 1.1100 level, key support is found at the 1.1070 and 1.1050 levels. If the EURUSD pair trades above the 1.1100 level, bulls may test towards the 1.1110 and 1.1130 levels.
by OctaFX_Official
EURUSD potential bullish patternThe euro is still trapped around the 1.1100 level against the US dollar as the traders remain cautious ahead of the FOMC Meeting Minutes and EU PMI data later this week. If buyers can continue to defend the 1.1150 to 1.1170 price region a potential double-bottom pattern could form this week. Overall, unless buyers take price above the 1.1160, selling EURUSD is still preferred. The EURUSD pair is bearish while trading below the 1.1100 level, key support is found at the 1.1070 and 1.1050 levels. If the EURUSD pair trades above the 1.1100 level, bulls may test towards the 1.1130 and 1.1160 levels.
by OctaFX_Official
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=118.05. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=118.75. TP4: R2=119.05. Set the stoploss of these orders at breakout of S2=117.95. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=117.95. In this situation, there is an expectation to reach the target S3=117.15. Set the stoploss of reverse orders at breakout of S1=118.05. 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
EURUSD bears in controlThe euro currency has fallen back towards the 1.1100 level against the US dollar after crashing below the 1.1130 support level on Thursday. The euro is extremely bearish while trading below the 1.1100 level and now risks falling back towards its current yearly low. Bulls will be looking for a double-bottom formation, however, the fundamentals behind the EURUSD are worsening. The EURUSD pair is heavily bearish while trading below the 1.1130 level, key support is found at the 1.1130 and 1.1100 levels. If the EURUSD pair trades above the 1.1130 level, bulls may test towards the 1.1160 and 1.1200 levels.
by OctaFX_Official
EURUSD 1.1130 criticalThe euro is back under severe technical pressure against the greenback after breaking through the key 1.1160 support level on Wednesday. Bears could easily force a deeper decline towards the 1.1100 level if the 1.1130 support level becomes breached. Overall, market sentiment towards the EURUSD pair is very bearish while price continues to trade below the pivotal 1.1160 level. The EURUSD pair is heavily bearish while trading below the 1.1160 level, key support is found at the 1.1130 and 1.1100 levels. If the EURUSD pair trades above the 1.1160 level, bulls may test towards the 1.1200 and 1.1250 levels.
by OctaFX_Official
EURUSD awaiting GDP dataThe euro has slumped back below the 1.1200 level against the US dollar following better than expected US data and renewed demand for the greenback. Weaker than expected EU data may prompt another technical test of the important 1.1160 support level. Overall, traders are growing more bullish towards the US dollar and the US economy now that Chinese trade tariffs have been pushed back. The EURUSD pair is strongly bearish while trading below the 1.1160 level, key support is found at the 1.1145 and 1.1135 levels. If the EURUSD pair trades above the 1.1225 level, bulls may test towards the 1.1248 and 1.1290 levels.
by OctaFX_Official
EURUSD aksi segitigaMata uang euro diperdagangkan tepat di bawah level 1.1200 terhadap dolar USA, menyusul sebuah lambungan kuat dari level 1.1160 pada hari Senin. Dengan frustrasi, aksi trading untuk pasangan EURUSD masih berpusat di sekitar pola segitiga dalam kerangka waktu empat jam. Secara umum, bulls perlu menembus bagian atas level harian 1.1225 demi mengamankan uji teknis lainnya terhadap level ketahanan 1.1248. Pasangan EURUSD hanya bearish ketika diperdagangkan di bawah level 1.1180, kunci dukungan berada pada level 1.1160 dan 1.1135. Jika pasangan EURUSD diperdagangkan di atas level 1.1248, bulls perlu menjajal level 1.1290 dan 1.1323.
by OctaFX_Official
EURUSD triangle actionThe euro currency is trading just below the 1.1200 level against the US dollar, following a strong rebound from the 1.1160 level on Monday. Frustratingly, the trading action for the EURUSD pair is still centered around the triangle pattern on the four-hour time frame. Overall, bulls need to break above the 1.1225 level intraday to secure yet another technical test towards the 1.1248 resistance level. The EURUSD pair is only bearish while trading below the 1.1180 level, key support is found at the 1.1160 and 1.1135 levels. If the EURUSD pair trades above the 1.1248 level, bulls may test towards the 1.1290 and 1.1323 levels.
by OctaFX_Official
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=117.75. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=118.55. TP4: R2=118.8. Set the stoploss of these orders at breakout of S2=117.5. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=117.5. In this situation, there is an expectation to reach the target S3=116.6. Set the stoploss of reverse orders at breakout of S1=117.75. 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
There is a possibility for the beginning of an uptrend in EURUSDMidterm forecast: While the price is above the support 1.1000, beginning of uptrend is expected. We make sure when the resistance at 1.1450 breaks. If the support at 1.1000 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. . While the RSI resistance #2 at 52 is not broken, the probability of price increase would be too low. . The RSI is at 54. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.1175 to 1.1100). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.1175) Ending of entry zone (1.1100) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 1.12650 TP2= @ 1.13450 TP3= @ 1.14500 TP4= @ 1.15700 TP5= @ 1.17250 TP6= @ 1.18650 TP7= @ 1.20300 TP8= @ 1.22300 TP9= @ 1.25550 TP10= Free
Long
by ForecastCity_EU