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EURUSD higher high neededThe euro is trading above the 1.1250 level against the US dollar, with the pair remaining contained in a relatively narrow trading range since last Wednesday. Bulls need to break above the 1.1285 level, to encourage a key technical test of the 1.1310 level. Continued weakness under the 1.1248 level could prompt EURUSD bears to test towards the important 1.1220 support level. If the EURUSD pair trades below the 1.1248 level, key support is found at the 1.1220 and 1.1200 levels. If bulls break the 1.1285 level, the EURUSD pair could trade towards the 1.1310 and 1.1355 levels.
by OctaFX_Official
EURUSD important week aheadThe euro currency is once again edging higher against the US dollar in early Monday as the technical recover from the current monthly low continues. The EURUSD faces an important week ahead as the trading range for the pair continues to narrow, pointing to a possible technical breakout. Bulls need to clearly break the 1.1310 resistance level, while sellers need to hold price under the 1.1200 level. The EURUSD pair is only bullish while trading above the 1.1248 level, key technical resistance is found at the 1.1280 and 1.1310 levels. If the EURUSD pair trades below the 1.1248 level, key support is found at the 1.1220 and 1.1200 levels.
by OctaFX_Official
EURUSD 1.1310 next big levelThe euro is holding firm above the 1.1248 level against the US dollar in early Friday trade after finding interim resistance from the 1.1280 level. The 1.1310 level will be the major short-term bullish target if EURUSD buyers can break through the 1.1280 barrier today. A sustained move under the 1.1248 level may prompt yet another test of the technically important 1.1220 support level. The EURUSD pair is only bullish while trading above the 1.1248 level, key technical resistance is found at the 1.1280 and 1.1310 levels. If the EURUSD pair trades below the 1.1248 level, key support is found at the 1.1220 and 1.1205 levels.
by OctaFX_Official
EURUSD bullish above 1.1248The euro is continuing to move higher against the US dollar in early Thursday trade, following the dovish FOMC meeting minutes and testimony from Jerome Powell. The EURUSD pair has a bullish intraday bias while trading above the 1.1248 level and may target the 1.1310 level. Technically, a bullish higher-low has also been created on the charts, further encouraging EURUSD buyers. The EURUSD pair is only bullish while trading above the 1.1248 level, key technical resistance is found at the 1.1280 and 1.1310 levels. If the EURUSD pair trades below the 1.1248 level, key support is found at the 1.1220 and 1.1205 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.123. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1275. TP4: R2=1.1305. Set the stoploss of these orders at breakout of S2=1.121. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.121. In this situation, there is an expectation to reach the target S3=1.1135. Set the stoploss of reverse orders at breakout of S1=1.123. 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 1.1180 low in focusThe euro has slipped back towards the worst trading levels of the month against the US dollar after the pair failed to move above the 1.1240 resistance area. The EURUSD pair could test towards the last important technical low, at 1.1180, if the 1.1205 level is broken. In summary, the next short-term directional breakout will open once the 1.1205 to 1.1240 range is broken. The EURUSD pair is only bullish while trading above the 1.1240 level, key technical resistance is found at the 1.1255 and 1.1280 levels. If the EURUSD pair trades below the 1.1205 level, key support is found at the 1.1180 and 1.1150 levels.
by OctaFX_Official
EURUSD 1.1255 Key SupportThe euro has opened the new trading week with a bearish tone against the US dollar, following the strong Non-farm payrolls headline number last Friday. EURUSD sellers need to breach the 1.1205 level, while bulls need to move price back above the 1.1255 level encourage technical buying. A sustained move below the 1.1205 support level would be extremely bearish for the EURUSD. The EURUSD pair is only bullish while trading above the 1.1255 level, key technical resistance is found at the 1.1280 and 1.1310 levels. If the EURUSD pair trades below the 1.1205 level, key support is found at the 1.1170 and 1.1135 levels.
by OctaFX_Official
EURUSD testing supportThe euro currency is testing towards the worst levels of the month against the US dollar, following more technical rejections from the 1.1300 resistance level. The four-hour time frame shows that a sustained break under the 1.1280 level is needed to provoke the next round of EURUSD selling. Key bearish targets under the 1.1280 level remain the 1.1255 and 1.1222 support regions. The EURUSD pair is only bullish while trading above the 1.1310 level, key technical resistance is found at the 1.1355 and 1.1400 levels. If the EURUSD pair trades below the 1.1280 level, key support is found at the 1.1255 and 1.1222 levels.
by OctaFX_Official
EURUSD 1.1310 struggleThe euro is testing back towards its current monthly trading low against the US dollar, following multiple technical rejections from the 1.1310 level. A sustained break of the 1.1280 level may see the EURUSD pair failing back towards the 1.1255 support region. The release of the US ADP jobs report is likely to be the main market mover for the EURUSD pair later today. The EURUSD pair is only bullish while trading above the 1.1310 level, key technical resistance is found at the 1.1355 and 1.1400 levels. If the EURUSD pair trades below the 1.1310 level, key support is found at the 1.1280 and 1.1255 levels.
by OctaFX_Official
EURUSD bearish below 1.1321The euro is back under pressure against the US dollar in early Tuesday trade, following slightly better Manufacturing data from the United States economy. The 1.1280 level is now key intraday support, with a sustained breakout under this level likely to spark weakness towards the 1.1255 level. The 1.1321 level now becomes the key intraday pivot point for the EURUSD pair. The EURUSD pair is only bullish while trading above the 1.1321 level, key technical resistance is found at the 1.1355 and 1.1400 levels. If the EURUSD pair trades below the 1.1321 level, key support is found at the 1.1280 and 1.1255 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1315. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.1265. TP4: S2=1.124. Set the stoploss of these orders at breakout of R2=1.1335. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.1335. In this situation, there is an expectation to reach the target R3=1.141. Set the stoploss of reverse orders at breakout of R1=1.1315. 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
1
EURUSD inside wedgeThe euro currency remains trapped in a tight range against the US dollar as traders scale back positioning ahead of the start of the G20 Summit. The four-hour time frame is showing that the EURUSD pair is currently trading within a neutral pattern. The pattern is highlighting that a twenty-five pip breakout move is likely once the EURUSD pair picks a directional bias. If the EURUSD pair trades above the 1.1380 level, key technical resistance is found at the 1.1410 and 1.1440 levels. If the EURUSD pair trades below the 1.1347 level, key support is found at the 1.1320 and 1.1290 levels.
by OctaFX_Official
EURUSD data drivenThe euro currency continues to trade towards the lower-end of its weekly range against the US dollar as the pair becomes increasingly driven by important US data. Bulls may need weak US data to break the 1.1400 level and take a shot at the 1.1440 resistance level. Much better than expected United States data over the coming sessions may prompt the EURUSD pair to reverse its post FOMC gains. If the EURUSD pair trades above the 1.1400 level, key technical resistance is found at the 1.1440 and 1.1500 levels. The EURUSD pair is only bearish while trading below the 1.1360 level, key support is found at the 1.1347 and 1.1321 levels.
by OctaFX_Official
EURUSD 1.1360 keyThe euro has slipped back from the 1.1400 level against the US dollar following Federal Reserve Chair Jerome Powells speech on Tuesday. The EURUSD pair can weaken towards the 1.1260 level if sellers start to hold price below the important 1.1360 level. Bulls need to move price past the 1.1400 level to encourage technical buying towards at least the 1.1440 resistance level. If the EURUSD pair trades above the 1.1360 level, key technical resistance is found at the 1.1440 and 1.1500 levels. The EURUSD pair is only bearish while trading below the 1.1360 level, key support is found at the 1.1321 and 1.1260 levels.
by OctaFX_Official
EURUSD 1.1400 breakout zoneThe euro continues to trade just above the 1.1400 level against the US dollar, with the pair still remaining well bid into early Tuesday trade. The 1.1400 level remains the gateway to the 1.1440 level, with topside resistance for the EURUSD found at the 1.1500 level. Sellers need to hold price below the 1.1360 level to negate the current bullish daily bias towards the EURUSD pair. If the EURUSD pair trades above the 1.1400 level, key technical resistance is found at the 1.1440 and 1.1500 levels. The EURUSD pair is only bearish while trading below the 1.1360 level, key support is found at the 1.1347 and 1.1321 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.137. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1415. TP4: R2=1.1445. Set the stoploss of these orders at breakout of S2=1.1345. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1345. In this situation, there is an expectation to reach the target S3=1.1265. Set the stoploss of reverse orders at breakout of S1=1.137. 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 bullish mingguan ditutupEuro telah membuka minggu perdagangan terbaru yang kuat terhadap dolar USA setelah pasangan menutup minggu di atas pergerakan rata-rata 200 harian. Bulls bisa menargetkan sebuah terobosan besar di atas level 1.1400, dengan level 1.1440 dan 1.1500 menjadi area ketahanan besar untuk dipantau. Jika para penjual menggerakkan harga kembali ke bawah level 1.1347, pasangan EURUSD bisa menyaksikan sebuah pergerakan kembali yang kuat ke bawah level 1.1300. Pasangan EURUSD hanya bearish ketika diperdagangkan di bawah level 1.1347, kunci dukungan berada pada level 1.1321 dan 1.1290. Jika pasangan EURUSD diperdagangkan di atas level 1.1347, kunci ketahanan teknis berada pada level 1.1400 dan 1.1440.
by OctaFX_Official
EURUSD bullish weekly closeThe euro has opened the new trading week strongly against the US dollar after the pair closed the week above its 200-day moving average. Bulls could target a major breakout above the 1.1400 level, with the 1.1440 and 1.1500 levels the major resistance areas to watch. If sellers move price back under the 1.1347 level the EURUSD pair could see a strong retrace back under the 1.1300 level. The EURUSD pair is only bearish while trading below the 1.1347 level, key support is found at the 1.1321 and 1.1290 levels. If the EURUSD pair trades above the 1.1347 level, key technical resistance is found at the 1.1400 and 1.1440 levels.
by OctaFX_Official
EURUSD PMI data up nextThe euro is struggling with the 1.1300 level against the US dollar ahead of the release of key PMI data from the eurozone economy this morning. Weaker than expected PMI data may push the EURUSD pair back towards the 1.1260 to 1.1245 support zones. Another key mover for the EURUSD will be the US PMI data later today, with a worse than expected number likely to be US dollar negative. The EURUSD pair is only bearish while trading below the 1.1260 level, key support remains at the 1.1245 and 1.1225 levels. If the EURUSD pair trades above the 1.1260 level, key technical resistance remains at the 1.1310 and 1.1360 levels.
by OctaFX_Official
Don't miss the great buy opportunity in EURUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.1270). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURUSD 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 63. Take Profits: TP1= @ 1.1315 TP2= @ 1.1345 TP3= @ 1.1450 SL= @ 1.1230
Long
by ForecastCity_EU
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1265. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1315. TP4: R2=1.1345. Set the stoploss of these orders at breakout of S2=1.125. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.125. In this situation, there is an expectation to reach the target S3=1.118. Set the stoploss of reverse orders at breakout of S1=1.1265. 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