- Eur/USD is currently trading in a consolidation phase - I think it's currently in a no-trade zone - We can see a Liquidity grab anywhere either from the supply or the demand zone - IMO I think the price action looks more bearish
EURUSD remains mildly bid within a 10-week-old bullish channel as market players seek more clues to justify the previous day’s strong US inflation report, as well as comforting comments from ECB President Christine Lagarde. That said, the 21-SMA and Thursday’s Doji prods the Euro bulls amid bearish MACD signals. Even if the pair buyers manage to cross the 1.0985...
EURUSD dropped the most in three weeks on Tuesday after a downside break of an ascending trend line from mid-November and the 50-SMA. Adding strength to the downside bias are the bearish MACD signals. However, the nearly oversold RSI (14) line joins the 100-SMA support of 1.0935 to restrict short-term declines of the Euro pair. Even if the pair slides beneath...
EURUSD remains firmer at the highest level since late July while justifying the previous day’s upside break of a four-month-long previous key resistance line, now support around 1.1040. Adding strength to the upside bias are the bullish MACD signals and broad fundamental weakness of the US Dollar, especially amid the Fed rate cut concerns. The same suggests the...
EURUSD seesaws within a week-long bullish pennant formation, bracing for the second weekly gain, as markets await this week’s key US data. Not only the bullish pennant but the bullish crossover of the 50-SMA to the 100-SMA also keeps the Euro buyers hopeful. It’s worth noting, however, that the RSI and MACD fail to inspire the pair bulls. As a result, a fresh long...
EURUSD prints a four-day winning streak while refreshing the monthly high around 1.0915 as traders await the European Central Bank’s (ECB) monetary policy announcements on early Thursday. The Euro pair’s latest recovery takes clues from the US Federal Reserve’s (Fed) dovish halt, as well as the upbeat RSI and MACD signals. Adding strength to the upside bias is the...
- The Euro still looks bullish when compared to the USD - The USD has shown some huge downside, now we can expect some relief and bounce back - The Euro still shows signs of bearishness IMO. - The Euro can rip your longs if you are looking for one, prefer setting up long-only bias once the base is set and the trend in intact.
EURUSD floats above 100-SMA on early Monday, after posting the first weekly loss in three. However, the quote remains well below the key resistance confluence surrounding 1.0930, which comprises the 50-SMA, the bottom line of a monthly bullish channel and a downward-sloping trend line from November 29. It’s worth noting that the RSI rebound from the oversold...
EURUSD portrays a corrective bounce from the weekly low, snapping a two-day losing streak, as the pair traders await speeches from European Central Bank (ECB) President Christine Lagarde and Federal Reserve (Fed) Chairman Jerome Powell, scheduled late Friday. In doing so, the Euro pair reverses pullback from a five-month-old horizontal resistance as the RSI (14)...
EURUSD hovers near the highest level in 14 weeks, recently picking up bids to reverse the previous day’s pullback from the 61.8% Fibonacci retracement of the July-October downside, also known as the Gold Fibonacci ratio. Apart from the key Fibonacci ratio surrounding 1.0965, the overbought conditions of the RSI (14) line also challenge the Euro buyers. It should,...
EURUSD consolidates the previous losses within a six-week-old rising channel, forming part of a multi-day-long bearish flag chart formation, currently between 1.0760 and 1.0590. It’s worth noting that the firmer RSI (14) line, not overbought, joins the bullish MACD signals to favor the Euro pair’s further recovery towards the 1.0760. However, a convergence of the...
Softer prints of the Eurozone inflation joined the overall risk-off mood and slightly upbeat US data to drag the EURUSD pair down on Tuesday. Adding strength to the bearish bias are the hopes of witnessing one more rate hike from the US Federal Reserve (Fed) during 2023, as well as the bearish MACD signals and steady RSI. However, a one-month-old ascending trend...
EURUSD stays within a three-month-old bearish trend channel despite rising the most in October the previous day. Adding strength to the bearish bias is the looming bear cross between the 100-day SMA and the 200-day SMA, as well as the steady RSI (14) line. However, three-week-long horizontal support surrounding 1.0500 joins the bullish MACD signals to restrict the...
EURUSD bulls struggle at a weekly high while waiting for inflation clues from Germany and the US, as well as the Fed Minutes, on Wednesday. That said, an upside break of the 21-day SMA and bullish oscillators keep Euro buyers hopeful. However, a three-month-old falling resistance line and a horizontal region comprising multiple levels marked since late May, around...
EURUSD stays defensive within a short-term bearish chart pattern after recovering from the Year-To-Date (YTD) low in the last two consecutive days. The corrective bounce also crossed a two-week-long falling resistance line and gains support from the bullish MACD signals, as well as the upbeat RSI (14) conditions, to suggest the Euro pair’s further advances....
EURUSD pares weekly losses ahead of the key inflation data from the Eurozone and the US. In doing so, the Euro pair rebounds from horizontal support comprising lows marked since November 2022, around 1.0485-80, as the RSI (14) takes a U-turn from the oversold territory. The same joins the looming bull cross on the MACD to direct the pair towards the nine-month-old...
EURUSD fades bounce off an ascending support line stretched from early January as market players brace for the US Federal Reserve (Fed) monetary policy announcements on Wednesday. It’s worth noting, however, that the RSI (14) line is nearly oversold and the MACD flags bull cross, which in turn favors the Euro pair’s sustained trading beyond the stated support...
EURUSD braces for the first weekly gain in nine as markets await the key European Central Bank (ECB) Interest Rate announcement. In doing so, the Euro pair extends the previous week’s rebound from the 78.6% Fibonacci retracement of March-July upside, near 1.0680 by the press time. The corrective bounce also gains support from a looming bull cross on the MACD...