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EURUSD under 1.1150 next big levelThe euro has struggled to move above the 1.1200 resistance level against the US dollar as ECB President Mario Draghi’s bearish comments continue to weigh on the single currency. The 1.1150 support level is the next support level to watch while the EURUSD pair continues to trade below the 1.1200 level. EURUSD traders now await the FOMC rate decision later today, which could spark huge volatility and move the pair into a new trading range. The EURUSD pair is heavily bearish while trading below the 1.1200 level, key technical support is found at the 1.1170 and 1.1150 levels. If the EURUSD pair trades above the 1.1200 level, buyers may test the 1.1245 and 1.1260 levels.
by OctaFX_Official
EURUSD looking at 1.1260The euro is on the rise against the US dollar in early Tuesday trade as bulls once again failed to breach the key swing-low, at 1.1200. The 1.1260 level remains the next upside target for EURUSD bulls, with the 1.1245 level the interim resistance barrier they need to clear. The four-hour time frame is also showing a large bullish pattern, with the 1.1500 level the overall upside target. The EURUSD pair is only bearish while trading below the 1.1218 level, key technical support is found at the 1.1207 and 1.1200 levels. If the EURUSD pair trades above the 1.1218 level, buyers may test the 1.1245 and 1.1260 levels.
by OctaFX_Official
EURUSD 1.1200 bulls lurkingThe euro has started the new trading week on the back foot against the US dollar after the pair suffered its worst one-day drubbing since March this year. Bulls now need to move the EURUSD away from the 1.1200 level and start to close the pair above the 1.1260 level ahead of the FOMC meeting. Weakness below the key 1.1200 level may prompt another technical test of the 1.1170 to 1.1155 zone. The EURUSD pair is only bearish while trading below the 1.1260 level, key technical support is found at the 1.1200 and 1.1170 levels. If the EURUSD pair trades above the 1.1260 level, buyers may test the 1.1280 and 1.1310 levels.
by OctaFX_Official
EURUSD 1.1260 breakdown supportThe euro currency has slumped to a fresh weekly trading lower against the US dollar after the pair broke through the 1.1280 support barrier. Sustained losses below the 1.1260 level may trigger the next heavy EURUSD sell-off towards at least the 1.1235 support zone. Worse than expected US retail sales data later today may help to send the US dollar index lower and give the EURUSD a boost back towards the 1.1300 level. The EURUSD pair is only bearish while trading below the 1.1300 level, key technical support is found at the 1.1260 and 1.1235 levels. If the EURUSD pair trades above the 1.1300 level, buyers may test the 1.1321 and 1.1347 levels.
by OctaFX_Official
EURUSD needs to make a new highThe euro has fallen back towards the lower end of its weekly trading range against the US dollar after bulls failed to move price above its former weekly trading high. The EURUSD pair is under technical pressure while trading back under the 1.1310 level and risks further losses towards the 1.1265 level. Overall, the US dollar index is starting to retrace last weeks losses, forcing majors lower against the greenback. The EURUSD pair is only bearish while trading below the 1.1310 level, key technical support is found at the 1.1280 and 1.1260 levels. If the EURUSD pair trades above the 1.1310 level, buyers may test the 1.1330 and 1.1347 levels.
by OctaFX_Official
Don't miss the great buy opportunity in EURCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.1205). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCHF 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 61. Take Profits: TP1= @ 1.1310 TP2= @ 1.1365 TP3= @ 1.1485 SL= @ 1.1120
Long
by ForecastCity_EU
EURUSD bulls still in chargeThe euro has made a quick recovery higher after briefly dipping below the 1.1300 level against the US dollar and finding strong buying demand just below the 1.1290 level. Buyers now need to break the former weekly higher and aim to close the daily candle above the EURUSD pairs 200-day moving average. Overall, the upside target for short-term bulls is likely to be the 1.1390 to 1.1410 area if weakness in the greenback persists. The EURUSD pair is only bearish while trading below the 1.1280 level, key technical support is found at the 1.1260 and 1.1230 levels. If the EURUSD pair trades above the 1.1280 level, buyers may test the 1.1360 and 1.1390 levels.
by OctaFX_Official
EURUSD 200-day still a struggleThe euro is holding onto most of Friday’s impressive gains against the US dollar in early week trade after the pair performed another impressive technical break. The EURUSD is struggling to surpass its 200-day, with the pair failing to close the daily candle above this key technical area. Corrective moves back towards the 1.1260 level still remain possible if bulls continue to struggle with the 1.1360 to 1.1370 technical zone. The EURUSD pair is only bearish while trading below the 1.1300 level, key technical support is found at the 1.1260 and 1.1230 levels. If the EURUSD pair trades above the 1.1300 level, buyers may test the 1.1360 and 1.1410 levels.
by OctaFX_Official
EURUSD 1.1321 next big levelThe euro has slipped back towards the key 1.1265 level against the US dollar after the pair briefly traded above the 1.1300 level following the ECB policy decision. The 1.1321 level is the key upside level to watch today, with the 1.1380 and 1.1410 key resistance above. The 1.1265 and 1.1230 levels are major intraday support following the EURUSD pairs rollercoaster ride lower on Thursday. The EURUSD pair is only bearish while trading below the 1.1230 level, key technical support is found at the 1.1200 and 1.1165 levels. If the EURUSD pair trades above the 1.1300 level, buyers may test the 1.1320 and 1.1380 levels.
by OctaFX_Official
EURUSD bearish correction underwayThe euro currency is undergoing a bearish correction against the US dollar after meeting strong selling interest from the 1.1300 resistance level. Additional weakness in the EURUSD is likely, with a technical test of the 1.1165 support possible if price moves below the 1.1200 level. Overall, profit taking and a downward correction in some technical indicators are weighing on the EURUSD in the near-term. The EURUSD pair is only bearish while trading below the 1.1200 level, key technical support is found at the 1.1180 and 1.1165 levels. If the EURUSD pair trades above the 1.1265 level, buyers may test the 1.1300 and 1.1325 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 (1.1255). 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 72. Take Profits: TP1= @ 1.1325 TP2= @ 1.1420 TP3= @ 1.1510 SL= @ 1.1200
Long
by ForecastCity_EU
EURUSD 1.1265 still the level to watchThe euro has advanced to a fresh monthly trading high against the US dollar following the release of much weaker than expected economic data from the United States economy. The EURUSD pair has firmed above the 1.1200 level, with bulls now needing to break above major technical resistance a the 1.1265 level. A bullish confirmed bullish breakout above the important 1.1265 level may trigger heavy technical buying towards the 1.1300 level. The EURUSD pair is only bullish while trading above the 1.1216 level, key technical resistance is found at the 1.1265 and 1.1300 levels. If the EURUSD pair trades below 1.1216 level, key technical support is found at the 1.1190 and 1.1165 levels.
by OctaFX_Official
EURUSD upside limited until ECBThe euro currency remains fairly well supported against the US dollar in early Monday trade, following a late-week sell-off in the US dollar index on Friday. The EURUSD pair could still recover above the 1.1200 level on weaker than expected US data later today, although the upside is likely to be limited until the ECB meeting. Bulls ideally need to negate the bearish pattern on the four-hour time frame, while bears need a strong move below the 1.1110 level. The EURUSD pair is only bearish while trading below the 1.1165 level, key technical support is found at the 1.1110 and 1.1060 levels. If the EURUSD pair holds above 1.1165 level, key technical resistance is found at the 1.1216 and 1.1230 levels.
by OctaFX_Official
EURUSD needs to bounceThe euro is holding towards the worst trading levels of the week against the US dollar in early Thursday trade after the pair fell through key support, at 1.1150, on Wednesday. The EURUSD pair now needs to bounce from the 1.1130 region or it risks further downside towards the 1.1110 level and possibly lower. Overall, bulls need to close the four-hour candle above the 1.1200 level to change the bearish short-term bias. The EURUSD pair is heavily bearish while trading below the 1.1130 level, key technical support is now found at the 1.1110 and 1.1080 levels. If the EURUSD pair trades above the 1.1165 level, key technical resistance is found at the 1.1182 and 1.1200 levels.
by OctaFX_Official
EURUSD bearish pattern foundThe euro currency is under pressure against the US dollar on Wednesday after the pair failed to find buying interest above the pivotal 1.1190 level. A bearish head and shoulders pattern is now evident across the one-hour time frame, with the EURUSD pair slipping towards neckline support. Key technical support for EURUSD below the 1.1165 level is now found at the 1.1130 level. The EURUSD pair is heavily bearish while trading below the 1.1165 level, key technical support is now found at the 1.1130 and 1.1110 levels. If the EURUSD pair trades above the 1.1165 level, key technical resistance is found at the 1.1190 and 1.1235 levels.
by OctaFX_Official
EURUSD 1.1165 upcoming supportThe euro is starting to retrace recent gains against the US dollar following renewed financial market fears about the Italian economy. Sustained weakness below the 1.1190 level will likely prompt a further technical test of the important 1.1165 support level. Overall, weaker than expected economic data coming from the United States economy is needed to boost the EURUSD pair higher. The EURUSD pair is only bullish while trading above the 1.1190 level, key technical resistance is found at the 1.1235 and 1.1265 levels. If the EURUSD pair trades below the 1.1190 level, key technical support is found at the 1.1165 and 1.1135 levels.
by OctaFX_Official
EURUSD bulls need to break 1.1265The euro is gaining traction above the 1.1190 level against the US dollar as the pair continues to benefit from weakness in the greenback. EURUSD bulls are now testing the pairs 200-period moving average on the four-hour time frame, with the 1.1235 level the next key resistance area to watch above. A sustained move above the 1.1265 level will likely trigger heavy technical buying towards at least the 1.1290 level. The EURUSD pair is only bullish while trading above the 1.1190 level, key technical resistance is found at the 1.1235 and 1.1265 levels. If the EURUSD pair trades below the 1.1190 level, key technical support is found at the 1.1165 and 1.1135 levels.
by OctaFX_Official
EURUSD bullish above 1.1190The euro currency has reversed direction against the US dollar, following much weaker than expected economic data from the United States economy on Thursday. The EURUSD pair has an intraday bullish bias while trading above the 1.1190 level and would only perform a key technical breakout above the 1.1265 level. Sentiment remains mixed ahead of the EU election result, while a weekly price close below the 1.1130 level will be taken as a bearish sign for the EURUSD pair. The EURUSD pair is bullish while trading above the 1.1190 level, key technical resistance is found at the 1.1230 and 1.1265 levels. If the EURUSD pair moves under the 1.1165 level, key technical support is found at the 1.1130 and 1.1100 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.12. TP4: R2=1.1225. Set the stoploss of these orders at breakout of S2=1.114. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.114. In this situation, there is an expectation to reach the target S3=1.1065. Set the stoploss of reverse orders at breakout of S1=1.116. 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
A trading opportunity to buy in EURCADMidterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5285 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low. A peak is formed in daily chart at 1.5180 on 05/09/2019, so more losses to support(s) 1.5010, 1.4915, 1.4820 and minimum to Major Support (1.4750) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (1.4820 to 1.4750). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.4820) Ending of entry zone (1.4750) 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 the 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= @ 1.4915 TP2= @ 1.5010 TP3= @1.5115 TP4= @ 1.5195 TP5= @ 1.5285 TP6= @ 1.5360 TP7=@ 1.5450 TP8= @ 1.5640 TP9= @ 1.6150 TP10= Free
Long
by ForecastCity_EU
EURUSD 1.1165 breakdown levelThe euro currency has fallen to a fresh weekly trading low against the US dollar after yet another technical failure above the 1.1200 resistance level. If EURUSD sellers can hold price the 1.1165 level the pair is likely to weaken towards the 1.1130 support level. Buyers will need to move price above the 1.1216 resistance level in order to change the bearish intraday sentiment towards the EURUSD. The EURUSD pair is heavily bearish while below the 1.1165 level, key technical support is found at the 1.1130 and 1.1110 levels. If the EURUSD pair moves above the 1.1190 level, key technical resistance is found at the 1.1216 and 1.1264 levels.
by OctaFX_Official