EURUSD maintained its bearish momentum on Friday and the pair formed a cup-in-hand pattern on the 1-hour chart with consolidation around 1,069. The outlook remains further bearish after the pattern completed and broke the 1,067 support level.
EUR/USD took a familiar dip this Thursday, retreating to the 1.0700 mark as a lack of economic data from the US supported the Greenback. As we head into Friday, markets are set for a data-heavy series, including Purchasing Managers' Index (PMI) figures for both the EU and US The outlook remains bearish with the model The price wedge remains intact and the...
On Wednesday, EUR/USD experienced an uptick as the U.S. markets took a mid-week holiday break. As we move into the second half of the trading week, investors are looking ahead to the Friday PMI data for meaningful insights that could steer market sentiment. Despite the recent recovery, uncertainty lingers. The pair is still facing significant resistance and a...
Today, EURUSD remains confined within a descending wedge pattern. Key technical indicators, including the trendline and EMA, continue to favor a bearish outlook for investors. As long as the upper boundary of the wedge holds, the selling trend strategy remains the preferred approach with high expectations.
Hello traders! 👋 As we approach the end of the trading week, EURUSD remains in the red on this Friday, currently hovering around the 1.071 mark. The outlook remains bearish as the pair continues to trade within a tightening wedge pattern, and both the EMA 34 and EMA 89 are favoring the sellers. Key Observations: Current Level: EURUSD is trading near 1.071,...
EURUSD lacks clear directions early Thursday after rising in the last three consecutive days. In doing so, the Euro pair fades Friday’s rebound from an upward-sloping support line stretched from October as sentiment dwindles amid the return of full markets after the previous day’s Juneteenth holiday in the US. Apart from the struggle to defend the recovery,...
Hello everyone! What is your opinion? In today's analysis, I will focus on the bearish price movement of this currency pair. Currently, EURUSD is trading around 1.073, continuing the downward correction wave, with support From a technical standpoint, factors such as trend lines, support and resistance levels, and EMAs 34 and 89 all favor sellers. This fits well...
EUR/USD remains in a daily range above 1.0700 during the European session on Tuesday after closing in positive territory on Monday. Mixed ZEW sentiment data from Germany and the Eurozone makes it difficult for the Euro to find demand as the focus shifts to US data. Looking from the technical picture, the downward momentum is kept intact with the trend still...
Hello fellow EURUSD trading lovers! Today, we see EURUSD continuing its downtrend, with the price currently hovering around 1,080. -Market summary: Yesterday's developments: After this news, EURUSD quickly skyrocketed and filled the gap but could not maintain a long-term increase. Technical outlook: Price Pattern: The pair is trading in a narrowing wedge...
Hey everyone, What are your thoughts on EURUSD today? Looking at the 4-hour chart, EURUSD is currently in a recovery phase. The pair is filling the GAP and completing a retracement to the 0.5 - 0.618 Fibonacci levels. As of now, the price is sitting at 1.0759, reflecting a 0.05% increase for the day. It's expected that after completing this retracement, the...
Dear friends! Currently, EUR/USD is flat, staying just below the 1.0750 level during Wednesday's Asian session. With upcoming US CPI data and Federal Reserve policy announcements, it is best to avoid placing new bets on this currency pair until we see how these events play out. They are likely to significantly influence the performance of the US Dollar. If the...
EURUSD licks its wounds at the lowest level in six weeks as the pair traders await the US Consumer Price Index (CPI) for May and the Federal Open Market Committee (FOMC) meeting of the US Federal Reserve (Fed). Also important are the final readings of Germany’s inflation data for May and speeches from a slew of European Central Bank (ECB) officials. In doing so,...
I opted to enter for short on this pair. Stop-loss orders have their place, and I trusted my eyes more than my heart. Short Bias for the upcoming week. - --------------- **First Scenario - Short:** First Target: $1.0825 First Target: $1.0805 Entry: $1.0851 Stoploss: $1.0854 **Second Scenario - Long:** Initial Target: $1.089 Entry: $1.0854 Stoploss:...
EURUSD is one of the most traded Forex instruments with good volume activity. If we look at the chart: EURUSD has broken to the upside and can now give really good targets to 1.12 levels. EURUSD has broken the symmetrical triangle pattern to the upside. Also, it has received support from 200 EMA, which is a good sign of bullishness. One can trade EURUSD...
EURUSD prints the first daily gains in three while approaching the top line of a two-month-old rising wedge bearish chart formation. Apart from the 1.0920 upside hurdle comprising the stated resistance line, the European Central Bank’s (ECB) widely expected rate cut also poses a challenge to the major currency pair’s further upside. Additionally, the sluggish MACD...
EURUSD marked the biggest daily gain in a week the previous day while bouncing off the 200-SMA as the Eurozone data came in overall positive while the US statistics mostly disappointed. Also allowing the Euro pair to rebound from the key SMA level is the consolidation ahead of today’s first readings of the EU inflation data and the US Core Personal Consumption...
FOREXCOM:NAS100 Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
FOREXCOM:US30 Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...