Get started

EURUSD-2

Update the latest EURUSD pair!EUR/USD has recovered after two consecutive days of losses, approaching the 1.0930 level in the Asian trading session on Tuesday. However, the pair faced resistance amidst cautious market sentiment ahead of the release of US Consumer Price Index (CPI) data. Market expectations suggest that the US CPI will increase from the previous month in February, although the annual rate is forecasted to remain unchanged. A strong CPI report could dampen the prospects of an imminent interest rate cut by the Federal Reserve, potentially strengthening the US Dollar (USD) and posing a challenge for the EUR/USD pair.
Short
by RKarina
3
EURUSD flirts with 1.0880-75 key support as Fed week beginsEURUSD remains pressured around 1.0890 early Monday, after posting the first weekly loss in four. In doing so, the Euro pair grinds near the 1.0880-75 support confluence comprising the 100-SMA and a five-week-old rising trend line amid the initial hours of the week comprising the key Federal Open Market Committee (FOMC) monetary policy meeting. It’s worth noting that an impending bull cross on the MACD and a below 30 level of RSI (14) suggest the pre-FOMC consolidation of the quote. However, the corrective bounce appears elusive unless buyers manage to cross a downward-sloping trend line from the monthly high, close to 1.0945 at the latest. Even so, the monthly top surrounding 1.0980 and the 1.1000 threshold will act as the final defense of the sellers. Meanwhile, a downside break of the 1.0880-75 key support will allow the EURUSD bears to attack the 200-SMA level of 1.0830. Following that, the 1.0790-85 and the 1.0730 levels could test the sellers before directing the prices toward the yearly low marked in February near 1.0695. In a case where the Euro remains bearish past 1.0695, the May 2023 low of 1.0635 and March 2023 bottom surrounding 1.0515 will provide intermediate halts during a likely south-run targeting the previous yearly low of 1.0448. Overall, the EURUSD pair stays on the bear’s radar even if the oscillators suggest consolidation ahead of the key FOMC.
by MTradingGlobal
EURUSD: Stuck in the falling price channel!Hello dear friends, today the stable recovery of the US Dollar (USD) has exerted new downward pressure on EUR/USD, extending its decline for the third consecutive session and revisiting the support level near 1.0900. The upward momentum is limited below the resistance level of 1.0935, as the current trend remains clearly bearish, indicated by the parallel channel on the chart. It is expected that this currency pair will continue to decrease further if it reaches the upper limit of the price channel as marked in the analysis. To find an opportunity for price increase, EUR/USD needs to break the current price channel. On the other hand, if unsuccessful, the next downward target for this currency pair will be at 1.090.
Short
by RKarina
EURUSD rebounds within a month-old bullish channelEURUSD picks up bids to 1.0930 as traders consolidate weekly loss amid a sluggish Asian session on early Wednesday. In doing so, the Euro pair recovers within a one-month-old bullish trend channel amid upbeat RSI and MACD conditions. It’s worth noting that Tuesday’s Doji candlestick adds strength to the quote’s corrective bounce. With this, the buyers are likely to retake control and can aim for the 1.1000 threshold as an immediate upside target. However, the aforementioned channel’s top line surrounding 1.1010 and the November 2023 peak of 1.1017 will test the pair’s further upside. In a case where the bulls keep the reins past 1.1017, the previous yearly high marked in December around 1.1140 will be in the spotlight. On the contrary, EURUSD sellers will have a hard time taking control as the stated channel’s bottom line joins the 21-bar Exponential Moving Average (EMA) to highlight the 1.0870 as a tough nut to crack for them. Even if the Euro bears manage to smash the 1.0870 key support, an ascending support line from October 2023, near 1.0750, will test the bears. Furthermore, lows marked in December 2023 and last month, respectively near 1.0720 and 1.0690, also act as downside filters before giving control to the sellers. To sum up, EURUSD buyers are likely to keep the reins even if the upside room appears limited.
by MTradingGlobal
EURUSD: Waiting anxiously!Hello dear friends! Today, EUR/USD is trading in a tight range below 1.0950 in the morning of Monday in Europe, extending its sideways movement in the context of a stable US dollar and mild risk sentiment. Traders are cautious about placing new bets on the major currency ahead of the US CPI data release on Tuesday. This will be a significant news that will directly impact the new trend of short-term scalpers, whether it is an upward or downward movement! On a personal note, RKarina expects this currency pair to experience a slight downward correction as the trend begins to move sideways and the upward momentum is limited. The support level at 1.087 is highly regarded in case it helps EURUSD regain momentum.
Short
by RKarina
EURUSD: Keep moving forward!Hello everyone, it's RKarina here again! Let's discuss and devise a strategy for the new day! The EUR/USD has gained momentum, pushing prices higher and creating an opportunity for a potential test of the psychological barrier at 1.1000. Increased selling pressure on the Greenback following the Non-Farm Payrolls report for February has provided this currency pair with additional upward potential. Currently, the EUR/USD is facing resistance at 1.098, but technical indicators and prospects still lean towards an upward movement. The level of 1.0960 (the Fibonacci retracement level of 61.8% of the latest downward trend) is considered the first resistance level for EUR/USD before reaching 1.1000 (psychological level) and 1.1035.
Long
by RKarina
EURUSD: Retesting the breakout zoneRKarina is delighted to meet you all again, to discuss and strategize for today! As expected, EUR/USD is testing its highest level in two months around 1.0950 during the Asian trading session on Friday. This currency pair gained ground on Thursday, supported by prospects of ECB movements and a weakening US Dollar following a dovish tone from Fed Chair Jerome Powell. The upcoming US NFP will be the focal point today, determining the moves for this currency pair. In the short term: Today, we prioritize selling as this currency pair undergoes a corrective trend after a significant rally. The pullback level is expected to be around 0.5 - 0.618 Fibonacci retracement (coinciding with the previous peak level for testing purposes).
Short
by RKarina
EURUSD Prediction for 01 MAR 24 upcoming weekEURUSD is one of the most traded Forex instruments with good volume activity. If we look at the chart: The market has been trading in the consolidation phase. Then it gave a breakout last week, 24th Feb. After that, the market has been in the range (1.07972 - 1.08576) bound situation. Case 1: The market is going to be sideways unless it's broken to the upside. Case 2: Once it breaks to the upside, it's going to give a nice bull trend till 1.09825 levels. it is showing a perfect entry level for a bullish position with Risk : Reward = 1:5 we can initiate a bullish position @1.08239 Reasons: Bullish Hammer formation at the support shows the market's bullish structure. Price ~ 200 EMA, which indicates the market is having an average price. RSI = 45 shows a weak bull sign. The market is not going to have a bullish momentum unless the RSI is broken 60 to the upside. Verdict: Bullish Plan of Action: Buy: 1.08238 SL: 1.07935 Target: 1.09835
Long
by finnova_
EUR/USD: rises to 5-week highRKarina greets everyone! Today, the EUR/USD is testing its highest bidding price since the end of January, quickly surpassing the 1.0900 level to touch 1.0915 before stabilizing slightly but still maintaining an upward trend since Wednesday. This currency pair is currently in a corrective wave, however, a successful close above the resistance level at 1.089 and receiving support from the 1.085 area has opened up more opportunities for price increases for this currency pair, with an immediate target of 1.093 after completing the trend correction.
Long
by RKarina
1
EURUSD pullback appears imminent but bulls stay hopefulEURUSD bulls take a breather at a six-week high as a rising wedge challenges the quote’s further upside. Apart from the stated bearish chart formation’s top line, the overbought RSI (14) line and sluggish MACD signals also challenge the Euro pair’s further advances. As a result, a pullback toward the 38.2% Fibonacci retracement of the pair’s December 2023 to February 2024 downturn, close to 1.0865, appears imminent. However, a convergence of the 100-bar and 200-bar Exponential Moving Average (EMA), as well as the aforementioned wedge’s bottom line, around 1.0830, appears a tough nut to crack for the sellers. In a case where the quote drops below 1.0830, it confirms a bearish chart pattern suggesting a theoretical target of 1.0610. During the likely fall, the lows marked in late 2023 and in the previous month, respectively near 1.0725 and 1.0700, could offer a breathing space to the bears. On the contrary, the EURUSD pair’s successful rejection of the rising wedge formation, by a clear upside break of the 1.0900 hurdle, could help it challenge the late January peak surrounding 1.0930. Following that, the 1.1000 psychological magnet and the yearly high of near 1.1040 and late 2023 top around 1.1140 will lure the Euro buyers. Overall, the EURUSD pair is likely to witness a pullback amid a lack of more incentive for the bulls. That said, the bearish trend, however, remains off the table until the quote stays beyond 1.0830.
by MTradingGlobal
EURUSD: Defending the 1.0800 support levelHello comrades, today the EURUSD trading session kicked off with little changes. The currency pair is still gradually increasing and trading below the 1.0850 level in the Asian trading session on Monday. The US dollar is regaining its footing as it trades in the opposite direction in the Asian market, creating a sense of caution. Investors are still concerned about an important week ahead, focusing on the ECB's interest rate decision and Powell's testimony. It is expected that this currency pair will continue to move sideways below the resistance level of 1.0856 before strong news impacts the trend as mentioned above. The support level of 1.080 continues to play a strong role for EURUSD during this time. Wishing you all a successful and enjoyable trading week!
by RKarina
EURUSD: Critical support level 1,080 remains strong!Hello everyone, let's discuss the new weekly strategy for EURUSD with RKarina! Yesterday, EURUSD continued to maintain a fairly stable trading level around the psychological threshold of 1.080. The currency pair received support once again from the 1.080 level, as it bounced back after touching this threshold. It seems that the buyers are still making efforts to protect this support level and demonstrating their notable strength. Currently, EURUSD has temporarily paused trading at 1.083 and is approaching a nearby resistance level. There is a high possibility of an increase in price as long as the 1.080 support level remains intact.
Long
by RKarina
EURUSD: Pay attention to defending 1.0800Hello dear friends, it's RKarina here again! What do you think about the next trend for this currency pair? EUR/USD remains stable, hovering around the 1.0850 level, especially after Tuesday's trading session, which saw minimal momentum for this currency pair due to a larger-than-expected drop in durable goods orders in the US for January. Now, all attention is focused on the upcoming release of US Gross Domestic Product (GDP) data on Wednesday. From the chart: EURUSD is currently in a corrective phase, facing downward pressure from sellers as it approaches the resistance level at 1.0888. The current support level is set at 1.079, with a notable possibility of price recovery in this area. Within the range of 0.5 - 0.618, buyers are closely monitoring this zone for opportunities to maneuver and compete in this currency pair.
Long
by RKarina
EURUSD snaps three-day losing streak but remains vulnerableEURUSD stays defensive around 1.0820 as it rebounds from the 50% Fibonacci ratio of the October-December 2023 upside. In doing so, the Euro pair prints the first daily gain in four while approaching the 200-SMA resistance surrounding 1.0830. Not only the 200-SMA but the 50-SMA level of around 1.0870 also challenges the pair buyers. Following that, the lat January swing high of around 1.0930 and the 1.1000 threshold will be the final defenses of the bears before welcoming the bulls. On the contrary, the 50% and 61.8% Fibonacci ratios around 1.0795 and 1.0710 respectively act as the strong downside support levels for the EURUSD. Also acting as the downside filter is the monthly low of around 1.0695, a break of which will divert the Euro sellers toward the October 2023 swing low of around 1.0450. That said, bullish MACD signals and the upbeat RSI conditions also challenge the quote’s further downside past the Golden Fibonacci Ratio, namely the 61.8% Fibonacci ratio. Overall, the EURUSD bears appear taking the rest but are still in the game even if the quote’s downside past 61.8% Fibonacci ratio needs a strong reason to lure the sellers. As a result, today’s Eurozone inflation numbers and PMI data will be important to watch for clear directions.
by MTradingGlobal
EURUSD - Stable trading above the psychological level of 1,080Hello everyone, let's discuss EURUSD today with RKarina! Currently, the EURUSD currency pair is trading quite calmly and there haven't been many price changes, with trading levels around 1.083 USD from the beginning of the week until now. Looking at the prospects from today's short-term analysis chart: This currency pair has experienced a pullback above the 0.5 - 0.618 Fibonacci level, indicating that the selling side seems to have an advantage during this period. However, it is still operating weakly as the price continues to hover and align with the two EMA lines, namely the 34 and 89. If everything goes well and meets expectations, after a slight sideways movement, this currency pair will aim for the next target at the resistance level of 1.086. Let's wait and see the results!
Long
by RKarina
AUDUSD LongFOREXCOM:AUDUSD 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 the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Long
by Phinics
1
EURUSD: SELL?The EUR/USD pair is trading with a softer tone as the US dollar (USD) modestly rebounds in early Asian trading on Monday. The market will be paying attention to the US PCE inflation data for January this week, which could cause some volatility. At the time of writing, EUR/USD is trading at 1.0818, down 0.01% on the day. With the possibility of forming a head and shoulders pattern and a bearish price, I expect that after the price receives support and increases to the specified level, it will decrease with the target specified on the chart.
Short
by RKarina
EURUSD: End of blue translationHello dear readers, it's RKarina here again. Currently, EURUSD has temporarily closed its trading activities and halted at the level of 1.081. It can be observed that the past week was a profitable trading week for buyers as the price was consistently supported and moved up from the newly established support level at 1.070. As a result, the risk sentiment has improved, making it difficult for the USD to regain strength and thereby creating some foundation and support for EURUSD. RKarina expects that this currency pair will continue to increase in price in the near future, aiming for the level of 1.091 as indicated by Fibonacci as a corrective phase following the retreat from the first marked wave. What are your thoughts on the future trend of EURUSD?
by RKarina
EURUSDHello everyone, today EURUSD has risen higher on Thursday, testing the highest bid price since early February before returning to the 1.0800 area after the European and US Purchasing Managers' Index (PMI) data came in slightly lower or contrary to expectations. With the ability to create DOW from the chart using Fibonacci retracement levels, the upward movement will soon reach resistance levels at 1.0865 and 1.0918, followed by a rapid decline with an expected touch level of 1.618, which is 1.0418. What about you, do you agree with me?
Short
by RKarina