Get started

Eurusd-3

EURUSD continues to fall into the fieldHello dear traders! Currently, the EUR/USD is holding higher but still below the 1.0600 level in Asian trading on Wednesday. The risk-off sentiment is dominating and weighing on the US Dollar, particularly in the face of optimistic data from China. Lagarde's speech and EU/US data are being closely watched. On the 4-hour chart, the price is well supported and is currently trading around the 1.0574 level. The current resistance level is around 1.0600, and breaking above that level will attract attention towards 1.0630. Closing the day above that level will pave the way for further gains. On the other hand, a drop below 1.0540 will weaken the outlook for the Euro, causing it to decline towards 1.0500.
by Samson-FX
EURUSD stays in bear’s jaws ahead of US Retail SalesEURUSD 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 immediate downside of the Euro pair. Following that, the monthly low of around 1.0450 will act as the final defense for the bulls before driving prices down towards the aforementioned channel’s bottom line, close to 1.0350 by the press time. Meanwhile, EURUSD recovery needs to defy the bearish channel pattern, by clearly crossing the 1.0600 hurdle, to convince the short-term buyers. Even so, a horizontal area comprising multiple levels marked since May, near 1.0620-35, will be a tough nut to crack for the bulls. It’s worth noting that a convergence of the 100-day SMA and the 200-day SMA, near 1.0830 at the latest, holds to key to the bullish trend. To sum up, the EURUSD remains within a bearish trajectory as markets await the Eurozone/German ZEW data and EU EcoFin Meeting, as well as the US Retail Sales. The same suggests that the outcome favoring the US Dollar, or weighing on the Euro, will have a clearer response than the otherwise.
by MTradingGlobal
Latest EURUSD analysis and update todayCurrently, the EURUSD exchange rate has regained momentum and risen to its highest level in two weeks, trading at 1.0625 at the time of writing. Since its last decline at 1.0447, the EU seems to have found support at this significant level. Currently, the price is approaching the resistance level at 1.0640. By maintaining its current upward momentum, there is a possibility of a sustained recovery up to 1.0680, with short-term price corrections along the way.
Long
by Samson-FX
EURUSD- price increaseHello wealthy entrepreneurs. USDJPY today continues to decline as predicted. The US dollar fell on Tuesday, along with expectations of US interest rates and a decrease in treasury bond yields. On the other hand, the Japanese yen increased slightly due to violence in the Middle East, supporting safe-haven buying. This week, we will receive important news that will impact EUR/USD, such as the FOMC minutes and US CPI. For this reason, buyers continue to push prices higher. Specifically, looking at the technical picture on the 1-hour timeframe, maintaining the short-term trend above 1.0530 indicates a retest of the uptrend and creates a support level to further drive up gold prices. The resistance level to closely monitor is at 1.0637.
Long
by Samson-FX
EURUSD recovery fades below key resistance surrounding 1.0630EURUSD 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 1.0620-35, appears a tough nut to crack for the bulls. Should the upcoming data fail to inspire the US Dollar bulls and allow the quote to cross the 1.0635 hurdle on a daily closing basis, a run-up toward the mid-September swing high of near 1.0770 can’t be ruled out. Following that, the 200-day SMA surrounding 1.0825 will be the last defense of the bears. On the contrary, the EURUSD pullback needs validation from the 21-day SMA level of 1.0600 and the scheduled data/events. Should the Euro sellers return, a fortnight-long horizontal support zone of around 1.0500 can test the bears before directing them to the yearly low of near 1.0450. In a case where the quote remains weak past 1.0450, the August 2022 peak of near 1.0370 and the late November 2022 low of near 1.0220 can lure the sellers. Overall, the EURUSD pair is likely to consolidate the previous monthly losses but the road towards the north is long and bumpy.
by MTradingGlobal
EUR/USD reaches the highest level in a week at 1,0600Yesterday, there was further upward movement in the Eurusd currency pair as anticipated. The Eurusd pair reached a weekly high at $1.0600 and is presently trading steadily at $1.0584, indicating a marginal weekly increase. Surprisingly, the US dollar experienced continued weakening on Friday, which provided strong support for the Eurusd pair to persist. According to the one-hour chart analysis, this particular currency duo is experiencing an expansion in its uptrend. Gold prices are expected to maintain their upward trajectory towards 1.061 before encountering resistance and potentially retracing towards 1.052 levels. On the flip side, if there is a breakout above 1.061 levels witnessed in this currency duo's price action, it would propel it further upwards towards 1.083 USD mark
by Samson-FX
EURUSD analysis todayGreetings, everyone! Presently, the EUR/USD pair is experiencing a favorable trajectory as anticipated, currently trading at 1.0544. The decline in value of the US dollar and the continuous support from US Treasury bond interest rates are contributing to the strength of this currency pair. When examining the technical analysis on a one-hour time frame, we can observe that this particular currency pair is predominantly trending upward. It is projected to potentially rise to 1.059 before retracing back to its support level at 1.057, followed by another significant surge in value.
Long
by Samson-FX
EUR/USD: The decline in pressure decreases above 1,0545 - UOBA few days ago (on October 3, at the spot rate of 1.0480), Samson emphasized that the EUR "is still in a downtrend phase and is likely to weaken to around 1.0430, possibly below 1.0400." The EUR dropped to 1.0447 and has since rebounded. The downward momentum is starting to slow down, and if the EUR surpasses the level of 1.0545 (with no significant change in 'strong resistance' from yesterday), it means that the level of 1.0430 will not appear during this period.
by Samson-FX
EURUSD pares losses within five-week-old bearish channelEURUSD 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. However, the top line of a downward-sloping trend channel established since August 30, close to 1.0575 by the press time, guards the immediate recovery of the pair. Following that, an 11-week-old descending resistance line and the 200-SMA, respectively near 1.0660 and 1.0700, will act as the final defense of the bears before giving control to the buyers. Meanwhile, the resistance-turned-support line stretched from September 20, surrounding 1.0530, puts a floor beneath the EURUSD price for the short term. In a case where the Euro pair drops below 1.0530, the 1.0500 round figure and the yearly low marked on Tuesday around 1.0450 will test the bears. Also acting as a downside filter is the bottom line of the aforementioned bearish trend channel, close to 1.0420 at the latest. Should the major currency pair remain bearish past 1.0420, and also break the 1.0400 threshold, a gradual south-run toward the late November 2022 swing low of around 1.0220 can’t be ruled out. Overall, EURUSD is likely to witness further recovery but the bearish trend prevails unless the quote stays beneath 1.0700.
by MTradingGlobal
Global Markets Face DownturnGlobal markets are experiencing a decline, with early indications suggesting that Wall Street may open lower. The Dow futures are down 129.00 points, the S&P 500 futures are declining by 19.50 points, and the Nasdaq 100 futures are sliding by 82.75 points as of 8:00 am ET. On Monday, the major US stock indexes mostly finished higher, with the Nasdaq gaining 0.7 percent, the S&P 500 inching up slightly, and the Dow slipping by 0.2 percent. Today, the Labor Department will release the Job Openings and Labor Turnover Survey (JOLTS) report for August, which could be a significant event. The consensus is for 8.75 million job openings, slightly lower than July's figure. Asian stocks also fell sharply today, with Hong Kong's Hang Seng index tumbling by 2.69 percent. Chinese markets remained closed for the holidays, and Japanese shares also declined. Australian markets dropped after the Reserve Bank of Australia kept interest rates steady but highlighted the possibility of further policy tightening to control inflation. European shares are also trading negatively, with France's CAC 40, Germany's DAX, England's FTSE 100, and the Swiss Market Index all declining. The Euro Stoxx 50, which represents leading companies in the Eurozone, is also down. Additionally, there will be a 52-week Treasury bill auction held later today.
by MilanTaMi
EUR/USD recovers to 1,0600, what is the conspiracy EURUSD?Hello everyone! Let's join Samson in exploring today's market! EUR/USD is currently battling with the 1.0600 level on its path to recovery during the European trading session on Tuesday. This currency pair is receiving support from the pause in the US dollar's rally and the low-interest rates of US Treasury bonds, as risk sentiment stabilizes. We are awaiting data from the United States. On a 4-hour chart, the support zone around 1.0560 may trigger a rebound. The levels at 1.0600 and 1.0630 have now become significant resistance levels. A decline below 1.0550 could lead to increased volatility and a higher likelihood of rapid price decreases.
by Samson-FX