EUR/USD: Will the ECB's Decision Determine the Future?Hello everyone! A new week is starting. Today, let’s join Alisa in predicting the EUR/USD currency pair.
The EUR/USD pair continues to face downward pressure amid escalating geopolitical tensions in the Middle East. Fears of a large-scale conflict in the region have increased demand for the USD, while reducing the appeal of risk assets like the Euro. The ECB’s upcoming policy decision on Thursday also adds to the selling pressure on this currency pair.
Looking at the 1-hour technical chart, the pair is fluctuating around the 1.0918 level, in a downtrend. With resistance at 1.0943 acting as a barrier, the EUR/USD pair is unlikely to break upward in the short term. If the pair breaks the 1.0920 support level, selling pressure could intensify, pushing the price to lower levels.
What are your thoughts on the EUR/USD pair today?
Eurusd-3
Russian-Ukraine conflict and U.S. inflation hold back EUR/USDHello everyone. Today, let's take a look at the EUR/USD pair!
The EUR/USD pair continues to face downward pressure as the U.S. inflation index came in higher than expected on Thursday, providing some support for the U.S. dollar and limiting the pair's upward momentum. This, combined with concerns over the European economic situation and the ongoing Russian-Ukraine conflict, has made the Euro less attractive. In the short term, EUR/USD could continue to decline if U.S. economic data remains positive.
Looking at the 4-hour chart, the pair is defending around the 1.093 level, still in a downtrend. Despite support at 1.090, the pair has been unable to break through the resistance at 1.099. The price of the pair is likely to reverse and move downward. At the same time, the EMA has also turned bearish, further reinforcing this analysis.
What about you? What do you think of this currency pair?
EURJPY LONGFOREXCOM:EURJPY
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!!!!
EURUSD: Bears focus on 1.0800 and US Inflation cluesEURUSD licks its wounds at the lowest level in eight weeks as traders await September's US Consumer Price Index (CPI) data, especially after the previous day’s FOMC Minutes drowned the Euro pair.
Bears keep the driver’s seat
Apart from the US Dollar’s run-up post-Fed Minutes, the EURUSD pair’s confirmation of “Double Tops” bearish chart formation and a clear break of a 15-week-old rising support line add strength to the downside bias.
It’s worth noting, however, that the oversold RSI (14) line and sluggish MACD signals challenge intraday sellers, along with the pre-data consolidation.
Key technical levels to watch
The 50% Fibonacci level from the EURUSD’s June to September rise, around 1.0940, limits immediate downside. The next significant support is at the 61.8% Fibonacci retracement near 1.0870, known as the “Golden Fibonacci Ratio.” If the price breaks below 1.0870, it could lead to a drop toward the bearish target from the "Double Tops" pattern, around 1.0800.
On the upside, the EURUSD recovery is unlikely unless it surpasses the 1.1010 level. The previous support line, now acting as resistance, is near 1.1000. In a case where the Euro buyers manage to stay onboard past 1.1010, the 23.6% Fibonacci retracement and the double tops, respectively near 1.1085 and 1.1200, will be on their radars.
Further downside expected
While an oversold RSI and potentially softening US inflation data may pose challenges for US Dollar bulls, EURUSD bears remain encouraged. The confirmation of a bearish chart formation, combined with the European Central Bank's (ECB) more dovish stance compared to the Federal Reserve (Fed), keeps the sellers optimistic about further declines.
EUR/USD: Continuing to Decline or Approaching a Turning Point?Hello everyone. How are you all today? Let's join Alisa in analyzing the EUR/USD pair!
The EUR/USD pair continues to slide and is nearing an 8-week low of 1.0960 due to the strong rise of the USD. Positive U.S. job data has reinforced expectations that the Fed will continue to raise interest rates, pushing the USD index to new highs. Additionally, geopolitical tensions in the Middle East have also enhanced the appeal of the USD as a safe-haven asset.
Looking at the 1-hour chart, the 1.097 resistance level is proving too strong for the Euro. If this level is not surpassed soon, the Euro may test the 1.095 support level. It could even break this support and fall further.
This is Alisa’s analysis. What do you think about this currency pair?
EURUSD SHORT - 1H TIMEFRAMEFOREXCOM:EURUSD - 1H
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!!!!
EUR/USD: A Buying Opportunity or a Selling One?Hello everyone, it's Alisa here. How is your new week going? Today, let's analyze the movements of the EUR/USD pair together!
The EUR/USD pair has experienced a volatile trading week with seven consecutive declining sessions, hovering around the 1.0965 level. Selling pressure continues to weigh heavily on this pair as the USD keeps strengthening significantly. The U.S. employment data released last week has reduced expectations for a sharp interest rate cut by the Fed, thus reinforcing the strength of the USD and putting pressure on the EUR/USD pair.
Alisa observes that the resistance level at 1.118 serves as a crucial testing point for EUR/USD. If it fails to break through this level, the price may reverse and even break below the support level of 1.095.
That’s Alisa's analysis of the EUR/USD pair today. What do you think?
EU: Monitoring for Buy Opportunity Despite Friday's Sharp DropAfter last Friday's strong news event, the EUR/USD experienced a significant sell-off, pushing price further into the key demand zone between 1.1000 - 1.1050 on the daily chart. However, despite the heavy bearish pressure, the daily candle is yet to close, leaving room for a potential bullish reaction within this critical support area.
Key Points:
Demand Zone: Price is still within the major support zone that has historically provided strong buying interest.
Wait for Confirmation: Although the sell-off has been aggressive, we remain patient. A clear bullish reversal pattern (e.g., bullish engulfing or pin bar) on lower timeframes (H4 or H1) will serve as our entry signal.
Caution: Given the volatility from recent news, risk management is crucial. We will only initiate a BUY position once price action confirms a reversal.
Trade Setup:
Entry: Upon confirmation of bullish structure in the demand zone.
Stop Loss: Below 1.0950 to protect against further downside.
Target: Initial target at 1.1150, with room to adjust based on momentum and market conditions.
We remain cautious yet optimistic about a potential bounce from this area, but the confirmation of a strong pattern is essential before entering the trade.
FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
Where Will EUR/USD Head After U.S. Employment Data?Hello everyone, it's me, Alisa again. Will the EUR/USD pair rise or fall today? Let's make a guess together!
The strengthening USD has put pressure on major currency pairs during this morning's trading session. The market is currently in a wait-and-see mode, anticipating U.S. employment data to make the next trading decisions. This report is expected to provide deeper insights into inflation and the Federal Reserve’s monetary policy.
The EUR/USD pair is fluctuating at 1.1027, with the EMA showing a bearish reversal. If the pair encounters resistance at 1.107 and fails to break through, it will reverse and decline. In that case, the support level at 1.102, which has played an important role in the past, may continue to serve as a key point for this pair. However, if selling pressure increases and other technical indicators also send negative signals, this support level could be broken.
These are Alisa's thoughts. What about you? What do you think?
EUR/USD Analysis: Potential Buy Opportunity at Key Demand ZoneThe EUR/USD is currently testing a strong demand zone on the daily timeframe, located around 1.1000 - 1.1050. This area has consistently acted as a key support level in recent price action, offering potential for a bullish reversal if market conditions align.
Key Technical Factors:
Demand Zone: The price is approaching the major support region after multiple retests, suggesting that buyers could step in soon.
Bullish Setup Confirmation: Wait for clear reversal patterns such as a bullish engulfing or pin bar on lower timeframes (H4 or H1) to confirm entry. Only initiate a BUY position once a strong reaction is seen.
Trade Plan:
Entry : On confirmation of a bullish price action pattern.
Stop Loss: Below the 1.0950 level to manage risk.
Target: First target at 1.1150, with potential for further upside depending on momentum.
This setup aligns with the market's technical structure, but patience is key for a safer entry. Let's see how the price reacts!
FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
EURUSD: Bears seek confirmation from “Double Tops” and US NFPEarly Thursday, EURUSD prints a five-day losing streak, reaching its lowest point in three weeks. The Euro pair traders are holding their breath for the September US employment report, especially after strong data from ADP and hawkish comments from Fed Chair Jerome Powell.
Sellers approach key supports
In addition to strong US data and hawkish remarks from Fed Chair Powell, softer inflation in the Eurozone is adding pressure on the EURUSD pair. A clear drop below the 50-bar Exponential Moving Average (EMA) keeps bearish sentiment alive. Plus, the lack of an oversold RSI (14) and bearish signals from the MACD suggest further weakness ahead.
Important levels to watch
With the EURUSD pair breaking below the 50-EMA and facing bearish technical and fundamental factors, it looks poised to test the previous monthly low around 1.1000. However, a six-month-old support line will likely challenge sellers around 1.0980. Importantly, the convergence of the 100-EMA and an ascending support line from late June, near 1.0960, is a crucial level to monitor. A drop below this level could push prices toward the target of the “Double Tops” pattern, around 1.0800.
Alternatively, the 50-EMA around 1.1045 serves as the immediate barrier for any recovery in the EURUSD pair. If the bulls can break through this level, they’ll face further resistance at 1.1100 and the “Double Tops” around 1.1200. A push above 1.1200 would challenge the current bearish trend and open the door for buyers to target the 2023 peak of approximately 1.1275.
Bears reign is about to be challenged
Overall, the EURUSD pair looks bearish in the short term, but there’s limited downside potential before reaching crucial technical levels. This means upcoming data and events will play a vital role in determining the next move.
The Dollar Takes the Lead, Euro StrugglesHello everyone! Let's discuss the movements of the EUR/USD pair today!
EUR/USD continues its downward slide today, dropping for three consecutive weeks as the USD strengthens. Investor sentiment has shifted towards safe-haven assets after Fed Chairman Powell's hawkish remarks and escalating tensions in the Middle East. This has put pressure on the Euro.
Technical analysis suggests that if EUR/USD holds the support level at 1.101, the pair could potentially rebound and test the resistance level of 1.118. However, given the current geopolitical tensions, the likelihood of EUR/USD breaking through this resistance and maintaining an upward momentum is quite limited. On the other hand, if it fails to surpass 1.118, EUR/USD may reverse and even break below the support level of 1.101.
What an unexpected day! This is Alisa's take, what about yours?
EUR/USD Breakout Towards 1.1300Currently, EUR/USD is in a consolidation phase after a recent rally. The price is fluctuating between support at 1.10835 and resistance at 1.12106.
The price has broken below the 34 EMA and is testing lower levels, indicating a short-term bearish trend.
Technically, key support is at 1.10835, representing the recent low. Resistance is at 1.12106, marking the nearest high.
A breakout scenario may occur around the 1.11438 region. If the price breaks through this level and continues past resistance at 1.12106, there is a high chance of a strong rally up to 1.1300.
Recently released inflation data will significantly impact EUR/USD. If inflation comes in higher than expected, it could support the Euro's rise.
The New Week Begins with Positive Signals for EUR/USDHello everyone. Let’s take a look at the movement of the EUR/USD pair in this Monday morning trading session.
The EUR/USD pair opened the new week at 1.1159, indicating an upward trend. The weakening of the US dollar, driven by expectations of the Fed easing monetary policy, has supported the Euro’s rise. Additionally, recent economic data from the Eurozone has also shown positive signs.
The currency pair is displaying an upward trend within a price channel. With solid support at 1.115, breaking through the resistance level at 1.120 will confirm the uptrend and open opportunities for higher price targets. Once the old resistance level is broken, it will become new support, reinforcing the upward momentum.
What about you? What are your targets for EUR/USD in the near future? Share your thoughts with me!
EURUSD Fluctuates, Downside Risks Increase!Hello everyone, today let's take a moment to reflect on the movements of EURUSD. Will it rise or fall? Here are some detailed insights and analysis from Alisa regarding this currency pair.
Currently, the uptrend of EURUSD has weakened, with the price fluctuating at 1.1159, down 0.15%. With the upcoming Fed meeting, the market is very cautious. If the Fed signals an interest rate hike, this could put pressure on the Euro and push the pair lower.
Looking at the chart, the trend seems to be shifting to a sideways move and possibly a decline. With support at 1.114, the pair will test resistance at 1.119. If it fails to break this resistance, the pair is likely to drop further.
That’s my analysis, what do you think?
EUR/USD: Break $1.12009 Resistance or Correct?The EUR/USD chart from September 26 reveals a dramatic race between buyers and sellers. After reaching $1.11540, all focus is now on the tough resistance at $1.12104 — the barrier that will determine whether EUR/USD can continue to break out.
The support level at $1.11172 acts as a strong shield, maintaining the upward momentum.
If this resistance is broken, the pair could unlock potential for new highs.
In this context, any shifts from Fed statements or Eurozone economic data could dramatically alter the outcome.
EUR/USD Likely to Decline: Is This an Opportunity for Investors?Hello everyone, I’m Alisa. Today, let's take a look at the situation of the EUR/USD currency pair!
Today, EUR/USD was unable to maintain its recovery momentum and continued to fall to the 1.1140 level. This pullback during the short-term consolidation occurred as the market pivoted, driving the U.S. dollar higher.
Looking at the technical chart, it's highly likely that the price will hit the support level at 1.100 and then rise to test the resistance at 1.118. If it fails to break through this resistance, the price may reverse and fall again. Investors should closely monitor technical indicators and economic events to find trading opportunities.
So, what do you think about the outlook for the EUR/USD pair in the near future? Will the Euro recover or continue to weaken? Feel free to share your thoughts!
EURUSD: Bulls need validation from 1.1200 and Fed Chair PowellEURUSD is gaining support after falling from a 14-month high, as buyers wait for comments from US Federal Reserve (Fed) Chairman Jerome Powell.
Upside remains favored
The EURUSD pair is holding above a two-week rising support line and the 200-SMA, along with an upward trend line from late June, which keeps buyers optimistic. The steady RSI (14) also indicates a slow upward movement.
Technical levels to watch
Even with key support levels helping the EURUSD pair and the RSI suggesting an upward trend, the bulls may struggle to break through the horizontal resistance around 1.1200. If they succeed, the next targets could be the 50% and 61.8% Fibonacci Extensions (FE) of the pair’s August-September moves, respectively near 1.1215 and 1.1265. The previous yearly high around 1.1275 is a crucial point for the bears; if that breaks, prices could reach the 2022 peak of 1.1495.
Meanwhile, EURUSD sellers should look for a clear drop below the immediate rising support line around 1.1125 to enter the market. However, the 200-SMA and a three-month trend line near 1.1080 and 1.0950 will be important obstacles for sellers. If the price stays below 1.0950, it could fall further toward the previous monthly low of 1.0780.
Charts, Powell in the spotlight
Along with the technical factors, comments from Fed Chair Powell will be important for EURUSD bulls. The recent rise is driven by market expectations of two more 0.50% rate cuts from the US central bank in 2024. If Powell dismisses these expectations, which seems unlikely, a downward reversal in Euro prices could happen.
EUR/USD: Break $1.1253 Resistance or Await a Pullback?EUR/USD is currently climbing around $1.11950, strongly supported by two solid "fortresses" at EMA 34 and EMA 89, located at $1.11390 and $1.11107.
A clear uptrend has formed, with solid support at $1.10864, ensuring the momentum remains intact.
The key focus now is on the critical resistance at $1.1253 — the gatekeeper determining whether the uptrend can break through to new highs.
With significant economic factors from the US and Europe on the horizon, including key Fed speeches and PMI data, the market may experience sharp volatility.
Traders should be ready for action: will you seize the breakout opportunity or wait for a pullback to enter at an optimal level? Opportunity favors the prepared!
Weakening of the USD: Will EUR/USD continue its uptrend?Hello everyone, Alisa here! Today, let’s analyze the EUR/USD currency pair together!
The weakening of the Greenback, amidst growing speculation about a significant rate cut by the U.S. Federal Reserve (Fed) in November, has strongly supported the EUR/USD pair, pushing it up to 1.1193.
Looking at the technical chart, we can see that both the EMA 34 and EMA 89 have experienced a crossover, which is a positive sign that the uptrend may continue. Additionally, with support at 1.115, this pair could break through the resistance at 1.119 and continue to rise. However, if it fails to break this resistance level, the price may reverse back to the nearest support level.
This is my opinion, what about you? Do you think this pair will rise or fall?
EMAs Support Bullish MomentumEUR/USD is showing signs of recovery, with the price trading near the resistance at 1.1200. The 34 EMA and 89 EMA have both undergone a crossover phase, which is usually a positive signal, suggesting that the bullish momentum could continue. The current chart shows the pair breaking out from lower levels, heading towards the resistance levels above.
Based on the current EUR/USD chart and the bounce from recent support levels, the prediction is that the pair could continue to rise in the short term. The crossover of the 34 EMA and 89 EMA, coupled with the price currently testing the resistance zone around 1.1200, suggests that the bullish momentum could continue. If the price successfully breaks above 1.1200, the next target could be the 1.1250 area.
Disappointing PMI Data: EUR/USD Loses Upward MomentumHello everyone, it's Alisa here. Today, let's explore how the EUR/USD currency pair is fluctuating!
The EUR/USD pair has ended its upward momentum, continuing to decline today. This drop occurred after the release of PMI data, which showed that economic activity in the Eurozone is slowing down, while the U.S. data was only slightly better.
On the 1-hour chart, the pair might gain upward momentum from the support level at 1.109. However, it is likely to soon reverse due to resistance around 1.113, along with confirmation of a reversal by the EMA 34 and 89. Therefore, the downtrend could continue.
That’s Alisa’s analysis. What about you? What do you think?
EUR/USD: Breakout or Pullback Amid Volatility?EUR/USD is "hovering" around 1.11636, with a significant "barrier" at 1.11826 and a key "support" at 1.11034.
The widening Bollinger Bands signal that a wave of volatility could strike at any moment.
RSI is at 59.09, indicating strong buying pressure, but still has room before entering overbought territory.
If EUR/USD breaks past 1.11826, it could continue its upward surge, but failure to do so might lead to a pullback towards 1.11034.
The "winds" of inflation data and interest rates from the Eurozone and the US will shape the next move!