EURUSD hovers near the highest level in 14 weeks, recently picking up bids to reverse the previous day’s pullback from the 61.8% Fibonacci retracement of the July-October downside, also known as the Gold Fibonacci ratio. Apart from the key Fibonacci ratio surrounding 1.0965, the overbought conditions of the RSI (14) line also challenge the Euro buyers. It should,...
EURUSD appears all-set for the weekly gain even if a three-month-old descending resistance line and the overbought RSI (14) restrict the pair’s immediate upside. It’s worth noting that the bullish MACD signals and the quote’s successful trading above the key Fibonacci retracement ratios, as well as the SMAs, keep the buyers hopeful. That said, the 61.8% and 50%...
Hello everyone! EUR/USD is facing downward pressure and has dropped below 1.0700 during Thursday's trading session in the US. The currency pair remained relatively quiet at the start of Friday, while technical prospects indicate a slight downward trend. From the 4-hour chart, we can observe that EUR/USD has extended its upward trend, but a completed 5-wave...
The EUR/USD pair is extending its sideways consolidation trend in Tuesday's trading session and is trading below the 1.070 level. However, the price is still attempting to hold above the 1.0700 level and is dependent on the price dynamics of the US Dollar (USD). The US Dollar Index (DXY), which tracks the greenback against a basket of currencies, has rebounded...
currently price is not in good place to make long trades we have one medium time frame resistance and two bearish order block coming in way let the price pullback to the level of 1.0575 & 1.05180 for long initating and can have the target of 1.07800 with good risk to rewards
EURUSD consolidates the previous losses within a six-week-old rising channel, forming part of a multi-day-long bearish flag chart formation, currently between 1.0760 and 1.0590. It’s worth noting that the firmer RSI (14) line, not overbought, joins the bullish MACD signals to favor the Euro pair’s further recovery towards the 1.0760. However, a convergence of the...
Hello everyone, EURUSD has experienced a significant increase in the previous week, with a price surge surpassing the 1.070 level. It is currently trading at a new high of 1.072, the strongest increase since mid-June. Regarding the influencing factors: The daily market drivers for this currency pair include the general weakness of the USD due to the Federal...
Hello everyone! The EUR/USD pair has risen by more than 10580 during the early Asian trading session on Thursday. The US dollar (USD) weakened after the Federal Open Market Committee (FOMC) policy meeting, providing some support for the major currency pair. Currently, EUR/USD is trading around 10597, up 0.26% for the day. My perspective is that after reaching...
Dear readers, the EUR USD trading has been unstable and uncertain in the past few days, currently hovering around 1.062 with a slight increase today. However, the recovery of the USD is putting pressure on this currency pair. The Euro is facing a suitable resistance zone around 1.063. What do you think about the potential decline reaching the limit of the price channel?
FOREXCOM:EURUSD 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...
Softer prints of the Eurozone inflation joined the overall risk-off mood and slightly upbeat US data to drag the EURUSD pair down on Tuesday. Adding strength to the bearish bias are the hopes of witnessing one more rate hike from the US Federal Reserve (Fed) during 2023, as well as the bearish MACD signals and steady RSI. However, a one-month-old ascending trend...
Dear friends, Let's explore the market with Samson today! Moving away from the upward trend, the EUR has lost momentum in today's trading session. This is due to the strength of the US dollar. Attention has now shifted to the meeting of the European Central Bank (ECB) and economic data from the United States. In terms of technical analysis: The price is...
Dear valued readers! The EUR currency market has experienced a decline on Tuesday, giving up all the gains from Monday, following stronger-than-expected US PMI data and continued challenging growth prospects in Europe. At the time of writing, EURUSD is trading at 1.058. Another note, the prospect of reduced inflation and impending recession ensures that the...
FOREXCOM:EURUSD 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...
Dear friends, Yesterday, EUR increased by 0.71% and closed at its highest level in over a month. This price increase is accompanied by strong upward momentum and the continued strength of EUR is evident today. However, any increase may encounter strong resistance at the level of 1.0700. The main resistance level at 1.0740 is unlikely to be threatened. To...
Hello friends Currently, the upward trend that started last week is still going strong. At the time of writing, EURUSD is trading at 1.057 with no signs of breaking out of the trend. It is expected that the price will continue to maintain the upward trend, fluctuating between 1.055 (the lower limit of the rising price channel) and 1.062 (the upper limit of the...
In my analysis of the EUR/USD currency pair, I've observed several key factors that are influencing its performance. It's important to note that this is not a trading recommendation but rather a general overview of the pair's recent trends and the forces at play.
Dear friends, the EUR/USD pair is struggling to find any significant momentum and is trading within a narrow range below the 1.0500 level. The fundamental context seems to favor bearish traders. The EUR/USD exchange rate rose to 1.0595 and then retraced, forming a short-term double top pattern. The downside move below 1.0560 confirmed this pattern, with the...