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Eurusd-4

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
EUR/USD weakened near the lowest level in the last 6 monthsSamson greeted everyone and would be happy to see you in today's discussion. Currently, EUR/USD is holding less than 1,0550, of which the US dollar remains stable and benefits from the psychology of hesitation that has supported the green coins on Tuesday. Price for this currency pair. EUR/USD exchange rate for short time at 1,0600 but quickly decreased. This pair of money reaches a low level of 1,0561. The 4 -hour chart shows the downtrend and the money pairs continue to search for support. As long as this pair of money is still below 1,0735, the negative trend will continue to exist.
by Samson-FX
EURUSD is having difficulty recoveringHello everyone! It's great to see you all again and have a discussion about the market today. Today, the exchange rate of EUR/USD is showing a downward trend. It has started to decrease and is currently trading at 1.0500. This currency pair is trying to make a slight recovery. HOWEVER, along with that, there is also a modest decline in the US dollar, amid optimistic sentiment and slow pace of interest rate hikes by the US Federal Reserve, which is supporting this currency pair. In my personal opinion as an analyst (AD), the resistance level at 1.0604 may be adjusted once again and then expect it to decrease towards the support level at 1.0455.
by Samson-FX
EURUSD falls in a head and shoulders patternJoin Darius as we delve into the market today. During Thursday's Asian session, EUR/USD is trading above 1.0500, making a gradual comeback from its eight-month low of 1.0488. The pair is receiving some support due to a slight decline in the US Dollar and sluggish US Treasury yields, amidst an optimistic sentiment. The lowest point reached by EUR/USD was 1.0488, marking its lowest level since March and sitting just above the year-to-date low of 1.0483. Currently, the pair is hovering around 1.0500 with a bearish inclination following a modest rebound. On the four-hour chart, there has been recovery observed after touching the lower boundary of the descending channel which indicates a possible correction or consolidation phase ahead. However, if there is a decisive drop below 1.0480, it could potentially trigger an acceleration towards the next support area at 1.0455 while immediate resistance can be found at 1.0550.
Short
by Darius_trader
EURUSD bounces off 10-month-old support but remains bearishEURUSD pares weekly losses ahead of the key inflation data from the Eurozone and the US. In doing so, the Euro pair rebounds from horizontal support comprising lows marked since November 2022, around 1.0485-80, as the RSI (14) takes a U-turn from the oversold territory. The same joins the looming bull cross on the MACD to direct the pair towards the nine-month-old previous support line, close to 1.0650 at the latest. However, the mid-September highs of around 1.0765-70 and the convergence of the 50-SMA and the 200-SMA, surrounding 1.0830, will act as tough nuts to crack for the buyers before retaking control. On the contrary, the EURUSD pullback remains elusive beyond the immediate horizontal support line surrounding 1.0480. Following that, the 50% Fibonacci retracement of September 2022 to July 2023 upside of near 1.0400 will precede the late November 2022 bottom of around 1.0220 to test the Euro bears. In a case where the major currency pair remains bearish past 1.0220, the 61.8% Fibonacci ratio of around 1.0200 will act as the final defense of the pair buyers. Overall, EURUSD remains bearish below 1.0830 but the corrective bounce may recall 1.0650 for a while on the chart.
by MTradingGlobal
A big red candle > whats next on EurUsdwe were expecting to go long on order block of 1.0700 but price didnt retest the zone at first and whoever bought with direct limit order their stop loss was taken out but we had calculated risk of 20 pips but if the conservative trade who waited for choc entry the entry did not triggred .......................... thats the wrap from previous analysis .................... currently the big bar candle will be tempting for further selling point the reason for big red candle is because of sundden bounce on DXY index euro had opposite reaction to the price chart ............................................................................................. tenchnically wait for the price to make choc on 1h time frame and from that bos we look for trade if the setup complete of higher low and higher high then only we will look for buying side 1.06930 to 1.06300 will the area where price will hunt for liquidty pools if the 4h candle closes below this level then only we will look for bearish side
by Jimmy_Rebello
EUR/USD holds losses, in the context of the US dollar riseEUR/USD is being traded at a low level of weekly, namely less than 1,0650. In the fifth session in Europe About market news: As expected, the Federal Reserve has maintained the current interest rate, but they haunted that there may be another interest rate hike before this year ends. This news has increased the yield of US bonds to the highest level in a few years, leading to a stronger US dollar. Technical about: This pair of money has escaped the trend of increasing the potential in the blue frame and has broken this trend to return to the main trend of decreasing, so the likelihood of decrease is quite a lot.
Short
by Samson-FX
EUR/USD in the second price increase, buying or selling?Hello dear traders! Currently, EUR/USD is trading under pressure below 1,0700 in a cautious session in Asia on Tuesday. It is speculated that ECB completion of interest rates will interfere with the common currency, while the USD's price reduction action can support this pair of money. On the 1 hour chart, we can see that this pair of money is recovering from low for months. The important resistance level is 1,0710 and the closing of the daily level can show that the euro will decrease slightly. In one way or another, it is a decrease in the trend of 1,0715 to strengthen the prospect for the euro.
by Samson-FX
EURUSD AT DECISIVE LEVELShould the price drop to 1.0667 and subsequently rebound, it's advisable to verify this move on the hourly chart. In this context, validation entails monitoring the Relative Strength Index (RSI) for two key conditions: it should enter the overbought zone, and a distinct buy signal should emerge (Buy OB). Once these criteria are met, consider entering a long position, while exercising caution by setting a tight stop-loss at 1.0635 . If the price breaches the level of 1.0635 , it is advisable to liquidate all existing long positions, as this indicates a potential break in structure.
Long
by breakout_ninja
EURUSD positive before the big day of the FedOn EUR/USD, looking at the technical picture we can observe the set up setting with the trend of increasing on H4. The price is approaching the significant bridge area on H4, where it can find support on the trend line and then start a move to go up. The first goal will be the first significant vibration at 1,0718 and then the H4 resistance area at 1,0740. It is worth noting that in the Asian session, the price has recorded a significant low fluctuation at 1,0678, this signals the market capacity on today's price.
Long
by Samson-FX
EURUSD stays defensive near key support line on Fed dayEURUSD fades bounce off an ascending support line stretched from early January as market players brace for the US Federal Reserve (Fed) monetary policy announcements on Wednesday. It’s worth noting, however, that the RSI (14) line is nearly oversold and the MACD flags bull cross, which in turn favors the Euro pair’s sustained trading beyond the stated support line, close to 1.0640 by the press time. That said, the quote’s weakness past 1.0640, will make it vulnerable to decline towards March’s bottom surrounding 1.0515 before testing the yearly low of around 1.0480. Alternatively, the EURUSD pair’s recovery moves will initially aim for the 61.8% Fibonacci retracement of January-July upside, near 1.0790. However, a two-month-old descending resistance line and the 200-day SMA, respectively near 1.0815 and 1.0830, could challenge the Euro buyers past 1.0790. In a case where the pair manages to remain firmer past 1.0790, as well as cross the 1.0800 round figure, the odds of witnessing a run-up towards the late August swing high of around 1.0940 can’t be ruled out. Overall, EURUSD remains bearish even if the oscillators challenge the downside bias.
by MTradingGlobal