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EUR/USD Mini

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EURUSD.1.MINI trade ideas

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
EURUSD MULTI TIME FRAME ANALYSISHello 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 price action 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. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Short
by okako_trading
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