The euro is holding onto its monthly gains against the US dollar after the Federal Reserve cut interest by twenty-basis points on Wednesday. Going forward, the 1.1260 level is the key resistance level bulls may attempt to reclaim if a break above the 1.1200 level occurs. The monthly price close is now in focus, with EURUSD bulls on course for the first positive...
Price broke the down trend and then retraced back to 31% fib. Can see a bull run as its found support at 31% fib. Go Long now or when it breaks the recent high.
The euro is on the rise against the US dollar on Wednesday, after finding strong dip-buying demand around the 1.1070 support level. Caution is still advised ahead of today’s data releases as the main area of technical support for the EURUSD pair is located just under the 1.1044 level. Overall, the medium-term upside objective for the EURUSD pair is located around...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1095. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1135. TP4: R2=1.115. Set the stoploss of these orders at breakout of S2=1.1075. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Risk: 8 pips Gain: +3 pips Risk/Reward Ratio: 37,5% Theoric Probabiliy: > 70% Actual Probability: + 85,71 % Total Gain: + 691,10 pips
here's the bullish analysis of the pair if you're doing the same trade drop a comment perhaps we can manage together.
euro/usd is a long position due to the break of the trend line
Trade with >70% probability: buy long @ 1,1095, stop-loss 1,1087
Trade with >70% probability: buy long @ 1,1095, stop-loss 1,1087
The euro continues to hold below the 1.1100 level against the US dollar as traders look to a busy week ahead of market action. The direction of the EURUSD pair is likely to be decided by the outcome of the FOMC rate decision later this week. A rate cut could push the EURUSD towards the 1.1200 level, while a more hawkish FOMC decision could see sellers forcing the...
BOTH POSSIBILITY IS AVAILABLE 1.BOUNCE FROM SUPPORT ,2.BRAKE OUT OF SUPPORT AND BECOME RESISTANCE
The euro is trading below the key 1.1110 level against the US dollar, following more dovish commentary from outgoing ECB President Mario Draghi on Thursday. A sustained loss of the 1.1110 level may encourage sellers to push price back towards the 1.1044 level. Overall, the EURUSD pair could be a strong dip-buying opportunity if a deeper correction towards the...
The euro currency is advancing back towards the 1.1145 level against the US dollar, as traders await the ECB monetary policy decision later today. The EURUSD pair could rally towards the 1.1255 level if bulls continue to defend the 1.1110 level. A sustained loss of the 1.1110 support level could prompt a much larger decline in the EURUSD pair back towards the...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.112. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1155. TP4: R2=1.1175. Set the stoploss of these orders at breakout of S2=1.1105. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
The euro has moved below the pivotal 1.1145 level against the US dollar, placing the focus on emphasis on further short-term selling. If an interim high is in place, the bearish correction in the EURUSD pair could extend losses towards the 1.1044 support level. A sustained break below the 1.1110 support level should confirm that the EURUSD pair can start to trade...