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.
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USDEUR trade ideas
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.
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!
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.
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!
EUR/USD: The Game Speeds Up Ahead of Fed’s Crucial HourEUR/USD is currently in a “pressure-cooker” phase as the price climbs to 1.11677, approaching the critical resistance level at 1.11916.
The bullish momentum is like an arrow shot straight upward, but will it have enough strength to break through and reach 1.12444? Or is this the moment when the market prepares for a “reversal” towards the support at 1.11225?
The EMA 34 and 89 are still holding the bullish trend intact, but don’t forget that this afternoon’s Fed meeting is a “ticking time bomb” for major volatility. With each interest rate announcement, the EUR/USD pair could either be “propelled” higher or experience a sharp “reversal.”
Traders need to buckle up, as this event could trigger a strong breakout or potentially signal the end of the current upward movement.
EUR/USD Awaits Fed Signals, Potential for CorrectionEUR/USD paused its short-term rally on Tuesday, remaining hesitant above 1.1100 as traders anticipate Wednesday’s Fed meeting.
EURUSD is currently trading around 1.11302 after peaking at 1.11455.
If it fails to break the strong resistance at 1.11455, the price may correct towards the support level at 1.10741, before recovering back to 1.11135.
The EMA 34 (1.11029) and EMA 89 (1.10841) continue to support the uptrend, but indicators show signs of weakening.
MACD convergence signals a potential short-term correction.
EURUSDWelcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
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EURUSD: Bulls struggle to keep control on FOMC DayEURUSD picks up bids to reverse the previous day’s retreat from a month-old horizontal hurdle as traders prepare for the all-important US Federal Reserve (Fed) Interest Rate Decision. In doing so, the Euro pair defends last week’s U-turn from a 200-SMA while making rounds to a four-week-long bearish channel’s top line.
Buyers are cautious
Along with the strong rebound from the 200-SMA, a positive RSI (14) supports the bullish outlook for the EURUSD pair. However, the key resistance area, a potential bearish signal on the MACD, and the cautious market sentiment ahead of the FOMC meeting may challenge any upward momentum.
Key technical levels
For EURUSD bulls to take charge, they must break above the key horizontal resistance zone around 1.1145-55, especially if the Fed signals a dovish stance. If they succeed, the focus will shift to the yearly peak near 1.1200. After that, the 50% and 61.8% Fibonacci Extension (FE) levels of August-September moves at 1.1215 and 1.1265 will be next, followed by the previous yearly high of 1.1275.
Conversely, any pullback in EURUSD should find strong support at the 200-SMA level around 1.1045. Even if it falls below this, the monthly low of 1.1000, the lower boundary of the bearish channel near 1.0980, and an upward trend line from late June around 1.0930 will likely hold the bears back before they gain control.
Sellers have a long and bumpy road ahead…
Even if buyers face challenges, EURUSD sellers still have a tough road ahead before taking control. Key obstacles include the Fed's potential consecutive rate cuts in 2024 and a rising support line around 1.0930, which are both important factors to watch.
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.
EURUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD EURUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
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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.