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U.S. Dollar / Euro

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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.
Long
by okako_trading
EURUSD: Continues to increase after a promising week!Hi everybody! In the first trading session of the new week, the EUR/USD exchange rate increased to 1.0800 due to the weakening of the US Dollar. The USD faced a significant sell-off after the US Bureau of Labor Statistics (BLS) released a report, showing weak labor demand and a slowdown in wage growth in April. This decline pushed the US Dollar Index (DXY) to a 3-week low, giving momentum to the EUR/USD currency pair. Additionally, market sentiment has improved significantly after a disappointing Non-Farm Payrolls (NFP) report, suggesting that the Federal Reserve (Fed) may reduce interest rates from its September meeting. Delays in wage growth and weaker labor demand both raise doubts that consumers will spend less, possibly easing inflationary pressures. This scenario may not be favorable for the USD and bond yields, and may also increase the EUR/USD exchange rate in the near future.
by RKarina
EURUSD: Opens up new bullish factors!Hello all of you! On Thursday, the EUR/USD pair rebounded to the highs of the recent consolidation period, surpassing the 1.0700 handle. This recovery comes as markets readjust to risk sentiment ahead of the release of the US Nonfarm Payrolls (NFP) report on Friday. Price action has taken place around the 34, 89 EMA, as the market waits for clear momentum to influence the direction of the trend. The 4H candles show a pattern of higher lows, strengthening the recovery momentum as the pair attempts to extend the upside movement from the swing low of 1.0600. EUR/USD is trading in an uptrend above the 34.89 EMA, and is expected to continue rising if it can overcome the 1,074 resistance.
Long
by RKarina
Latest EURUSD update today!Hello everyone! Yesterday, after the announcement of the PCE news, EURUSD experienced a slight decrease in price. Currently, this currency pair is temporarily trading around the 1.069 level, ending the short-term uptrend at the 1.070 threshold. Looking ahead, it seems that EURUSD may have to undergo further adjustments according to Dow's theory, as it has tested the resistance zone and previously broken areas. What do you think - will EURUSD recover and increase next week, or are you predicting more price declines? Let's discuss your predictions and strategies!
Short
by RKarina
2
EURUSD: Waiting for a new breakthroughHello everyone, today, EURUSD continues to trade around a familiar level near 1,071 and maintains the long-term bearish trend. In terms of trend analysis: EURUSD will soon receive important information from the European HCOB Manufacturing Purchasing Managers' Index (PMI). This data will provide further insight into the pair's next direction. Short term: Today, EURUSD left the bullish channel and completed a retest of the trendline and Breakout area, which shows that sellers have the advantage. Therefore, the selling strategy is prioritized until the end of the day, before new information is released.
Short
by RKarina
EURUSD drops toward key support line near 1.0600 on Fed DayEURUSD remains pressured at the lowest level in a week, extending the late April’s retreat from 20-SMA and a six-month-old support-turned-resistance, as traders await the US Federal Reserve (Fed) monetary policy announcements. The Euro pair’s weakness also takes clues from an impending bear cross on the MACD and an absence of oversold RSI conditions. With this, the quote is likely to extend the latest fall toward an ascending support line stretched from early October 2023, close to 1.0610 at the latest. Following that, the yearly low marked in April around 1.0600 and multiple lows registered during late 2023 near 1.0520 and 1.0490 will test the bears before directing them toward the previous yearly low of 1.0448. Alternatively, the US Fed’s inability to inspire the EURUSD bulls, mainly amid the high hopes, could trigger a quick recovery in the pair prices toward the 20-SMA hurdle of 1.0710. However, the quote’s further upside needs validation from the previous support line stretched from early November 2023 surrounding 1.0740. It should be noted that a convergence of the 200-SMA and 50-SMA, near the 1.0800 threshold at the latest, appears a tough nut to crack for the buyers, a clear break of which will enable them to confront the final defense of the sellers, namely a downward-sloping resistance line from December 2023, near 1.0865 as we write. To sum up, the EURUSD is on the way to testing the key support line as market players await the FOMC verdict. However, high hopes from the US central bank and a limited downside room for the pair suggest hardships for the sellers past 1.0600.
by MTradingGlobal
EURUSD: Moving steadily in the bullish channel!Hello dear friends, during today's Asian trading session, the EUR/USD exchange rate has fluctuated around the psychological level of 1.0700. The pair's modest growth was supported by weakness in the US Dollar. From a technical analysis perspective, this pair is stable and moving in an upward channel. The next target for the buying strategy is towards the 1.073 resistance level, which is also the upper limit of the bullish channel being observed.
Long
by RKarina
EURUSD: Will the weekend increase or decrease?Hello everyone, what are your thoughts on the current situation of EURUSD? This currency pair is currently trading steadily around 1.070, and the recovery process continues until Friday, making last week completely favorable for buyers. From the daily chart, the price has reached the sensitive Fibonacci retracement level of 0.618, which is significant at this time. If this pair continues its recovery trend and closes above the range of 0.5 - 0.618, it will form a challenge to the resistance level of 1.088. However, EURUSD is still trading below the EMA 34 and 89 lines, and the price volatility scenario according to Dow's theory is still quite feasible. In that case, the support level at 1.060 will be an important point of acceptance for this currency pair.
by RKarina
EURUSD: Stable parallel price channelHi everybody, Today, during Wednesday's Asian trading session, EUR/USD remained firmly above the key psychological mark of 1.0700. The US dollar weakened on weaker-than-expected April PMI data, which provided support for the pair. According to technical analysis from the chart: After bouncing from the lower boundary of the parallel price channel, the price is expected to resume the uptrend to test the resistance at 1,086, which is also the upper limit of the current price channel.
Short
by RKarina
EURUSD: Trend is unclear!Hi everybody, EUR/USD is approaching a key zone near 1.0650, after a fairly quiet Tuesday when the pair remained largely unchanged, awaiting a series of upcoming economic data. Both the US and the Eurozone are preparing for the release of Purchasing Managers' Index (PMI) figures next Tuesday, while key US figures will be released later. week, amid speculation about the possibility that the US Federal Reserve (Fed) will cut interest rates. In the current context, a triangle pattern may appear on the chart, and the possibility of a breakdown of this pattern is very high, leading to a clear change in either direction. While the 34 and 89 EMA lines are still not showing clear signals because they are located right in the current operating zone of EUR/USD, closely monitoring new information will be the key to determining the next trend. according to this currency pair. I am hoping for a positive development. How about you?
by RKarina
1
EURUSD seesaws within bear flag ahead of EU/US PMI for AprilEURUSD struggles to defend the previous week’s rebound from a yearly low as traders await preliminary readings of the Eurozone and the US PMI data for April. Apart from the pre-data anxiety, sluggish prints of the RSI (14) and the MACD signals also suggest a lack of momentum. Even so, the sellers appear hopeful as the major currency pair stays within a fortnight-old bear flag chart formation. Additionally favoring the Euro bears is the quote’s sustained trading beneath the 10-week-old horizontal region, previous support surrounding 1.0700-690, as well as a downward-sloping support-turned-resistance line stretched from late February, close to 1.0680 at the latest. Even if the major currency pair manages to defy the bearish chart formation by crossing the 1.0705 upside hurdle, the 200-SMA level of 1.0810 and a falling resistance line from early March, near 1.0840 as we write, will act as the final defense of the bears before giving control to the bulls. Alternatively, EURUSD sellers should wait for a clear downside break of the 1.0620 for fresh entry as it will confirm the bear flag chart formation. Following that, the monthly low of 1.0600 and the previous yearly low surrounding 1.0445 will act as buffers during the quote’s theoretical south-run suggesting 1.0315 as a target. It’s worth noting that early 2023 swing lows near 1.0515 and 1.0480 become extra downside filters for the bears to watch during the Euro’s theoretical fall between 1.0620 and 1.0315. Overall, EURUSD is likely to remain bearish unless crossing 1.0705. However, the sellers need strong US PMI, as well as too weak activity data from the bloc, to confirm the bear flag formation suggesting a major decline in prices.
by MTradingGlobal