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U.S. DOLLAR / EURO REFERENCE RATE

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EUR/USD Under Downward Pressure from ECB DecisionHow is the EUR/USD pair fluctuating today? Let’s find out together! The EUR/USD pair remains steady at 1.0884 after four consecutive sessions of decline. However, selling pressure on the Euro persists, especially as the market is heavily pricing in the likelihood of the European Central Bank implementing monetary easing policies. From a technical analysis perspective, the pair is in a downward trend, with the EMA line continuing to move lower steadily. Resistance at 1.0949 has prevented any upward movement, forcing the pair to retreat towards its previous support at 1.0883. This is my take. What do you think about the EUR/USD pair today?
by Alisa_Rokosz
EURUSD: 200-SMA, oversold RSI test bears ahead of ECBEarly Wednesday, EURUSD sees the first daily gains in more than a week, after hitting its lowest point in 10 weeks. In doing so, the Euro pair portrays the market’s consolidation ahead of Thursday’s European Central Bank (ECB) Interest Rate Decision and September’s US Retail Sales data. Sellers have a bumpy road ahead In addition to pre-data consolidation, the 200-day SMA and oversold RSI pose challenges for EURUSD bears, indicating limited downside potential. A significant drop may occur only if the ECB disappoints or US data delivers unexpectedly strong signals for the dollar. Technical levels to watch The 200-SMA level surrounding 1.0870 appears a tough nut to crack for the EURUSD, backed by the oversold RSI. However, a downside break of the same won’t hesitate to drag the prices toward the August month’s low of near 1.0775. Following that, an ascending support line from October 2023, close to 1.0750 at the latest, will act as the final defense of the buyers. On the contrary, July’s high of near 1.0950 could lure EURUSD buyers during a corrective bounce. Following that, the March peak surrounding 1.0980 and the 1.1000 psychological magnet can entertain Euro buyers before testing them with a two-month-old horizontal support-turned-resistance of near 1.1015 and the previous support line stretched from late June, close to 1.1030. Price Consolidation Ahead, But No Trend Change Expected While technical indicators suggest bear exhaustion and a possible corrective bounce for EURUSD, multiple resistances and fundamental factors hinder a reversal of the ongoing two-week bearish trend.
by MTradingGlobal
EUR/USD: Will the ECB's Decision Determine the Future?Hello everyone! A new week is starting. Today, let’s join Alisa in predicting the EUR/USD currency pair. The EUR/USD pair continues to face downward pressure amid escalating geopolitical tensions in the Middle East. Fears of a large-scale conflict in the region have increased demand for the USD, while reducing the appeal of risk assets like the Euro. The ECB’s upcoming policy decision on Thursday also adds to the selling pressure on this currency pair. Looking at the 1-hour technical chart, the pair is fluctuating around the 1.0918 level, in a downtrend. With resistance at 1.0943 acting as a barrier, the EUR/USD pair is unlikely to break upward in the short term. If the pair breaks the 1.0920 support level, selling pressure could intensify, pushing the price to lower levels. What are your thoughts on the EUR/USD pair today?
by Alisa_Rokosz
Russian-Ukraine conflict and U.S. inflation hold back EUR/USDHello everyone. Today, let's take a look at the EUR/USD pair! The EUR/USD pair continues to face downward pressure as the U.S. inflation index came in higher than expected on Thursday, providing some support for the U.S. dollar and limiting the pair's upward momentum. This, combined with concerns over the European economic situation and the ongoing Russian-Ukraine conflict, has made the Euro less attractive. In the short term, EUR/USD could continue to decline if U.S. economic data remains positive. Looking at the 4-hour chart, the pair is defending around the 1.093 level, still in a downtrend. Despite support at 1.090, the pair has been unable to break through the resistance at 1.099. The price of the pair is likely to reverse and move downward. At the same time, the EMA has also turned bearish, further reinforcing this analysis. What about you? What do you think of this currency pair?
by Alisa_Rokosz
EURUSD: Bears focus on 1.0800 and US Inflation cluesEURUSD licks its wounds at the lowest level in eight weeks as traders await September's US Consumer Price Index (CPI) data, especially after the previous day’s FOMC Minutes drowned the Euro pair. Bears keep the driver’s seat Apart from the US Dollar’s run-up post-Fed Minutes, the EURUSD pair’s confirmation of “Double Tops” bearish chart formation and a clear break of a 15-week-old rising support line add strength to the downside bias. It’s worth noting, however, that the oversold RSI (14) line and sluggish MACD signals challenge intraday sellers, along with the pre-data consolidation. Key technical levels to watch The 50% Fibonacci level from the EURUSD’s June to September rise, around 1.0940, limits immediate downside. The next significant support is at the 61.8% Fibonacci retracement near 1.0870, known as the “Golden Fibonacci Ratio.” If the price breaks below 1.0870, it could lead to a drop toward the bearish target from the "Double Tops" pattern, around 1.0800. On the upside, the EURUSD recovery is unlikely unless it surpasses the 1.1010 level. The previous support line, now acting as resistance, is near 1.1000. In a case where the Euro buyers manage to stay onboard past 1.1010, the 23.6% Fibonacci retracement and the double tops, respectively near 1.1085 and 1.1200, will be on their radars. Further downside expected While an oversold RSI and potentially softening US inflation data may pose challenges for US Dollar bulls, EURUSD bears remain encouraged. The confirmation of a bearish chart formation, combined with the European Central Bank's (ECB) more dovish stance compared to the Federal Reserve (Fed), keeps the sellers optimistic about further declines.
by MTradingGlobal
2
EUR/USD: Continuing to Decline or Approaching a Turning Point?Hello everyone. How are you all today? Let's join Alisa in analyzing the EUR/USD pair! The EUR/USD pair continues to slide and is nearing an 8-week low of 1.0960 due to the strong rise of the USD. Positive U.S. job data has reinforced expectations that the Fed will continue to raise interest rates, pushing the USD index to new highs. Additionally, geopolitical tensions in the Middle East have also enhanced the appeal of the USD as a safe-haven asset. Looking at the 1-hour chart, the 1.097 resistance level is proving too strong for the Euro. If this level is not surpassed soon, the Euro may test the 1.095 support level. It could even break this support and fall further. This is Alisa’s analysis. What do you think about this currency pair?
by Alisa_Rokosz
EURUSD SHORT - 1H TIMEFRAMEFOREXCOM:EURUSD - 1H Hello 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 Smart Money 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... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
2
EUR/USD: A Buying Opportunity or a Selling One?Hello everyone, it's Alisa here. How is your new week going? Today, let's analyze the movements of the EUR/USD pair together! The EUR/USD pair has experienced a volatile trading week with seven consecutive declining sessions, hovering around the 1.0965 level. Selling pressure continues to weigh heavily on this pair as the USD keeps strengthening significantly. The U.S. employment data released last week has reduced expectations for a sharp interest rate cut by the Fed, thus reinforcing the strength of the USD and putting pressure on the EUR/USD pair. Alisa observes that the resistance level at 1.118 serves as a crucial testing point for EUR/USD. If it fails to break through this level, the price may reverse and even break below the support level of 1.095. That’s Alisa's analysis of the EUR/USD pair today. What do you think?
by Alisa_Rokosz
EU: Monitoring for Buy Opportunity Despite Friday's Sharp DropAfter last Friday's strong news event, the EUR/USD experienced a significant sell-off, pushing price further into the key demand zone between 1.1000 - 1.1050 on the daily chart. However, despite the heavy bearish pressure, the daily candle is yet to close, leaving room for a potential bullish reaction within this critical support area. Key Points: Demand Zone: Price is still within the major support zone that has historically provided strong buying interest. Wait for Confirmation: Although the sell-off has been aggressive, we remain patient. A clear bullish reversal pattern (e.g., bullish engulfing or pin bar) on lower timeframes (H4 or H1) will serve as our entry signal. Caution: Given the volatility from recent news, risk management is crucial. We will only initiate a BUY position once price action confirms a reversal. Trade Setup: Entry: Upon confirmation of bullish structure in the demand zone. Stop Loss: Below 1.0950 to protect against further downside. Target: Initial target at 1.1150, with room to adjust based on momentum and market conditions. We remain cautious yet optimistic about a potential bounce from this area, but the confirmation of a strong pattern is essential before entering the trade. FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
Long
by Trading_Zone_3773
Where Will EUR/USD Head After U.S. Employment Data?Hello everyone, it's me, Alisa again. Will the EUR/USD pair rise or fall today? Let's make a guess together! The strengthening USD has put pressure on major currency pairs during this morning's trading session. The market is currently in a wait-and-see mode, anticipating U.S. employment data to make the next trading decisions. This report is expected to provide deeper insights into inflation and the Federal Reserve’s monetary policy. The EUR/USD pair is fluctuating at 1.1027, with the EMA showing a bearish reversal. If the pair encounters resistance at 1.107 and fails to break through, it will reverse and decline. In that case, the support level at 1.102, which has played an important role in the past, may continue to serve as a key point for this pair. However, if selling pressure increases and other technical indicators also send negative signals, this support level could be broken. These are Alisa's thoughts. What about you? What do you think?
by Alisa_Rokosz
EUR/USD Analysis: Potential Buy Opportunity at Key Demand ZoneThe EUR/USD is currently testing a strong demand zone on the daily timeframe, located around 1.1000 - 1.1050. This area has consistently acted as a key support level in recent price action, offering potential for a bullish reversal if market conditions align. Key Technical Factors: Demand Zone: The price is approaching the major support region after multiple retests, suggesting that buyers could step in soon. Bullish Setup Confirmation: Wait for clear reversal patterns such as a bullish engulfing or pin bar on lower timeframes (H4 or H1) to confirm entry. Only initiate a BUY position once a strong reaction is seen. Trade Plan: Entry : On confirmation of a bullish price action pattern. Stop Loss: Below the 1.0950 level to manage risk. Target: First target at 1.1150, with potential for further upside depending on momentum. This setup aligns with the market's technical structure, but patience is key for a safer entry. Let's see how the price reacts! FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
Long
by Trading_Zone_3773
EURUSD: Bears seek confirmation from “Double Tops” and US NFPEarly Thursday, EURUSD prints a five-day losing streak, reaching its lowest point in three weeks. The Euro pair traders are holding their breath for the September US employment report, especially after strong data from ADP and hawkish comments from Fed Chair Jerome Powell. Sellers approach key supports In addition to strong US data and hawkish remarks from Fed Chair Powell, softer inflation in the Eurozone is adding pressure on the EURUSD pair. A clear drop below the 50-bar Exponential Moving Average (EMA) keeps bearish sentiment alive. Plus, the lack of an oversold RSI (14) and bearish signals from the MACD suggest further weakness ahead. Important levels to watch With the EURUSD pair breaking below the 50-EMA and facing bearish technical and fundamental factors, it looks poised to test the previous monthly low around 1.1000. However, a six-month-old support line will likely challenge sellers around 1.0980. Importantly, the convergence of the 100-EMA and an ascending support line from late June, near 1.0960, is a crucial level to monitor. A drop below this level could push prices toward the target of the “Double Tops” pattern, around 1.0800. Alternatively, the 50-EMA around 1.1045 serves as the immediate barrier for any recovery in the EURUSD pair. If the bulls can break through this level, they’ll face further resistance at 1.1100 and the “Double Tops” around 1.1200. A push above 1.1200 would challenge the current bearish trend and open the door for buyers to target the 2023 peak of approximately 1.1275. Bears reign is about to be challenged Overall, the EURUSD pair looks bearish in the short term, but there’s limited downside potential before reaching crucial technical levels. This means upcoming data and events will play a vital role in determining the next move.
by MTradingGlobal
The Dollar Takes the Lead, Euro StrugglesHello everyone! Let's discuss the movements of the EUR/USD pair today! EUR/USD continues its downward slide today, dropping for three consecutive weeks as the USD strengthens. Investor sentiment has shifted towards safe-haven assets after Fed Chairman Powell's hawkish remarks and escalating tensions in the Middle East. This has put pressure on the Euro. Technical analysis suggests that if EUR/USD holds the support level at 1.101, the pair could potentially rebound and test the resistance level of 1.118. However, given the current geopolitical tensions, the likelihood of EUR/USD breaking through this resistance and maintaining an upward momentum is quite limited. On the other hand, if it fails to surpass 1.118, EUR/USD may reverse and even break below the support level of 1.101. What an unexpected day! This is Alisa's take, what about yours?
by Alisa_Rokosz
EUR/USD Breakout Towards 1.1300Currently, EUR/USD is in a consolidation phase after a recent rally. The price is fluctuating between support at 1.10835 and resistance at 1.12106. The price has broken below the 34 EMA and is testing lower levels, indicating a short-term bearish trend. Technically, key support is at 1.10835, representing the recent low. Resistance is at 1.12106, marking the nearest high. A breakout scenario may occur around the 1.11438 region. If the price breaks through this level and continues past resistance at 1.12106, there is a high chance of a strong rally up to 1.1300. Recently released inflation data will significantly impact EUR/USD. If inflation comes in higher than expected, it could support the Euro's rise.
Long
by Romio_pro
The New Week Begins with Positive Signals for EUR/USDHello everyone. Let’s take a look at the movement of the EUR/USD pair in this Monday morning trading session. The EUR/USD pair opened the new week at 1.1159, indicating an upward trend. The weakening of the US dollar, driven by expectations of the Fed easing monetary policy, has supported the Euro’s rise. Additionally, recent economic data from the Eurozone has also shown positive signs. The currency pair is displaying an upward trend within a price channel. With solid support at 1.115, breaking through the resistance level at 1.120 will confirm the uptrend and open opportunities for higher price targets. Once the old resistance level is broken, it will become new support, reinforcing the upward momentum. What about you? What are your targets for EUR/USD in the near future? Share your thoughts with me!
by Alisa_Rokosz