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U.S. DOLLAR / EURO REFERENCE RATE

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EUR/USD Near 1.10300 USD Support, Short-Term Upside PotentialThe H3 chart of EUR/USD shows the price approaching a crucial support level around 1.10300 USD, a zone that has held firm previously and may trigger an upward move if unbroken. The 20 SMA is currently exerting downward pressure, but if the support holds, a short-term recovery is possible. The price is also trading near the lower Bollinger Band, indicating the potential for a bounce from this support level. Traders might consider buying near the 1.10300 USD support if clear reversal signals emerge. Market sentiment for EUR/USD is still influenced by economic and political factors from both the Eurozone and the U.S.
Long
by Romio_pro
EURUSD: Rising wedge signals bullish exhaustion, focus on dataEURUSD pares its biggest daily loss in 11 weeks early Thursday. In doing so, it's bouncing back from a key support level and the 50-Exponential Moving Average (EMA). EURUSD bulls take a breather… This rebound suggests that the Euro might be running out of steam before important economic data is released. Among them, the first reading of Germany’s inflation for August and the US Q2 GDP’s revision gain the attention of intraday traders. That said, the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicators suggest a potential bullish trend, but confirmation is needed. Key technical levels to watch… The EURUSD buyers need validation from a one-week-old horizontal resistance area surrounding 1.1150 and the US/German data to keep the reins. Following that, the yearly high marked earlier in the week around 1.1200 will lure the Euro bulls. In a case where the quote remains firmer past 1.1200, the aforementioned wedge’s top line of near 1.1250 and the previous yearly top of 1.1275 will act as the final defenses of the sellers. On the contrary, EURUSD sellers must wait for a clear downside break of 1.1100 to confirm the bearish chart formation and aim for further declines. In that case, a convergence of the 200-EMA and an ascending trend line from early June, the previous resistance near 1.0980, will be in the spotlight. Should the pair remain bearish past 1.0980, the odds of witnessing further downward trajectory toward the rising wedge’s theoretical target of 1.0680 can’t be ruled out. What next? In summary, the EURUSD is currently on a positive track, but further gains may depend on upcoming economic data and potential pullbacks.
by MTradingGlobal
EURUSD Awaits Rate Signals, Risk of Bullish ReversalInvestors are waiting for rate signals from the Fed as U.S. inflation remains high, while the ECB faces pressure to adjust rates due to the Eurozone's sluggish economy. The short-term downtrend in EURUSD is prevailing, confirmed by the EMA 34 crossing below the EMA 89, indicating growing selling pressure. The chart shows strong support around the 1.10630 level, where prices have bounced multiple times, creating a solid support zone. The resistance zone is around 1.11450, which is a potential target area if prices rebound from the support level. The RSI (14) is currently hovering around 36-38, suggesting the market is in an oversold state. This indicates a potential reversal or a short-term pullback. If the price holds the support at 1.10630 and shows a rebound signal, there is a possibility that EURUSD will retest the resistance at 1.11450.
Long
by Romio_pro
1
EURUSD Levels // 20 MinHello Everyone 👋 Current Price 1.0850: This is the latest price level, reflecting the current market sentiment. Resistance Levels 1.0880: The first resistance level, where selling pressure might increase. 1.0920: The second resistance level, indicating a stronger barrier for upward movement. 1.0980: The third resistance level, a significant hurdle for the bulls. Support Levels 1.0820: The first support level, where buying interest might emerge. 1.0780: The second support level, indicating a stronger floor for the price. 1.0740: The third support level, a critical point for the bears. Technical Indicators Moving Averages: The 50-day and 200-day moving averages can provide insights into the trend direction. Relative Strength Index (RSI): An RSI above 70 indicates overbought conditions, while below 30 indicates oversold conditions. MACD (Moving Average Convergence Divergence): This can help identify potential buy or sell signals. Market Sentiment Economic Data: Keep an eye on upcoming economic releases from the Eurozone and the US, such as GDP, employment data, and inflation reports. Geopolitical Events: Any significant geopolitical developments can impact the EUR/USD pair.
by SkyTradingZone
EURUSD LONGFOREXCOM:EURUSD 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!!!!
Long
by Phinics
EURUSD SHOWING A GOOD DOWN MOVE WITH 1:5 RISK REWARD PERFECT ONEEURUSD SHOWING A GOOD DOWN MOVE WITH 1:5 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 please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Short
by tradergyan01
EURUSD VIEW!!A gauge of global shares was flat in choppy trading while oil prices slipped on Tuesday as investors weighed geopolitical risks as well as impending Nvidia earnings and U.S. inflation data. Markets are anticipating an imminent start to the Federal Reserve's monetary policy easing, after Chair Jerome Powell said on Friday the central bank was ready to start cutting rates. The benchmark S&P 500 and Nasdaq edged higher in choppy trading while the Dow traded lower. The Dow Jones Industrial Average DJI fell 0.12% to 41,189.90, the S&P 500 SPX gained 0.09% to 5,621.87 and the Nasdaq Composite IXIC gained 0.09% to 17,741.59. European stocks finished up 0.16% SXXP , following a late
Short
by FXBANkthe8055
EURUSD jostles with key resistance, PMI, Fed’s Powell eyedEURUSD traders are taking a break at its highest level since July 2023 as they await August PMI data for the Eurozone and the US. They are also keeping an eye on Fed Chair Jerome Powell’s speech at the Jackson Hole event on Friday. The overbought RSI indicates a potential pullback, with immediate support around the 78.6% Fibonacci retracement level from July-October 2023, near 1.1100. If the price falls, the rising support line near 1.1030 and the range of levels from late November 2023 around 1.1010-1.0980 might hold strong against further declines. For EURUSD buyers to regain confidence, they need to break the yearly high of around 1.1175. Overcoming this could lead to resistance around 1.1200-1.1210 before reaching the late 2023 high of around 1.1275. If the pair surpasses 1.1275, it might gradually rise towards the 2022 high near 1.1500. In summary, EURUSD is still in a bullish trend, though a short-term pullback is possible.
by MTradingGlobal
EURUSD: Confirming the bullish recovery trendEURUSD is moving around 1.1079 today and the bullish move seems to be still strong. On the analytical chart we can clearly see that EURUSD is on the rise of the uptrend with increasing confirmation highs and lows. The EMA 34, 89 are still giving good signals for the buyers and the price breached above these two EMAs so the continuation of the upward move is still preferred. Good luck to you, don't forget to leave your comments in the comment section.
Long
by Shivam_Signals
Rising wedge portrays EURUSD buyer’s exhaustion ahead of US dataEURUSD is bouncing back after a big drop, as traders wait for the University of Michigan’s Consumer Sentiment Index and Inflation Expectations for August. This bounce reverses the previous day’s decline from the highest level of 2024 and moves off the bottom of a four-week bearish chart pattern called rising wedge. The RSI indicates that the recent price increase might continue, but the MACD suggests weakening buyer interest. For sellers to take control, they need to break below the wedge’s bottom line at around 1.0960 and the 50-SMA support at 1.0946. If they succeed, they might face challenges at the 200-SMA and an upward trend line near 1.0875 and 1.0830, respectively. After that, the price could drop toward the wedge’s theoretical target of around 1.0700. On the other hand, the 1.1000 level is attracting buyers, with the recent high of 1.1050 in sight. The top line of the wedge near 1.1055 could also act as resistance. Future resistance points include December and July 2023 highs near 1.1140 and 1.1275, and the 1.1200 level might provide a resting point for buyers. Overall, the EURUSD pair is struggling to gain momentum in a bearish pattern ahead of US economic data. Sellers need confirmation from both technical and fundamental factors to take control.
by MTradingGlobal