The EURCHF pair broke above the 1D MA50 (blue trend-line) and closed yesterday's 1D candle exactly on it. This is the first bullish signal we encounter since the June 12 1D MA50 break-out. The long-term pattern is a Channel Down but since July 27, the price has been holding the 0.952250 level (Support 1) as well as the 0.96510 (Resistance 1). As a result, we have...
Hello, Welcome to this analysis about EURUSD and the 4-hour timeframe perspectives. The global determinations for EURUSD have already shown a mainly bearish development and now when looking at the more local frames as the 4-hour chart I discovered a decisive formation forming that should not be kept from the desk here. Therefore, when looking at my chart we can...
Certain weeks stand out in importance, and the week ahead is shaping up to be one of them. On the economic calendar we have the Eurozone & Canada CPI as standouts for Tuesday, UK CPI & FOMC on Wednesday. Such action-packed weeks often provide the catalyst for the next move in the markets. Our attention is currently drawn to the EURCAD for multiple reasons....
Despite unprecedented rate hikes up to 450 basis points over the last 12 months the Euro has lost ground to the US Dollar for the last nine straight weeks. As a result, the Eurozone interest rates are historical highs. Currencies desire nothing more than higher rates. The Euro should have popped but instead it flopped after the ECB’s rate hiking decision last...
The EURUSD pair has been bearish since July inside a Channel Down pattern. Currently it is inside a Flag pattern. Every time it broke its bottom (downwards) the Channel Down extended to a Lower Low. When it didn't, the Flag pushed the price upwards to a Channel Down Lower High on the MA150 (4h). Trading Plan: 1. Buy if the Flag holds its bottom. 2. Sell if it...
Hello, Welcome to this analysis about EURGBP and the 4-hour timeframe perspectives. EURGBP in recent times is forming some interesting developments especially with the main formation I discovered here this can lead to increased volatility in the upcoming times. Therefore, when looking at my chart we can watch there how EURGBP has formed this massive...
Hello, Welcome to this analysis about EURUSD and the 2-day timeframe perspectives. EURUSD in recent times as I discovered has formed a massive formation that is indicating bearish dynamic volatility developments to emerge within the upcoming times. In this case, we should consider that the formation here is mainly completed and that a high possibility is given...
Following the interest rate decision, we observed a pronounced sell-off within the market. This resulted in a decline to the significant monthly support level at 1.0635. In the forthcoming period, our outlook is anchored on the potential for a price resurgence towards the 1.0686 vicinity. The critical juncture will be the price's behavior at this level; if it...
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price declined to the 1.0800 resistance level, which coincides with the resistance area and also entered to big range. After this movement, the price fell below this level to the resistance area and then at once rebounded up to the top part of the range, where...
EUR/USD Price Analysis: Recovery Below 1.0700 as Markets Await Fed Meeting The EUR/USD pair is showing signs of recovery, trading near the 1.0670 level during the early European trading hours on Monday. However, the upside for this major currency pair appears to be limited as investors shift their focus to the upcoming Federal Reserve (Fed) interest rate...
The EURUSD pair has been trading within a Channel Down pattern since the July 27 High. So far it has only made two Lower Highs touching its top and we may be starting the sequence that might complete the 3rd. On the short-term we expect the 4H MA50 (blue trend-line) to be tested and the target on our current buy is 1.0700. That is still below the Inner Lower...
The EURJPY pair has been trading within a Channel Up pattern since March. The price is currently on the 1D MA50 (blue trend-line) at the bottom (Higher Lows trend-line) of the Channel Up. As long as the pattern holds (bottom intact, closing 1D candles above it), we have the opportunity for a low risk buy to target the Internal Higher Highs trend-line at...
The Euro (EURUSD) could rise towards an overlap resistance and potentially reverse from here to drop lower towards our take profit target. Entry: 1.06875 Why we like it: There is an overlap resistance level that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 1.07280 Why we like it: There is a pullback resistance level that aligns close to the...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined to $1.0835 level, which is located inside resistance area, but at once it made upward impulse to next level. Also then, price broke $1.1135 level and even rose to resistance line of downward channel, where it bounced and started to...
EUR/USD Faces Downside Pressure as USD Strengthens Amid ECB and US Data The EUR/USD pair struggled to sustain its recovery as it faced resistance following comments from ECB President Christine Lagarde. Friday's rebound encountered downward pressure as the US Dollar (USD) maintained its strength, pushing the broad dollar index higher. ECB's Dovish Rate Hike...
Hello,Traders! EUR-USD has retested the Horizontal support level of 1.0639 From where we are already seeing a Bullish reaction so I think we will See a local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hi folks today I'm prepared for you Euro analytics. After the price declined to the resistance zone, which coincided with the 1.0875 resistance level, it some time traded there and then broke this level and declined below. Then price tried to back up and even it rose to the trend line, but the Euro continued to decline and in a short time fell to the 1.0690...
EUR/USD Recovers from Six-Month Low After ECB Rate Hike As the week comes to a close, the EUR/USD pair has witnessed a modest rebound, reversing some of its previous day's losses when it hit a nearly six-month low. This decline was sparked by the dovish European Central Bank (ECB) rate decision, which, despite hiking rates for the 10th consecutive time by 25...