As of the latest trading sessions, the USD/EUR currency pair displays a complex interaction of technical indicators and price patterns, suggesting a cautious yet potentially bullish outlook. We will break down the technical analysis using various tools and patterns, integrating recent market news into our forecast.
Ichimoku Cloud Analysis:
The price is currently...
Hello everyone! The EUR/USD surged to 1.0800 as the US Dollar weakened during the early trading session on Friday in the US. The greenback faced a significant sell-off following the US Bureau of Labor Statistics (BLS) report, indicating soft labor demand and slowing wage growth for April. This caused the US Dollar Index (DXY) to hit a three-week low, providing...
We still have selling pressure at the 1.07250 level, so the price will remain below that level this week.
In a few hours the FOMC statement and the interest rate decision will be released, so I am going to go short looking for today's daily minimum, and if later they raise the price a little more, it will be a good opportunity to enter again short at a better...
Hello all dear traders!
Overall, as expected EURUSD rebounded after the previous sharp decline, continuing to maintain at a trading high at 1.0733.
On the news impact: EUR/USD returned to its peak above 1.0700 as market risk appetite regained balance ahead of another US Nonfarm Payrolls on Friday.
On the fresh outlook for EURUSD: From the chart, with this high...
Hello Traders , Upon reviewing the EUR/USD chart in the 2-hour timeframe, we observe that the price was able to rise to 1.075 and then underwent a correction, penetrating below 1.0678. Consequently, after a liquidity collection, it encountered demand again! The upcoming supply zone ranges from 1.07260 to 1.07530, and we can monitor the price reaction within this...
EUR/USD has revisited the recent consolidation high on Thursday, reclaiming territory north of the 1.0700 threshold as market risk appetite stabilizes ahead of another US Non-Farm Payrolls (NFP) report on Friday.
Price action has been aligning with the 34 and 89 EMA as the market anticipates a direct catalyst that could decisively influence the trend...
The current selling zone for the EUR/UAD pair is at 1.06941, indicating a potential opportunity for traders to sell this currency pair. Within this setup, there are three specified take profit points at 1.06454, 1.06335, and 1.06300, indicating the price levels at which traders may consider closing their positions to lock in profits. Additionally, a stop loss...
📌The ECB appears to be on track to cut interest rates in June, barring any major surprises, and recent inflation data further strengthens the case for a rate cut ahead. In contrast, the Fed decided to leave interest rates unchanged on Wednesday, citing the FOMC's lack of progress in bringing inflation back to its 2% target.
EUR/USD is trading in a fairly wide...
The EUR/USD is trading within a tight channel around 1.0750 at the start of Monday after closing last week positively. The technical picture suggests that this currency pair may continue its upward momentum in the near term as the price range widens.
Disappointing data releases from the US weakened the US Dollar (USD) against its counterparts on Friday, boosting...
Currently, the EUR/USD pair is indicating a favorable buy zone at the level of 1.06716. This suggests that traders may consider opening long positions at this price point. As for setting take-profit levels, traders could aim for targets at 1.06824, 1.06910, and 1.06981. These levels represent potential areas where the price could reach before encountering...
Hello all dear traders!
For now, EUR/USD has managed to hold on to positive territory above 1.0750 despite retreating from the new multi-week high it set above 1.0800 earlier in the day. The US dollar struggles to find demand following weaker-than-expected NFP data which in turn supports EUR/USD's realization and distribution well.
In this scenario we still...
EUR/USD fell below 1.0670 yesterday as a surprise wage increase in the US revived concerns about persistent inflation. This reduces expectations of interest rate cuts and causes investors to seek safe haven assets and increase the strength of the USD.
With European markets closed for the Labor Day holiday, investors' only major concern will be the Fed's latest...
Hello all friends!
Currently, EURUSD has regained momentum and rose to as high as the April high of 1.0885 in today's trading session.
The resurgence of bearish pressure on the US Dollar (USD) encouraged EUR/USD to trim Tuesday's losses and reclaim the area well above the 1.0700 barrier on Wednesday. Over the longer term, US Dollar weakness is expected to be...
Hello all dear traders!
EUR/USD fluctuated in a tight channel slightly above 1.0750 early Monday after closing last week in positive territory. The technical picture suggests that the pair could continue to rise in the short term.
Speaking of short-term upside: the release of disappointing data from the US has caused the US Dollar (USD) to weaken reinforcing...
Hello everyone! What do you think—should we buy or sell EURUSD today? Let's delve into this currency pair!
Currently, EURUSD is on a continuing downtrend that has lasted for several months now, and past recoveries appear to have merely served as corrective waves. The latest recovery also faced a similar fate, stalling as prices reached the retracement zone around...
EUR/USD gained traction in the second half of the day on Thursday, maintaining its consolidation phase above 1.0700 into Friday as investors geared up for the highly impactful data release of the week, the April US employment report. Positive shifts in risk sentiment were observed, which exerted downward pressure on the US Dollar during Thursday's US trading...
Hello everyone, let's discuss our strategy for the day!
Overall, EURUSD experienced a significant rally yesterday with the price rising above the 1.0728 level.
In terms of influencing factors: The US dollar faced an intense sell-off as the US Bureau of Labor Statistics (BLS) reported that labor demand remained weak and wage growth slowed in April . The US Dollar...
EURUSD is moving above an ascending trendline on the 4-hour timeframe and currently retesting this trendline.
Considering the situation of the Dollar index and the possibility of a downward movement in the Dollar index, we can expect a bullish move from this range. 📈💶
