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...
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...
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...
Dear beloved friends, today, after forming a triple top pattern, EURUSD has undergone a more pronounced short to medium-term downward correction as it broke through the support level of 1.075. Chart data, along with the convergence of EMA 34, 89, also signals favorable selling opportunities at the current juncture. It is expected that after this short-term trend...
📌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...
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...
Hello dear traders! In the short term, as mentioned earlier EURUSD is consolidating above high levels with trading activity on the 4 hour time frame. But at the same time there is a potential top at the May high of 1.0812, support is around 1.0755 if this level is breached it could send the EU lower potentially reaching 1.0700. In the medium and long term, the...
Hello all smart and wealthy traders! On general market impact news: EUR/USD remains under modest downside pressure and trades slightly below 1.0750 during the European session on Wednesday. Hawkish comments from Fed officials kept the US Dollar resilient and did not allow the pair to recover. EUR/USD trades near 1.0750, where the Fibonacci 38.2% retracement...
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...
Today, EURUSD continues to move within a descending price channel, with the pair currently trading around the 1.076 level and approaching the upper boundary of the channel. Another downward movement is expected as the selling side continues to firmly defend the price channel!
Hello all dear traders! Let's discuss and strategize our new day! Overall, the EU is facing a decline below the 1.075 breakout support during the Asian session on Wednesday. The main reason is that the US Dollar increased due to expectations that the Federal Reserve will extend higher interest rates, which supported the USD and was detrimental to the EUR....
The EUR/USD currency pair is currently presenting an opportune buy zone, marked at 1.07783. This suggests a strategic entry point for traders seeking to capitalize on potential upward movement in the exchange rate. Setting take-profit levels at 1.08600, 1.08800, and 1.09000 offers a layered approach to securing profits as the pair ascends. Meanwhile, implementing...
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 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...
Hi everybody! The daily rebound in the US Dollar (USD) caused a fresh knee jerk and caused EUR/USD to give up part of its four-session move higher on Tuesday. Once again, the pair failed to retest or break above the key 1.0800 area, which marked its weekly high so far. From the analysis chart, it can be seen that EURUSD has broken out of the previous support...
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 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...