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EUR/USD Daily Chart Analysis For Week of June 6, 2025Technical Analysis and Outlook: During the current trading session, the Eurodollar has exhibited notable volatility, mirroring patterns observed in the previous week. The currency surpassed a significant Mean Resistance level of 1.142 and encountered substantial resistive price action near the crucial Key Resistance level of 1.151. Recent analyses indicate that the Euro is likely to approach the critical Mean Support level at 1.137 and may decline to the subsequent Mean Support level at 1.129. Nevertheless, there exists the possibility of an upward movement from the current level or the Mean Support at 1.137, which could result in a target Mean Resistance of 1.145 and a retest of the Key Resistance at 1.151.
by TradeSelecter
As ECB Ready's "Final Cut", EJ "Begins Reversal"OANDA:EURJPY has began to potentially form a very strong Triple Reversal Pattern, The Head and Shoulders @ the Resistance Level lasted visited May 14th. I say "potentially" because the "Right Shoulder" or recent Lower High has been created but we still wait for the final decline to the "Neckline" or Support Area formed by the Lows separating the "Head" from the "Shoulders" or Higher High from the Lower Highs in the pattern! Signs of Potential Head & Shoulders: 1) Left Shoulder is an Oversold High 2) A Higher High is created at a level of Resistance 3) The Head not only has the Most Volume concentrated in the Pattern, but is also the start of the RSI Divergence from Price 4) Right Shoulder is formed and unable to surpass the Left Shoulder ..Bringing us to a very important tell.. 5) Volume Decreases and logs a 3rd Divergent High in the RSI @ the creation of the Right Shoulder Now we must WAIT for CONFIRMATION of the Pattern! This will come when Price: 1) Declines to the Neckline & 2) Makes Successful Breakout Once the Head & Shoulders is Confirmed and Breakout is Validated: - This could deliver great Short opportunities as a Head and Shoulders Breakout and Retest at the Neckline being the Last Line of Defense for the Bulls if Bears can push Price through and pick up Volume! Fundamentally, BOJ Governor Kazuo Ueda will be speaking on Tuesday, June 3rd where we could see volatility come in for JPY. The ECB is expected to cut rates by 25 bps from 2.4% to 2.15% on Thursday, June 5th and this could be the Last Cut we see the ECB plan to make until they see downside growth risks make more cuts likely.
Short
by Novi_Fibonacci
EUR/USD Daily Chart Analysis For Week of May 30, 2025Technical Analysis and Outlook: The Eurodollar has experienced significant volatility during this week's trading session. It reached a significant Mean Resistance level at 1.142 while also encountering Mean Support at a target of 1.122. Recent analyses suggest that the Euro is likely to revisit the critical target of 1.142, which includes Key Resistance at 1.151 and the completed Outer Currency Rally at 1.157. However, there is a potential for a downward correction from the current level, which could lead to prices retesting the Mean Support of 1.122. There is also a possibility for further declines, reaching the Outer Currency Dip at 1.108.
by TradeSelecter
2
EUR/USD Daily Chart Analysis For Week of May 23, 2025Technical Analysis and Outlook: The Eurodollar has demonstrated significant strength during this week's trading session, attaining a notable Inner Currency Rally at 1.129 and encountering Mean Resistance at 1.137. Recent analyses indicate that the Euro will likely progress towards the forthcoming target levels, specifically the Mean Resistance at 1.142 and the Key Resistance at 1.151. A retest of the completed Outer Currency Rally at 1.157 may facilitate this advancement. However, a potential downward pullback could emerge from the current price range, particularly in proximity to the Mean Resistance level of 1.137, with a possibility of declining to the Mean Support at 1.127.
by TradeSelecter
Euro jumps as Eurozone core CPI risesThe euro is sharply higher on Monday. In the North American session, EUR/USD is trading at 1.1250, up 0.79% on the day. Eurozone headline inflation was confirmed at 2.2% y/y and 0.6% m/m in April, unchanged from the preliminary estimates. The core rate was also confirmed at 2.7% y/y and 1% m/m. Services inflation rose to 3.9% from 3.5%. The European Central Bank will be pleased that inflation was unchanged in the final April release but remains concerned about services inflation, which remains persistently high. The ECB trimmed its key rate by a quarter point to 2.25% last month and meets next on June 5. The markets have priced in another rate cut, as the ECB looks to take advantage of stable inflation and lower rates in order to boost economic growth. The ECB can be expected to be cautious with its rate path and continue its data-driven approach. There is much uncertainty surrounding President Trump's tariffs, which has made it difficult for the ECB to make inflation and growth projections. What is clear is that eurozone growth has taken a hit from the tariffs and the outlook and the outllook for global growth has been revised downwards. The damage from the tariffs could be mitigated if the US and China can reach an agreement which removes the tariffs betweeen them. The uncertainty surrounding US trade policy has also pushed the Federal Reserve into a wait-and-see stance, despite Trump's loud calls for a rate cut. The Fed held rates at this month's meeting and is widely expected to stay on the sidelines again in June. The Fed is waiting for more clarity on the tariff front, but any surprises from inflation or employment data could have a signifcant impact on rate policy.
by OANDA
EUR/USD Daily Chart Analysis For Week of May 16, 2025Technical Analysis and Outlook: During the current trading session, the Eurodollar has exhibited notable signs of weakness, ultimately reaching a critical Outer Currency Dip at 1.111, facilitated by Mean Support at 1.119. Following this decline, the market experienced a pronounced rebound. Recent analysis indicates that the Euro will likely close with a retest of the completed Outer Currency Dip at 1.111, while it may progress towards the next Outer Currency Dip at 1.095. It is essential to highlight that upward "dead-cat" rebounds may arise within the current price range, particularly around the Mean Resistance level of 1.125, and could potentially approach an Inner Currency Rally at 1.129.
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of May 9, 2025Technical Analysis and Outlook: During this week's trading session, the Eurodollar exhibited signs of weakness following a rebound at the Mean Resistance level of 1.137. With decisive, vigorous bearish price activity, the currency pair decisively breached the critical Mean Support level of 1.128. Current market indicators suggest that the Euro will likely close on a Mean Support level of 1.119, moving further towards an Outer Currency Dip at 1.111. However, it is essential to acknowledge that upward dead-cat rebounds may re-emerge at the present price range level.
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of May 2, 2025Technical Analysis and Outlook: The Euro currency has shown weakness in this week's trading session and is resting at the Mean Support designation marked at 1.128. The current trajectory indicates that the Euro is targeted to the downside, with a Mean Support level of 1.119 and an Outert Currency Dip of 1.111. However, it is essential to recognize that upward dead-cat rebounds may re-emerge from the Mean Resistance level or Outer currency Dip.
by TradeSelecter
German inflation higher than expected, Euro dipsThe euro is calm on Wednesday. In the North American session, EUR/USD is trading at 1.1334, down 0.45% on the day. Germany's inflation rate dropped to 2.1% y/y in April, down from 2.2% in March but above the market estimate of 2.0%. This was the lowest level in seven months, largely driven by lower energy prices. The more significant story was that core CPI, which excludes energy and food and is a more reliable indicator of inflation trends, rose to 2.9% from 2.6%. This will be of concern to policymakers at the European Central Bank, as will the increase in services inflation. The ECB has to balance the new environment of US tariffs and counter-tariffs against the US, which will raise inflation, along with the strong rise in the euro and fiscal stimulus which will boost upward inflationary pressures. The ECB will be keeping a close look at Friday's eurozone inflation report, which is expected to follow the German numbers. Headline CPI is projected to drop to 2.1% from 2.2%, while the core rate is expected to rise to 2.5% from 2.4%. The central bank would prefer to continue delivering gradual rate cuts in order to boost anemic growth, but this will be contingent on inflation remaining contained. The markets were braced for soft US numbers but the data was worse than expected. ADP employment change declined to 62 thousand, down from a revised 147 thousand and below the market estimate of 115 thousand. This was followed by first-estimate GDP for Q1, which declined by 0.3% q/q, down sharply from 2.4% in Q4 and lower than the market estimate of 0.3%. This marked the first quarterly decline in the economy since Q1 2022. The weak GDP reading was driven by a surge in imports ahead of US tariffs taking effect and a drop in consumer spending. EUR/USD has pushed below support at 1.1362 and is testing support at 1.1338. Below, there is support at 1.1306 There is resistance at 1.1394 and 1.1418
by OANDA
German inflation higher than expected, Euro dipsThe euro is calm on Wednesday. In the North American session, EUR/USD is trading at 1.1334, down 0.45% on the day. Germany's inflation rate dropped to 2.1% y/y in April, down from 2.2% in March but above the market estimate of 2.0%. This was the lowest level in seven months, largely driven by lower energy prices. The more significant story was that core CPI, which excludes energy and food and is a more reliable indicator of inflation trends, rose to 2.9% from 2.6%. This will be of concern to policymakers at the European Central Bank, as will the increase in services inflation. The ECB has to balance the new environment of US tariffs and counter-tariffs against the US, which will raise inflation, along with the strong rise in the euro and fiscal stimulus which will boost upward inflationary pressures. The ECB will be keeping a close look at Friday's eurozone inflation report, which is expected to follow the German numbers. Headline CPI is projected to drop to 2.1% from 2.2%, while the core rate is expected to rise to 2.5% from 2.4%. The central bank would prefer to continue delivering gradual rate cuts in order to boost anemic growth, but this will be contingent on inflation remaining contained. The markets were braced for soft US numbers but the data was worse than expected. ADP employment change declined to 62 thousand, down from a revised 147 thousand and below the market estimate of 115 thousand. This was followed by first-estimate GDP for Q1, which declined by 0.3% q/q, down sharply from 2.4% in Q4 and lower than the market estimate of 0.3%. This marked the first quarterly decline in the economy since Q1 2022. The weak GDP reading was driven by a surge in imports ahead of US tariffs taking effect and a drop in consumer spending.
by OANDA
Is EURUSD getting ready for another 600 pips bull run?🏆 EURUSD Market Update 📊 Technical Outlook 🔸Short-term: mixed/range 🔸Mid-term: BULLS 2000 🔸Status: accumulation in range 🔸previously x2 waves +600 pips 🔸clearly strong uptrend in progress 🔸Price Target Bears: range 🔸Price Target BULLS: 2000 🔸strategy: accumulate in range 🔸TP1 +200 TP2 +400 pips 🔸SL 60 pips / below accum range 📈 EUR/USD Bullish Drivers 🏦 ECB staying cautious on rate cuts while Fed signals easing 📉 Weak U.S. job and manufacturing data pressuring the dollar 🌍 U.S. trade policy uncertainty pushing investors toward euro 📊 Technicals show strong support, RSI confirms bullish momentum 🔮 Outlook ⏳ Short-term: Targeting 1.1500 if U.S. data stays soft 📆 Medium-term: 1.20 possible on policy divergence and EU fiscal boost
Long
by ProjectSyndicate
29
EUR/USD Daily Chart Analysis For Week of April 25, 2025Technical Analysis and Outlook: In the most recent trading session, the Euro successfully retested the completed Outer Currency Rally level at 1.142 and completed the subsequent target identified within the Outer Currency Rally at 1.157. Consequently, the Euro experienced a firm decline to the Mean Support level of 1.131. However, it is essential to recognize that upward momentum may re-emerge, facilitating a retest of the Key Resistance level at 1.151 or potentially leading to a further decline toward the next support level designated as Mean Support at 1.119.
by TradeSelecter
USD/CHF Bearish Tri Breakout - 5 Signs of a Strong Bearish BreakOANDA:USDCHF Bears have started the week off hot with Price having dropped 1.16% at the time of publication since Market Open. This price decline has seen a Breakout and fresh low after price has been caught in a Bearish Triangle Pattern, formed by Lower Highs into a Support Level. 1) Price has been trading well Below the 200 EMA. 2) After Price makes contact of the 34 EMA Band while attempting a Breakout of the Falling Resistance of the Triangle, it is sent back down into pattern. 3) After the rejection at the Falling Resistance, we see an influx of Volume enter the Markets, ultimately leaning Bearish. 4) All the Price Action while in Pattern has happened while the RSI has been Below 50, adding Bearish Pressure. 5) Price has made a strong Bearish Candle Break so far of the Support Level of the Triangle and the currently Low of Price @ .80684 has given us a new Lower Low, breaking the Support Level Low @ .80983, suggesting Bears have taken the Support Level and will turn it Resistance. ** With all Indications combined, I believe we are looking at a True Bearish Breakout of the Triangle and will be looking for a Break & Retest Set-Up! --> Once Price Confirms the Break and Closes, We should expect a Retest of the Break of Support between ( .80983 - .81141 ) to deliver potential Short Opportunities! Now, Fundamentals: Price Action lately has heavily been influenced by a couple factors: - Federal Reserves current dilemma with deciding to not cut Interest Rates in the assumption that the Tariffs will Rise Inflation while the CPI y/y on April 10th printed a -.4% drop from 2.8% to 2.4% which could create complications later if Interest Rates are not cut soon enough. (If Global Trade slows, that alone will Inflate prices, Tariffs (once applied) will affect as well) - ECB has made the decision to cut Interest Rates 25 bps from 2.65% to 2.4%. This alone in-time will start the act of slowing the economy so the euro doesn't inflate too much and, in theory, will make the Euro seem less attractive for foreign investment. This could leave investors to lean towards one of the worlds most "Safe-haven" currencies, the Swiss Franc with the Franc currently hitting a 10-Year High! www.tradingview.com
Short
by Novi_Fibonacci
2
EUR/USD Daily Chart Analysis For Week of April 18, 2025Technical Analysis and Outlook: During the current trading session, the Euro has demonstrated a successful pullback to the anticipated support level of 1.128, from which upward momentum has emerged. Consequently, the currency is positioned to retest the previously completed Outer Currency Rally level of 1.142, potentially advancing towards the subsequent target marked next Outer Currency Rally at 1.159. However, it is essential to recognize that there is a possibility of downward momentum re-emerging should the Euro challenge the completed resistance at 1.142 or the forthcoming target of 1.159.
by TradeSelecter
ECB lowers rates, Euro edges higherThe euro is showing little movement on Friday. In the European session, EUR/USD is trading at 1.1369, up 0.09% on the day. The ECB lowered its deposit facility rate on Thursday by a quarter-point, bring the rate to 2.25%. This marked the seventh rate cut since the ECB started its easing cycle in June 2024 and interest rates are now at their lowest since December 2022. The markets had expected the rate cut and the euro showed limited movement in response to the move. The ECB's rate cut was largely a response to the chaos around US tariff policy. US President Donald Trump has sharply attacked the EU over its trade policy and slapped 25% tariffs on steel and aluminum imports into the US. The EU retaliated with counter-tariffs but suspended those measures for 90 days after Trump suspended a second round of tariffs on EU goods. The sides are negoatiating but the US has threatened new tariffs on pharmaceutical products and the EU-US trade war could escalate in the coming weeks. The euro has benefited so far from the escalating trade tensions, as hit 1.1476 last week, its highest level since February 2022. The US dollar has sustained sharp losses against the major currencies as investors look for safer shores in the midst of the turmoil in the financial markets. The ECB statement said that the inflation continues to ease but expressed concern over worsening trade tensions which have muddied the economic outlook. ECB President Lagarde said in her follow-up press conference that "downside risks to economic growth have increased" which would likely impact on exports, investment and consumption. The Federal Reserve is prepared to lower rates if necesary but the markets have priced in a hold at 90% the May 7 meeting according to CME Fedwatch. A cut in June is much more likely, with a 60% probability.
by OANDA
1
EURUSD Holds Below 3-Year HighsAs the U.S. dollar lingers near 3-year lows, the euro is testing 3-year highs—holding critical resistance zone at 1.1520. This level marks a pivotal point, further challenging the broader downtrend that has shaped the EUR/USD chart since 2008. A confirmed breakout above 1.1520 could open the door to further upside toward 1.17 and 1.20, revisiting the highs last seen in 2021. Should the euro fail to break higher and begin to retreat, key support levels to watch include 1.1270, 1.1140, 1.1000, and 1.0920. A potential pullback may be amplified if overbought momentum begins to fade—particularly as the current 3-day RSI levels echo those last observed in 2020. Written by Razan Hilal, CMT
by FOREXcom
Dovish ECB Meets Technical Confluence – EUR/USD at Make-or-BreakEUR/USD has been respecting a clear bearish trend structure, consistently forming lower highs and lower lows across the lower timeframes. The pair is currently in a corrective phase, retracing toward the 1.13600 zone, a critical area where the descending trendline, horizontal resistance, and prior support converge. This level could serve as a strong turning point. Fundamentally, the euro remains under pressure as markets anticipate a dovish stance from the ECB amid subdued inflation and softening economic data. Meanwhile we should be very cautious about the dollar with the very mixed war tariffs. A rejection at this level with confirming bearish price action could open the door for a fresh leg lower in line with the prevailing trend. I’m closely monitoring candlestick behavior and momentum signals around 1.13600 for a potential short setup.
Short
by JoeChampion
Will the persistent weak dollar help strengthen the euro? The Trump administration announced a 90-day tariff reprieve and reciprocal exemptions on smartphones and semiconductors. However, President Trump denied that this constitutes a tariff exemption, stressing that duties on items such as semiconductors and pharmaceuticals will be reimposed. Amid growing concerns over the impact of US tariff hikes on Eurozone growth, market sentiment has strengthened around the prospect of further ECB rate cuts. ECB President Christine Lagarde warned that the Trump administration’s aggressive tariff policy could destabilize European financial markets. EURUSD has extended its sharp uptrend, testing the upper boundary of the ascending channel. The widening gap between both EMAs indicates a continued extension of bullish momentum. If EURUSD breaks above the channel’s upper bound, the price could advance toward the resistance at 1.1475. Conversely, if EURUSD falls below the support at 1.1210, the price may decline further toward 1.1050.
by inkicho_exness
EUR/USD Daily Chart Analysis For Week of April 11, 2025Technical Analysis and Outlook: The Euro has demonstrated an exceptional rally during this trading week, revisiting and significantly enhancing its upper trading range by reaching an outer currency rally level of 1.142. Consequently, an intermediate price reversal has been identified, suggesting that the Eurodollar may continue to decline toward the support level at 1.128, possibly extending to the support level of 1.119. It is important to note that upward momentum may emerge from either of these support levels.
by TradeSelecter
2
EUR/USD Daily Chart Analysis For Week of April 4, 2025Technical Analysis and Outlook: The Euro has experienced a notable increase, surpassing resistance levels at 1.086 and 1.095 in the current trading session, thereby completing the Inner Currency Rally of 1.114. However, an intermediate price reversal has been observed, suggesting that the Eurodollar will continue to decline towards the support level at 1.090, with a potential extension down to 1.075. An upward momentum could emerge from either of these support levels.
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of March 28, 2025Technical Analysis and Outlook: The Euro has experienced a downward trend in the current trading session, surpassing the Mean Support level of 1.078, where an intermediate price reversal occurred. The analysis indicates that the Eurodollar is expected to retest the Mean Resistance level at 1.086, with a possible resistance level marked at 1.095. A downward momentum may be initiated from either the Mean Resistance of 1.086 or 1.095.
by TradeSelecter
EURJPY Confirmed Pennant Pattern BreakoutOANDA:EURJPY Long Opportunity Price has made a Breakout of the Falling Resistance of the Pennant Pattern it has been forming the past couple of weeks. The Breakout meets all the requirements needed to be validated as a True Breakout! With Price trading above the 200 EMA, this adds more confirmation that the Bulls are in-control and we can reasonably expect to see price move to the Upside. At the Start of the Following Hour ( 09:00 CST ), I will enter a Long Position on OANDA:EURJPY with my SL below the Retest of the Break!
Long
by Novi_Fibonacci
4
EUR/USD Daily Chart Analysis For Week of March 21, 2025Technical Analysis and Outlook: As indicated in the analysis conducted last week, the Euro has initiated a downward trend following a successful retest of the Mean Resistance level at 1.093. It is currently trending downward toward the Mean Support level at 1.078, potentially declining further to the Mean Support level at 1.061. Conversely, should the anticipated downward trend not materialize, the Eurodollar will retest the Mean Resistance level at 1.087, with an additional resistance level marked at 1.095.
by TradeSelecter