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Eurusdforecast

EURUSD Forecast – $1.05087 and $1.05825 Range Breakout NeededThe $1.05087 and $1.05825 range is holding the price. In the middle of the week we have a price trying to break outside of the range area above resistance $1.05825 level, but the price returned inside quickly. We have now indecision for the price which must be defined by the breakout on the upside or downside. The current support $1.05087 is stronger than $1.05825 as a resistance so this could be a decision factor next week.
by Frano_Grgic
EURUSD | Perspective for the new weekThe US Federal Reserve delivered a 75 bps rate hike (the largest hike since 1994), triggering recession fears which might ripple across the major pairs in the week. Also, the ECB pre-announced it would hike rates by 25 bps in July; it is obvious that lifting rates also mean higher borrowing costs. Amidst all these development and from a technical perspective, I am looking forward to a bullish momentum with a key level sitting at around $1.04900... However, if price action does the opposite, I will be looking forward to selling at breakdown/retest of the Demand zone @ $1.04000 (which I doubt will happen based on the current structure!). Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EURUSD Daily Setup - Fibo and Cloud Breaking buy confirmationTechnical Analysis: Right now, Current Market Price of EURUSD is 1.0528. We can see that in Daily Time Frame, EURUSD already made double bottom and now making some correction as well. The immediate resistance level is going to start from 1.0628 The Second resistance level is 1.0775 The immediate support level is 1.0467 Considering Fibo, we can see the price of EURUSD is fighting with 0.38 level right now. A strong break out of EURUSD may lead EURUSD towards 0.61 level which is the strongest resistance level and a perfect price for a sniper entry. Considering the cloud breaking strategy, we can also see that during this level, there was a cloud breakout in previous times. We know in Forex, History repeats! Therefore , 1.0628 is one of the best price to enter to the market with a goal to achieve 1.07758. Our Trade: Buy Stop 1.06269 SL# 1.0467 TP# 1.0528
Long
by ForexLab