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Eurusdupdate

EUR/USD 1 hour chart analysis: 60 pips fall?Dear traders, EUR/USD has been struggling to break the 1.0785 level for the last 12 hours. If you look at the hourly chart, you can see plenty of bearish candlesticks in the congestion zone that I have highlighted in my chart. So, based on the above, if the price doesn't break the 1.0785 level, EUR/USD can fall back down to the 1.0720 level . Short-term traders can take advantage of this and bag 50-60 pips profit from the potential fall in EUR/USD.
by YourLazyTrader
13
EURUSD: Things you need to know!Fundamental analysis: The support and resistance zones are effectively fulfilling their role, as usual, by eliciting a response above the gold price line. The RSI indicator indicates that liquidity is slowly accumulating, which suggests a potential reversion to a downtrend. Market overview: The EUR/USD rose again, posting its highest daily close in a month above 1.0800, despite the US Dollar's recovery triggered by the hawkish hold from the FOMC. Attention now turns to the European Central Bank (ECB) meeting and upcoming US data, which could become more relevant given Fed Chair Powell's statement that the July meeting will be a 'live' meeting." The ECB will have its Governing Council meeting on Thursday. It is expected to hike interest rates by 25 basis points. The key for the Euro will be the language used in the statement and ECB President Lagarde’s comments during the press conference. Probably, she will repeat that they are not done raising rates. If the meeting turns out to be 'dovish', with signals of a potential pause, the Euro could suffer.
Short
by Sphyn-Trader
3
BluetonaFX - EURUSD 12/06/2023 Key Levels UpdateHi Traders! PLEASE SEE LINK TO ORIGINAL IDEA BELOW.  Our vector level of 1.08047 is still holding; we reached this level yesterday but failed to break and close above the level. Traders are still attempting to break and close above this level today, so we will see if it happens this time.  The volume in the markets this morning is very thin, so please take caution as we have the Federal Reserve's interest rate announcement later today. Please do not forget to support us by liking, following, and commenting on our posts; this helps us greatly. Thank you for your support. BluetonaFX
by BluetonaFX
2
EURUSD 05/06/2023 TRADING LEVELS UPDATEHi Traders, PLEASE SEE LINK TO ORIGINAL IDEA BELOW. Rounding off the week with an update to our forecasted EURUSD levels on the 1D chart. After the bounce from the 78.6% Fibonacci support level, there was a bullish push upwards (highlighted on the chart) and we have now pulled back near our forecasted Vector Resistance 1 level at 1.08047. The trading range on EURUSD was quite small this week as we have traders waiting for both the ECB & Federal Reserve interest rate decision announcement next week. We will continue to analyse the markets and will have new levels for you for the upcoming trading week. Please do not forget to like, comment and follow. Thank you for your support. BluetonaFX
by BluetonaFX
4
EURUSD: Tumultuous week!Overview of the market On Tuesday, the EUR/USD experienced a slight increase of fewer than 30 pips. However, this was enough to make it the Euro's best day in over a week. The pair's rebound was due to a decline in the US dollar against European currencies and the yen, after hitting two-month lows at 1.0670. In Spain, data indicated a decline of 0.2% in the Harmonized Index of Consumer Prices in May, causing an annual rate fall from 3.8% to 2.9%, which was larger than expected. Although this news was positive for the European Central Bank (ECB), it could have negative implications for the common currency. Inflation data from Germany and France is due on Wednesday, which could ease tightening expectations from the ECB if preliminary May estimates also show significant declines in their annual rates.
Short
by Sphyn-Trader
1
EURUSD: Anticipating Non-farm!EUR/USD advances toward 1.0750 amid US debt deal optimism Fundamental technical analysis: The Relative Strength Index (RSI) continues to be present in the middle. The average price is still declining, with the 34 EMA and 89 EMA staying steady, creating a consistent downtrend over a period of time. Additionally, the flag pattern has begun to take shape. Market overview: On Friday, EUR/USD started to rise after a four-day decline that resulted in the pair reaching its lowest level in over two months near 1.0700. The near-term technical outlook does not yet show a bullish inclination in the short term, and the next directional move may be influenced by the Personal Consumption Expenditures (PCE) Price Index data from the US later in the day. The US Dollar (USD) was boosted on Thursday by positive macroeconomic data releases from the US, which revived expectations for one more Federal Reserve (Fed) rate increase in June. The US Bureau of Economic Analysis revised the first-quarter annualized Gross Domestic Product growth to 1.3% from 1.15 in the initial estimate, and the weekly Initial Jobless Claims came in below the market expectation of 245,000 at 229,000.
Short
by Sphyn-Trader
7