After breaking above 1.1000, EURUSD started a retracement. If the pullback continues, the next support level is at 1.0865. The price action remains slow, providing an opportunity to enter short positions on lower time frames. As this is a retracement, it's advisable to trade with lower volume and be cautious of potential early reversals!
Yesterday, EURUSD hit our initial resistance level and then pulled back. Identify the news candle and wait for a breakout. A drop below 1,1000 will confirm another bearish leg. Another selling opportunity arises if the price rejects the resistance again. We're avoiding long positions at the current price levels.
Today, we're expecting significant USD-related news. Inflation data will be released during the US session, likely causing increased volatility across most instruments. Yesterday, EURUSD hit its resistance level at 1.1000 and has remained there since. The key now is to observe the reaction following the news and determine the next direction. We need to see if...
Since yesterday, EURUSD has been stagnant, and we're still considering the same approach. Current price levels don’t offer any entry points, and we need to see some rejection before proceeding. Important USD news is scheduled for tomorrow. If there’s no movement in this pair today, it might be best to wait for the news. That’s when the setup should become clearer!
Last week, the pair tested the 1.1000 level but was unable to break through. Important USD news is coming on Wednesday! Watch for a potential rise in EURUSD, but if it fails to continue climbing, there could be an opportunity to sell. Entering a trade at this moment may not be the best strategy. Instead, wait for the price to make a false move in either...
Yesterday, EURUSD dipped below 1.0900 but then rebounded. This rebound served as a buy signal, and we're now anticipating a continued upward movement. Currently, our focus is on targeting the next high, though there's a strong chance it may struggle to break through. Therefore, it's crucial to monitor the momentum of the price. If it lacks momentum, it would be...
Yesterday, EURUSD remained in a range around 1.0900, providing no clear entry points. If the price rises again but fails to break through 1.0968, we might see short-term selling opportunities. This suggests that the pair could lack a clear direction until the end of the week. A buying opportunity could arise if the price falls below 1.0900 and then rebounds.
Yesterday, the pair retraced to 1,0900 after facing resistance. The next significant support level is at 1,0865, which aligns with the 61.8% Fibonacci retracement from the last swing and a previous resistance point. Watch to see if the pair gains enough momentum to test 1,1000 again or if it struggles to build momentum. It may take some time before a clear move...
EURUSD continued its upward movement yesterday, reaching 1.1000. It even exceeded previous highs on the Daily timeframe, but left a rejection wick at 1.0952. It’s crucial to observe whether it has the strength to push higher. Watch for a potential retest of the 1.1000 level after a pullback. At the moment, the current price levels do not offer optimal entries!
With last week’s key USD news behind us, the anticipated weakness in the USD has been confirmed, leading to an increase in EURUSD. This upward movement is expected to continue. The upcoming resistance levels for EURUSD are: 1.0950 1.1000 1.1059 Currently, all long positions should be risk-free. We will have additional buying opportunities following a potential...
Today marks the second major news event of the week for EURUSD. On the first Friday of every month, the US releases its Non-Farm Payroll (NFP) data. This type of news can influence price movements and potentially create entry opportunities. Monitor EURUSD's reaction at the upcoming support levels. The initial support is at 1.0775, followed by 1.0745. A strong...
The Fed kept interest rates unchanged yesterday, which didn't provide EURUSD with a clear direction. The next significant update is the NFP report tomorrow. In the meantime, we need to watch the price to determine if it has the momentum to push higher and surpass previous highs. If it declines again, support is at 1.0775. For now, there are no strong...
Today we're expecting FED's Interest Rate decision. This is the most important event for the market right now! We are also expecting volatility around the press conference which is 30 minutes after the news release. Even though the Interest Rate should stay the same, there will be a lot of movement in price action. It's probably best to reduce the risk if...
EURUSD broke below the support of the range where it was trading sideways. The pair is currently testing it from below and we may see another drop. However, I still prefer to wait for the news tomorrow. The next key support remains at 1,0775 and that's where we may see another reaction. If you currently have any trades open, it's probably best to reduce the...
This week, we anticipate significant news impacting the USD. These announcements will determine the direction for all major currency pairs. On Wednesday, interest rates will be published, followed by the NFP report on Friday. EURUSD continues to trade sideways, seemingly waiting for these events to set a direction. The trend remains bullish on the H4...
EURUSD is still sitting around our first support at 1,0841. It couldn't find enough strength to continue higher and test 1,0900. Right now, we can't say that there is a confirmed entry. We are waiting for a breakout of the current sideways move. The next support is still 1,0775. If it starts pushing up, we will be expecting a break above 1,0900 and price...
EURUSD keeps hovering around our first support at 1,0841. It looked like it was about to continue higher but right now it looks like there's not enough momentum. The GDP data for Q2 will be published today and we're expecting high volatility! In case the price drops further down, the next support level is 1,0775. And if it starts climbing up, then we should...
The pair reached its first support at 1,0841 and it's currently hovering around the level. This is the 38,2 Fibonacci retracement on the last swing move. Watch out for market reaction from that level. In case the price bounces from 1,0841, it will be important to see if there will be enough momentum in an upside move that will take EURUSD again above...