ForexTrendline

ForexTrendline

Tomorrow, job data is expected, and next week, the U.S. elections take place. These events will lead to increased volatility and unexpected market movements. Yesterday, EURUSD rose to 1,0871, breaking previous highs and reversing the trend on the H1 chart. Other instruments to watch for potential trend reversals include GBPUSD and AUDUSD.

ForexTrendline

Yesterday, EURUSD tested the previous low and bounced back. It remains in a sideways movement ahead of significant events in the coming days. While it stays at these levels, there’s no basis for entry. Later today, the U.S. GDP news is scheduled. Meanwhile, EURJPY and GBPJPY, which we trade in the premium channel, have reached their final targets.

ForexTrendline

There has been no change in expectations for EURUSD from yesterday to today, and there are no solid entry signals. Watch for a breakout from the current sideways movement and a continuation of the trend on the H1 timeframe. Key support levels are at 1,0745 and 1,0731. Important USD news is expected later this week, and U.S. elections are just a week...

ForexTrendline

On Friday, EURUSD closed below 1,0800, signaling a lack of bullish momentum and indicating a continuation of the bearish trend on the H1 timeframe. Important news related to the USD is expected this week, which will have an impact on the market. On Friday, NFP will be released, likely causing increased volatility. At the current levels, we continue to explore...

ForexTrendline

Here’s a daily chart of EURUSD. Yesterday, we highlighted the potential for an upward move following the bounce off the support level. Additionally, an upward trendline from October 2023 has been reached. If today’s session closes at these levels or higher, we’ll be expecting higher values in the coming weeks. You can find your entry point on the smaller timeframes.

ForexTrendline

This is the daily chart of EURUSD. Yesterday, the price dipped below the previous low, leaving a wick. Upcoming USD news will make today's close critical. Watch for a possible rebound and potential upward movement in the coming days. There is no basis for selling at these levels!

ForexTrendline

The bearish pressure in EURUSD continues, and yesterday it broke the previous low. The next support levels are 1,0783 and 1,0745. Meanwhile, EURJPY has broken the resistance of its sideways movement. If the rise continues, the target will be 167,35! GBP is performing better than EUR, which adds extra strength to GBPJPY. These are the opportunities we review...

ForexTrendline

Yesterday, EURUSD tested the previous low at 1,0808. If it breaks through, the next support levels are at 1,0783 and 1,0745. At the current levels, there are still not enough reasons to trade EURUSD, so we are focusing on other instruments with more potential. Here are those instruments again: For buying EUR, consider EURJPY. For selling EUR, consider EURAUD.

ForexTrendline

EURUSD continues to be one of the less favored instruments for trading. This week, there are no significant news events that could have an impact, so we’ll focus on technical analysis. Watch for a potential drop towards 1,0800 and a bounce. Also, keep an eye on GBPUSD and AUDUSD. They are performing better with a weak USD.

ForexTrendline

Yesterday, as expected, the ECB lowered the interest rate, and EURUSD tested the next support level. For now, it’s holding above 1,0800 with no potential for new trades. When you don't have a reason to make a trade, don’t force one—look at other instruments instead. For buying EUR, consider EURJPY. For selling EUR, consider EURAUD.

ForexTrendline

Today, the ECB will announce whether it will lower interest rates again. The announcement is at 1:15 PM London time, followed by a press conference 30 minutes later. EURUSD has broken the support level of 1,0875 and is heading toward 1,0800. There are no grounds for new trades before the announcement. Keep an eye on EURJPY and EURAUD for better opportunities.

ForexTrendline

The decline in EURUSD continues, and it is now trading below 1,0900. The next support level is at 1,0875. There are no favorable trade setups at the current levels. Watch for a reaction at the support level and avoid rushing into new trades. Pay attention to the EURJPY and EURAUD crosses.

ForexTrendline

EURUSD is aligning with our weekly expectations. Following yesterday’s news, we observed a rejection at the 1,0900 level. Highlight the news candle and wait for a breakout above it. Monitor the H1 timeframe for signs of a trend reversal and potential buying opportunities. Key support levels include yesterday’s low and 1,0875. If the price moves upward, watch...

ForexTrendline

EURUSD remains below the 1,1000 level as the market anticipates upcoming news. Key inflation data will be released later today at 1:30 PM (London time). This announcement is critical for the market and is likely to trigger significant price movements. Stay cautious of false breakouts and avoid emotional trading. Keep an eye on potential support rejections,...

ForexTrendline

Yesterday, EURUSD stayed within a narrow 30-pip range. Tomorrow, significant USD news is expected, which will likely trigger the next market move. Until then, our analysis remains unchanged. Key support is still at 1.0875, aligning with the 61.8% Fibonacci level. At the moment, we don’t have any confirmed trade entries, so we're exploring other opportunities...

ForexTrendline

Yesterday, the pair stayed below 1,1000 with little movement. Key market news is expected on Thursday, and that's when we anticipate the next significant move. For now, nothing has shifted. The next major support level is at 1,0875, aligning with the 61.8% Fibonacci retracement. Since there are no current trading opportunities on EURUSD, we're shifting our...

ForexTrendline

Yesterday, EURUSD touched the support level at 1,1005, holding just above it. Today, we're anticipating the release of the NFP data, which will occur at the opening of the US market and is expected to impact price movements. The market's response will guide the next direction. If the support level holds and there's a rejection, look for potential buying...

ForexTrendline

The pair is continuing its pullback, reaching the 1,1030 level. The first significant support is at 1,1005, which aligns with the previous high and the 38,2% Fibonacci retracement. Key USD news is expected tomorrow, which could have a major impact on the market. Until then, there isn't enough confirmation to justify any new entries, so it's best to...