ForexTrendline

ForexTrendline

Following yesterday’s CPI release, EURUSD saw a decline. Today, all eyes are on the ECB’s Interest Rate Decision, with the FED set to follow suit next week. Later today, the ECB's decision will be announced, followed by a press conference 30 minutes afterward. The trend and support zone on the H4 chart remain unchanged. Mark the news candle from yesterday and...

ForexTrendline

EURUSD continues to trade above 1.1000 as the market anticipates today's news. With CPI data expected to trigger strong volatility, stay cautious of potential fakeouts and avoid emotional trading. Watch for a potential bounce off the support level and a continuation of the main trend.

ForexTrendline

Yesterday, EURUSD hit its initial support level. If you're holding short positions, consider closing your trade or at least partially reducing it. Going forward, it’s advisable to wait for the news to guide the next move. EURUSD may remain relatively quiet today, as it awaits tomorrow's economic events. Keep an eye on market reactions and look for potential...

ForexTrendline

EURUSD recently rebounded from the 38.2% retracement level during its previous upward move. Today’s focus is on whether the pullback will continue or if a new high will be reached, as the NFP report is due later. We expect this event to shape the pair's next direction. We'll wait for the news release and base our entries on the candlestick patterns that...

ForexTrendline

The EURUSD pair remains indecisive, likely awaiting upcoming news to make its next move. Later today, the first set of economic data could influence price action. Keep an eye on a potential rejection at the 1,1134 level and a possible retest of support. Tomorrow brings even more significant USD-related news, which is expected to provide clearer signals for the...

ForexTrendline

The pair hasn't shown much movement, so our current strategy stays unchanged. Key USD news is expected later this week, which will likely influence the next move for this pair. In the meantime, consider waiting or exploring trading opportunities with other instruments. The crucial support level is still at 1,0939.

ForexTrendline

The pair continues to trade above 1,1040. Currently, there are short-term selling opportunities. Consider entering a trade if there is a rejection at 1,1100 or after a break and retest of the support level. In the long term, the uptrend is expected to continue. Keep an eye on significant USD news later this week!

ForexTrendline

On Friday, we analyzed the key levels for EURUSD. The pullback is ongoing, and the pair has already hit the first support at 1.1040. This marks the 38.2% Fibonacci level, so we may observe the price reacting to or even bouncing off this point. If the decline persists, the next key support level will be 1.0939. Short-term selling opportunities may arise if the...

ForexTrendline

EURUSD rebounded from the 1,1200 level and has started a pullback. The key support levels to watch are 1,1040 and 1,0939. These are the 38.2% and 61.8% Fibonacci retracement levels of the latest upward move. Be on the lookout for potential rejections at these levels for buying opportunities. Additionally, USD news later today could trigger further...

ForexTrendline

EURUSD has been moving sideways this week. Later today, during the U.S. session, GDP data will be released, which could influence price action and create trading opportunities. Keep an eye out for potential rejection of previous highs and the start of a pullback. At this moment, there’s no confirmation for long positions!

ForexTrendline

EURUSD remains steady, continuing to trade around 1.1150. Yesterday's movement was mostly sideways, and our outlook for this pair remains unchanged. Currently, trading opportunities should be explored on lower timeframes only. Additionally, keep an eye on any momentum in price in case the pair continues to rise!

ForexTrendline

Yesterday, the EURUSD maintained its position above the 1,1150 level. Watch for a potential rebound at the start of the European session, as this could present an opportunity to enter short-term long positions. If the price breaks above the previous high, the next resistance levels to watch are 1,1208 and 1,1245. Be sure to use less risk than usual, and reduce...

ForexTrendline

On Friday, EURUSD extended its upward movement, reinforcing the bullish trend. However, this week, the pace may slow down due to a lack of significant economic events. It's advisable to wait for a pullback, which could present opportunities for high risk-to-reward setups. All major currency pairs are currently testing key levels, so it's important not to rush...

ForexTrendline

EURUSD remains above 1.1100, in anticipation of upcoming news. Today, we have a press conference from Jerome Powell, the Federal Reserve Chairman, which could introduce some volatility before the session ends. Pay attention to how the weekly candles close, as this will help predict the market's next potential moves. At present, we are not considering trades in...

ForexTrendline

Yesterday, EURUSD hit a new high, continuing its uptrend. At the current price levels, the risk-to-reward ratio for long positions isn't favorable. Monitor whether this upside momentum will sustain the price above its previous high. Key USD news is expected tomorrow, which could influence the weekly close and potential future movements. Avoid trading without...

ForexTrendline

EURUSD is maintaining its upward momentum and has reached a key resistance level at 1,1112. Currently, there are no viable trading opportunities at these price levels. The ongoing momentum hasn't shown signs of ending, and there are no pullbacks to leverage. As a result, buying at this point doesn't offer a favorable risk-to-reward ratio. Similarly, there’s no...

ForexTrendline

Yesterday, EURUSD continued the upside move, reaching 1,1087. The next significant resistance level is at 1,1112. Be prepared for potential reactions around this level, which could trigger a pullback. Today, we might see short-term buying opportunities if the price bounces off the support around 1,1050. Any positions opened near these levels should be managed...

ForexTrendline

EURUSD is on the rise, now challenging its previous high. At the moment, the current price levels don't offer any clear trading opportunities. We can only consider entering a trade after a pullback or a break and retest. It's crucial to determine if the trend has enough momentum to continue. A deeper retracement is also possible! Key USD news is expected at...