EUR/USD Weekly Analysis: Bearish Outlook Lingers
bearish outlook Main Takeaways: The EUR/USD pair remains under pressure due to the ECB’s cautious stance on rate hikes. From a technical perspective, key Simple Moving Averages (SMAs) signal a bearish trend. Market focus now shifts to the upcoming FOMC rate decision for guidance. Weekly Recap Last week, the EUR/USD pair continued its downward trend, […]
EUR/USD Weekly: Bearish Trend Ahead
EUR/USD Weekly: Bearish Trend Ahead Main Points: EUR/USD sees ongoing bearish momentum, closing near 1.06982, a level last seen in June. Challenges ahead as the European Central Bank (ECB) prepares for its interest rate decision. Key technical levels: resistance at 1.0700, 1.0750, and 1.0800, support at 1.0650 and 1.0600. Overview The EUR/USD currency pair continues […]
EUR/USD Weekly Analysis: Navigating Market Trends
Main Points: EUR/USD Weekly Analysis: A Minor Uptick Following Six Weeks of Decline Market Sentiment Impacted by China’s Economic Challenges and Upcoming US Data Technical Analysis Indicates Bearish Momentum with a Critical Support Level at 1.0635 Understanding the Market Delve into the latest EUR/USD weekly analysis, shedding light on a slight uptick observed after six […]
EUR/USD’s Bearish Stride: Understanding the Landscape
Main Points: EUR/USD has shown a consistent downtrend over the past six weeks. The 61.8% Fibonacci retracement acted as a pivotal turning point. 200-day SMA provides key trend information, but its support strength is uncertain. Backdrop: US Dollar’s Strength and EUR/USD’s Downturn The EUR/USD pair, representing the two heavyweight currencies in the forex market, has […]
EURUSD Daily Analysis: Ascending Channel & Upcoming Volatility
Main Points: EURUSD has maintained an upward path in an ascending channel. It recently hit a significant support zone. A break at this support could set the stage for a rise in the coming month. Dissecting the Channel Movement The EURUSD pair, when observed on the daily chart, shows a consistent upward journey within an […]
Euro-Dollar Poised for Bullish Breakout with Bollinger 20 Support!
Alright folks, we’ve seen the Euro-Dollar pair make a mighty surge upwards at Weekly time frame, but it’s taken a step back with a correction lately. Fear not, as it’s currently being propped up by the trusty ol’ middle band of Bollinger 20. This is the perfect opportunity to pounce aggressively and anticipate a further […]
EUR/USD – Will the new year end the positive momentum?
The EUR/USD price ended the month on a strong positive note while the year ended, paring losses partially. The pair looks buoyant, closing above the key moving averages on the daily chart. The 50-day and 200-day moving averages have formed a bullish crossover. Meanwhile, the 50-day and 100-day moving averages made a bullish crossover earlier […]
EUR/USD – Will it remains strongly bullish?
The EUR/USD price remained positive throughout the week until the FOMC meeting revealed a persistent rate hike policy. The US dollar picked strength across the board. Now the focus has turned o Core PCE index data due on Thursday. Technically, the EUR/USD pair remains strongly bullish. However, the price started correcting lower. The probability […]