Tag Archives: EUR

As anticipated in the previous report, the EUR/USD pair extended its strong downtrend, achieving the target of 1.0250 and marking a low of 1.0220. Technical Outlook:A closer look at the 4-hour chart highlights continued bearish pressure from the 50-day simple moving average. However, the Stochastic indicator is beginning to show …

The EUR/USD pair concluded last year’s trading with predominantly negative performance, aligning with the bearish scenario outlined in the previous technical report. The pair came within a few points of the anticipated target at 1.0330, reaching a low of 1.0340. Technical Overview:In today’s session, the pair attempted a limited upward …

The EUR/USD pair continues to trade under a dominant downtrend, consistent with the bearish outlook mentioned in the previous report. Current price movements remain stable below the key resistance level at 1.0475. Technical Analysis:The 50-day simple moving average continues to exert downward pressure, reinforced by the Stochastic indicator’s clear negative …

The EUR/USD pair continues to exhibit narrow sideways trading, confined between support at 1.0470 and resistance at 1.0560. From a technical standpoint, the pair remains under pressure below the 50-day simple moving average, reinforcing the likelihood of a bearish continuation. This is further supported by the negative signals from the …

The EUR/USD pair experienced negative trading towards the end of last week’s sessions, exerting pressure on the support level of 1.0470 and recording a low of 1.0453. Technically, the pair is showing attempts at a bullish bounce due to its temporary stability above the strong support at 1.0470. However, the …

The Euro continued its retreat against the US Dollar during the previous session, aligning with the anticipated negative outlook, reaching the first target of 1.0475 and recording a low of 1.0479. Technical Analysis An analysis of the 240-minute chart indicates: Bearish Factors: The simple moving averages are exerting downward pressure. …

The EUR/USD pair encountered strong resistance around 1.0660, forcing it to retreat under negative pressures, marking its lowest level during the previous session at 1.0498. Technically, the 240-minute chart reveals the return of simple moving averages exerting downward pressure on the price, coupled with bearish signals from the Stochastic indicator. …

EUR/USD pair declined to near 1.0520 on Tuesday as investors braced for key economic events, including the US inflation report and the ECB monetary policy meeting.ECB Expected to Cut RatesThe ECB is widely anticipated to reduce its Deposit Facility Rate by 25 basis points to 3% on Thursday. This would …

The EUR/USD pair maintained its upward trajectory within the anticipated positive outlook highlighted in the previous technical report, reaching the first target of 1.0600 and recording a high of 1.0597. Technically, today’s analysis of the 4-hour chart shows the 50-day simple moving average supporting the bullish movement, alongside positive momentum …

The EUR/USD pair ended last week’s trading on a bullish note, surpassing the 1.0560 resistance level and reaching the target of 1.0635, marking its highest level at 1.0635. Technical Analysis: Momentum Indicators: The 240-minute chart shows support from the 50-day simple moving average, alongside the Stochastic indicator signaling positive momentum, …