The EUR/USD pair experienced a session leaning towards negativity, aligning with the anticipated bearish trajectory from the previous report and reaching a low of 1.0844. From a technical standpoint today, examining the 4-hour timeframe chart reveals the pair’s attempt to establish positive stability above the 1.0860 support level, marked by …
Read More »Euro touches the target and negativity persists 17/1/2024
The EUR/USD pair has conformed to the anticipated negative outlook outlined in the previous technical report, reaching the officially targeted level of 1.0865 and hitting a low at 1.0862. In terms of technical analysis today, examining the 240-minute time frame chart reveals continued pressure from the simple moving averages from …
Read More »Euro starts negative against Dollar 16/1/2024
The EUR/USD pair initiated the week with a decline, encountering significant resistance around 1.0960 that prompted a negative trajectory. Presently, the pair is stabilizing near 1.0915. From a technical perspective today, examining the 4-hour timeframe chart reveals persistent pressure on the price from the simple moving averages from above. Additionally, …
Read More »EUR/USD Pair Approaches Key Resistance 12/1/2024
The EUR/USD pair has initiated an assault on the primary resistance level at current trading levels around 1.0960, reaching its highest point close to the psychological barrier of 1.1000. Upon examining the 4-hour time frame chart from a technical analysis perspective, the simple moving averages provide a positive indication, supporting …
Read More »EUR is hovering around resistance 9/1/2024
During the initial trading sessions of the week, the EUR/USD pair exhibited subdued movements, testing the 1.0960 resistance level without successfully breaching it. On the technical front, a closer look at the 240-minute time frame chart reveals the pair’s consolidation below the 50-day simple moving average, exerting downward pressure. Furthermore, …
Read More »EUR touches the downside target 3/1/2024
The EUR/USD pair experienced a significant decline in the previous trading session, aligning with the bearish expectations outlined in the earlier technical report. It touched the second target at 1.0960, marking a low of 1.0938. From a technical standpoint today, a closer examination of the 240-minute time frame chart reveals …
Read More »EUR facing negative pressure 2/1/2024
The upward trend continued to control the movements of the EUR/USD pair, as we expected, touching the official target required to be achieved during the previous technical report, located at the price of 1.1120, recording its highest level of 1.1122. On the technical side today, we are leaning towards positivity, …
Read More »Euro extends its gains 28/12/2023
The upward trend continued to control the movements of the EUR/USD pair, as we expected, touching the official target required to be achieved during the previous technical report, located at the price of 1.1120, recording its highest level of 1.1122. On the technical side today, we are leaning towards positivity, …
Read More »Euro continues its gradual rise 27/12/2023
The euro has maintained its upward trajectory against the US dollar, following the anticipated path outlined in the previous technical report. The currency successfully reached the targeted level of 1.1040, touching a peak of 1.1045. Technical Analysis Overview: Examining the 4-hour time frame chart reveals that the simple moving averages …
Read More »Euro breaks resistance 22/12/2023
Positive trades dominated the euro’s movements against the US dollar as it successfully consolidated above the robust resistance level at 1.0960, initiating an attack on the psychological barrier of 1.1000 and subsequently stabilizing around it. On the technical front today, intraday movements demonstrate stability above the previously breached resistance, now …
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