Yesterday’s trading session witnessed a mixed performance for the EUR/USD pair, with initial attempts to rally against the US dollar, reaching its highest point near the psychological barrier at 1.0800. However, the pair swiftly reversed course into a downward trend following the release of strong US inflation data, which bolstered …
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Positive Momentum vs. Psychological Resistance In the early trading sessions of the week, the EUR/USD pair displayed bullish movements, challenging the significant resistance level at 1.0800. However, this psychological barrier prompted a retest of the robust support level at 1.0760, where the pair currently lingers. Technical Indicators at Odds Analyzing …
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Euro/Dollar Pair Navigates Quiet Trading Session with a Positive Bias In the previous trading session, the Euro/Dollar pair demonstrated a subdued yet favorable trajectory, aligning with the anticipated bullish momentum. Notably, the Euro commenced its advance towards the critical 1.0780 resistance level, indicating a potential breakthrough on the horizon. Establishing …
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The EUR/USD pair has demonstrated resilience as it found solid support near the 1.0720 level, initiating today’s trading session with a commendable effort to rebound. Currently, the pair hovers around the critical resistance level of 1.0765, reflecting the market’s ongoing battle for direction. Technical Analysis: Mixed Signals Amidst Intriguing Dynamics …
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The EUR/USD pair has once again succumbed to the official bearish trend, failing to sustain trading above the crucial 1.0860 level. During the previous trading session, it reached its lowest point at 1.0715, signaling a resurgence of bearish sentiment. Technical Analysis Simple Moving Averages and Fibonacci Retracement On the technical …
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The euro exhibited positive momentum against the US dollar, driven by the proximity to a robust support level at 1.0770, marked by the 38.20% Fibonacci retracement. Examining the 4-hour time frame chart from a technical standpoint, the mentioned support level prompted a retest of the formidable resistance at 1.0875, coinciding …
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The Euro continues its downtrend against the US Dollar as anticipated in the previous technical report, reaching the initial target at 1.0810 and registering a low at 1.0812. The technical outlook remains consistent. Examining the 4-hour time frame chart, the Euro is presently consolidating below the sub-resistance level of 1.0860, …
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The euro traded in negative territory against the US dollar in the previous session, following the anticipated bearish movement outlined in the recent technical report. The currency touched the initial target at $1.0810, reaching a low of $1.0796. From a technical standpoint, a closer examination of the 4-hour chart reveals …
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The Euro/Dollar pair experienced predominantly negative trading dynamics in the previous session, influenced notably by the decisions of the European Central Bank, marking its lowest point at 1.0820. In terms of technical analysis today, a detailed examination of the 4-hour timeframe chart reveals the pair’s intraday trading stability below the …
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Positive developments were observed in the Euro/Dollar pair’s movements in the previous trading session as it endeavored to offset earlier losses. Leveraging the support at 1.0840, the pair made a resurgence, testing the resistance at 1.0930 once again. In the context of today’s technical analysis, a closer examination of the …
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