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 …
Read More »EUR/USD Pair Resumes Bearish Trend Amid Technical Pressures 6/2/2024
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 …
Read More »Euro is trying to recover 2/2/2024
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 …
Read More »Euro continues its gradual decline 31/1/2024
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, …
Read More »Euro maintains the negative path 30/1/2024
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 …
Read More »Euro is facing negative pressure 26/1/2024
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 …
Read More »Euro waiting for a signal, all eyes on ECB 25/1/2024
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 …
Read More »Euro is experiencing selling pressure 24/1/2024
The EUR/USD pair experienced a significant decline in the previous trading session. In the last technical report, a neutral stance was maintained due to conflicting technical signals. It was emphasized that a drop below 1.0860 would exert negative pressure on the euro, targeting 1.0800, and indeed, it reached its lowest …
Read More »Euro is waiting for a signal of movement 23/1/2024
The EUR/USD pair experienced subdued trading in the initial sessions of the past week without notable changes. From a technical perspective, examining the 4-hour time frame chart reveals the euro’s attempt to establish stability above the 1.0890 resistance level. Concurrently, the Stochastic indicator is showing efforts to gain additional momentum …
Read More »Euro between critical corrections 19/1/2024
We maintained an intraday neutral stance in our previous technical report, citing conflicting technical signals. The EUR/USD pair exhibited limited changes during the last trading session, fluctuating between levels just above 1.0850 and slightly below the psychological resistance barrier of 1.0900. In today’s technical analysis, a closer examination of the …
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