Negative sentiment returned to dominate the movement of the Euro/Dollar pair towards the end of last week’s trading. Despite several attempts, the pair struggled to sustainably breach the psychological resistance level at 1.0700. As trading commences this week, the pair is seen exerting downward pressure, testing the support level at …
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In the previous trading session, the Euro/Dollar pair saw a predominant downward trend, exerting pressure on the psychological support barrier. It remained stable below this level, hitting its lowest point of 1.0774 during morning trading at the time of this report. Upon closer examination of the 4-hour time frame chart …
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The Euro/Dollar pair experienced positive trading during the previous session, initially pushing against the 1.0940 resistance level before encountering resistance. However, the pair began today’s session with a bearish tone, failing to sustain trading above the psychological barrier of 1.0900 and currently trading around 1.0830. From a technical perspective, examining …
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The EUR/USD pair faced strong selling pressure near the 1.0960 resistance level, leading to negative trades and a return to stability below the psychological barrier of 1.0900. From a technical perspective today, examining the 4-hour time frame chart reveals a bearish technical formation supporting the potential for further decline, along …
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The euro continues its gradual ascent against the US dollar, maintaining consistent technical patterns for the third consecutive session. Analyzing the 240-minute timeframe chart, the simple moving averages persist in guiding the price from below, reinforcing the bullish technical structure evident on the chart. With daily trading sustained above the …
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The euro continues its gradual ascent against the US dollar, maintaining consistent technical patterns for the third consecutive session. Analyzing the 240-minute timeframe chart, the simple moving averages persist in guiding the price from below, reinforcing the bullish technical structure evident on the chart. With daily trading sustained above the …
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The technical outlook for the EUR/USD pair remains consistent with a gradual upward trend, with no significant deviations observed as it endeavors to sustain its upward trajectory. Upon closely examining the 240-minute timeframe chart, it is evident that the simple moving averages continue to support the price from below, reinforcing …
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The EUR/USD pair has been exhibiting a relatively subdued trading pattern with a slight inclination towards positive movements, consistently testing the robust resistance level positioned at 1.0960, which it has yet to breach. Examining the technical landscape today, particularly on the 240-minute timeframe chart, it is evident that the simple …
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In our previous technical report, we maintained a neutral stance due to conflicting technical signals. We highlighted that the potential for an upward trend hinged on the confirmation of the EUR/USD pair surpassing the resistance level of 1.0860. Such confirmation would likely bolster the pair’s momentum towards 1.0930, with the …
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The technical outlook for the EUR/USD pair remains consistent, with no significant deviation from the previous analysis. The pair continues to trade within the established sideways price range, bounded by support near 1.0800 and resistance around 1.0860. Examining the 4-hour chart, we observe that the 50-day simple moving average continues …
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