The EUR/USD pair has been trading sideways, attempting to hold above the support level of 1.0760. However, positive movement has been limited, with the pair struggling to rise above the main resistance at 1.0850. Technical Analysis: On the 240-minute chart, the 50-day simple moving average indicates potential for further decline, …
Read More »EUR/USD pair continued its declin 18/10/2024
The EUR/USD pair continued its decline as expected, marking the longest series of daily losses in a year. Technical Analysis: Today’s analysis suggests that the pair is likely to maintain its downward trajectory, supported by negative pressure from the simple moving averages and the formation of a bearish double top …
Read More »Euro falls, eyes on ECB 17/10/2024
The Euro continues to decline against the US Dollar, following the expected downward trajectory as noted in the previous analysis, confirming the break of the 1.0880 level. Technical Outlook: Today’s analysis maintains a bearish outlook for the EUR/USD pair, with negative pressure driven by simple moving averages that support continued …
Read More »Euro continues to achieve bearish targets 16/10/2024
The EUR/USD pair continued its decline, as anticipated in the previous technical report, hitting the target of 1.0880 and recording a low of 1.0878 during the morning session. Today’s analysis suggests the downward trend may persist, with negative pressure continuing from the simple moving averages, supporting the decline. The bearish …
Read More »Euro confirms the break 15/10/2024
The EUR/USD pair began the week with a notable decline, aligning with the anticipated downward trajectory from the previous technical report. The pair hit the target of 1.0880, with its lowest level recorded at 1.0882 during morning trading. From a technical standpoint, on the 4-hour chart, the simple moving averages …
Read More »Euro holds steady below resistance 9/10/2024
The EUR/USD pair experienced negative trading in the previous session, diverging from the expected upward trend outlined in the last technical report, where we relied on the pair maintaining stability above the psychological support level of 1.1100. As previously indicated, breaking through 1.1100, and more importantly 1.1095, would halt the …
Read More »Euro presses support 3/10/2024
The EUR/USD pair experienced negative trading in the previous session, diverging from the expected upward trend outlined in the last technical report, where we relied on the pair maintaining stability above the psychological support level of 1.1100. As previously indicated, breaking through 1.1100, and more importantly 1.1095, would halt the …
Read More »Euro retests support 1/10/2024
Negative trading dominated the movements of the euro against the US dollar during the first trading session of the current week, with the pair encountering a strong resistance level around the psychological barrier of 1.1200, which resulted in a bearish bias. On the technical side today, and with a closer …
Read More »Euro faces temporary hurdle 27/9/2024
The euro experienced limited positive attempts against the US dollar, trying to break through the psychological resistance level of 1.1200, reaching a high of 1.1189. From a technical perspective today, we notice that the pair has struggled to stabilize temporarily above the 1.1200 resistance level, acting as a temporary obstacle. …
Read More »Euro needs extra momentum 26/9/2024
Positive trading dominated the movements of the euro against the US dollar, reaching its highest level during yesterday’s trading session around 1.1214. Technical Analysis: Today, we observe that the pair failed to maintain stability above the psychological resistance level of 1.1200, resulting in some negative movements. A closer look at …
Read More »