The EUR/USD pair continued its upward trajectory, reaching our previously identified target of 1.0915 and peaking at 1.0922 during the first trading sessions of this week. Technical Outlook: The technical outlook remains strongly bullish. On the 4-hour chart, the pair is receiving sustained positive momentum from the simple moving averages …
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The EUR/USD pair is trading slightly above 1.0900 in the European session on Friday, exactly at 1.0905 at the time of writing.The US economic calendar will feature producer inflation data for June. Near-term technical outlook points to overbought conditions for the pair.The EUR/USD pair gathered bullish momentum during the North …
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The EUR/USD pair has advanced, reaching our previously identified target of 1.0880 and peaking at 1.0888, confirming the positive outlook outlined in the previous technical report. Technical Outlook: Today’s analysis reveals a strengthening bullish momentum. The pair has broken above the pivotal 1.0840 resistance level (23.60% Fibonacci retracement), which now …
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The EUR/USD pair has been trading within a narrow range, confined between the support level of 1.0800 and the pivotal resistance at 1.0840. Technical analysis indicates a potential for a bullish breakout, but caution is warranted. Key Technical Signals: Support Level: The pair has found solid support near the psychological …
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The EUR/USD pair reached our anticipated target of 1.0845 in the previous week, signaling a continuation of its upward trajectory. Technical analysis of the 4-hour chart reveals several factors supporting this bullish outlook: Key Technical Signals: Resistance Breakout: The pair has decisively broken through the psychological resistance level of 1.0800, …
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After four sessions of consolidation due to conflicting signals, the EUR/USD pair has decisively broken above the key 1.0760 resistance level (50.0% Fibonacci retracement), reaching a high of 1.0824 in early trading today. Technical Outlook: On the 4-hour chart, the pair is now holding above the psychological resistance of 1.0800, …
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The EUR/USD pair continues to exhibit sideways movement, remaining within the 1.0720 support and 1.0760 resistance levels for the fourth consecutive session. Technical Outlook: On the 4-hour chart, the pair is still consolidating below the key resistance level of 1.0760, which coincides with the 50.0% Fibonacci retracement. While the Stochastic …
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The EUR/USD pair has experienced positive trades in early week trading but faces resistance at the 1.0760 level (50.0% Fibonacci retracement). Technical Outlook: On the 4-hour chart, the pair is consolidating below 1.0760, but the simple moving averages (SMAs) are providing support from below, suggesting potential for further upside. However, …
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The EUR/USD pair experienced narrow sideways movement in the previous session, as we maintained our neutral stance due to conflicting technical signals. Technical Outlook: On the 240-minute chart, the pair is currently holding above the 1.0690 level and the main support level at 1.0675. This suggests the potential formation of …
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The EUR/USD pair experienced mixed trading with a negative bias in the previous session, breaking below the 1.0700 psychological support level and reaching a low of 1.0683. However, the pair has since rebounded and is currently stabilizing above 1.0700, notably holding above the 61.80% Fibonacci retracement level of 1.0720. Technical …
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