The Euro gained ground against the US dollar in the final trading sessions of last week, successfully consolidating above the critical resistance level of 1.0870. This consolidation serves as a compelling factor, effectively halting the anticipated downward trend. Consequently, the pair is poised to resume its upward trajectory, setting targets …
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In the recent trading session, the EUR/USD pair made tentative positive moves; however, they remained constrained, leading to a return to stability below the key 1.0870 resistance level. Examining the 4-hour chart from a technical standpoint today, indications point to a bearish shift. The Stochastic indicator reflects a negative crossover, …
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The Euro/Dollar pair experienced a predominance of negative trades in the prior trading session, as it hit its zenith at 1.0886, but encountered resistance at this level that effectively curtailed its upward trajectory. As we outlined in our previous technical report, a one-hour candle closing below 1.0860 could exert downward …
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In the last trading session, the Euro enjoyed a surge against the US Dollar, capitalizing on the latter’s fall following inflation data. This defied the bearish scenario we had anticipated, based on trading stability free from the psychological resistance barrier of 1.0700 at the time of the report. It seems …
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The technical outlook for the pair remains consistent, with no significant changes observed in its movements. The bearish trend persisted, concluding last week’s trading above the crucial 1.0640 support level. In today’s technical analysis, we are inclined towards a negative outlook in our trading approach. This is based on the …
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“We maintained a neutral stance in our intraday analysis due to conflicting technical signals and the trading range bound by 1.0640 as the lower limit and 1.0760 as the upper limit. In today’s technical outlook, we are leaning towards a bearish bias, noting the initial formation of a bearish pattern …
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Gold prices continued their downward trajectory as predicted in the previous report, nearing the first official target set at $1945. Early trading in the current session saw gold hitting its lowest level at $1947 per ounce. Upon examining the 4-hour time frame chart from a technical perspective, the bearish technical …
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The EUR/USD pair experienced negative trading in yesterday’s session, following a gradual bearish trend toward the targeted level of 1.0640, ultimately reaching its lowest point at 1.0664. From a technical analysis perspective, a pessimistic outlook is maintained, supported by sustained daily trading below the robust resistance level at 1.0760, marked …
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The EUR/USD pair displayed positive momentum during the initial trading sessions this week, nearing the first target of 1.0760 and reaching a high of 1.0757. Examining the 4-hour time frame chart from a technical perspective, the pair encountered robust resistance around 1.0760, marked by the 38.20% Fibonacci retracement level. Intraday …
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In a remarkable display of strength, the EUR/USD pair secured substantial gains in the final week of trading, capitalizing on the weakening US dollar. It successfully surpassed all predetermined upward targets, reaching a notable high of 1.0746 after hitting the third target at 1.0720. Analyzing the technical landscape today, a …
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