Until recently, buying USD was one of the most popular strategies in the foreign exchange market, but now investors are less confident in the prospects of the dollar, which caused sharp fluctuations in the greenback last week, despite the "hot" data on US inflation and the hawkish attitude of the...
Analyzing trades on ThursdayEUR/USD on 30M chart
The EUR/USD pair was trading mainly sideways on Thursday. The price was holding near 1.1360 for the entire day, retreating from it by only 30 pips. Unfortunately, the price left the descending channel due to such a distinct flat movement. We...
The bullish swing that originated around 1.1650 in August, failed to push higher than the price level of 1.1900. That's why, another bearish pullback towards 1.1650 was executed.However, extensive bearish decline has pushed the EURUSD pair towards 1.1600 and lower levels was reached.Shortly after,...
During the past few weeks, the EURUSD pair has been trapped within a consolidation range between the price levels of 1.1700 and 1.1900.In late September, Re-closure below the price level of 1.1700 has initiated another downside movement towards 1.1540.Price levels around 1.1700 managed to hold...
Hello, dear traders! On Wednesday, the EUR/USD pair made a reversal in favor of the European currency and returned to the correctional level of 161.8% at 1.1357. The rebound of the quotes from that level will work in favor of the US currency and will resume falling towards 1.1250. Notably, a week...
EURUSD, H4: According to the internal structure, it can be assumed that the EURUSD currency pair forms a global triple zigzag W-X-Y-XX-Z, in which the ascending wave of the bundle XX is built.On the last section of the chart, we see the structure of wave XX, which suggests a double zigzag...
To open long positions on EURUSD, you need:In my morning forecast, I paid attention to the level of 1.1368 and recommended making decisions on entering the market. Let's look at the 5-minute chart and figure out what happened. The data on inflation in the eurozone fully coincided with economists'...
Technical
analysis:
EUR/USD
has been trading downside today and I see potential for further
downside continuation.
Trading
recommendation:
Due
to the breakout of the bearish flag in the background, I see
potential for further drop on the EUR.
My
advice is to watch for selling opportunities with...
EUR/USD
The euro marked a slowdown again after returning to the attraction and influence zone of the past levels that participated in the formation of consolidation. A return to weekly consolidation may once again delay the development of the movement and the strengthening of the advantages of one...
Technical Market OutlookThe EUR/USD pair is back to the trading range after the bullish attempts to resume the rally had failed at the level of 1.1482. The market is currently trading around the technical resistance seen at 1.1361 and it looks like the bulls will be rejected again from this level...
