EURUSD fell from its recent high near 1.0950 as the US Dollar regained strength ahead of the Fed’s expected decision to hold rates steady.
All eyes are on Germany’s upcoming debt restructuring vote—which could boost growth and employment—and on US-Russia peace talks, adding to market uncertainty amid looming tariff threats.
Technically, the pair remains above its 1.0950 support and resistance, but its momentum is significantly overbought.
A pullback to the lower channel line may present a buying opportunity.
Trend: LSMA is moving higher this week but is not valid until close on Friday
Momentum: Bullish but Overbought
Japanese Candles: Last week's Shooting Star was unconfirmed and failing this week.
Chart Pattern: Bullish Channel but very vertical. Looking for a pullback.
Support and Resistance: 1.0900 is broken resistance so far this week.
Fundamentals: Eurozone CPI and Fed this week, but both are overshadowed by Germany's raising spending and the U.S. trade war.
Trade: None
Stop: None
All eyes are on Germany’s upcoming debt restructuring vote—which could boost growth and employment—and on US-Russia peace talks, adding to market uncertainty amid looming tariff threats.
Technically, the pair remains above its 1.0950 support and resistance, but its momentum is significantly overbought.
A pullback to the lower channel line may present a buying opportunity.
Trend: LSMA is moving higher this week but is not valid until close on Friday
Momentum: Bullish but Overbought
Japanese Candles: Last week's Shooting Star was unconfirmed and failing this week.
Chart Pattern: Bullish Channel but very vertical. Looking for a pullback.
Support and Resistance: 1.0900 is broken resistance so far this week.
Fundamentals: Eurozone CPI and Fed this week, but both are overshadowed by Germany's raising spending and the U.S. trade war.
Trade: None
Stop: None
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For more analysis, signals, education, and more sign up for Forex Forecast. It's free.
positionforex.my.canva.site/bio-link-site
positionforex.my.canva.site/bio-link-site
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.