EUR/USD - Technical Analysis & Market Sentiment
📉 Bearish Bias
✅ Moving Averages (50MA & 200MA) - Price is below key MAs, signaling a downtrend. (+2)
✅ MACD - Histogram below the signal line, confirming bearish momentum. (+1)
✅ Parabolic SAR - Dots above price action, indicating a downtrend. (+1)
✅ Donchian Channel - Price near the lower band, reflecting selling pressure. (+1)
✅ Head & Shoulders Pattern - Bearish formation on the Stochastic Oscillator. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
MACD & Donchian Analysis - IFC Markets
Price Action & Moving Averages - XTB
Head & Shoulders Pattern - RoboForex
📈 Bullish Bias
✅ 200-MA Long-term Trend - Price still above the 200-MA, showing some support. (+1)
✅ Stochastic Oscillator - Oversold conditions, potential for a short-term bounce. (+1)
✅ Fibonacci Retracement - 61.8% level acting as possible support. (+1)
🔹 Total Bullish Score: 3
📰 Sources:
Fibonacci Support - XTB
Stochastic Oversold - RoboForex
📊 Sentiment & Market Factors
📉 Eurozone Inflation Drop (- Bearish) - February's inflation slowed to 2.3% YoY, weakening the Euro. Source
📈 U.S. Inflation Rising (+ Bearish) - U.S. CPI increased to 3%, strengthening USD. Source📉 Potential U.S. Tariffs on EU (- Bearish) - New 25% tariff threats from the U.S. add downward pressure. Source
📉 ECB Dovish Stance (- Bearish) - ECB remains cautious, further weakening the Euro. Source
📌 Final Bias: Strong Bearish (Score: 6 vs 3)
📢 💡 Trade Idea: Look for Sell Setups on Retests at resistance levels.
✅ Moving Averages (50MA & 200MA) - Price is below key MAs, signaling a downtrend. (+2)
✅ MACD - Histogram below the signal line, confirming bearish momentum. (+1)
✅ Parabolic SAR - Dots above price action, indicating a downtrend. (+1)
✅ Donchian Channel - Price near the lower band, reflecting selling pressure. (+1)
✅ Head & Shoulders Pattern - Bearish formation on the Stochastic Oscillator. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
MACD & Donchian Analysis - IFC Markets
Price Action & Moving Averages - XTB
Head & Shoulders Pattern - RoboForex
📈 Bullish Bias
✅ 200-MA Long-term Trend - Price still above the 200-MA, showing some support. (+1)
✅ Stochastic Oscillator - Oversold conditions, potential for a short-term bounce. (+1)
✅ Fibonacci Retracement - 61.8% level acting as possible support. (+1)
🔹 Total Bullish Score: 3
📰 Sources:
Fibonacci Support - XTB
Stochastic Oversold - RoboForex
📊 Sentiment & Market Factors
📉 Eurozone Inflation Drop (- Bearish) - February's inflation slowed to 2.3% YoY, weakening the Euro. Source
📈 U.S. Inflation Rising (+ Bearish) - U.S. CPI increased to 3%, strengthening USD. Source📉 Potential U.S. Tariffs on EU (- Bearish) - New 25% tariff threats from the U.S. add downward pressure. Source
📉 ECB Dovish Stance (- Bearish) - ECB remains cautious, further weakening the Euro. Source
📌 Final Bias: Strong Bearish (Score: 6 vs 3)
📢 💡 Trade Idea: Look for Sell Setups on Retests at resistance levels.
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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.
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.