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Eurusd4h

EUR/USD keeps range below 1.1000, looks to buy ahead of CPIThe EUR/USD pair is struggling to extend its recovery above the 1.0980 immediate resistance at the start of the European session. The pair has felt the downside pressure as the US Dollar is seeing some renewed buying interest ahead of the important US CPI data release. The EUR/USD currency pair has dropped below the 20-day Simple Moving Average (SMA) for the first time since mid-March. While the main bias remains bullish, the Euro is currently lacking strength, raising the risk of a deeper correction. To open the door for further upside, the common currency needs to have a daily close above 1.10150 or a firm break of 1.10530. Ahead of the Asian session, EUR/USD is showing a bearish bias, but it has found support above 1.0952 and the 200-period SMA on the 4-hour chart. However, a drop below this level could increase downside pressure, exposing the next support around 1.0927. If the pair dips below 1.0905, it can cause volatility and accelerate the price decline.
Long
by DNA_TradingFX
EUR/USD:Has EUR/USD started to stop the decline and rebound?Fundamentally, the market believes that the probability of the ECB's terminal interest rate of 4.25% this year is 65%, while last week's terminal interest rate was only 4.00%.The European Central Bank's hawkish bets may help the euro limit its losses in the short term. On the technical side, EUR/USD has rebounded since hitting a low near 1.0530 last week. It has now crossed above the short-term moving average, and technical indicators have also shown signs of a low turning point, indicating that there are some buying orders in this position.However, at present, EUR/USD is still subject to the resistance of the previous support level of 1.058. If this position can be broken through, buyers may show interest, so that the rebound and upward trend can continue, and EUR/USD may expand the rebound to the 1.063 position; according to the current market, the 1.053 position seems to have formed support, and the market will definitely be tested repeatedly in the future. If repeated tests determine that the support is effective, EUR/USD is expected to form a structural arc bottom, which is conducive to the rebound of EUR/USD and constitutes a new round of upward channels. If you encounter resistance in the 1.058-1.063 area during the rebound process, you may continue to test the effectiveness of the support at the 1.053 position. Once the support is shown to be invalid, beware of the risk of a downward trend in the EUR/USD market. Overall, EUR/USD is safe, try to short as high as possible, and it can be shorted at the position of 1.063. In order to facilitate you to continue to follow up on my analysis and sharing, you can like and follow me. In addition, you can enter my channel for free in the following ways to follow real-time views and operational strategies. FX:EURUSD OANDA:EURUSD PEPPERSTONE:US500
Long
by Blessed_V
EURUSD: The long power of the exchange rate is gatheringAs mentioned in our article yesterday, as long as EUR/USD remains above 1.056, the bearish momentum is still limited, and once EUR/USD stabilizes above this position, the euro may point to 1.0650/60.The current exchange rate is 1.06482, which is fully in line with my expectations yesterday. On the fundamental side, more hawkish remarks made by several members of the European Central Bank (ECB) support the euro and support the reasons for increasing huge interest rate increases in the coming months; in addition, the generally positive tone around the stock market is considered to put pressure on the safe-haven dollar and provide additional support for EUR/USD. On the technical side, the continued strength of the pair and its foothold above the convergence resistance level of 1.0645-1.0650 are conducive to the rise of the market.In addition, the oscillators of the daily chart have just begun to move in the positive area and support the prospect of additional gains.However, any further increase may face some resistance in the 38.2% Fibonacci retracement area of about 1.0725, followed by the 50% Fibonacci retracement area of about 1.0785 and the 1.0800 integer mark.Some follow-up buying will negate any recent negative tendencies and will continue to push up EUR/USD. On the 4-hour chart, the exchange rate is currently falling under the suppression of the short-term moving average, and the short-term technical indicators are biased towards the air. However, in the short-term, I think this is a technical correction to the previous increase. It is conducive to the market to consolidate the bottom while accumulating kinetic energy, which is more conducive to the small-level market to rise, and below at the position of 1.0635 is the intersection of the middle Bollinger band and the 30-day moving average support, which has relatively strong support for the short-term market. Taken together, today's EUR/USD short-term operation thinking can go long at 1.0635. FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD PEPPERSTONE:EURUSD CAPITALCOM:EURUSD
Long
by Blessed_V
EUR/USD: The upward momentum will be exhausted, beware of traps!Following the sharp rise in EUR/USD on Wednesday, EUR/USD turned down on Thursday and took back all the gains of the previous day.However, there was a rebound during Friday time, but the currency pair rebounded on Friday and broke through 1.0600. The trend of the euro reflects that the market situation is still relatively tangled at this stage. On Wednesday, EUR/USD rebounded to the 20-day line (SMA) at 1.06844 and fell back in resistance.After falling below the 20-day line on February 2, it did not break through the 20-day line several times during the rebound, proving that there is still a lot of pressure on the market here. The technical indicators of the daily chart are slightly biased to the downside, and there is no clear direction for the time being. The failure to break through 1.0700 indicates that EUR/USD may continue to consolidate around 1.0600. The trend of the 4-hour chart shows that EUR/USD is currently slightly higher than the downward channel since the beginning of February. There is no clear breakthrough signal for the time being. EUR/USD maintains a slight downward tendency. If it returns to the downward channel, the bears may take action, causing EUR/USD to fall to 1.0560 (the midpoint of the downward channel), but as long as EUR/USD remains above 1.0560, the bearish momentum is still limited, and once the exchange rate stabilizes above this position, the euro may point to 1.0650/60. please continue to pay attention to my analysis and sharing, I will bring you a more perfect presentation; click the network button below, everyone is welcome to come and discuss together
Short
by Blessed_V
EURUSD sell from current level EURUSD sell from current level ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
Short
by QuantumLabSignals
1
EURUSD Lucrative Short Opportunity on 4hrEURUSD has been showing signs of Bull exhaustion with continued 4hr Bear Divergence on Bollinger Bands %B Oscillator, having faced resistance at the 1.272 Fib extension as shown on chart. The logical demand area will be the 0.382 Fib retracement which coincides with the 0.618-0.786 Fib Extension zone. Failing that support area, price will test the most likely 0.618 Fib retracement which also coincides with the 0.236 Fib extension area as shown on chart.
Short
by TradeChartist
6