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Eurusdanalysis

EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. As of today, due to MARKET RISK being ON, all MARKETS including STOCKS and COMMODITIES are going up a bit. But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation has changed. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So stay tuned for FED UPDATES. - Definitely, according to the market structure, EURUSD can go down to the support level of 1.0290 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. After that, EURUSD can go up to 1.0905 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
by benny_marshall
EurUsd- Top in place and final of correction?Since the low from September at 0.95, EurUsd had a pretty good run, with the pair gaining 1k pips which translates into 10%. However, as I draw attention in my past posts, this is a correction to the overall trend with both technicals and macro fundamentals still intact and not sustaining a strong Eur in the near future. The recent top was very near a very strong and important resistance that lies between 1.07 and 1.08 and although we didn't touch that zone, the pair could have topped. At the time of writing EurUsd is trading exactly on support and a break here would confirm a false up break of the triangle and call for further losses. Considering the 1.06 top, traders should look to sell rallies in search of good R: R considering 1.0250 as the target.
Short
by Mihai_Iacob
14