Get started

Eurusdtrading

Eurusd EUR/USD continues to lose ground for the sixth successive session, trading near 1.0610 during the Asian hours on Tuesday. The elevated US Dollar is exerting pressure on the pair, potentially influenced by the higher US Treasury yields. On the upside, EUR/USD is projected to find early resistance at the key 200-day SMA of 1.0827, ahead of the April top of 1.0885 (April 9), followed by the March peak of 1.0981 (March 8) and the weekly high of 1.0998 (January 11), all preceding the psychological barrier of 1.1000. Further advances from here could challenge the December 2023 top of 1.1139 (December 28). The breakdown of the 2024 low of 1.0621 (April 15) could put a probable visit to the November 2023 low of 1.0516 (November 1) back on the radar prior to the weekly low of 1.0495 (October 13, 2023), the 2023 bottom of 1.0448 (October 3), and the round milestone of 1.0400. EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. Confirm Chart
Short
by JohnHarry_7
EURUSD: Oversold on 1D but still bearish long-term.EURUSD turned oversold today on its 1D technical outlook (RSI = 29.517, MACD = -0.004, ADX = 31.573) as it failed to sustain the rebound during the early session. The long term pattern is a Channel Down since the start of the year and this is the second bearish wave for a LL. The 1D MACD is on the second Bearish Cross inside 30 days and even though a short term rebound might be possible, we expect a test of the Channel Down's bottom by the end of the month (TP = 1.05550). That would be on a perfect -4.00% symmetry with the decline of the previous bearish wave. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EURUSD: Potential MACD Bullish Cross makes all the differenceEURUSD is neutral on its 1D technical outlook (RSI = 49.712, MACD = -0.001, ADX = 26.518) and that's exactly how we can characterize its trend on the medium term. Even though both this week and the previous closed on flat 1W candles, the pair remains inside a Channel Down that has just formed a 1D Death Cross. For now that is bearish and that's what we remain, still aiming for a -2.67% decline (TP = 1.06900) since two weeks ago. Notice however the 1D MACD which is near forming a Bullish Cross, something we last saw on February 16th. If it gets completed, it will be a bullish reversal signal, so we will close our short and open long targeting the top dashed trendline (TP = 1.10700). If it fails to get completed like the August 30th 2023 one, we expect an even more aggressive downtrend. The difference this time is that the price already crossed over the 1D MA50, something which didn't happen then. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
Eurusd long EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. EUR/USD stays under bearish pressure and trades near 1.0850 in the American session on Friday as the cautious market mood helps the US Dollar preserve its strength. The pair remains on track to close the second consecutive week in the red.
Long
by JohnHarry_7
EURUSD: 1D Death Cross forming. Bearish or Bullish?EURUSD has erased most of yesterday's "Fed fuelled" gains with a strong 1D red candle that turned the 1D timeframe neutral again (RSI = 48.908, MACD = 0.002, ADX = 36.543). Amidst this volatility a strong technical development is going unnoticed. The pair is about to form the first 1D Death Cross since September 28th 2023 and only second since July 22nd 2021. While this is primarily a bearish technical pattern, the last Death Cross was formed on a market bottom. However the 1D MACD wasn't on a Bearish Cross as it is now. In fact out of the previous five MACD Bearish Cross in the last 12 months, four have been bearish and only once (July 4th 2023), the pair rebounded. The difference then was that the 1D MA50 held Support and initiated a rebound. Same kind of rebound as on December 8th 2023. Both rose by approximately +4%. So based on that past price action, how do we trade the current 1D Death Cross. As shown above, there are far greater probabilities of being a Sell Signal. However we won't trade it without confirmation first. You can see a short term Channel Up and a longer Channel Down. If the price crosses over the dotted top of the Channel Down, we will buy and target the top confluence with the dashed LH trendline (TP = 1.10850). Technically the leg can go even higher to around +4% from the bottom (as mentioned above that was the average rise of the legs that held the 1D MA50). If the price crosses under the Channel Up (naturally closes under the 1D MA50), we will sell and target the dashed LL trendline (TP = 1.06900), which will be a -2.67% from the recent top, like the December 8th 2023 decline. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
EURUSD: Short term sell inside the Channel Up.EURUSD has turned bullish on the 1D timeframe (RSI = 62.360, MACD = 0.002, ADX = 55.342) but on the 4H chart it has started the bearish leg of the 1 month Channel Up. There is still time to sell and target the 0.5 Fibonacci level on a -0.85% decline from the top (TP = 1.08870), like the bearish wave after the Feb 22nd top. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EURUSD: 1D MA50 rejection, potential pullback to 1.07500EURUSD has turned marginally bullish on the 1D timeframe (RSI = 55.444, MACD = -0.001, ADX = 39.548) but today made the second rejection on the 1D MA20 since February 22nd. Based on the 1D RSI uptrend that has started, the price action seems very much like the October 24th 2023 rejection, which pulled back near the 0.786 Fibonacci level. According to that, we expect a short-term correction at least for the pair (TP = 1.07500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
4
EURUSD SELL CONFMIREUR/USD continues to fluctuate in its daily range above 1.0800 in the American session on Friday. The data from the US showed that ISM Manufacturing PMI declined more than expected in February, making it difficult for the US Dollar to gather strength.EUR/USD stays in daily range above 1.0800 after US PMI data EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. FOLLOW MY SIGNAL
Short
by Mark804
EUR USD sell EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. EUR/USD continues sideways grind as markets await key US PCE inflation number Confirm signal EUR USD sell Bast trade EUR/USD fell to an intraday low of 1.0796 before recovering into familiar technical churn as the pair cycles 1.0800. The 1.0840 level is the pair’s key sticking point on Wednesday. A heavy supply zone is priced in between 1.0860 and 1.0840.
Short
by JohnHarry_7
EURUSD: Is parity a realistic scenario?EURUSD is technically neutral both on the 1W and 1M timeframes (RSI = 50.883 and 49.520 respectively), which indicates a lack of trend currently. This is justified technically as the late 2022 - early 2023 rally stopped on an emphatic July 2023 rejection on the 1M MA50. December 2023 gave a second rejection on the trendline, which makes for a technical Double Top. As the 1M RSI is about to cross under its MA trendline whilst on a Channel Up, it resembles December 2009 and October 2016. This is a cyclical behavior, accurately displayed by the wave tool and indicates that as long as the price gets rejected on the 1M MA50, the downside is significant in size aiming not just for a parity again but for a new LL below 0.9500. A 1M candle close over the 1M MA50 negates this pattern and starts a new one, bullish breakout aimed at the 1M MA200 (last rejection there in March 2018). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
2