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USDCHF let's wait for longs guys The dollar headed for its best weekly performance in a month on Friday, as investors priced in the possibility of the Federal Reserve cutting rates more slowly next year, while sterling fell after a surprise contraction in UK economic activity. The U.S. currency held firm against the euro and Swiss franc following rate cuts by those central banks a day earlier, and rose against the yen after reports that the Bank of Japan could forgo a rate hike at its meeting next week. The dollar index, which measures the currency against six others, was flat at 106.94, but still set for a weekly gain of nearly 1%, its biggest in a month.
by admiretira
EURUSD analysis week 51🌐Fundamental Analysis The outlook for the US dollar remains firm after the Fed's rate cut. ECB's Patsalides postponed the prospect of a larger rate cut and advocated gradual policy easing. The US dollar (USD) maintained its strength on Thursday after outperforming its hawkish Federal Reserve (Fed) dot-matrix rivals on Wednesday. Upbeat macroeconomic data from the US continued to support the currency. However, EUR/USD maintained its position. 🕯Technical Analysis EURUSD is recovering to the resistance level of 1.045. This is the confluence of EMA and strong selling pressure to break the old resistance. And now this is the immediate resistance level that the pair needs to overcome if it wants to resume the uptrend. The main resistance for next week is seen around 1.053 as a break of this zone confirms the uptrend. On the other side, after breaking last week's bottom at 1.034, the area that will help EURUSD price to survive a long slide is the support zone at 1.029. 📈📉Trading Signals BUY EURUSD 1.029-1.027 Stoploss 1.025 SELL EURUSD 1.052-1.054 Stoploss 1.056
by TVS-Trader
EURUSD Is Going Up! Buy! Please, check our technical outlook for EURUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 156.354. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 157.858 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURO - Price can decline to support area and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price started to trades in flat, where at once fell to resistance level, which is located in resistance area. Then price started to grow and rose to top part of flat, making a first gap, after which started to decline. In a short time, Euro fell below $1.0770 level, breaking it and exiting from flat and continuing to fall in triangle. In this pattern, price fell to support level, after which made a second gap and rose to resistance line. Then EUR turned around and in a short time declined to support area, after which rose back, making a fake breakout. Now I think that Euro can fall to support area and then bounce up to $1.0570, exiting from triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
EURUSD LONGTERM VIEWHello fellow traders, lets see this fish catch the highest view on FX:EURUSD this idea base on fibs 2.31. the rally point reached but this low might test for only few Pips for to clear. This is only my view. For longterm traders or swings. this might help you. lets see how this year end and the starting of 2025. Im expecting 6 months of this idea to works. Follow for more. if this breaks the rally point then this idea invalid. I will update once the lows being broken or the price can reach 1.02250 or break this price point. This is not a financial advice. Follow for more Longterm view or swing trades. Trade against the market or trade against the most retail know. See you next year. This will be my Last post for this year. Other pairs will be updated next year 2025. Have a happy Christmas and New Year ahead. ciaoooooo..
Long
by D1GITALTRADES
2