EUR/USD Upside Breakout In Cards

EUR/USD Upside Breakout In Cards

EUR/USD moves somehow sideways in the short term. It’s located at 1.1796 level higher versus 1.1779 today’s low. The price action signaled that the pair could resume its rebound. It remains to see how the pair reacts around the ECB monetary policy meeting.

Definitely, the Monetary Policy Statement and the ECB Press Conference could bring high volatility and sharp movements in EUR/USD. Also, the US Unemployment Claims and the Euro-zone Consumer Confidence could bring more action.

EUR/USD H4 Chart Technical Analysis!

EUR/USD has found strong support around the weekly S1 (1.1755). Registering only false breakdown with great separation below this level, EUR/USD signaled a potential upside movement.

It has escaped from a minor down channel and now it could move towards the Falling Wedge’s resistance. Technically, the previous H4 candle signaled strong buyers in the short term.

EUR/USD has registered a false breakdown with great separation below the down channel’s resistance and most importantly below 1.1781 static support.

Conclusion!

A new higher high could activate a bullish momentum and could attract more buyers. Only a valid breakout above the next downtrend line could really validate a larger growth.

 

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Olimpiu Tuns

Olimpiu Tuns

Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.

EURUSD Falls Beneath 1.18 As the Market Sentiment Worsens

EURUSD Falls Beneath 1.18 As the Market Sentiment Worsens

EURUSD Price Analysis – July 19

EURUSD is selling beneath 1.18, increasing its losses amid fears about rising US inflation and the spread of the Delta covid strain. In times of turmoil, the greenback gains from capital flows as the challenges weigh on the market mood.

Key Levels
Resistance Levels: 1.2050, 1.1975, 1.1870
Support Levels: 1.1704, 1.1602, 1.1422
EURUSD Long term Trend: Ranging
EURUSD has sunk to fresh multi-day lows, as seen on the daily chart, after extending the recent breach beneath the moving averages 5 and 13 at the 1.18 level. This exposes the possibility of a deeper pullback and a re-test of the psychological support around 1.1740. Under the 1.1800 level, the euro’s underlying bullish attitude is in jeopardy.

At the present, the pair is down 0.30 percent at 1.1765, with immediate resistance at 1.1804 level, followed by 1.1870, and eventually 1.1975 in the immediate. A breach of the 1.1870 level to the upside might take the price to the 1.1975 (2021 Jun. 25) level, en route to the 1.2050 levels.
EURUSD Short term Trend: Bearish
In the meanwhile, the EURUSD intraday bias is now skewed downwards. A break of the horizontal support at 1.1740 might signal the start of the next phase, with a 100 percent forecast of 1.2350 to 1.1975 levels from 1.2266 at 1.1700. On the upside, a break over the modest resistance level of 1.1804 might shift the intraday bias to neutral.

On the downside, the 1.1740 zones provide initial support. The next important level of support is around the 1.1700 marks. Nonetheless, the RSI has not yet reached oversold territory, allowing for more selling. A breach below the 1.1740 horizontal support might lead to a deeper loss, with investors targeting a move beneath the 1.1700 level.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing result

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

EURUSD Flirts Past Mid 1.1800 Following the Rebound From Friday Lows

EURUSD Flirts Past Mid 1.1800 Following the Rebound From Friday Lows

EURUSD Price Analysis – July 5

After recovering at the critical 1.1807 low level, the EURUSD re-entered the mid 1.1800 area, touching the downward moving average (MA 13) on a daily. The US dollar recovers amid a mixed market attitude, while EURUSD is maintaining the lower ground past 1.1850. In the face of a poor Caixin Chinese Services PMI, the pair reverses gains fueled by the NFP.

Key Levels
Resistance Levels: 1.2050, 1.1975, 1.1900
Support Levels: 1.1807, 1.1740, 1.1704
EURUSD Long term Trend: Ranging
Technical indicators are pointing to a possible good near-term trading outcome. The RSI has risen above the oversold zone, but the moving average 5 and 13 has remained strong towards the negative territory. If the price fails to break through the MA 5, it could drop to 1.1740, which has been a difficult level to breakthrough in the last month.

Lower, support might be located around the 1.1704 level, with a break triggering a deeper sell-off towards 1.1625. Furthermore, the bulls would have to break through the support turned resistance of 1.1900 to return the market to a bullish medium-term trajectory. To summarize, the prognosis remains neutral, and traders should wait for a clear upside rise.
EURUSD Short term Trend: Bearish
Following the withdrawal from the 1.1975 level, EURUSD’s corrective downward could extend to new lows beneath the 1.1800 levels until the 1.1750 level’s contention field is reached. The EURUSD intraday bias remains in a range as the prior rebound from 1.1807 continues, albeit weakly.

A break of the 1.1900 level, on the other hand, might show that the consolidation from the 1.1807 level is likely to continue from 1.1870. A further climb is likely, with the 1.1975 high level being retested. Meanwhile, a breach of the 1.1807 support level might shift the bias to the downside, widening the range and ushering in a new period of decline.

NoteLearn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

EUR/USD Inverse Head & Shoulders!

EUR/USD Inverse Head & Shoulders!

EUR/USD has increased in the last hour and now is traded at 1.1905 level higher versus 1.1881 today’s low. Surprisingly or not, the USD has dropped even if the US Existing Home Sales indicator has reported better than expected data.

The outlook remains bearish in the short term, but EUR/USD could develop a strong rebound before dropping again. Better than expected Euro-zone data reported tomorrow and poor US figures could boost EUR/USD.

EUR/USD H4 Technical Analysis

EUR/USD tries to come back to the 61.8% retracement level which represents the first upside obstacle. Jumping and stabilizing above it could really announce a potential growth towards 1.2 psychological level.

On the other hand, staying under the 61.8% level may signal a new bearish momentum towards the 1.1856 former low.

Conclusion!

A bullish fly above 61.8% and a new higher high could indicate more gains in the short term.

 

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Olimpiu Tuns

Olimpiu Tuns

Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.

EURUSD Oversold Conditions Trigger Bounce Towards 1.1900

EURUSD Oversold Conditions Trigger Bounce Towards 1.1900

EURUSD Price Analysis – June 21

On Monday, the single currency sheds some of its recent losses, bringing EURUSD back to within striking distance of the 1.1900 barriers. The oversold conditions triggered a bounce at the sub 1.1900 level given the significant Fed-induced selloff that has been in place since late last Wednesday, EURUSD starts the week on a better platform.

Key Level
Resistance Level: 1.2050, 1.1952, 1.1900
Support Level: 1.1800, 1.1740, 1.1704

EURSD Long term Trend: Ranging
On the daily chart, the EURUSD rises from the 1.1847 level, which is supported by the ascending trendline, and in the event of a pullback, the exchange rate is likely to find support lower at 1.1800. In the larger view, the EURUSD remains constructive while trading above the crucial horizontal barrier of 1.1870.

However, ahead of the current price, the EURUSD faces a difficult resistance in the 1.1952 zones. The comeback from the 2021 lows near 1.1704 (Mar. 31) is consistent with the pair’s longer-term positive outlook. On the downside, the following support levels are at 1.1602, and finally the low of 1.1422.
EURUSD Short term Trend: Bearish
On the four-hour chart, the EURUSD has been struggling to rebound from the lower end of the chart, and currently trades at 1.1891. The Relative Strength Index is below 30, indicating that the market is not out of the oversold region and that more losses are possible.

The next level of resistance for the pair is around 1.1900, which has restricted its price, while more movement beyond the 1.1900 and 1.1927 levels is expected. The low of 1.1800 provides some support, followed by 1.1704 levels, a swing low from last March 31. The 1.1602 level provides a larger cushion.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

EUR/USD Throwback!

EUR/USD Throwback!

EUR/USD seems too oversold to resume its drop, so we may have a temporary rebound. The DXY seems overbought after reaching the 61.8% retracement level. Technically, the pair has developed a potentially bullish signal, but we still need confirmation.

Technically, a rebound is natural after the last massive drop. The Euro-zone Current Account and the German PPI have come in better than expected earlier supporting the Euro.

EUR/USD H4 Technical Analysis!

EUR/USD dropped as much as 1.1885 today where it has found support. Its false breakdown with great separation below the S3 (1.1888) signaled a potential rebound. Now is pressuring the 61.8% retracement level which represents a static resistance.

Jumping and stabilizing above this level followed by a new higher high could really indicate a temporary growth.

Conclusion!

EUR/USD has rebounded but is still located under the 61.8% obstacle. Passing above this level could bring more gains.

 

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Olimpiu Tuns

Olimpiu Tuns

Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.

EUR/USD Temporary Decline Is Over

EUR/USD Temporary Decline Is Over

EUR/USD has decreased a little in the short term but the bias remains bullish. The price has retested the weekly pivot point and now it looks ready to trade higher. The DXY is under big pressure right now ahead of the US inflation data released tomorrow.

Today, the German Trade Balance increased from 14.0B to 15.9B, exceeding 15.7B expectations. DXY’s further decline could weaken the greenback which should drop versus all its rivals.

EUR/USD H4 Technical Analysis!

EUR/USD is traded at 1.2191 and is pressuring the 1.2193 former high, static resistance. Closing above it could signal strong buyers in the short term. Also, jumping and stabilizing above the 1.2201 level could really announce strong growth.

Its failure to stabilize under the 23.6% retracement level or to approach and reach the weekly S1 (1.2095) signaled that we may have upside momentum. NFP data invalidated a potential larger correction.

Some poor US inflation data reported tomorrow could boost EUR/USD. The volatility could be high around this high-impact event.

Conclusion! 

The pair has decreased only to test and retest the weekly pivot point (1.2174) after its aggressive breakout. A new higher high could activate a potential growth towards the R1.

 

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Olimpiu Tuns

Olimpiu Tuns

Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.

EURUSD Confronts Upside Challenge At 1.2200, Dollar Retains Strength

EURUSD Confronts Upside Challenge At 1.2200, Dollar Retains Strength

EURUSD Price Analysis – June 7

The EURUSD pair has so far failed to break over the 1.2250 upside barrier in the last trading week and is currently trading below it. Currently, the pair is holding gains above the 1.2150 zone. In the near term, a move towards a consolidative phase is possible, especially ahead of the major ECB event later this week.

Key Levels
Resistance Levels: 1.2300, 1.2266, 1.2200
Support Levels: 1.2150, 1.2100, 1.2050
EURUSD Long term Trend: Ranging
From the daily chart, amid the recent rebound, a further weakening is not ruled out, although the EUR is unlikely to keep a foothold below the major support level of 1.2100 due to range conditions. A breakout of the 1.2200 level on the upside would imply the prior downturn has steadied. Meanwhile, the EUR’s prognosis remains gloomy, with “additional falls beneath the 1.2100 level not out of the question.”

A clear breach of the 1.2100 level might also shift focus to the 1.2050 low level in the near term. Only a break of the medium-term resistance level of 1.2266 could signal that the EUR’s current bearish phase is over. After hitting a low of 1.2144, the pair is presently trading near 1.2200, representing a 0.25% gain on the day.
EURUSD Short term Trend: Ranging
The intraday bias in EURUSD on the 4-hour time frame remains neutral for some range trading beneath the 1.2200 marks, while the market above may turn bullish. Meanwhile, the 1.2050 support level should restrain the downside of subsequent decline on the pair allowing for another increase.

On the upside, a break of the 1.2266 level could lead to a forecast of 1.1985 to 1.2100 levels from the current level of 1.2150 at 1.2300. The pair is currently indicating a short-term surge to the upside approaching 1.2200 levels. Any further losses might push the pair down below the 1.2150 support level.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing result

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

EURUSD’s upside capped by Friday’s highs

EURUSD’s upside capped by Friday’s highs

Key Support: 1.2180
Key Resistance: 1.22 – 1.2235 – 1.2260

The EURUSD dipped last Friday’s on some very bullish USD momentum pre NY open to test the long term bullish structure and the previous week’s lows.

The USD remains very much fundamentally under pressure and last Friday the DXY faked out of a massive resistance zone and printed a big daily rejection candle closing the week back inside the mid term bearish structure.

We are looking for further bullish momentum here but in order for our setup to be valid we need price to break Friday’s highs. Should this scenario play out we could be looking at a retest of last week’s highs around the 1.2260 level.

Join our VIP Channel HERE

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Orlando Gutierrez

EUR/USD Throwback!

EUR/USD Throwback!

EUR/USD dropped and now it has reached and retested a support area. Technically, the pair is somehow expected to increase as the DXY is at resistance. Still, it remains to see how the price will react after the US data will be released today.

The US data could shake the market in the short term, intraday. EUR/USD increases right now only because the DXY plunged in the last hours. Some poor US data reported today could lift EUR/USD.

EUR/USD H4 Technical Analysis!

EUR/USD registered only false breakdowns with great separation through the weekly pivot (1.2183) signaling a potential rebound. It has also registered a false breakdown with great separation below the immediate uptrend line confirming strong demand.

The outlook is still bullish as long as it stays above the uptrend line. Its failure to stabilize under the weekly pivot point could attract more buyers in the short term.

Conclusion!

Staying above the weekly pivot point (1.2183) and above the uptrend line could bring an upside momentum in the short term.

 

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Olimpiu Tuns

Olimpiu Tuns

Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.