EURUSD Holds Within the Mid-1.1500s, Held by the Greenback’s Recovery

11 October 2021 | Updated: 12 October 2021

EURUSD Price Analysis – October 11

The EURUSD pair is under siege from sellers, dragging prices back to the mid-1.1500s at the start of the week. The recovery of the dollar’s buying sentiment, combined with higher US rates across the curve, encourages the US Dollar Index’s price action to shift to the upside.

Key Levels
Resistance Levels: 1.1850, 1.1750, 1.1640
Support Levels: 1.1529, 1.1422, 1.1250

EURUSD Long term Trend: Bearish
Daily, the EURUSD appears fragile, and consolidation below 1.1529 could set the stage for more losses. Deviation from levels over 1.1650, which marks the upper limit of a broad range, may pick up speed. The 1.1422 level could be approached if the daily exit is below the horizontal support level of 1.1529.

Following the drop, the EURUSD will encounter resistance in the 1.1640 price range, where it reached intraday highs in early October. If the pair continues to rise over the indicated resistance level, it will be exposed to the daily moving average 13 at 1.1623 and horizontal barrier at 1.1640.

EURUSD Short term Trend: Bearish
The EURUSD is still trading in a range below 1.1600, and the intraday sentiment is within the usual range. The breakout of the 1.1750 level, on the other hand, may validate the scenario in which the consolidation from the 1.1908 level concluded at the 1.1529 level.

Further gains might lead to a retest of 1.1640 and a break of the 1.1908 high. A break of the 1.1529 support level, on the other hand, will catalyze the downtrend and lead to another round of drop. EURUSD is now trading lower in the short term, with 1.1500 expected to provide immediate support for further losses.

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EURUSD Gains Toward 1.1640, Dollar Pressured Following Steady Yields

4 October 2021 | Updated: 4 October 2021

EURUSD Price Analysis – October 4

Following last week’s severe decline to lows at 1.1562, the pair rallies for the second straight session and reclaims the moving average 5 areas near 1.1640. The single currency returns towards its upside zone and brings the EURUSD pair back above the 1.1600 area at the start of the week. The present recovery in the pair is aided by the offered note in the greenback, with sustained rates in the US bond market also contributing to USD selling pressure.

Key Levels
Resistance Levels: 1.1750, 1.1704, 1.1640
Support Levels: 1.1562, 1.1460, 1.1150
EURUSD Long term Trend: Bearish
Thinking long term, the rebound perspective on EURUSD is expected to remain constant as long as the pair trades above the horizontal level at 1.1602 today. At 1.1640, the EURUSD is seeking to push towards the horizontal resistance level at 1.1663. The RSI indicator has just bounced from the oversold, signaling a further rise.

The EURUSD maintains its bullish tendency as it jumps for yet another session, pushing the pair beyond the 1.1600 mark to a fresh weekly start. The rally may continue to the next level of cluster resistance at 1.1750. It may continue to be the preferable scenario as long as the support level remains intact at 1.1562.
EURUSD Short term Trend: Bearish
The break of the minor resistance level of 1.1640 by the EURUSD may undermine the initial gloomy outlook and implies that the recovery from the level of 1.1562 is still ongoing. Intraday bias is now on the upswing towards the 1.1663 level. The breach could pave the way for a re-test of the 1.1908 level in the 4-hour time frame.

On the downside, the decline from 1.1908 to 1.1562 at 1.1622 should be extended below the 1.1602 barriers. The breakthrough of the 1.1640 level, on the other hand, will be the first evidence that the correction from the 1.1908 level has concluded. The intraday bias will attempt to ascend to 1.1663 for validation once more.

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EURUSD Trading Beneath 1.1700 Amid a Weaker Dollar, German Election

27 September 2021 | Updated: 27 September 2021

EURUSD Price Analysis – September 27

After a three-week slump under 1.1720 into the early American session, EURUSD sellers are still at odds with buyers. The US Dollar Index depreciates little but remains over 92.70. The euro is being weighed down by Germany’s election results, following ECB’s Lagarde speech.

Key Levels
Resistance Levels: 1.1805, 1.1804, 1.1750
Support Levels: 1.1683, 1.1663, 1.1602
EURUSD Long term Trend: Ranging
EURUSD is attempting to stay afloat the horizontal support line at 1.1704, which it did in mid-August, but maybe struggling to do so. The Relative Strength Index is now beneath the midpoints, however indicating that oversold conditions aren’t yet visible on the daily chart.

Near-term resistance is likely around 1.1750, which was also a low point in July. The level of 1.1908, another peak from the same period, is followed by the level of 1.1975 as a key resistance zone. At 1.1663, some support is expected. The 1.1909 level, the September high, is followed by the 1.1975 level.
EURUSD Short term Trend: Ranging
For the time being, the EURUSD intraday mood is favorable. The current situation shows that the sideways trade that began at 1.1.1909 has concluded at 1.1683. Further rallies are expected to retest the 1.1900 level in the next sessions. The pair may continue to range throughout the session.

The general bounce from the 1.1683 level could be restarted if it breaks out. A violation of the minor support level at 1.1663, on the other hand, might shift the projections and lead to a neutral intraday bias. As long as the 1.1704 resistance turns into support, this could be the favored situation.

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EURUSD Continues To Lose Steam While Trading Near 1.1700

20 September 2021 | Updated: 20 September 2021

EURUSD Price Analysis – September 20

The single currency opens the week in the same gloomy mood as it ended the previous one, dragging EURUSD closer to the critical base level of 1.1700. Before the Fed’s second FOMC meeting this week, the US dollar is mounting a broad-based surge as the DXY hits a new high of 93.40.

Key Levels
Resistance Levels: 1.1908, 1.1850, 1.1804
Support Levels: 1.1663, 1.1602, 1.1422
EURUSD Long term Trend: Bearish
The pair is currently trading at 1.1708, with the next support at 1.1663, followed by the 1.1602 low, and lastly the 1.1422 low. A break of 1.11750, on the other hand, would target 1.1804 on the way to 1.1909 (monthly high). A rising negative bias is indicated by a bearish RSI along with bearish 5 and 13 moving averages.

At the present, the pair is down 0.15 percent at 1.1705, with immediate resistance at 1.1750 Friday, Sept 17 low and eventually 1.1804. A breach of the 1.1804 level to the upside might take the price to the 1.1909 (2021 Sept. 3rd) level, en route to the 1.1975 levels.
EURUSD Short term Trend: Bearish
The EURUSD continues to tumble today, with an intraday leaning towards the 1.1704 support level. The resumption of the corrective drop from the level of 1.2350 will be confirmed by a breakthrough. On the upside, a break over the modest resistance level of 1.1804 might shift the intraday bias to neutral. On the downside, the 1.1663 zones provide initial support.

A break above the modest resistance level of 1.1804, on the other hand, will primarily influence intraday sentiment. In the event of a rebound, however, the risk may remain downtrend as long as the 1.1850 resistance level is held. EURUSD is now trading lower in the short term, with 1.1663 expected to provide immediate support for further losses.

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EURUSD Continues To Fall to Levels Below 1.1800, Dollar Seems Firmer

13 September 2021 | Updated: 13 September 2021

EURUSD Price Analysis – September 13

In early Monday trading, the EURUSD opens the week in the red and continues its decline below the 1.18 level. At the time of writing, the pair has dropped even further, reaching new 3-week lows in the 1.1770 level. The resurgence of weakness is in response to the dollar’s continued recovery.

Key Levels
Resistance Levels: 1.1975, 1.1908, 1.1850
Support Levels: 1.1704, 1.1663, 1.1602
EURUSD Long term Trend: Bearish
For the time being, price movement around EURUSD is useless, as it is capped beneath 1.1800. The pair’s outlook is neutral, and bearish moves are solely considered corrective. The pair is currently trading at 1.1784, down 0.20 percent, and facing an immediate challenge at 1.1750, 1.1663, and ultimately 1.1602.

A break over 1.1804, on the other hand, would target 1.1850 on the route to 1.1908. The climb from 1.1602 is considered the bullish phase of the pattern that began with 1.0339. A fresh surge towards the cluster resistance around 1.2350 is expected. As long as the 1.1602 resistance turned support is held, this will remain the better case.
EURUSD Short term Trend: Ranging
The EURUSD has a negative intraday bias. The decrease from 1.1909 could attempt a retracement from 1.1750 to 1.1909 at the level of 1.1804. For the time being, such a drop is viewed as a necessary corrective action. As a result, we may strive for firm support from the 1.1750 marks to include the downside and deliver a rebound.

Nonetheless, a persistent break there might lead to a retracement at the 1.1704 level. On the upside, a break of the moderate resistance level above 1.1804 would turn intraday bias neutral. In general, momentum is becoming more and more appropriately positioned with near-term rallies with a chance to sell.

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EURUSD Stays Under Assault Beneath 1.1900 Despite Dollar Bounce

6 September 2021 | Updated: 6 September 2021

EURUSD Price Analysis – September 6

During the European session on Monday, the EURUSD is under pressure, trading below the 1.1900 marks. The stronger dollar has pulled the pair down to around 1.1860 intraday low at the time of writing. As the US dollar gains support after a dismal NFP-driven fall, the pair is retreating.

Key Levels
Resistance Levels: 1.2050, 1.1975, 1.1908
Support Levels: 1.1850, 1.1804, 1.1750
EURUSD Long term Trend: Ranging
The common European currency is projected to sustain support around 1.1850, with a break below that level taking it to the next support level of 1.1804. The initial resistance level for the pair is projected to be at 1.1908, and a breakthrough might carry it to the second resistance level of 1.1975.

The initial rebound from the level of 1.1663 low is seen as a corrective situation in the long run. In the case of another increase, however, a pullback of the level at 1.1908 to 1.1804 at 1.1850 might limit the upside. A persistent break of the level at 1.1908, on the other hand, might change this bearish pattern and push the correction forward.
EURUSD Short term Trend: Ranging
The EURUSD intraday bias is currently tilting to the negative, and the pair is trading near its medium-term resistance level of 1.1908. As of now, a corrective rebound from the level of 1.1850 is predicted to be complete on a break at the level of 1.1908. A further drop could be witnessed to retest the low of 1.1804.

Meanwhile, a breach there might trigger a broader downturn towards the 1.1750 level. Above its near-term resistance level of 1.1908, the FX pair may lose its intraday bias neutrality, indicating short-term upside (as per its long-term uptrend).

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Renewed Dollar Selling Drives EURUSD To Break the 1.18 Mark

31 August 2021 | Updated: 31 August 2021

On the back of the increased offered position in the dollar, the pair trades in new multi-week highs as investors analyze Powell’s post-Jackson Hole remarks and cautionary message, while month-end flows add to the USD’s gloom.

Dollar selling resumes today, with the EUR/USD finally breaching through the 1.18 level. The NZD, on the other hand, is making a strong comeback after the Covid case number fell to its lowest level in six days. However, the markets remain split elsewhere, with the Euro showing some more strength, followed by the Sterling. The Canadian and Australian dollars lag behind the New Zealand dollar.

Following Friday’s strong rebound and Monday’s ambiguous market action, the EUR/USD has advanced further north of the 1.1800 line. However, the move has stalled ahead of 1.1850 thus far on Tuesday.

Eurozone Shrugs Off a Rise in the Consumer Price Index

In recent months, inflation has been a term among central banks, particularly in the United States. Despite the Fed’s assurances that inflation is only temporary and will subside, the markets continue to be concerned. The ECB is in the odd situation of having to cope with an increase in inflation while also reassuring investors that the increase is only transitory. This message, however, is unlikely to please the markets, which are expecting the Bank to provide some insight into a prospective taper.

The European Central Bank recently updated its forward guidance, stating that it will not raise rates unless there is evidence that inflation will remain “durably” near the two percent objective. For years, inflation has been considerably below the two percent target, but it is expected to exceed it this year.

At the September meeting, policymakers are anticipated to address the timing of a taper of a pandemic emergency bond program. Still, when it comes to tapering, the ECB is lagging behind the Fed and is unlikely to reveal any deadlines before December at the earliest. The Fed has yet to disclose a reduction timeframe, and the European Central Bank is unlikely to be any more forthcoming about its reducing ambitions.

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EURUSD Retains Growth Near 1.1800, Suggests a Further Rise

30 August 2021 | Updated: 30 August 2021

EURUSD Price Analysis – August 30

The EURUSD pair reached a high of 1.1809 and is now holding gains around the 1.1800 mark. Although following the release of the latest Eurozone sentiment figures, the euro remained positive posting modest intraday gains.

Key Levels
Resistance Levels: 1.1975, 1.1908, 1.1850
Support Levels: 1.1750, 1.1704, 1.1663
EURUSD Long term Trend: Bearish
Any following retreat after the recent spike past the 1.1800 level is likely to find some support at the MA 5, which is now around the 1.1775 area. With all eyes beyond the 1.1800 regions, a convincing breach below might trigger some technical selling and drive the decline into the 1.1750 congestion zone.

The increase from 1.1663 is considered as the third phase of the trend from 1.2349 in the long run. The next target for a rally is the 1.2554 level of cluster resistance. As long as the 1.1602 support level holds, this may be the favored situation. However, a sustained break there could signal long-term positive consequences.
EURUSD Short term Trend: Ranging
The EURUSD is still consolidating from its yearly high of 1.2350, and the intraday bias is neutral. If another dip occurs while range trading continues, the downside may be capped by the 1.1663 support level, allowing recovery to begin. The pair may surge from low levels to higher levels.

A prolonged breach of the 1.1804 level, on the other hand, might trigger a stronger surge to the projection of 1.1663 to 1.1850 levels from 1.1602 at 1.2452 levels next. A bullish break over 1.1850 could push the pair higher, possibly reaching the first target of 1.1908, with extensions at 1.1975 and 1.2050.

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EURJPY Strives To Find a Path After It Reaches 128.00

20 August 2021 | Updated: 20 August 2021

EURJPY Price Analysis – August 20

On Friday, the EURJPY continued much under attack at current levels within the 128.00 area. A further decline might take the price down to the 127.00 level. In terms of policy, the gap between the Federal Reserve and the European Central Bank (ECB) is anticipated to increase in the coming year, making the EUR vulnerable.

Key Levels
Resistance Levels: 130.50, 129.61, 128.58
Support Levels: 127.50, 126.72, 126.10
EURJPY Long term Trend: Ranging
Recent lows below 128.00, as seen on the daily chart, may contain possible bearish moves, while the 128.00 level is now holding the upside. Furthermore, EURJPY is projected to keep its downward bias as long as it remains below the major moving average 5 at 128.30.

Likewise, the EURJPY pair’s negative trend continues, as the pair is currently trading at 128.28, beneath the moving averages 5 and 13. If sellers keep moving south, yearly lows around 125.00 might come into the picture, putting 127.50 lows in jeopardy and under pressure.
EURJPY Short term Trend: Bearish
EURJPY holds above 128.00 on the 4-hour timeframe, with a bearish intraday bias. A breach of the 128.58 level, on the other hand, would point to a retest of the 130.00 zones. In the medium term, however, the exchange rate may make a short-term return towards the horizontal barrier at 128.58.

The next support level of 127.50 is a potential objective for bearish traders. It will aim for a further decline if it falls below the 128.00 barriers. The restart of the whole corrective decline from 134.11 will be confirmed by a solid break there. However, the lower border of the ascending trendline may provide support for the exchange rate in the short term.

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EUR/USD Continuation Pattern!

17 August 2021 | Updated: 17 August 2021

EUR/USD drops right now only because the Dollar Index stays higher. DXY’s further growth could force the pair to resume its drop. The pair has found temporary support and now it’s fighting hard to stay above the weekly pivot point (1.1768).

The US Retail Sales is expected to drop by 0.2% in July versus 0.6% growth in June, while the Core Retail Sales could increase by 0.2% versus 1.3% growth in the previous reporting period. The Industrial Production and the Capacity Utilization Rate will be released as well.

Some poor US data could weaken the greenback and could force the pair to increase. On the other hand, good economic figures could send EUR/USD down.

EUR/USD H4 Technical Analysis!

EUR/USD challenges the weekly pivot point (1.1768). It has printed a minor flag, a down channel.  The previous candle signaled that the downside is over and that EUR/USD could try to increase again.

Still, technically, only a valid upside breakout from this pattern could signal an upwards movement ahead. EUR/USD has found support on the descending pitchfork’s median line (ml).

Technically, a temporary decline was somehow expected after the last rally. It remains to see what will happen as the fundamentals will drive the price.

Conclusion! 

EUR/USD has printed a continuation pattern. Making an upside breakout activates this formation and signals a swing higher.

 

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
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  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
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9
  • 20% welcome bonus of upto $10,000
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  • The Lowest Trading Costs
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  • Award-winning Cryptocurrency trading platform
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Highly volatile unregulated investment products. No EU investor protection.

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