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Thread: EUR/USD

     
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    2021-07-28   12:07
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    A few weeks ago, the market expected a heated discussion of monetary tightening during the Fed meeting. However, a rise in coronavirus cases is making some changes. The issue of reducing the bond-buying program and raising interest rates will remain on the agenda. It will probably be postponed, even in comparison with the plans discussed during the previous meeting.
    Federal Reserve Chairman Jerome Powell is likely to be neutral or dovish in his speech, at least in terms of interest rates, primarily because he expects to continue talking about the risks of the worsening epidemiological situation. The euro/dollar pair still cannot reach the strong reversal level of 1.1855. We can establish bullish market sentiment if the price breaks through this level. It will indicate the likelihood of the pairs further upward movement to test the levels of 1.1919 and 1.2023.
    In anticipation of the outcome of the Fed meeting, market participants are likely to push the pair from side to side, making money on relatively small price fluctuations. Therefore, I think that there is no point in holding positions for a long time. A prolonged directional movement is possible only after the regulator's meeting.
    According to the hourly chart, the quotes have dipped below the level of 1.1819. Besides, the pair has a chance of sliding to 1.1806, from where I expect an upward wave to the local high, and it's 1.1840.

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    2021-08-02   11:17
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    Hello EURUSD traders. The forex market is open for a new week of trading and our favorite pair is already making interesting moves. The EURUSD currency pair was bullish last week and only made a slight bearish pullback after hitting the 1.1900 price level. The technical analysis of this pair points to a more bullish movement this week. I'm sharing multiple time frames analyses to broaden our perspective of the price action of this pair.
    EURUSD H4 CHART
    Attachment 398613
    The price of EURUSD has broken the falling trendline which was holding as a resistance line on the H4 chart. The break above this trendline shows that there is strong bullish momentum in this pair and the bullish rally to the daily highs around the 1.1970 price level is in full effect.
    The price has experienced a bit of resistance around the 1.1900 price level. This does not come as a surprise because that level is a major psychological area of interest. However, I expect that this pair will make a slight pullback and then rally upwards again, this time, with enough momentum to break the 1.1900 price level.
    EURUSD D1 CHART
    Attachment 398614
    The daily support level around the 1.1755 price level has proved itself as a solid support level once again. The pair has made a strong bullish bounce from this level and it is still making its way higher.
    On the daily chart, there is still enough room for this pair to move upwards because the next potential resistance is found around the 1.1970 price level.
    The bulls will target this resistance level to take profit. So, long-term traders can also set this level as their target.

    The attachment
    2021-07-30   09:28
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    The level of 1.1876 has broken upwards. Currently, the price is testing the psychologically important level. If it succeeds in overcoming this level, I expect the quotes to rise to 1.1908 at most. If the price breaks through 1.1908 and consolidates above it, the euro/dollar will most likely extend gains, advancing to 1.1990. However, its further bullish run has a limit, as this level acts as strong resistance. Therefore, the euro/dollar pair may pull back down.
    Attachment 397710
    The general trend is upward.
    Attachment 397711
    According to the chart, I can assume that a rise in quotes to 1.2156 is possible.
    However, it is necessary to take into account the overbought status in the market. The pair has almost approached the important resistance level. Thus, we should expect a drop in quotes as part of a downward correction.

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    2021-07-28   11:56
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    Hello EURUSD traders. The EURUSD is bullish so far this week as its price has bounced upwards from the daily support area. Today, there is high-impact fundamental news for the USD. This news is the FOMC statement, press conference, as well as the interest rate. The news will affect the price of the EURUSD and so all traders of this pair must put this into consideration. I am here with a technical analysis of this pair which I hope to combine with the FOMC fundamentals to make profitable trading today.
    EURUSD H4 CHART
    Attachment 397111
    The price of this currency pair has made an upside breakout from the descending triangle on the H4 chart. This descending triangle started as a falling wedge but turned into a descending triangle when the price began to make equal lows around the 1.1755 levels. I would say the breakout was expected because the price has gotten to the narrow end of the triangle.
    Observing the chart closely, you will see that this pair broke above the falling resistance line of the triangle, then made a retest of this resistance line before bouncing upwards again. This is further confirmation of the bullish trend. With this breakout, I expect this pair to rally towards the previous daily swing high around the 1.1970 price level.
    EURUSD D1 CHART
    Attachment 397112
    The price action on the D1 chart of this currency pair indicates the presence of bullish pressure. The price has made a bullish rejection of the support level around 1.1755 and is now heading upward.
    The bulls are most likely to push this pair to the next major resistance on the daily chart. This resistance corresponds with the previous highs and it is around the 1.1970 - 1.2000 price levels.
    In conclusion, the technical analysis of the EURUSD suggests a bullish move. For this reason, I have a bullish bias in this pair and my bias will change only if the pair drops below the 1.1755 support level.

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    2021-07-29   14:38
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    Technical Analysis Of EURUSD H4 Time Frame
    Take a look at the H4 chart of the EURUSD pair. The EUR / USD pair has completed its growth above 1.1850. Today I expect that the price will create specific consolidation around 1874 and 1880 above the 50.0% Fibonacci retracement level. Further, we will look at the opportunity of the price maintaining correction until 1.1924. After that, I expect the price will go up to 1.1900 at (38.2%) and 1.1935 at (28.6%) Fibonacci retracement levels, which will help the price rise. The next bullish bias target is staying at the 1.1980-85. The breakout of the first resistance barrier would lead to the critical resistance of 1.1980. The surpassing of the 1.1830 resistance confirms the bearish sentiment in the pair is over now, and the current wave of increasing demand will help price grow. Currently, price trading is above the SMA-200 and EMA-100, which is a crucial factor in price growth. The V-Circle is now favoring the long-term target of 1.2470.
    Attachment 397494
    Technical Analysis Of EURUSD H1 Time Frame
    On the hourly chart EURUSD, the pair's price took a good spike in the upward direction. The pair's price is 1.1878 and consolidated above the (50.0%) Fibonacci retracement level, indicating that the pair price will show sideways movement once again before opening the US session. On the hourly chart, if the price breakout the 1.1890 resistance level, the buying opportunity will appear for the buyers, leading the price towards the next level of resistance at 1.1935-40. On the other hand, If the price breakout (61.3% Fibonacci retracement level at 1.1845) will confirm the bearish scenario for price decline, the sellers the lower border of the hourly level to 1.1815 near the SMA-200 and will most expect to go down towards 1.1785. However, the pair's price could be bounce by the upper border of Ichimoku, which helps the price rebound in a positive direction again.
    Attachment 397495

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    2021-07-28   10:24
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    This trading week is going to be rather interesting. The euro/dollar pair has successfully broken through the 1.1800 level and is now trading exactly in the middle between the two levels. Well, I do not want to open long positions from the current values.
    Let's see. Perhaps the price may pull back at least to the level of 1.1800 again.
    Attachment 397097
    In this case, it makes sense to open positions to catch an intraday correction of 50 pips. I hope that there will be some price fluctuations before the Fed meeting and I will be able to enter the market.

    The attachment
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    Fundamentally Analysis of the EURUSD


    The EUR/USD pair continued to rise on Thursday amid a weakening US dollar. The market continues to work out the soft tone of the Fed meeting. The Central Bank is in no hurry to tighten monetary policy, focusing on the recovery of the labor market. In addition, the data on the US GDP for the second quarter turned out to be weaker than the forecast, which increased the pressure on the American currency. The US economy grew by 6.5% in the second quarter against an expected increase of 8.5%. Against this background, EUR / USD reached the resistance level 1.1878. On the daily chart, its breakdown still looks uncertain, and the further direction today will depend on the euro's reaction to the statistics and the dynamics of the dollar, which may continue to work out the Fed's soft tone.

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    Technically Analysis Of The EURUSD

    Last Friday, the euro/dollar fell from its weekly high of 1.1908 and ended with a sharp rise to around 1.1870. The outlook of the EUR/USD, it is in a neutral to bullish state on the daily chart, but below the key Fibonacci level of 1.1920. The daily chart shows that the euro/dollar is above the flat 20 moving average and currently supports near 1.1820. The direction of the large- evel moving average is still unclear near the 1.2000 area. The technical indicators have recovered slightly but have lost momentum, and are currently consolidating near the midline.


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    The 4-hour chart shows that there is still an opportunity for the exchange rate to rebound. The exchange rate is above all the moving averages, and the 20 moving average is supporting at 1.1850. Technical indicators remain in the positive zone, but the intensity is uneven and far below the weekly high. If you want to open up the space above, you need to pay close attention to whether the strong resistance level of 1.1920 can be broken.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  4. #7002 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Technical Analysis Of EURUSD H4 Time Frame


    After Fed Chairman Jerome Powell's statement, we need to remove some essential restrictions, and all our focus will be on US unemployment this July. Due to this statement, USD continued to keep its strength and give competition against all the related currencies like GBP, EUR under the opinion of the Fed chairman. We can focus on the EURUSD analysis on the H4 chart. According to the H4 chart, The current quote in EURUSD is 1.1881 and continues forming consolidation on its moving price level. The psychological resistance is putting pressure on the buyers but another wave of growth from the buyers.

    The price needs to retest from the corrective level of 1.1835, and the price needs to stay below 1.1880 this goal. At the moment, two scenarios appear. If the price break consolidation in the negative direction, this situation provokes sellers, and the first decline to 1.1830 looks probable.

    After the breakout, a new wave of decline would drag the price to 1.1750 to begin. The second scenario of the price movement rebounding from the 1.1830 will help reach the reference point of resistance of 1.1955. The high probability of the price indicates the test the price could bounce off from the 3/8 level, but the downfall could test the support level at 2/8 Murray price levels.

    Considering the hourly chart of the pair shows that the price is taking support from the EMA-100 and maintaining its movement in a positive direction. From the outlook of the Bollinger band, the band looks opening into an upwards trend from arrival to test the resistance of 1.1900.

    The short-term reversal could be valid for intraday trade from the breakout of the lower Bolinger band at the price level of 1.1856. The price can rebound from and surpass the resistance barrier of 1.1902 and reach 1.1935. Otherwise, the price could take 200-SMA at 1.1806

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    Hello everyone, good morning! Based on my analysis, here are the best positions in the market today:

    Daily TF (D1):
    Name: screenshot-1.gif Views: 3 Size: 29.1 KB
    For long positions, enter at the level of 1.2266 or higher.
    For short positions, enter at the level of 1.1704 or lower.

    Four-hour TF (H4):
    Name: screenshot-2.gif Views: 3 Size: 28.8 KB
    Here, many positions are available for trading. One is to buy at 1.1909, while the other is to sell at 1.1752.

    Hourly TF (H1):
    Name: screenshot-3.gif Views: 3 Size: 25.3 KB
    This chart is good for quick entry and exit in the market. Hence, longs may be opened from 1.1909 upwards, while shorts may be placed from 1.1773 downwards.
    However, deals should be set up only at the closing of the hourly candle. Then, exit at stop loss or take profit levels, otherwise, profit will be reduced, while expenses will be increased. Remember, trading is very precarious, but profitable if the strategy used is correct.

    For longs: SL - 1.1809 TP - 1.2209
    For shorts: SL - 1.1873 TP - 1.1473

    Good luck!

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    EUR/USD closed at ​​1.1900. The indicators show that there is a huge chance that price will roll back, but since the pair is still above the support line, it could also continue to rise and break the said support line. The indicators on H1 also signal that the pair could grow further if it breaks the triangle pattern, but in the event that it moves down instead, a bearish scenario may begin. Considering this, I think that it is better to wait for a clear consolidation outside of the triangle, so as to avoid any losses.

    Meanwhile in the M15 chart, the indicators show that the upward trend has ended and a bearish scenario is underway. Most likely, the price will decline to 1.1830 or even towards 1.1780. Then, afterwards, it could grow again to 1.2000 and 1.2100

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    On the euro/dollar pair, the price consistently forms a symmetrically converging triangle, that is, the volatility is constantly decreasing. In principle, the most logical phenomenon against the background of the imminent release of NonFarm Payrolls in all its glory. And I wouldn't be surprised if the volatility drops to almost zero by Friday. But you can also get a stabilization of the trading range, and this will also mean that everyone is waiting for an important foundation.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Greetings, everyone!

    If we look at the euro/dollar pair with the help of waves and a Fibo grid, we can assume that there is an accumulation of forces, which would then continue to go north. The logic of reasoning is as follows. Before that, the price has already passed quite a lot in favor of the bulls (blue line). Then, the bulls decided to take revenge on the bears and attacked. Now, the price is in an acceptable pullback from 100%, i.e. at the level of 76.4%. In fact, it may happen that the 3rd to buy on the part of the bulls coincides with the direction of the retracement (bearish). So, the probability that the price will reach the level of 1.2000 is very high.

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    Let's take a look at the situation of the euro/dollar currency pair. Yesterday, on the hourly chart, the pair's price turned around from the support level of 1.1865 and was moving very slowly towards the north. Right now, this pair is trading below the average band of the Bollinger Bands indicator at the level of 1.1875. The oscillators are giving signals to the north. Now, the 123 pattern has formed on this chart, which also points to the north. So, I expect the price to rise to the area of 1.1910.

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