The EUR/USD pair has recently broken below the rising price channel visible on the 4-hour chart, suggesting a possible shift in the short-term trend. Let’s break down the key levels and potential scenarios for traders to watch....
The EUR/USD pair showed interesting price action last Friday, providing insights into its potential near-term direction. Let’s break down the key levels and possible scenarios: Recent Price Action This pattern suggests that the EUR/USD may continue its...
The EUR/USD pair has seen a significant rally recently, climbing from the 1.07 level to touch a high of 1.0911 last week – its highest point since June 7th. The pair closed at 1.0907 on Friday, marking...
Since last week, the euro has been gaining strength against the dollar, continuing its upward trend yesterday and briefly touching a high of 1.0844. Key Factors Influencing the Euro’s Performance The main driver behind the euro’s exchange...
Short Term Elliott Wave in EURUSD suggests cycle from 4.16.2024 low is in progress as a 5 waves impulse. Up from 4.16.2024 low, wave 1 ended at 1.0916. Pullback in wave 2 ended at 1.0664 as the...
The EUR/USD pair has shown impressive strength recently, extending its upward move from the 1.0665 low to reach a high of 1.0816. This bullish momentum suggests further gains may be on the horizon. Short-Term Outlook After a...
The EUR/USD pair experienced a mixed trading session on Tuesday, with some interesting technical developments that could shape its near-term direction. Key Takeaways: Possible Scenarios If the EUR/USD manages to stabilize above 1.0715 today, we could see...
June Overview Throughout June, the EUR/USD pair experienced a downward trend, largely influenced by a strengthening US dollar. The euro briefly dipped below the 1.07 mark, closing yesterday at 1.0714. Economic Data The Eurozone’s manufacturing PMI for...
The EUR/USD pair experienced a mixed trading session on Monday, with some interesting technical developments that could shape its near-term direction. Key Takeaways: Possible Scenarios If the EUR/USD manages to stabilize above 1.0705 today, we could see...
The EURUSD currency pair has broken below the key 1.0788 support level, indicating that the recent upside move from the 1.0600 low has likely completed at the 1.0915 high. This technical breakdown has opened the door for...
