Only EURUSD

The trading day started with a decline during the Asian session and early morning trade, with the pair reaching a low of 1.0876. The 1.0902 level is currently acting as resistance, preventing further advances towards 1.0920. If today's low fails to hold, the next support levels to watch are 1.0871/60.

Despite the drop following the ECB meeting yesterday, the overall uptrend remains intact as long as the pair trades above 1.0871. In this scenario, the 1.0948 level may keep the pair confined within a trading range. A break lower will find more support at 1.0846/40 zone.

Overall, it has been a mixed week, and market participants should continue monitoring key support and resistance levels to gauge the pair's next directional move.

It's always a pleasure to provide analysis and insights on the EUR/USD pair. Have a great weekend and successful trading ahead!

Have a good weekend guys! I posted earlier a possible retest of 1.0909 but I also have another possibility after analyzing a bit more. We also have the possibility of a double bottom at 1.087 & from here it can continue up. 1.087 has been a great support thus far for both retracements. 1.08775 & 1.09090 will help determine what happens. We are ranging within the yellow box.

I have attached both images once again of what I have as possibilities.

I am out for the day. Closed trades today early as I noticed ranging in prices & no real breakouts. I kinda expected that today. Monday we will be back on track.

Happy Weekend

Following three consecutive weeks of an upward trend, which stopped in a test of the 1.0948 resistance level, EUR/USD experienced a decline at Friday, closing near the daily low of 1.0775. Immediate resistance can be found at 1.0902. A successful breach of this level could pave the way for further upward movement toward the 1.0981 target. However, traders should be mindful of several key resistance levels along the way, including 1.0920 and 1.0942, which may hold the advance.

On the downside, support is located in the area of the 1.0871/60 zone. Should the bulls fail to maintain control over this area, bears may seize the opportunity to push prices lower, potentially reaching the 1.0800 level.

Weekly volatility (range) 78 pips

Option expiries for Monday: 1.0975 (EU867.4m) Source: financialjuice.com

Significant news - EU & US Services PMI'S, US New Home Sales, US Advance GDP q/q, US Initial Jobless Claims, US Durable Goods, US PCE, US Consumer Spending & University Michigan Sentiment.

4 hours

Have a great rest!

A. quick Saturday Analyses. A Possible Bullish Bat Forming at Support 1.087. Support of 1.086 is still a big Target for Bears currently & A Deamnd Zone for bulls. Bulls protected so far 1.087 Price & have not allowed it to go lower in either of the drops.

No Data Monday so we may have another ranging day as the Market tries to identify a direction for price. However it may go back bullish in the mean time since that is the major trend. We have Resistance at 1.0887, 1.0900, 1.09090, 1.09225, 1.094, 1.096

Support: 1.0879, 1.000871, 1.086, 1.0845

Hope you all are having a nice weekend!

Hmm, Possible!

under 0920 h&s is coming

EUR/USD rised at the opening after US President Joe Biden dropped his reelection bid but fluctuated up and down consolidating the gains below 1.0900. An advance above todays high at 1.09025 should lead to the next level of resistance at around 1.0920 but a failure to stay above should finally test the lower zone at 1.0871/60.

Daily volatility (range) 35 pips

Option expiries for Monday: 1.0975 (EU867.4m) Source: financialjuice.com

1 hour

Green pips!

Hey Traders, Good Afternoon, Well rested, Now it's time for work!

Overall sum of analysis, 2nd one is most likely to happen but the third one is my alternative hypothesis.

For the fifth image: why did I say 1.09122-1.092 could be a possible reversal point? it's because you can see in the above image, the retracement at 0.382% is not much effective, so possibly, we can go for levels like 0.5% or 0.618% by doing so, bears can get stronger at the same time, there is some liquidity pools that's remaining in there, so a possible liquidity sweep is possible!

right now MACD in 15 min, 30 min, 1hr is looking bearish but the 4hr says the opposite.

Happy trading week guys!

Now we have two options, We can go up to 1.0920 from here, Either can go down to 1.0860/52/45, Let's see what comes first!

Keep it up, Brother!

Daily chart

thanks ahmer! If I weren't looking at your analysis, I couldn't have pulled these out

This trade will continue till 1.0815

Ohhh Man, I am very glad to hear that!

if we break below neckline yea i think so

What's taking so long bears!

just have to wait patiently

Yes, you are right. They probably digesting the opening news yet.

Morning peeps.

I've decided I need to beat the Monday blues by going long EU, just to make the day a little more interesting. I've a feeling it'll be a looooong day of accumulations but hoping the NY session comes to our rescue ...

Here's the Dollar activity, continued STF trend in my view with 450+ points there to a double bottom. I'm anticipating the dollar may head south given the ease of run it has ahead of it here. Biden news may have an impact on that theory come the afternoon.

We'll see . Green pips all.