Browsing all articles tagged with EUR/USD
Jun
18

EUR/USD D1 Technical June 18

The outlook for the EUR/USD is bullish above 1.3300 level. Bollinger bands are also showing buy signals for the pair. The key level is now 1.3400-35 level. Price action on this level should be carefully watch. If pair get a pull back from this zone and H4 candle closure below 1.3390 level then it will provide a valid sell entry point.

On the contrary, If EUR/USD manage to break through 1.3435 level and H4 or D1 candle chart closure above resistance zone then it will open gates towards northward and EUR/USD will then continue its uppish trend.

High impact News can affect the movement of EUR/USD. News like Building Permits, Core CPI m/m.

 

Jun
17

EUR/USD Technical June 17

Price is at top of Bollinger so there is no clear signals yet. Today’s resistance is around 1.3407 level. There can be two scenario.

First, if EUR/USD manage to break its resistance 1.3407 level and H4 candle closure above this level then it will allow EUR/USD to continue its bullish trend. Secondly, if EUR/USD fails to hold its support level 1.3314 level and H4 candle closure below support level then pair will rapidly fall towards southward.

 

Jun
13

EUR/USD D1 Technical June 13

Yesterday EUR/USD manage to break its resistance 1.3306 level. Today’s resistance is at 1.3407 level. Price action on this level should be carefully watch. Pair can get a pull back from 1.3407 level.

If EUR/USD manage to overcome its resistance and H4 candle closure above  1.3407 level then it will indicate pair got more bullish strength that will take pair further upward.

On the other hand, If pair didn’t manage to break through its resistance and H4 candle chart closure below 1.3407 level then EUR/USD will start falling towards southward and target 1.3310 level.

High impact News can affect the Trend of EUR/USD. News like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.

 

Jun
11

EUR/USD D1 Technical June 11

Pair is trading in a range of 1.3170-1.3306 level. Bollinger bands are showing buy signals for the pair. If EUR/USD manage to break through 1.3306 level and H4 candle closure above this level then it will open gates towards north and EUR/USD will move upward and target 1.3400 level.

On the contrary, If pair fails to break 1.3306 level and H4 candle closure close below 1.3300 level it will then indicate pair got bearish and provide a valid sell entry and target will be 1.3175 level.

 

Jun
10

EUR/USD D1 Technical June 10

EUR/USD test its resistance at 1.3306 level but get a pull back from this level. Now EUR/USD is expected to face support at 1.3145 level.

Price action on this level should be carefully watch. If pair manage to break through 1.3145 level and H4 candle closure below support level then pair will further move towards southward and target 1.3100 level.

On the contrary, If EUR/USD manage to break its resistance 1.3306 and H4 candle closure above this level then it will provide a valid buy entry.

 

Jun
5

EUR/USD D1 Technical June 05

The outlook for the pair is bullish. Yesterday pair got bearish and target 1.3040 level but get a bounce which is indicating bullish potential in pair. Bollinger bands are providing buy signals for the EUR/USD. Pair is expected to go up and face its resistance at 1.3145 level.

If EUR/USD manage to break 1.3145 level and H4 candle closure above resistance level then pair will further move towards north and target 1.3170-200-40 level respectively.

On the other hand. If EUR/USD fails to break its resistance and H4 candle closure below 1.3100 then pair will show lack of bullishness and EUR/USD will then fall rapidly and target 1.3040-300 level respectively.

High impact News can change the scenario. News like Non-Farm Employment Change, ISM Non-Manufacturing PMI.

 

Jun
4

EUR/USD D1 Technical June 04

The outlook for the EUR/USD is bullish. Above 1.3040 level pair will remain in bullish strength.  Bollinger bands are also providing buy signals for the pair.

If pair manage to hold 1.3070 level and H4 candle closure above this level the it will indicate EUR/USD got bullish strength which will take pair further upward and pair will then target 1.3126-70 level respectively.

On the contrary. If pair fails to hold 1.3040 level and H4 candle closure below this level then EUR/USD will start falling and target 1.2950 level.

High impact News can change the scenario. News like Trade Balance.

Jun
3

EUR/USD D1 Technical June 03

EUR/USD is in bullish mood. Pair get a bounce from its support 1.2950 level. Bollinger bands are providing buy signals for the pair. If pair reached to 1.3140 level then price action on this level should be carefully watch. If EUR/USD manage to break through 1.3140 level then pair will further move upward and target 1.3200 level.

On the other hand. daily closure below 1.3070 level will again open gate towards south ward and pair will again test 1.3006 level.

 

May
31

EUR/USD D1 Technical May 31

Yesterday EUR/USD manage to break its resistance 1.3006 level and target +50 pips. But pair didn’t manage to break 1.3070 resistance and got bearish strength and dropped. Now pair is expected to face next support at 1.2950 level.

If EUR/USD manage to break 1.2950 level and give a day closure below this level then EUR is continue its bearish trend and target 1.2880-800 level.

On the other hand, daily closure above 1.3070 level will change the scenario and EUR/USD will then further move upward.

May
30

EUR/USD D1 Technical May 30

EUR/USD is in bullish mood today but as long resistance 1.3006 is not broken pair can get a pull back from this zone. So, price action on 1.3006 level should be carefully watch. If pair manage to break its resistance and H4 candle chart closure above this level then EUR/USD will further move upward.

On the other hand. If pair didn’t manage to break through its resistance and get a pull back then it will provide a valid sell entry point with stop loss just located above 1.3006 level and take profit at 1.2880 level.

High impact News can affect the trend of EUR/USD. News like Prelim GDP q/q, Unemployment Claims, Pending Home Sales m/m.