Forex Analysis for EUR/USD

21.03.2023EURUSD, “Euro vs US Dollar”The currency pair has completed a wave of correction to 1.0729. At the moment, a consolidation range is forming around this level. We expect the price to escape the range downwards and go on developing the wave to 1.0620. The target is local. After the quotes rea...

20.03.2023EURUSD, “Euro vs US Dollar”On H4, near the support, EURUSD has formed a Hammer reversal pattern. Currently, the pair can go by the reversal signal in an ascending wave. The target for the growth might be 1.0725. However, the price might pull back to 1.0650 and continue the uptrend after te...

20.03.2023EURUSD starts the week quite reservedly. The current quote is 1.0670.It seems that for a few days, we have been hearing of just the US and EU statistics and nothing else. The flow of this news is so strong that investors fail to take account of everything.The final CPI in the Eurozone in F...

20.03.2023EURUSD, “Euro vs US Dollar”The currency pair has completed a wave of correction to 1.0687. At the moment, a consolidation range is forming around this level. The price is likely to escape the range downwards and continue the wave to 1.0516. The target is local. After the quotes reach the l...

20.03.2023EURUSD, “Euro vs US Dollar”On H4, the quotes are in the overbought area. The RSI has pushed off the support line. Currently, the 0/8 (1.0742) level is likely to break, and the price might reach above it to the resistance line of 1/8 (1.0864). The scenario can be canceled by a downward brea...

EUR/USD: ECB Not Fazed by Banking Crisis The past week was marked by a large black candle when EUR/USD plummeted from 1.0759 to 1.0515. And this happened not on Thursday, March 16, when the ECB made a decision on the interest rate, but the day before. The reason for the weakening of the European c....

17.03.2023EURUSD is looking neutral on Friday. The current quote is 1.0650.Investors are slowly tidying up the remnants of their nervous system. Exchange volatility is decreasing, which is good news.The European Central Bank meeting the day before ended as expected. The interest rate was raised by 5...

16.03.2023EURUSD pair looks weak on Thursday. The current quote in EURUSD is 1.0600. The fluctuation amplitude of the main currency pair looks as massive as before. It's all about the global "risk aversion" seen in the capital markets.The isolated signals of problems in the U.S. banking sector could...

15.03.2023EURUSD, “Euro vs US Dollar”On H4, EURUSD has formed a reversal pattern of a Long-Legged Doji near the resistance level. At this stage, the signal from the reversal candlestick pattern may trigger a downward wave. The target for the pullback will be 1.0710. However, one should not exclude t...

15.03.2023EURUSD, “Euro vs US Dollar”EURUSD is pushing back from the fast indicator line. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Kijun-Sen line at 1.0675 is expected, followed by a rise to 1.0865. The rebound from the upper boundary of the descending channe...

15.03.2023The main currency pair gained further on Wednesday. The current quote in EURUSD is 1.0740.The statistics published the day before from the USA showed that the problem with inflation is still relevant. Consumer price index fell to 6.0% y/y in February compared to the previous value of 6.4%,...

14.03.2023The EURUSD is holding on to its previous positions as of Tuesday. The current quote in EURUSD is 1.0710. At yesterday's closed meeting, the US Federal Reserve discussed the interest rate aspect for the Federal Reserve Banks. It was probably also about the sustainability of the US banking s...

13.03.2023EURUSD, “Euro vs US Dollar”On H4, the EURUSD has broken through the 200-day Moving Average and is now above it, indicating that an uptrend is possible. The RSI has reached an overbought area. In the current situation we should expect a pullback from the 0/8 level (1.0742) and further decli...

13.03.2023EURUSD, “Euro vs US Dollar”EURUSD has consolidated above the upper boundary of the descending channel. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Tenkan-Sen line at 1.0685 is expected, followed by a rise to 1.0855. The rebound from the upper boundary ...

13.03.2023EURUSD recovered strongly on Monday. The current quote in EURUSD is 1.0720.The market is "full of nervousness and doubt". A closed extraordinary meeting of the US Federal Reserve is scheduled for Monday. The official agenda suggests that the parameters for the federal funds rate within the...

EUR/USD: USA Labor Market Stops USD Jerome Powell played on the dollar side last week. Of course, the Fed Chairman knew that markets expected an interest rate increase of 25 basis points (bps) from the next FOMC (Federal Open Market Committee) meeting. But he did not rule out that his organization....

10.03.2023EURUSD, “Euro vs US Dollar”On H4, near the support level, the EURUSD has formed an Inverted Hammer reversal pattern. The pair may now go by the reversal pattern in an ascending wave. The target of the growth might be 1.0615. However, the price might drop to 1.0535 and continue the downtren...

10.03.2023EURUSD, “Euro vs US Dollar”The currency pair has completed a wave of correction to 1.0589. At the moment, a consolidation range is forming around this level. An escape downwards and further development of the wave to 1.0470 is expected. The target is local. After this level is reached, a l...

09.03.2023EURUSD, “Euro vs US Dollar”The currency pair saw a rebound from 1.0693 downwards and broke through 1.0572. At the moment, a consolidation range is forming under this level. The quotes should then escape the range downwards and continue the wave to 1.0450. The target is local.GBPUSD, “Great...

09.03.2023EURUSD, “Euro vs US Dollar”EURUSD is pushing off the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0595 is expected, followed by falling to 1.0385. An additional signal confirming the decline will be a rebound...

09.03.2023The EURUSD got under pressure. The current quote is 1.0550.The reason was the comments made by Jerome Powell, the chairman of the US Federal Reserve System. Speaking before the Senate on Tuesday, he seemed to open the door for more noticeable increases in the interest rate at upcoming meet...

07.03.2023EURUSD uses any base for growth efficiently. The current quote is 1.0690.Investors are nervous before the evening speech of the chairman of the Federal Reserve System Jerome Powell in the Senate. The market abstains from any activity because the tension around Powell’s comments is quite hi...

07.03.2023EURUSD, “Euro vs US Dollar”The currency pair escaped the consolidation range upwards and reached a local target of 1.0693. A link of decline to 1.0633 is not excluded today. Then a structure of growth to 1.0700 might develop. After this level is reached, the wave of growth will be exhauste...

06.03.2023EURUSD, “Euro vs US Dollar”The currency pair is correcting in a descending channel. The instrument is going above the Ichimoku Cloud, which indicates prevalence of an uptrend. A test of the upper border of the Cloud is expected at 1.0610, followed by growth to 1.0795. An additional signal ...

06.03.2023EURUSD, “Euro vs US Dollar”The currency pair has completed a wave of correction to 1.0648. Today a new structure of decline to 1.0570 should start. After this level is reached, a consolidation range should form. With an escape downwards, a pathway for a wave down to 1.0490 should open.GBPU...

06.03.2023EURUSD, “Euro vs US Dollar”On H4, at the support level, the pair has formed an Invertes Hammer reversal pattern. The pair is now going by the signal in an ascending wave. The target of the growth might be 1.0700. However, the palrice may drop to 1.0580 and continue the downtrend without pu...

06.03.2023EURUSD, “Euro vs US Dollar”On H4, the quotes are in the oversold area. The RSI has pushed off the support level and is aiming up. As a result, the price should rise above 0/8 (1.0742) and grow to the resistance level of 1/8 (1.0864). The scenario can be cancelled by a downward breakaway of...

EUR/USD: Pause in the 1.0600 Zone On Thursday, March 02, the DXY dollar index broke again through the bar at 105.00 points but could not stay there. As usual, the dollar was supported by an increase in US government bond yields. The yield on 10-year securities rose to its high since November 10 at....

03.03.2023EURUSD, “Euro vs US Dollar”The currency pair has completed a wave of decline to 1.0576. The target is local. Today a correction to 1.0620 might form. After it is over, a decline to 1.0563 should follow.GBPUSD, “Great Britain Pound vs US Dollar”The currency pair has completed a structure of...

03.03.2023EURUSD has stabilised after a series of amplitude fluctuations. The current quote is 1.0610.The EU failed to support the EUR by good news. The prelim CPI in February turned out at 8.5% y/y instead of declining to 8.3% y/y, while earlier it was 8.6%. Base inflation is estimated at 5.6% y/y ...