technical articles

euro-analysis

Technical Analysis of the Euro – 30th dec to 3rd jan

Technical Analysis of the Euro – 30th dec to 3rd jan

Euro Analysis (Daily Time Frame) In the past week, EUR, like other markets, remained range-bound and concluded the week without significant movement. Primary Scenario: Considering the previous bearish leg and the break below 1.06083 last month, the outlook remains bearish. If EUR breaks below 1.03433, the next target will be 1.02240. Alternative Scenario: If EUR reverses upward and reclaims 1.06083 with stabilization above it, the next targets will be 1.07640 and 1.09358. Euro Analysis (4-Hour Time Frame) Primary Scenario: A downward movement is expected from the current levels. If EUR breaks below 1.03433, the next target will be 1.02240. Alternative Scenario:

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Technical Analysis of the Euro – 23th to 27th dec

Technical Analysis of the Euro – 23th to 27th dec

Euro Analysis (Daily Time Frame) As mentioned last week, EUR approached the support area of 1.03327 after breaking the 1.04567 low and made a relatively strong rebound before reaching it. Main Scenario: Given the range-bound area with a previous bearish leg, there is a high probability of breaking below 1.03327. If this scenario occurs, the next target will be 1.02240. Alternative Scenario: If the above scenario does not occur, EUR needs to reclaim the 1.05346 high to reach the next area of 1.06300. Euro Analysis (4-Hour Time Frame) Main Scenario: If EUR breaks below 1.03433, the 1.02240 area will be waiting

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Technical Analysis of the Euro – 16th to 20th dec

Technical Analysis of the Euro – 16th to 20th dec

Euro Analysis (Daily Time Frame) In the past week, the euro was rejected from the 1.06300 area and reached the 1.04567 area with weak momentum. It seems that the euro is fluctuating in a range and will soon exit this area. Given the trend slope and the breaking of its dynamic and static support, the probability of the price exiting from the bottom of this range is higher. Main Scenario: If it exits from the bottom of the range, i.e., the 1.04567 area, the first target will be 1.03327 and then 1.02240. Alternative Scenario: If it reverses from this area and

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Technical Analysis of the Euro – 9th to 13th dec

Technical Analysis of the Euro – 9th to 13th dec

Euro Analysis (Daily Time Frame) In the past weeks, the Euro broke the significant support at 1.06688 with strength during its large downward move, and it has since stabilized below this level. Now, it seems difficult for the Euro to rebound and reclaim previous levels.Main Scenario: The Euro is expected to experience a temporary upward retracement towards the 1.07658 zone to complete its pullback, after which the downward move is likely to continue. However, a continuation of the decline is also possible from these levels, and after breaking the 1.0300 zone, it could reach 1.02246 and 0.99437.Alternative Scenario: If the price

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Technical Analysis of the Euro – 2nd to 6th dec

Technical Analysis of the Euro – 2nd to 6th dec

Euro Analysis (Daily Time Frame) The Euro is currently trading just above the 1.05 level, and any attempt to sustain a strong upward move and reverse the current trend faces significant obstacles. On the other hand, signs of fatigue in the recent trend of the US Dollar are emerging. Last week, the Euro managed to recover 1.53% of its recent losses but remains in a downward trend. Main Scenario:If the price can break the 1.0609 area, buying positions can be taken with targets at 1.07730 and 1.0869. Alternative Scenario:If the 1.0609 area holds, selling positions can be considered with targets at

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Technical Analysis of the Euro – 25th to 29th nov

Technical Analysis of the Euro – 25th to 29th nov

Euro Analysis (Daily Time Frame) The euro has fallen to its lowest level in two years, dropping by another 1.8% last week. The euro followed the previous analysis and touched the 1.03343 level. Furthermore, its upward trend has been broken down. Main Scenario: Continued price drop to the 1.01204 zone, and if the 1.01204 level breaks, the next sell targets are 0.96391. Alternative Scenario: If the 1.03319 support level holds, expect a price increase towards 1.06187 and 1.07643. Euro Analysis (4-Hour Time Frame) Main Scenario: If the 1.04016 level holds, expect a price increase towards 1.0555. Sell positions can be taken

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Technical Analysis of the Euro – 18th to 22th nov

Technical Analysis of the Euro – 18th to 22th nov

Euro Analysis (Daily Time Frame) The EUR/USD currency pair has declined by 6% from its September highs to its annual lows following the acceleration of inflation in the United States and signals from Jerome Powell that the Federal Reserve is not in a rush to lower the federal funds rate. Main Scenario: Consider short positions from corrections below the 1.0824 level, targeting 1.0400 – 1.0193.Alternative Scenario: A breakout and stabilization above the 1.0824 level will allow the pair to continue its upward movement towards the 1.1043 – 1.1210 levels. Euro Analysis (4-Hour Time Frame) If the 1.0529 swing high is breached,

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Technical Analysis of the Euro – 11th to 15th nov

Technical Analysis of the Euro – 11th to 15th nov

Euro Analysis (Daily Time Frame) Donald Trump’s first presidential term has proven that he can be trusted. Therefore, the bullish retracement in the Euro presents a great opportunity to open sell positions, targeting 1.06 and 1.05 levels. On the other hand, it will take time for the promises of the Republican Party to be fulfilled, as Trump will soon move into the White House. Additionally, there may be a discrepancy between his words and actions, which could reduce Trump’s influence and lead to a decline in the EUR/USD pair. Main Scenario: Consider sell positions from corrections below the 1.0946 level, with

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Technical Analysis of the Euro - 4th to 8st nov

Technical Analysis of the Euro – 4th to 8th nov

Euro Analysis (Daily Time Frame) After a price correction to the level of 1.09079, the Euro has formed another strong bearish candle. Main Scenario: A break below the price floor of 1.07604 may lead to a decline to the areas of 1.05988 and 1.04079. Alternative Scenario: A break and consolidation above the level of 1.09974 would allow for a price increase to around 1.11212. Euro Analysis (4-Hour Time Frame) In the 4-hour time frame, the Euro is in a descending range, with a possible decline to the support floor of 1.07479. From this area, buying trades can be tested with confirmation

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Technical Analysis of the Euro - 28th oct to 1st nov

Technical Analysis of the Euro – 28th oct to 1st nov

Euro Analysis (Daily Time Frame) Over the past week, the Euro continued its downward trend, reaching the support level of 1.07579. From this point, it entered a bullish correction. Primary Scenario: If this support level holds, we anticipate an upward price movement to the 1.09882 level. From this point, we can test sell trades to reach the targets of 1.07479, 1.05990, and 1.04079. Alternative Scenario: The price could decline to the 1.06608 level and then rise again to the 1.02795 area.” Euro Analysis (4-Hour Time Frame) We expect a price drop to the level of 1.7479, where buying opportunities can arise

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