FX.co ★ Semie | EUR/USD

Analysis of the EURUSD H4 Chart: We are now examining the EUR/USD currency pair's pricing performance. Since I don't expect higher momentum and am still sceptical of the recent rise, I decide to sell in the direction of the support level of 1.12422. However, I want to wait for a drop to 1.14321 before closing my transaction. I probably expect a rollback to 1.12422 since there is no technical or fundamental foundation for the current growth. Despite a friend's prediction of further gains, which I found hard to believe, the pair has continued to rise. There is an attempt to make rapid gains across significant currency pairs, maybe with the intention of restoring positions before the following round of news. Given the volume shown, a little decrease in the EUR/USD ratio might lead to more profits. However, the prices haven't yet reached my preferred levels. Make sure you have placed a stop order on your EUR/USD sales in order to appropriately manage any risks. I'm analysing the EUR/USD pair using the 4-hour chart. Following the release of inflation figures, which showed a little 0.1% reduction, it is evident that inflation is still steady. Therefore, there is no reason to expect the pair to rise any more. Before this data, there was a brief rise that updated previous highs. After the brief dip, the pair did, however, maintain its upward trajectory, which is unwarranted and indicates an overbought market. I think the pair will correct and fall to at least 1.14853. would be a sign of a corrective retreat rather than a continuous growth.

We'll be discussing the analysis of the EUR/USD currency pair's price swings. When examining lengthier time periods, it is evident that the downward correction continues, even if there has been sideways movement throughout the last two days. A good selling opportunity requires the EUR/USD to drop below 1.12029. This would likely result in the pair falling below 1.11949, which is now the moving average of the daily chart. 1.12719 may be the next level of support. A full-fledged bearish reversal would occur if trading fell below 1.11129. Even while there is a possibility that the daily chart may indicate another upward impulse, I am not presently considering a significant gain. Sales might happen from the current level as the pair just recovered from resistance and ended the week below the main resistance level, indicating a further decline. The euro-dollar pair had a bearish candle at the close of the previous week, suggesting potential selling pressure. But throughout the course of the following week, there will likely be a lot of activity and unpredictable market swings. Right now, the technical picture for EUR/USD is still uncertain. Despite their best efforts, the sellers were unable to regain control below the initial impulsive zone of 1.12239. Given the increasing negative volume on the weekly candle, the next potential breakdown of this support level may be true, but it will only be visible during trading. If the nearest significant resistance level is at 1.12449, the euro may continue its upward trend and reach the next barrier level at 1.12719. After then, the EUR/USD might either go back down or keep climbing to the second impulse zone, which is located around 1.13169. The route of activity is determined by the fundamental principles.