empty
12.10.2023 10:41 PM
October 12, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective.

This image is no longer relevant

During August, the EUR/USD pair has been trading in a narrow range between 1.0950 and 1.1050, waiting for a clear direction from the market sentiment and the economic data.

Shortly after, the pair failed to maintain upside movement above the depicted uptrend. Instead, it was broken-down terminating the sideway movement.

Shortly after, an upside pullback towards 1.1050 (backside of the broken uptrend) was considered for a valid SELLING opportunity.

Moreover, the previous downside movement of the price was expected towards 1.0780 then 1.0550 where the next support levels were located.

Recently, an upside breakout took place above the ongoing movement channel. That's why, any ascending movement towards 1.0670 should be considered for a valid SELL Entry provided that the buyers manager to maintain movement above the depicted downward channel.

Recommended Stories

EUR/USD Forecast for May 28, 2025

On Tuesday, the euro underwent a technical correction from the resistance level 1.1420. On the same day, gold declined by 1.14%, WTI crude oil by 0.44%, and government bond yields

Laurie Bailey 05:08 2025-05-28 UTC+2

GBP/USD Forecast for May 28, 2025

On Tuesday, the British pound hesitated to enter the narrow wedge between the price channel line and the target level 1.3635. In the context of a 0.42% strengthening

Laurie Bailey 05:08 2025-05-28 UTC+2

USD/JPY Forecast for May 28, 2025

Yesterday, the USD/JPY pair posted solid growth—0.90% or 149 pips—on the back of a 0.42% strengthening of the U.S. dollar index. As a result, the price is now trading above

Laurie Bailey 05:08 2025-05-28 UTC+2

EUR/JPY. Current Market Situation and Forecast

Today, the EUR/JPY pair is attracting buyers after declining during the Asian session to the key 162.00 level. From a technical standpoint, oscillators on both the hourly and daily charts

Irina Yanina 19:28 2025-05-27 UTC+2

Trading Signals for GOLD (XAU/USD) for May 27-29, 2025: buy above $3,281 (6/8 Murray - 21 SMA)

On the other hand, if gold maintains bullish momentum, the price could break above resistance at 3,330, and then we could expect a new bullish sequence, potentially reaching 3,437

Dimitrios Zappas 18:33 2025-05-27 UTC+2

Trading Signals for EUR/USD for May 27-29: sell below 1.1350 (21 SMA - 7/8 Murray)

If the euro breaks the uptrend channel, we could expect a drop towards the 200 EMA located at 1.1230 and could even reach the gap it left

Dimitrios Zappas 18:31 2025-05-27 UTC+2

Forecast for EUR/USD on May 27, 2025

On Monday, the EUR/USD pair returned to the support zone of 1.1374–1.1380. A rebound from this zone would once again work in favor of the euro and a resumption

Samir Klishi 11:47 2025-05-27 UTC+2

Forecast for GBP/USD on May 27, 2025

On the hourly chart, the GBP/USD pair continued to rise on Monday from the 161.8% Fibonacci retracement level at 1.3520. However, in the middle of the day, news broke that

Samir Klishi 11:44 2025-05-27 UTC+2

Forex forecast 27/05/2025: EUR/USD, GBP/USD, SP500, Gold, and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:19 2025-05-27 UTC+2

Technical Analysis of Intraday Price Movement of Gold Commodity Instrument, Tuesday May 27, 2025.

With the movement of Gold prices on the 4-hour chart moving above the WMA (21) with a slope that is going upwards, Gold in the near future has the potential

Arief Makmur 09:01 2025-05-27 UTC+2
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.