FX.co ★ EUR/USD

EUR/USD H:4 The EUR/USD.Against this backdrop, market participants remained vigilant, closely monitoring any developments that could influence currency valuations. The EUR/USD pair, being one of the most widely traded currency pairs globally, often serves as a barometer for broader market sentiment and risk appetite. Consequently, its movements are closely scrutinized by traders and analysts seeking insights into prevailing market conditions.Looking ahead, traders are likely to remain attuned to incoming macroeconomic data releases and geopolitical developments, as these factors continue to shape market sentiment and drive currency movements. The EUR/USD pair's ability to break out of its current trading range will largely hinge on the interpretation of these key indicators and the overall sentiment prevailing in the financial markets.In conclusion, the EUR/USD pair's stability in the first half of Tuesday's trading session underscored the cautious sentiment prevailing among investors. With market participants eagerly awaiting the release of significant macroeconomic data and closely monitoring geopolitical developments, the pair's direction remains uncertain.Currently, key support levels have been holding firm, indicating a strong foundation for further upward movement. Conversely, resistance levels are being breached, signaling a potential breakout to the upside. In addition to technical factors, fundamental analysis also supports the bullish outlook for the EUR/USD currency pair. Economic data, such as improving economic indicators in the Eurozone and the United States, are contributing to positive sentiment towards the pair. However, it's essential to consider potential risks that could derail the bullish scenario. Factors such as unexpected economic downturns, geopolitical tensions, or central bank policy shifts could impact the currency pair's trajectory. Based on current technical and fundamental analysis, the prevailing sentiment suggests a bullish outlook for the EUR/USD currency pair. While risks exist, the overall trajectory appears to favor further upward movement in the pair's value. Investors and traders should continue to monitor key indicators and developments to

As I see it, this pair is in a bullish trend on the H4 chart, according to my technical analysis, and it could take a down spike of 35-45 pips before the uptrend is maintained. It would be the best day to trade if you could find a good entry point, and you will be rewarded with at least 60 pips if you can find a good entry point on the chart. Although the upward momentum was insignificant, the EUR/USD pair overcame last week's highs towards the 1.0985 resistance zone at the start of last week's trading. This morning, trading resumed with a slight decline, but the price remained supported at the MA50 support level at the end of the 1-hour time frame. As a first indicator of a bearish trend change, a price decline testing the support level at 1.08520 following a price cross above the support level would indicate the beginning of a bearish trend