FX.co ★ EUR/USD

EURUSD 4-Hour Analysis: The vector is only interrupted by higher volatility; the direction stays the same. We've been anticipating this for a very long time. After volatility, direction will be the next stage. Additionally, it will decline, and the value of the dollar will increase. The EUR/USD pair has been acting rather consistently lately; it seems that there are no obvious cues to be ready for active fluctuations. However, given the strength of the news background, this is probably a transient occurrence that will quickly alter. The decrease will probably get more intense when we open a trade, which suggests that the present downward trend will continue. However, as the daily chart shows a negative trend, there is also a chance for some upward movement, which will probably merely be a correction of the overall downward trend. The market's crucial support zone is at 1.14764, and if we break through the 1.13763 level, I believe the slide will end at 1.12875. I anticipate a big decline in the value of EUR/USD given the impending fundamental events. The United States will soon have to make crucial choices that will undoubtedly have a big and lasting effect on the value of the EUR/USD pair. I want to see the pair's four-hour chart. As seen in my screenshot, the trend line was broken throughout the upward rise. The price is currently returning to this level. The Chikou-pen line soared above the price chart, and the signal lines created a "golden cross" against the growing backdrop. A positive market mood is indicated by Bollinger bands shifting north, the relative strength indicator rising over 50, and the trend filter oscillator becoming green. Examining new purchases now makes sense. I think a possible objective is the resistance level of 1.16557. When the price is trading above the crucial Kijun-sen line, purchases will be prioritized. Purchases will become less relevant if this level is rolled back. When the price moves below the cloud, it will be feasible to get ready for a different solution.