EUR saw slight move to the downside, closing below 1.18170.
Economic Calendar Analysis
Overall volatility may be considered as moderate if no significant deviation from fundamental data releases occur.
EUR/USD hourly chart analysis
EUR/USD is neutral, trading at 1.18673 after bouncing from a local low of 1.1772 on February 6. The pair remains in a horizontal range, facing resistance at 1.1900 and 1.1990, with support at 1.1806 and 1.1772. Flattened 50 and 100 SMAs around 1.1800 and the 200 SMA being tested from below suggest indecision. A break above 1.1900 could target 1.1990, while a drop below 1.1806 may retest 1.1772.Hourly Chart
EUR/USD daily chart's review
EUR/USD has recently moved from a consolidation phase into a more bullish and volatile structure. The price is trading above the 50, 100, and 200 SMAs, which are all sloping upward, indicating strong short- and long-term bullish momentum. The 50 SMA near 1.1736 is acting as dynamic support, while the price remains well above the 200 SMA at 1.1622, confirming the primary uptrend. Key levels to watch include immediate resistance at 1.1920, a pivot around 1.1830 where buyers are stepping in, and major support at 1.1600, which aligns with historical confluence and the SMA 100. Smaller candle bodies indicate short-term consolidation and indecision before the next major move.Daily chart
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Traders are going short
EUR/USD, 42% are long and 58% short, showing bearish sentiment. EUR/CHF is strongly bullish with 71% long. Most other pairs like EUR/JPY and EUR/AUD have more shorts than longs, indicating cautious or negative sentiment.