FX pair moved to the upside closing above 1.15700.
Economic Calendar Analysis
Comparing to previous weeks, overall volatility should be considered moderate.
EUR/USD hourly chart analysis
EUR/USD is basically moving sideways after a recent push up and is sitting around 1.1530. Price is stuck around the main moving averages, which are all flattening and bunching together. That usually means the market is undecided and a bigger move is likely coming soon. Right now, the pair is holding above 1.1450, which keeps things slightly bullish, but it hasn't been able to stay above 1.1595, so there's no strong upward trend yet.Hourly Chart
EUR/USD daily chart's review
EUR/USD has turned bearish. The biggest signal is that price has dropped below the 200-day moving average, which usually defines the long-term trend. Once price is below it, the market is generally considered in a downtrend.The 50 and 100 moving averages are both pointing downward now and sitting above price, acting like a ceiling. The 50 has also crossed below the 100, which adds to the bearish momentum.Daily chart
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Traders are going long
A significant change in sentiment has occurred, with notable bullishness, as less than 40% of trades are on the short side.