EUR/USD outook

Source: Dukascopy Bank SA
EUR/USD saw low levels of volatility during the previous trading week.

Economic Calendar Analysis


Moderate levels of volatility may be expected this week, with the release of economic data from the U.S.

Friday may bring higher levels of volatility overall due to economic releases from both the EU and the U.S.

EUR/USD hourly chart analysis

Price of a currency pair is may be expected to rise and could reach 1.05235. This is supported by the fact that the price is currently above key moving averages (50-period, 100-period, and 200-period), which indicates a strong overall upward trend in the market. When the price is above these moving averages, it typically signals bullish momentum, suggesting more upward movement is likely.

Hourly Chart

EUR/USD daily chart's review

Continuing previous weeks trend, On the daily time frame, sideways price action should be considered until the market provides a clear directional bias. A resistance level of 1.06100 may confirm bullishness if broken. A support level of 1.01800 may indicate a bearish trading bias.



Daily chart




Traders sentiment is bullish






Continuing previous week could be considered that significant bullish sentiment has occurred in the FX pair. Further increases in the bullish trend should provide guidance for the directional bias.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.