EUR/USD Outlook

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD saw higher levels of volatility last week, pushing the price above 1.08000.

Economic Calendar Analysis


Moderate volatility could be expected if upcoming economic data releases significantly impact the near-term outlook for the FX pair.

On Wednesday, U.S. consumer price data will be released to the market.

EUR/USD hourly chart analysis

Bullishness in the FX pair may continue, considering that the 50-period, 100-period, and 200-period simple moving averages are all below the current price. Further bullish price discovery could push the FX pair toward the 1.10000 resistance level.

Hourly Chart

EUR/USD daily chart's review

The resistance level at 1.06100 has been breached, signaling a potential shift in market sentiment toward further bullish momentum. This breakout suggests that the price could continue its upward trajectory in the near term, with the next significant target being 1.12000. Traders and analysts will likely be monitoring this level closely, as it could indicate continued strength in the market, potentially leading to further gains if buying pressure persists. If 1.12000 is reached.



Daily chart




Traders sentiment is bearish






A significant change in sentiment has occurred, with notable bearishness, as less than 30% of trades are on the long side.

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