EUR/USD outlook

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD experienced elevated volatility but closed slightly below 1.13800 compared to the previous week.

Economic Calendar Analysis


Fundamental data releases this week may bring higher volatility. ISM Manufacturing PMI and Gross Domestic Product numbers will play a significant role.

EUR/USD hourly chart analysis

Sideways trading may persist in the short term as the market anticipates fundamental data releases this week. A trading range between 1.13100 and 1.14500 may hold until the market is given a clearer directional basis.

Hourly Chart

EUR/USD daily chart's review

The resistance level at 1.1200 has been breached. This breakout suggests that the price could continue its upward trajectory in the near term, with the next significant target being 1.22000. Traders and analysts will likely be monitoring this level closely, as it could indicate continued strength in the market and potentially lead to further gains if buying pressure persists.



Daily chart




Traders sentiment is bearish






Trader sentiment has seen slight changes in the FX pair, with increasing levels of bullishness. However, the majority of traders remain bearish.

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