Analyzing Recent EUR/USD Movements – Any Insights?

[dapdypeed]

Hey fellow traders! Let's dissect the recent EUR/USD moves. Share your analysis and let's navigate these markets together!

 

[swamifx2]

In the broader context, the movements in prices starting from 1.1274 are considered part of a corrective pattern following the upward movement from the 2022 low of 0.9534. The upward movement from 1.0447 is identified as the second phase. Although the possibility of additional upward momentum exists, any increase is expected to be constrained by the 1.1274 level, leading to the initiation of the pattern's third phase. Conversely, a sustained breach of the 1.0722 support level would suggest that the third phase has already commenced, targeting levels of 1.0447 and below.

 

[Daily69]

To me, EU USD is inside a range as shown by the levels marked on the attached chart...so reversals on both ends can be played ...more emphasis is on the buy side but the chart range is narrow aka low volatility....

So, I would NOT touch the EU USD even with a 10 foot pole.

 

[drewski1980]

There was red folder news the last two days, that's why we saw wilod moves on the EU!!