General EURUSD Chart Analysis

[CDO Markets]

Resistance Level: 1.0615, 1.0680, 1.0760
Support Level : 1.0470, 1.0400, 1.0350

• The EUR/USD rose further during the American session and climbed to 1.0614, reaching the highest level in two weeks. The euro was unable to consolidate above 1.0600 and pulled back underneath the psychological level, still holding onto holding daily gains. It ended Monday around 1.0580, neutral to bullish in the daily chart.
• The improvement in risk sentiment weakened the greenback. The DXY is falling 0.25% on Monday, trading at 103.85. US bond yields are modestly higher, but European yields rose even further. The German 10-year yield jumped 7% to 1.54%. The divergence helped EUR/USD to move higher.
• US economic data came in above expectations, with Durable Goods Orders and Pending Home Sales rising more than market consensus. The dollar did not benefit from the numbers. On Thursday, the Core PCE is due.
• The EUR/USD pair is trading near the 1.0580, up for the day with the neutral stance in daily chart. The pair still maintains the upward slope and stabilized above 20 and 50 SMA, bullish in the short term. Meanwhile, the upside bearish trend line capped upside potentials, unable to stabilized above this level suggests bears not exhausted yet. On upside, the immediate resistance is 1.0615, break above this level will extend the advance to 1.0680.
• Techinical readings in the daily chart support the neutral stances. The RSI indicators hoveringnear the midlines and stabilized around 50, shows neutral strength. The Momentum indicator struggled below the midline, indicating downward potentials. On downside, the immediate support is 1.0470 and below this level will open the gate to 1.0350.

 

[CDO Markets]

Resistance Level: 1.0615, 1.0680, 1.0760
Support Level : 1.0470, 1.0400, 1.0350

• The EUR/USD dropped further and bottomed at 1.0501, the lowest level since Thursday. It then trimmed losses, rising to 1.0530. The move lower took place amid a stronger US dollar across the board. It ended Tuesday around 1.0530, bearish in the daily chart.
• US economic data came in below expectations. The Conference Board’s Consumer Confidence Index dropped to 98.7 in June, the lowest level in 16 months. The Richmond Fed Manufacturing Index tumbled to -19 in June from -9, against market consensus of -11. The S&P/Case Shiller Price Index rose 1.6% in April. The numbers did not affect the dollar.
• The greenback gained ground as Wall Street indexes turned negative. The Dow Jones is falling by 0.51% and the Nasdaq by 1.74%. US yields pulled with the US 10-year at 3.20% and the 30-year at 3.31%.
• The EUR/USD pair is trading near the 1.0530, down for the day with the bearish stance in daily chart. The pair still maintains the downward slope and stabilized below 20 and 50 SMA, bearish in the short term. Meanwhile, 20 and 50 SMA capped upside attempts, unable to stabilized above this level suggests bears not exhausted yet. On upside, the immediate resistance is 1.0615, break above this level will extend the advance to 1.0680.
• Techinical readings in the daily chart support the bearish stances. The RSI indicators hovering below the midlines and stabilized around 47, shows bearish strength. The Momentum indicator struggled below the midline, indicating downward potentials. On downside, the immediate support is 1.0470 and below this level will open the gate to 1.0350.

View attachment 21082

 

[Brut00s]

It seems to be really interesting, I'll test it and then post here what I found

 

[CDO Markets]

Resistance Level: 1.0510, 1.0610, 1.0680
Support Level : 1.0360, 1.0300, 1.0250

• EUR/USD bounced up after hit intraday low below 1.0400 and stabilized above 104.80 region on Thursday. It hold near the top and ended Tuesday around 1.0485, still bearish in the daily chart.
• The dollar rally remains largely intact, given rising worries about a global recession, although data on Thursday was far from impressive and did nothing to allay concerns about the US economy sinking towards a recession.
• The highlights of Thursday's data schedule were a faster monthly pace of growth in the PCE price index, steady personal income expansion, and slower spending growth. Personal income was up 0.5% in May, right on expectations after a 0.5% gain in the previous month.
• The EUR/USD pair is trading near the 1.0485, up for the day with the bearish stance in daily chart. The pair still maintains the downward slope and stabilized below 20 and 50 SMA, bearish in the short term. Meanwhile, 20 and 50 SMA capped upside attempts, unable to stabilized above this level suggests bears not exhausted yet. On upside, the immediate resistance is 1.0510, break above this level will extend the advance to 1.0610.
• Techinical readings in the daily chart support the bearish stances. The RSI indicators hovering below the midlines and stabilized around 44, shows bearish strength. The Momentum indicator struggled below the midline, indicating downward potentials. On downside, the immediate support is 1.0360 and below this level will open the gate to 1.0300.

 

[Frano Grgić]

On Monday the price had a false breakout from the range area to the upside where the next day the price returned back inside the range area.

On the last two days the price reached the previous two weeks target $1.03920 and bounced from the support.

If the price manages to close the day below $1.03920 then we would have price moving to long term target $1.02975.

If we take these three time frames into calculation the EURUSD price will move down around 200 pips from the current price.

 

[CDO Markets]

Resistance Level: 1.0510, 1.0610, 1.0680
Support Level : 1.0360, 1.0300, 1.0250

• The EUR/USD dropped from 1.0461 to 1.0416, approaching the Asian session low as the US dollar recovered strength. Volatility remains limited amid low volume as US markets are closed on Monday. It ended Monday around 1.0425, still bearish in the daily chart.
• The EUR/SUD shows no surprises on a quiet session across financial market amid a holiday in the US. The pair approached 1.0470 earlier on Monday but it lost momentum and pullback to the levels it closed on Friday.
• Economic data from the Eurozone showed the Producer Price Index rose 0.6% in May, below the 1% of market consensus. The annual rate dropped from 37.2% to 36.3%, a level that continues to warrant rate hikes from the European Central Bank. The Sentix Investor Confidence tumbled from -15.8 to -26.4 in July.
• The EUR/USD pair is trading near the 1.0425, unchanged for the day with the bearish stance in daily chart. The pair still maintains the downward slope and stabilized below 20 and 50 SMA, bearish in the short term. Meanwhile, 20 and 50 SMA capped upside attempts, unable to stabilized above this level suggests bears not exhausted yet. On upside, the immediate resistance is 1.0510, break above this level will extend the advance to 1.0610.
• Techinical readings in the daily chart support the bearish stances. The RSI indicators hovering below the midlines and stabilized around 40, shows bearish strength. The Momentum indicator struggled below the midline, indicating downward potentials. On downside, the immediate support is 1.0360 and below this level will open the gate to 1.0300.

 

[CDO Markets]

Resistance Level: 1.0350, 1.0450, 1.0550
Support Level : 1.0235, 1.0200, 1.0150

• The EUR/USD plummets to fresh twenty-year lows below the 1.0350 previous low printed on May 13, accelerating towards the 1.0200s region courtesy of a stronger US dollar. At 1.0266, the EUR/USD loses almost 1.50% on the day, still bearish in the daily chart.
• A risk-off impulse has the safe-haven peers on the right foot. The US Dollar Index, a gauge of the greenback’s value, also advances to twenty-year highs, above the 106.50 level, up almost 1.30%, on renewed stagflation. All that despite the chances that US President Joe Biden might lift tariffs imposed on China’s products during the Trump presidency.
• Data-wise, the EU economic docket featured S&P Global Services and Composite PMIs for June in Spain, Italy, France, and Germany. Most readings missed expectations and are showing the economy slowing at a faster pace. In the case of the Euro area as a whole, the Services PMI reading came at 53, while the Composite stayed around 52.
• The EUR/USD pair is trading near the 1.0266, down for the day with the bearish stance in daily chart. The pair still maintains the downward slope and stabilized below all main SMAs, bearish in the short term. Meanwhile, 20 and 50 SMA capped upside attempts, unable to stabilized above this level suggests bears not exhausted yet. On upside, the immediate resistance is 1.0350, break above this level will extend the advance to 1.0450.
• Techinical readings in the daily chart support the bearish stances. The RSI indicators hovering below the midlines and stabilized around 33, shows bearish strength. The Momentum indicator struggled below the midline, indicating downward potentials. On downside, the immediate support is 1.0235 and below this level will open the gate to 1.0200.

 

[CDO Markets]

Resistance Level: 1.0270, 1.0350, 1.0450
Support Level : 1.0150, 1.0100, 1.0050

• The shared currency continued its collapse against the greenback, courtesy of recession fears in the Euro area, amidst an energy crisis that, if it aggravates, might cause a long-lasting economic contraction, as Russia threatens to halt natural gas flows to the bloc. The pair ended Wednesday around 1.0185, still bearish in the daily chart.
• A risk-off impulse favors safe-haven flows, meaning global equities are down and a stronger greenback. Recession fears appear to dissipate as traders brace for the release of the FOMC minutes. Softer US data revealed earlier showed that the US economy is slowing down, as illustrated by S&P Global and ISM Non-Manufacturing PMIs.
• In the week ahead, the EU economic docket will feature the German Industrial Production and ECB speaking led by ECB’s Philip Lane and Enria. Across the pond, the US calendar will unveil Initial Jobless Claims, ADP Employment Change, and Fed speakers, with Christopher Waller and St. Louis Fed President James Bullard crossing newswires.
• The EUR/USD pair is trading near the 1.0185, down for the day with the bearish stance in daily chart. The pair still maintains the downward slope and stabilized below all main SMAs, bearish in the short term. Meanwhile, 20 SMA continued accelerating south and developing far below longer ones, suggests bears not exhausted yet. On upside, the immediate resistance is 1.0270, break above this level will extend the advance to 1.0350.
• Techinical readings in the daily chart support the bearish stances. The RSI indicators hovering below the midlines and stabilized around 30, shows bearish strength. The Momentum indicator struggled below the midline, indicating downward potentials. On downside, the immediate support is 1.0150 and below this level will open the gate to 1.0100.

 

[CDO Markets]

Resistance Level: 1.0270, 1.0350, 1.0450
Support Level : 1.0140, 1.0100, 1.0050

• The EUR/USD failed to hold onto daily gain and fell to test the 1.0160 area. A weaker euro pushed the pair to the downside despite a recovery in equity prices. The pair ended Thursday around 1.0165, still bearish in the daily chart.
• Despite the improvement in market sentiment, that continues to be among the weakest currencies and facing forecasts of a slide to parity in EUR/USD. Doubts about the anti-fragmentation instrument weigh on the euro. The US Dollar Index is falling marginally hovering around 107.00. US yields are higher supporting the greenback. The US 10-year yield stands at 2.99%, and the 30-year at 3.17%. The Dow Jones rises by 0.95% and the S&P 500 gains 1.22%.
• In the US, economic data showed an increase in Initial Jobless Claims and a narrower trade deficit in May. The numbers were ignored by market participants. On Friday, the official employment report is due. Market consensus is for an increase of 270K in jobs and the unemployment rate to remain at 3.6%.
• The EUR/USD pair is trading near the 1.0165, down for the day with the bearish stance in daily chart. The pair still maintains the downward slope and stabilized below all main SMAs, bearish in the short term. Meanwhile, 20 SMA continued accelerating south and developing far below longer ones, suggests bears not exhausted yet. On upside, the immediate resistance is 1.0270, break above this level will extend the advance to 1.0350.
• Techinical readings in the daily chart support the bearish stances. The RSI indicators hovering below the midlines and stabilized around 29, shows bearish strength. The Momentum indicator struggled below the midline, indicating downward potentials. On downside, the immediate support is 1.0140 and below this level will open the gate to 1.0100.

 

[Frano Grgić]

On Monday we had an indecision candle where the bulls tried to push the price up, but the price closed the day close to the open price.

We can see the price has entered into the downtrend channel and reached the demand zone and bounced back to test the downtrend channel resistance line.

The pin bar has formed right on the support level which is weekly and monthly support that had retraced in the past.

We can use this price action signal on the support level and look for the exit on the first resistance at $1.02975.

 

[CDO Markets]

Resistance Level: 1.0100, 1.0200, 1.0300
Support Level : 1.0000, 0.9950, 0.9900

• The EUR/USD bounces off fresh 20-year lows around the parity area, trimming some of Monday’s losses, as market sentiment wobbles. The pair ended Tuesday near 1.0040, still bearish in the daily chart.
• The market mood is mixed, as portrayed by US equities fluctuating as recession fears persist. The US 2s-10s yield curve stays inverted for the second time in the week, reaching -0.107%, a level last seen in 2007. Meanwhile, the US Dollar Index, a gauge of the greenback’s value, takes a breather, down 0.20% at 107.986, a tailwind for the EUR/USD, which dropped close to the parity on weaker than expected EU news.
• In the meantime, Fed speakers did little to nothing during the New York session to boost the greenback. Richmond’s Fed President Thomas Barkin said that he was reserving judgment on a 50 or 75 bps rate hike in the July meeting and reiterated that he would like real rates positive across the curve. Furthermore added that a negative Q2 GDP would take it “seriously” while adding that he expects another elevated inflation report.
• The EUR/USD pair is trading near the 1.0040, down for the day with the bearish stance in daily chart. The pair still maintains the downward slope and stabilized below all main SMAs, bearish in the short term. Meanwhile, 20 SMA continued accelerating south and developing far below longer ones, suggests bears not exhausted yet. On upside, the immediate resistance is 1.0100, break above this level will extend the advance to 1.0300.
• Techinical readings in the daily chart support the bearish stances. The RSI indicators hovering below the midlines and stabilized around 25, shows bearish strength. The Momentum indicator struggled below the midline, indicating downward potentials. On downside, the immediate support is 1.0000 and below this level will open the gate to 0.9950

 

[CDO Markets]

Resistance Level: 1.0120, 1.0200, 1.0300
Support Level : 1.0000, 0.9950, 0.9900

• EURUSD rebounds after an intraday dive below parity at around 0.9997, for the first time in 20 years, and is staging a recovery during Wednesday’s North American session, sparked by a hot US inflation report revealed by the US Department of Labour, which lifted the major towards the daily high at around 1.0122. The pair trimmed some gains and ended Wednesday near 1.0060, still bearish in the daily chart.
• Sentiment-wise, investors remain pessimistic, as shown by global equities tumbling across the board. in the meantime, the US Dollar Index, a measurement of the greenback’s value against a basket of six currencies, slumps by 0.30%, underpinned by falling US Treasury yields, and is sitting at 107.827. Also, recession fears loom as the US 2s-10s yield curve remains inverted for the seventh consecutive day, at -0161%.
• In the meantime, the US inflation report has fueled the possibility of a jumbo rate hike by the Federal Reserve. The short-term interest rates (STIRs) money market futures show that traders have fully priced a 75 bps rate hike by the July 26-27 meeting. However, the odds of a 100 bps rate hike lie at 82%, leaving the door open for a jumbo move due to the stickiness and persistently high inflation.
• The EUR/USD pair is trading near the 1.0060, up for the day with the bearish stance in daily chart. The pair still maintains the downward slope and stabilized below all main SMAs, bearish in the short term. Meanwhile, 20 SMA continued accelerating south and developing far below longer ones, suggests bears not exhausted yet. On upside, the immediate resistance is 1.0120, break above this level will extend the advance to 1.0300.
• Techinical readings in the daily chart support the bearish stances. The RSI indicators hovering below the midlines and stabilized around 29, shows bearish strength. The Momentum indicator struggled below the midline, indicating downward potentials. On downside, the immediate support is 1.0000 and below this level will open the gate to 0.9950.

 

[mosodi]

EURUSD had bull run just in few four hour sessions where the price have reached resistance level.
That level is hard to break up and price formed two bearish Pinbar.

Daily time frame is showing bearish Pinbar. All those signals suggest we could see price moving down to the range area support level.
View attachment 7943

Weldone man!!! SPot on

 

[CDO Markets]

Resistance Level: 1.0120, 1.0200, 1.0300
Support Level : 1.0000, 0.9950, 0.9900

• EURUSD gave up on sellers and broke below parity for the first time since December of 2002, finishing a period of 20 years below 1 figure, reaching a fresh 20-year low around 0.9952, before recovering some ground and trimming its earlier losses. The pair ended Thursday near 1.0020, still bearish in the daily chart.
• Global equities are tumbling, displaying investors’ pessimistic mood. In the meantime, the US Dollar Index, a measurement of the greenback’s value against a basket of six of the G8 currencies, printed a fresh 20-year high, around 109.294, before retreating some, but remains up 0.67% underpinned by higher US Treasury yields, and is sitting at 108.720, a headwind for the EURUSD.
• Before Wall Street opened, the US docket reported prices paid by producers, also known as PPI. The PPI continued its upward trajectory, topping the 11% mark at 11.3%, beating expectations of 10.7%. Albeit a negative reading, showing persistent cost pressures, producers get a respite as commodity prices recoil on concerns about global demand. This adds to Wednesday CPI, which at 9.1% YoY, inflicts substantial pressure on the Federal Reserve to move quickly and aggressively if they would not like inflation expectations to anchor at higher levels. onsequently, this would be a headwind for the EURUSD, despite the ECB’s guidance that it would begin raising rates for the first time in 11 years.
• The EUR/USD pair is trading near the 1.0020, down for the day with the bearish stance in daily chart. The pair still maintains the downward slope and stabilized below all main SMAs, bearish in the short term. Meanwhile, 20 SMA continued accelerating south and developing far below longer ones, suggests bears not exhausted yet. On upside, the immediate resistance is 1.0120, break above this level will extend the advance to 1.0300.
• Techinical readings in the daily chart support the bearish stances. The RSI indicators hovering below the midlines and stabilized around 26, shows bearish strength. The Momentum indicator struggled below the midline, indicating downward potentials. On downside, the immediate support is 1.0000 and below this level will open the gate to 0.9950.

 

[Frano Grgić]

The price has moved strongly down on Monday and on Tuesday the price reached parity.

The Friday closed above previous days bodies close so it is a small indication price could move upwards.

The price is now in the downtrend channel and supply zone above could push the price down.

A small retrace to the first resistance could be all that we could see from bulls.

 

[CDO Markets]

Resistance Level: 1.0120, 1.0200, 1.0300
Support Level : 1.0000, 0.9950, 0.9900

• EURUSD buyers stepped in vigorously, defending the euro from falling below parity, with the major trading above the July 14 high 1.0058, though before dipped towards 1.0006, at the brink of the 1.0000 mark, but bounced off daily lows, and climbed towards 1.0100, still bearish in the daily chart
• The financial markets narrative remains unchanged. Worries of higher inflation, central banks tightening, and recession jitters linger on investors’ minds. Nevertheless, global equities edge up in positive US economic data related to consumers, which would further cement the Fed’s case for a 75 bps hike. That said, the EURUSD will be at the mercy of interest rate differentials between the ECB and the Fed, which could favor the shared currency. However, the greenback recoils 0.52%, as shown by the US Dollar Index falling towards 108.070, a tailwind for the euro.
• In the meantime, upbeat economic data give traders a respite, but not to USD buyers, which are booking profits ahead of the weekend. The US Department of Commerce reported that US Retail Sales rose by 1% YoY, exceeding expectations of 0.8%, and also left behind May’s dismal reading of -0.3%. Of late, the University of Michigan Consumer Sentiment came better than expected, with the index toping 51.1 vs. 49.9 estimated. The positive in the report is that inflation expectations tempered, with consumers seeing inflation at 2.8% over a 5-year horizon, lower than 3.1% in June. Although data is positive, that could boost the EURUSD because the data may ease Fed officials from hiking more than 75 bps.
• The EUR/USD pair is trading near the 1.0080, up for the day with the bearish stance in daily chart. The pair still maintains the downward slope and stabilized below all main SMAs, bearish in the short term. Meanwhile, 20 SMA continued accelerating south and developing far below longer ones, suggests bears not exhausted yet. On upside, the immediate resistance is 1.0120, break above this level will extend the advance to 1.0300.
• Techinical readings in the daily chart support the bearish stances. The RSI indicators hovering below the midlines and stabilized around 32, shows bearish strength. The Momentum indicator struggled below the midline, indicating downward potentials. On downside, the immediate support is 1.0000 and below this level will open the gate to 0.9950.

 

[Marlhyk]

Thanks for the update I'll take my time to it real soon

 

[CDO Markets]

Resistance Level: 1.0200, 1.0270, 1.0350
Support Level : 1.0100, 1.0000, 0.9950

• EURUSD extended gains to two consecutive days after hitting a fresh 20-year low below parity. Since then, the EURUSD pair has not looked back and reached a new two-week high near 1.0200 before settling at 1.0145, still bearish in the daily chart.
• The financial markets narrative remains unchanged. Worries of higher inflation, central banks tightening, and recession jitters linger on investors’ minds. Nevertheless, global equities climbed on positive US equity earnings, signaling that companies are preparing for further Fed tightening, while investors shrugged off China’s coronavirus outbreak, which threatened to keep the supply chain disrupted and consequently higher prices. That said, the greenback is losing 0.73%, underpinning the EURUSD, which will be pressured due to EU inflation data, the ECB’s monetary policy decision, and US S&P Global PMIs by the end of the week.
• The EURUSD will have a volatile week as the ECB’s monetary policy decision lurks. The central bank is widely expected to hike rates by 25 bps, for the first time in 11 years, amidst a period of elevated inflation and energy bills soaring due to the Russian oil embargo. Despite ECB’s hawkish member’s expressions of looking for a 50 bps move, the ECB President Christine Lagarde expressed intentions of tiptoeing with a 25 bps move, opening the door for a larger hike in September, namely a 50 bps.
• The EUR/USD pair is trading near the 1.0145, up for the day with the bearish stance in daily chart. The pair still maintains the downward slope and stabilized below all main SMAs, bearish in the short term. Meanwhile, 20 SMA continued accelerating south and developing far below longer ones, suggests bears not exhausted yet. On upside, the immediate resistance is 1.0200, break above this level will extend the advance to 1.0350.
• Techinical readings in the daily chart support the bearish stances. The RSI indicators hovering below the midlines and stabilized around 38, shows bearish strength. The Momentum indicator struggled below the midline, indicating downward potentials. On downside, the immediate support is 1.0100 and below this level will open the gate to 0.9950.

 

[CDO Markets]

Resistance Level: 1.0270, 1.0350, 1.0400
Support Level : 1.0120, 1.0000, 0.9950

• EURUSD advances sharply, carrying out earlier sentiment during the European session, courtesy of a “leak” that the ECB might hike rates more than 25 bps in the July meeting, which caused a jump in the EURUSD from 1.0160 towards daily highs shy of the 1.0270 area. The pair trimmed some gains and ended Tuesday around 1.0230, neutral to bearish in the daily chart.
• The EURUSD got bolstered by a risk-on impulse, as shown by worldwide equities climbing. The greenback remains on the backfoot, as demonstrated by the US Dollar Index (DXY), tumbling 0.82%, at 106.542, during the day. Worth noticing that once the DXY reached a fresh 24-year high, the index sank more than 2.50%, as safety outflows ignited a US Dollar selloff. In the meantime, the US 10-year Treasury yield ascends above the 3% threshold, up by three bps.
• In the meantime, Reuters reported that ECB policymakers might discuss a 25 of 50 bps rate hike. The money market future STIRs immediately have an 82% chance of the ECB increasing 50 bps while pricing in a 100% of 25 bps, something that EURUSD traders should be aware of. Alongside that, the ECB is preparing an anti-fragmentation tool for peripheral countries like Italy as the ECB scrambles to tighten the spreads between the German Bund and the BTPs.
• The EUR/USD pair is trading near the 1.0230, up for the day with the bearish stance in daily chart. The pair still maintains the downward slope and stabilized below 50 and 200 SMAs, bearish in the long term. Meanwhile, 20 SMA continued developing far below longer ones, suggests bears not exhausted yet. On upside, the immediate resistance is 1.0270, break above this level will extend the advance to 1.0350.
• Techinical readings in the daily chart support the bearish stances. The RSI indicators hovering below the midlines and stabilized around 44, shows bearish strength. The Momentum indicator struggled below the midline, indicating downward potentials. On downside, the immediate support is 1.0120 and below this level will open the gate to 0.9950.

 

[Christine Ramon]

The parity completed its bowl structure during the week and reacted up to 1.0275 resistance.