EURUSD tries to break the downtrend

Expert market comment from Alex Kuptsikevich of the FxPro Analyst Team: EURUSD tries to break the downtrend
FxPro | 978 days ago
Stocktwits

EURUSD tries to break the downtrend

The EURUSD continues to draw an almost perfect downward trend. Since the end of February, the 50-day moving average has repeatedly acted as resistance. This week we see another test of this line, which has fallen to the area of 0.9900.

It is still difficult to find hard data supporting a reversal, but there is no such thing as a no-trend in the key currency pairs, so forex traders are keeping a close eye on various reversal signals.

On Tuesday, the EURUSD broke above 0.99, where the 50-day moving average is located. And now all eyes are on whether it will manage to stay above this signal line.

ve a local rising trend that has been formed in the pair since the end of September. The daily charts clearly show how the buyers support the EUR from higher and higher levels.

Another important signal of a trend break is the 1.0 level, which is a psychologically crucial round level, the area of the highs in early October and a significant support area from mid-July to the end of September.

A return of the EURUSD above parity would signal a strong start of a full-scale correction (at least), with a potential target of 1.06 (61.8% of the May 2021-September 2022 decline). This is also a significant breakout area for the pair in March 2020 and May-June 2022.

 

By the FxPro Analyst Team 

Regulation: FCA (UK), SCB (The Bahamas)
Tags: Analysis EURUSD
Stocktwits
read more
Oil Rises, Dollar Stalls as Risk Appetite Builds | 27th June, 2025

Oil Rises, Dollar Stalls as Risk Appetite Builds | 27th June, 2025

WTI crude nears $75 on strong US inventory draw, boosting risk sentiment. The US Dollar remains weak amid Fed independence fears, lifting AUD/USD to 0.6880 and EUR/USD near 1.1700. USD/JPY retreats while USD/CNY stays steady on a firmer PBOC fix. Focus shifts to US PCE data and global central bank commentary.
Moneta Markets | 3 days ago
EUR/USD Extends Rally as Risk Sentiment Improves

EUR/USD Extends Rally as Risk Sentiment Improves

On Wednesday, EUR/USD climbed to 1.1621, marking its fifth consecutive session of gains with little interruption. The upward momentum reflects easing geopolitical tensions, which in turn have reduced the demand for traditional safe-haven assets.
RoboForex | 4 days ago
ATFX Market Outlook 25th June 2025

ATFX Market Outlook 25th June 2025

Under pressure from U.S. President Trump, the fragile ceasefire agreement between Israel and Iran took effect on Tuesday. Federal Reserve Chair Jerome Powell told lawmakers that tariff increases this summer could begin to push inflation higher, marking a critical period for the Fed’s consideration of rate cuts.
ATFX | 4 days ago
ATFX Market Outlook 23rd June 2025

ATFX Market Outlook 23rd June 2025

For the week, the Dow was flat, the S&P 500 fell 0.2%, while the Nasdaq rose 0.2%. The uncertainty in the Middle East and its potential impact on the global economy pushed the U.S. Dollar Index to its largest weekly gain in over a month. The Federal Reserve noted that trade policies are still evolving, making it premature to assess the economic impact of tariffs.
ATFX | 7 days ago
ATFX Market Outlook 20th June 2025

ATFX Market Outlook 20th June 2025

U.S. markets were closed on Thursday for the Juneteenth holiday, but the escalating airstrikes between Israel and Iran continued to stir markets. Reports indicate that former President Trump will decide within two weeks whether the U.S. will intervene, raising concerns over a broader conflict and boosting safe-haven sentiment.
ATFX | 10 days ago
ATFX Market Outlook 19th June 2025

ATFX Market Outlook 19th June 2025

Following the Fed’s decision and Powell’s comments suggesting elevated inflation and a slower path of easing, U.S. Treasury yields trimmed losses. The dollar strengthened against most major peers except the yen, with the DXY briefly breaking above the 99 level.
ATFX | 11 days ago
ATFX Market Outlook 18th June 2025

ATFX Market Outlook 18th June 2025

Soft U.S. retail sales and industrial production in May point to a weakening economy. U.S. stocks closed lower on Tuesday as the Israel-Iran conflict entered its fifth day, deepening investor anxiety. The U.S. military is deploying fighter jets to the Middle East. The Dow Jones fell 0.7%, the S&P 500 dropped 0.84%, and the Nasdaq declined 0.9%.
ATFX | 12 days ago
Tools
Economic Calendar
Market Hours
Interest Rates
Holidays Calendar
Forex Market
Forex Volatility
Forex Correlation
Forex News
forex analysis
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Indicators Heatmap
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Sentiment Indicator
Reviews
Brokers
Prop Trading Firms
VPS Services
Signal Providers
EA Programming Services
Affiliate Programs
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Crypto Exchanges
Trading Courses
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions Press Release
Platform
Widgets
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2025 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.