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EURUSD,H4 Chart Discussion

AM Content
AM Content Dec 28 2020 at 09:01
EURUSD Market Technical & Fundamental Analysis | December 28, 2020

EURUSD upside momentum increased speed at the current trading session as expected. The greenback is the 2020 overall loser. However, a weak dollar could lead the U.S to a faster recovery from the economic recession. At this stage, the optimism weighs on the euro.

Initial resistance is 1.226 followed by 1.227 round-figure.
The current trade zone my witness a pullback to 1.2215. On the other hand, a clear penetration in the said level (1.226) provides new bullish entries.
AM Content
AM Content Dec 28 2020 at 09:01
EURUSD Market Technical & Fundamental Analysis | December 28, 2020

EURUSD upside momentum increased speed at the current trading session as expected. The greenback is the 2020 overall loser. However, a weak dollar could lead the U.S to a faster recovery from the economic recession. At this stage, the optimism weighs on the euro.

Initial resistance is 1.226 followed by 1.227 round-figure.
The current trade zone my witness a pullback to 1.2215. On the other hand, a clear penetration in the said level (1.226) provides new bullish entries.
AM Content
AM Content Dec 21 2020 at 11:02
EURUSD has firmly closed below 1.2176, the downward movement is likely to continue to 1.21.
AM Content
AM Content Dec 10 2020 at 14:58
EURUSD Market Analysis | December 10, 2020

EURUSD has maintained the uptrend after it broke the 1.2 resistance, and it made a fresh 2020 high successfully. Euro approaches the 2018 high at 1.255 gradually amid BREXIT impasse, and the ECB bond-buying scheme, which will be commented at the ECB last meeting of the year.

The ECB is projected to add around €500 billion to its Pandemic Emergency Purchase Program (PEPP)
ECB President Christine Lagarde could comment on the euro's rising exchange rate, which depresses inflation and exports. Any hints of cutting the deposit rate, which is at -0.50% would send the euro down.
Unemployment rate is increasing, the ECB might vote for rate cut to control inflation.
Support is at 1.2, bulls declined bears effort in breaching the said deck. EURUSD is considered strongly bullish above 1.2.
AM Content
AM Content Dec 02 2020 at 12:35
EURUSD Analysis December 2, 2020

EUR/USD rises among vaccine optimism, notwithstanding Biden's China comments

The pair floats above 1.205 as the UK confirmed the Pfizer/BioNTech vaccine, and as the U.S politicians consider to inject the small business, and households with a stimulus package.

Technical Standpoint
Monthly overview
The EUR rose above the descending trend-line that was valid from July 2008 until August 2020. The above mentioned trend-line was the biggest barrier for the bulls to break through.
Stochastic hovers in the overbought zone

Daily Overview
Now that the bulls pushed above the 1.2 resistance, the path is paved to address the hunger to cap the next support at 1.22 followed by 1.255.
Stochastic hovers in the overbought zone
AM Content
AM Content Dec 02 2020 at 10:01
EURUSD Analysis December 2, 2020

EUR/USD rises among vaccine optimism, notwithstanding Biden's China comments

The pair floats above 1.205 as the UK confirmed the Pfizer/BioNTech vaccine, and as the U.S politicians consider to inject the small business, and households with a stimulus package.

Technical Standpoint
Monthly overview
The EUR rose above the descending trend-line that was valid from July 2008 until August 2020. The above mentioned trend-line was the biggest barrier for the bulls to break through.
Stochastic hovers in the overbought zone

Daily Overview
Now that the bulls pushed above the 1.2 resistance, the path is paved to address the hunger to cap the next support at 1.22 followed by 1.255.
Stochastic hovers in the overbought zone
AM Content
AM Content Nov 25 2020 at 13:04
Wednesday November 25, 2020
EURUSD capped the November high at 1.1919. This is the last frontier for the bulls to beat in order to drag the market to the September high at 1.2011, and the break of that level seems likely.
There is a short-term opportunity for bears with risk above 1.1919, and with gain around 1.1800. However, citing the bulls strength and the upside momentum, opening high volume sell positions don’t seem logical.
AM Content
AM Content Sep 16 2020 at 11:40
Wednesday, September 16

The support 1.1752 withholds, meaning the upside movement continues as the bull's power indicator shows more positive values.

We expect the market faces the resistance at 1.200.

On the contrary, a breach in 1.1752 resistance indicates the 1.200 peak is valid, and forming a new low will be expected in the upcoming days.
AM Content
AM Content Jul 16 2020 at 06:44
Technical Analysis
EURUSD July 16, 2020

The EURUSD couldn't control to continue for a long time above 1.1420 resistance.

Sell demand will be expected for today. Please note that breaching 1.1420 and operating above it will end the bearish scenario, and the uptrend will resume.

The expected trading range for today
1.1300 and 1.1450
AM Content
AM Content Jul 09 2020 at 14:59
Thursday July 9, 2020

New high 1.1371
Market orientation: Bullish
Key support: 1.1167

The EURUSD stabilized itself above the broken channel since July 6.
Bulls have made a hole in the resistance 1.1350. The market pullback could be considered as a new correction before a new push.


Bullish scenario
The new high is at 1.1370
The secondary target depends on the breach in the new high.

Bearish scenario
If USD gains enough value to breach the 2x trend line, the market pullback may proceed in the lower levels around 1.1250 continued by 1.1200.