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AM Content
AmContent 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
AmContent 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
AmContent 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
AmContent 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
AmContent 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
AmContent 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
AmContent 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
AmContent 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
AmContent 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
AmContent 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.
AM Content
AmContent Jul 09 2020 at 14:59
Thurday 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.
AM Content
AmContent Jul 07 2020 at 09:55
Tuesday, July 6, 2020


Trend orientation: Bullish

Daily Key resistance: 1.1350
Daily key support: 1.1167
Trading range: 1.1167 - 1.1142

EURUSD had a pullback from 1.1350 resistance and tested the 1.1300 minor support. The mentioned level has been infiltrated, and the market is fluctuating above the downtrend channel from June 10.

Stronger Scenario:
Buyers are expecting the market to surge, and kill the 1.1350 resistance as its next errand.

Weaker Scenario:
As far as 1.1350 holds, sideways movement between 1.1167 and 1.1350 will be expected. These two are the key levels in the market to run in one direction.

Suggestion for short positions
Mid risk SL 1.1360
Mid risk TP: 1.1230

Suggestion for long positions
Mid risk SL 1.1240 - 1.1260
Mid risk TP 1.1410
AM Content
AmContent Jul 07 2020 at 06:52
Tuesday July 6, 2020


Trend orientation: Bullish

Daily Key resistance: 1.1350
Daily key support: 1.1167
Trading range: 1.1167 - 1.1142

EURUSD had a pullback from 1.1350 resistance to test 1.1300 minor support. We expect the market to surge again, and kill the 1.1350 resistance as its next errand.
AM Content
AmContent Jul 06 2020 at 07:18
Bullish trend

Minor resistance @1.1302

EURUSD probably targets the June 23 high around 1.1350 if 1.1302 breaks.
AM Content
AmContent Jul 02 2020 at 09:33
Thursday, July 2, 2020
EUR USD Technical Analysis

Expected trading range for today is between 1.1160 support and 1.1350 resistance.

The EURUSD continues to play inside the sideway range channel. However, it seems the market correction and stabilization is gradually marching to its end. The Double top pattern could not weaken the buyer’s enthusiasm yet.

Resistance 1.300
A breach in the mentioned resistance is considered as the key to resume the main bullish trend that targets the 1.1420 area initially while breaking the support at 1.1170 represents a negative factor that will press on the price to achieve additional bearish correction that its next targets located at 1:100 followed by 1.022.
AM Content
AmContent Jun 22 2020 at 11:25
If we consider 1.1422 as a new top on EUR/USD, the key support is March high at 1.1144.
If Trend line Alpha plays his rule in pushing the price down, we can come up with the conclusion that the upward momentum started from is over, and we would see new lows near level 0.382 Fibonacci retracement (please check the daily chart).
AM Content
AmContent Feb 26 2020 at 07:27
24-hour view: “We expected EUR to consolidate ‘within a higher trading range of 1.0820/1.0880’. EUR subsequently traded between 1.0828 and 1.0890. Upward momentum has picked up and from here, EUR could edge above the strong resistance at 1.0900. For today, the next resistance at 1.0925 is unlikely to come into the picture. Support is at 1.0850 followed by 1.0830.”

Next 1-3 weeks: “We indicated on Monday (24 Feb, spot at 1.0835) that the weak phase in EUR that started in early February has ended. Our view was that EUR has moved into a consolidation phase and is expected to trade within a relatively broad 1.0770/1.0900 range. EUR rose to 1.0890 yesterday (25 Feb) and upward momentum is beginning to improve. For now, we continue to hold the same view but if EUR were to register a NY closing above 1.0925, it would indicate the start of a stronger rebound towards 1.0980. The prospect for such a scenario is not high for now but it would continue to increase if EUR can hold above 1.0805 within these few days.
AM Content
AmContent Jan 27 2020 at 13:15
That said, the next relevant support emerges at the psychological mark at 1.10 the figure ahead of November 2019 lows around 1.0980.

The offered bias in the spot should remain unchanged below the 55-day SMA, today at 1.1089.
AM Content
AmContent Jan 20 2020 at 09:52
In light of the recent price action, EUR/USD could extend the leg lower to the 1.1066 level, noted Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank.
AM Content
AmContent Jan 16 2020 at 13:32
EUR/USD keeps pushing higher on Wednesday, boosted by the recent surpass of the 1.1140 region, where sits the 200-day SMA.
AM Content
AmContent Jan 15 2020 at 10:41
EUR/USD January 15, 2019

The traders are awaiting to the US-China’s phase one deal final result later today.

All the attention is predicted to be on the US-China’s ‘Phase One’ deal, with both countries expecting to sign it later in the day.

Bulls struggled to break the @1.1140 key, but it ignited another consolidation in that region. In the next few hours we will hear more from the US-China’s phase one deal, and that would illustrate a clear insight of the market next movement.

On the downside, a breach of 1.1094 would target 1.1085.
AM Content
AmContent Jan 15 2020 at 10:41
EUR/USD January 15, 2019

The traders are awaiting to the US-China’s phase one deal final result later today.

All the attention is predicted to be on the US-China’s ‘Phase One’ deal, with both countries expecting to sign it later in the day.

Bulls struggled to break the @1.1140 key, but it ignited another consolidation in that region. In the next few hours we will hear more from the US-China’s phase one deal, and that would illustrate a clear insight of the market next movement.

On the downside, a breach of 1.1094 would target 1.1085.
AM Content
AmContent Jan 15 2020 at 10:41
EUR/USD January 15, 2019

The traders are awaiting to the US-China’s phase one deal final result later today.

All the attention is predicted to be on the US-China’s ‘Phase One’ deal, with both countries expecting to sign it later in the day.

Bulls struggled to break the @1.1140 key, but it ignited another consolidation in that region. In the next few hours we will hear more from the US-China’s phase one deal, and that would illustrate a clear insight of the market next movement.

On the downside, a breach of 1.1094 would target 1.1085.
AM Content
AmContent Jan 15 2020 at 10:41
EUR/USD January 15, 2019

The traders are awaiting to the US-China’s phase one deal final result later today.

All the attention is predicted to be on the US-China’s ‘Phase One’ deal, with both countries expecting to sign it later in the day.

Bulls struggled to break the @1.1140 key, but it ignited another consolidation in that region. In the next few hours we will hear more from the US-China’s phase one deal, and that would illustrate a clear insight of the market next movement.

On the downside, a breach of 1.1094 would target 1.1085.
AM Content
AmContent Dec 31 2019 at 05:34
December 31, 2019

In a technical standpoint, citing to the November 2019 Bullish inside candle where can be found in the EURUSD monthly chart, a close above November high @1.1175 exhibits Bullish signals and the EUR likely surge to uptick levels.

In the other hand, the above pattern will be void if the pair tumbles below December low @1.1066.
AM Content
AmContent Dec 28 2019 at 17:04
December 28th, 2019

The euro is closing the week with bullish flags. A test of the @1.1200 cusp over the following sessions looks possible. So a consolidation above the @1.1200 resistance could steer the bulls to volumize their buy orders to gain more.
The euro has raised significantly in the shortened week eyeing on @1.1200 November 12th high.
A flop at current levels would lead the couple to form a correction, which could augment EUR/USD tumble below @1.1095.