currencypair

$EUR /USD
LONG TRADE SIGNAL
Technical Analysis:
The EUR/USD pair is trading near 1.1650, with a bearish bias intact. The 20-period Simple Moving Average (SMA) slopes lower beneath the 50- and 100-period measures, indicating downward pressure. The Relative Strength Index (RSI) is at 32, near oversold territory, signaling bearish momentum.
Trade Setup:
Long Entry: 1.1670
TP (Targets): 1.1712, 1.1740
SL (Stop Loss): 1.1617

The market outlook remains cautious, with the US Dollar strength and bearish sentiment dominating. The upcoming Nonfarm Payrolls data may influence market direction .
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$EUR /USDC: Consolidating Near Highs 📊


Current Price: $1.1692 (Rs 332.69, +0.46%)
Key Observations:
* Recent Peak: The pair hit a 24-hour high of $1.1720 and is now seeing some consolidation.
* Moving Averages: Price is currently hovering around MA(7) ($1.1693) and above MA(25) ($1.1685) and MA(99) ($1.1649), suggesting a short-term range within a broader upward bias.
* Volume: Volume has decreased during this consolidation phase, which is typical.
* Support & Resistance: The 24-hour low of $1.1635 shows recent support, while $1.1720 acts as immediate resistance.
Outlook: EUR/USDC is in a tight range after a recent push higher. Watch for a decisive break above $1.1720 for continuation, or a dip towards the moving averages as potential support.

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Current Status


The EUR/USDT pair is currently trading at 1.1752, showing a modest +0.14% increase.

Price Movement:
It has recently rebounded from a 24h low of 1.1685, reaching a high of 1.1760.
The price is now hovering around its MA(99) and slightly above MA(7) and MA(25), indicating a consolidating trend with recent upward momentum.
Volume remains consistent.

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