- Analytics
- News and Tools
- Market News
- EUR/USD Price Analysis: The bulls are in play for the open, but bears ready to pounce
EUR/USD Price Analysis: The bulls are in play for the open, but bears ready to pounce
- EUR/USD is poised for a move higher for the open.
- EUR/USD bears eye a break of key support structures longer-term.
For the open, EUR/USD is hovering above a void of liquidity towards 0.9870, but if the bulls can hang on above 0.9950 for the start of the week, there will be prospects of a move above 1.0000 with 1.0050 eyed.
EUR/USD H1 chart
We have a W-formation in place that could act as a firm support considering the price has moved to the backside of the trendline with accumulation in play.
EUR/USD bearish scenario
On the other hand, if bulls do not commit thereafter, while below the recent peaks in the 1.0090s, a continuation to 0.9750 could be on the cards into the Federal Reserve:
(Hourly chart above)
(Daily chart below)
The daily chart shows that while the price has tried to get above the trend, it has yet to breach the resistance zone and the tweezer tops could prove to be the peak of the breakout. A move below 0.9875 will be significant in this regard, putting the price back into line with the dominant trend with prospects of a move below the counter trendline and back into the hands of the bears to target a critical break of 0.9705.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
