empty
07.09.2017 12:48 PM
Intraday technical levels and trading recommendations for EUR/USD for September 7, 2017

This image is no longer relevant

Monthly Outlook

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450.

In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997.

In the longer term, the level of 0.9450 remains a projected target if any monthly candlestick achieves bearish closure below the depicted monthly demand level of 1.0500.

However, the EUR/USD pair has been trapped within the depicted consolidation range (1.0500-1.1450) until the current bullish breakout was executed above 1.1450.

The current bullish breakout above 1.1450 allows a quick bullish advance towards 1.2100 where price action should be watched for evident bearish rejection and a valid SELL Entry.

This image is no longer relevant

Daily Outlook

In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was established around 1.0500. Since then, evident bullish momentum has been expressed on the chart.

As anticipated, the ongoing bullish momentum allowed the EUR/USD pair to pursue further bullish advance towards 1.1415-1.1520 (Previous Daily Supply-Zone).

The daily supply zone failed to pause the ongoing bullish momentum. Instead, an evident bullish breakout is being witnessed on the chart. The next Supply level to meet the pair is located around 1.2080 (Level of previous multiple bottoms) where bearish rejection can be anticipated.

On the other hand, the price zone of 1.1415-1.1520 should be watched for a valid BUY entry if bearish pullback persists below 1.1800 and 1.1700.

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders – March 11th (U.S. Session)

The test of the 146.93 price level occurred when the MACD indicator was just starting to move downward from the zero mark, which allowed for a dollar sell position. However

Jakub Novak 18:23 2025-03-11 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – March 11th (U.S. Session)

The test of the 1.2897 price level occurred when the MACD indicator was just starting to rise from the zero mark, confirming a valid entry point for buying the pound

Jakub Novak 18:20 2025-03-11 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – March 11th (U.S. Session)

The test of the 1.0855 price level occurred when the MACD indicator was just starting to move up from the zero mark, confirming a valid entry point for buying

Jakub Novak 18:17 2025-03-11 UTC+2

GBP/USD: Trading Plan for the U.S. Session on March 11 (Analysis of Morning Trades). Pound Buyers Aim for a New Weekly High

In my morning forecast, I focused on the 1.2876 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 18:14 2025-03-11 UTC+2

EUR/USD: Trading Plan for the U.S. Session on March 11th (Review of Morning Trades). The Euro Continued to Rise and Updated the Weekly High

In my morning forecast, I focused on the level of 1.0886 and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 18:11 2025-03-11 UTC+2

Trading Signals for EUR/USD for March 11-14, 2025: sell below 1.0939 (+2/8 Murray - overbought)

Early in the American session, the euro is trading around 1.0908 above +1/8 Murray and reaching the levels of October 2,024. During the start of trading on Tuesday, the euro

Dimitrios Zappas 16:19 2025-03-11 UTC+2

Trading Signals for GOLD (XAU/USD) for March 11-14, 2025: buy above $2,907 (21 SMA - 8/8 Murray)

In case gold breaks and consolidates above 2,925, the outlook could be positive and we can expect a new bullish sequence. Therefore, gold could reach 2,668 (8/8 Murray) and even

Dimitrios Zappas 13:56 2025-03-11 UTC+2

Trump's meeting with Wall Street leaders set to stabilize market

Amid a sharp decline in US stock markets, President Donald Trump will meet with chief executives of major companies today as industry leaders try to navigate the uncertainty surrounding widespread

Jakub Novak 13:32 2025-03-11 UTC+2

Black Monday on Wall Street. US stocks lose $4 trillion in market capitalization

S&P500 Market review on March 11 US stock market suffers a crash. $4 trillion lost, but game not over yet Performance of benchmark stock indices on Monday: Dow: -2.1% NASDAQ

Jozef Kovach 12:14 2025-03-11 UTC+2

Market sees massive Monday loss. What's next for NVIDIA?

The markets are going through a rough patch, and the next few days will be crucial. If inflation data comes in higher than expected, the pressure on stocks could persist

Anna Zotova 12:11 2025-03-11 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.