EUR/USD Technical Analysis | EUR/USD Trading: 2024-09-25 | IFCM UK
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EUR/USD Technical Analysis - EUR/USD Trading: 2024-09-25

EUR/USD Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 1.11981

Buy Stop

Below 1.11070

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles2601
IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Buy
Fractals Buy
Parabolic SAR Buy

EUR/USD Chart Analysis

EUR/USD Chart Analysis

EUR/USD Technical Analysis

The technical analysis of the EURUSD price chart on 4-hour timeframe shows EURUSD,H4 is retracing lower above the 200-period moving average MA(200) after hitting one-month high today. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 1.11981. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.11070. After placing the order, the stop loss is to be moved to the next fractal low , following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - EUR/USD

German business sentiment continued deteriorating in September. Will the EURUSD price rebounding reverse?

German business sentiment continued deteriorating in September. The Ifo survey results showed German Ifo Business Climate index fell to 85.4 in September from 86.6 in August when a decline to 86.1 was forecast. The index dropped for the fifth consecutive month. Germany's business sentiment softened due to steep decline in current assessment component as well as relatively limited decline in expectations. The weak Ifo data followed disappointing PMI reports of the previous days: Purchasing Managers' Index (PMI) data showed the contraction in German private sector activity deepened in September, according to SP Global. The continuing deterioration of German business sentiment is bearish for EURUSD. However, the technical setup is bullish for the pair.

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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