EUR/USD Technical Analysis and News Daily Overview

If you look at EUR / USD on the H4 time frame (see picture above), you’ll see a sideways trend that is tend to become bullish. Price is halfway between support and resistance, which is not a major problem.

If you switch the time frame at the H1, the situation is much clearer, see the picture below, as strong support we have monthly, weekly and daily pivots, and this fact gives us a lot of confidence. However, the problem is today’s news release (Building Permits, FOMC statement, the Federal Funds Rate). In case you still can’t wait for the news announcement, stuff would be quite simple.

I will look for during the day a good opportunity to sell, if the news suddenly increase the price of the euro at resistance level (see first image), I will seek an opportunity to sell. Much depends on the price action.

You might also like

EUR/USD Daily overview A few days ago I mentioned that sideway is evident, just look at the chart above. In the next few...

EUR/USD Daily Technical Analysis Outlook If you read eur/usd TA from March 16 I was told you to wait till price comes around resistance area (H4...

The Best charts and time frame setup for Day Trading This is my the best chart and time frame setup for day trading. In the image below you’ll see my favorite...

EUR/USD Technical Analysis Overview I've played with trendlines and noticed great support area at H1 time frame. The idea is to watch...