Current Situation
On the 3H chart, EURUSD is showing a steady uptrend. Currently, the price is trading within the range of 1.16400 to 1.17400, with support at 1.16400 and resistance at 1.17400. A breakout above this resistance could push the price to 1.17800 or higher. The EMA (34) and EMA (89) indicators are signaling a positive trend, indicating strong buying momentum.
Fundamental Reasons
According to the CME’s FedWatch tool, there is an 87% chance of the Fed cutting interest rates in September, which is putting pressure on the USD and supporting EURUSD. Additionally, global political and economic uncertainties continue to drive investors to seek EUR as a safe-haven asset.
Trading Strategy
If the price adjusts to the 1.16400 support level, it could be an opportunity to buy. The target is the 1.17400 resistance level. Set a stop-loss if the price falls below 1.16400.
On the 3H chart, EURUSD is showing a steady uptrend. Currently, the price is trading within the range of 1.16400 to 1.17400, with support at 1.16400 and resistance at 1.17400. A breakout above this resistance could push the price to 1.17800 or higher. The EMA (34) and EMA (89) indicators are signaling a positive trend, indicating strong buying momentum.
Fundamental Reasons
According to the CME’s FedWatch tool, there is an 87% chance of the Fed cutting interest rates in September, which is putting pressure on the USD and supporting EURUSD. Additionally, global political and economic uncertainties continue to drive investors to seek EUR as a safe-haven asset.
Trading Strategy
If the price adjusts to the 1.16400 support level, it could be an opportunity to buy. The target is the 1.17400 resistance level. Set a stop-loss if the price falls below 1.16400.
Trade active
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🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.