empty
25.07.2022 07:31 AM
EUR/USD seems undecided, 1.0269 acts as major resistance

The EUR/USD pair continues to move sideways in the short term. It was trading at 1.0210 at the time of writing and its trajectory seems undecided. The Dollar Index moves somehow sideways, that's why the EUR/USD pair is trapped within a range.

Fundamentally, the German and Eurozone manufacturing and services data came in worse than expected on Friday. On the other hand, the US Flash Services PMI dropped from 52.7 to 47.0 points signaling contraction, while the Flash Manufacturing PMI came in at 52.3 points above 52.0 expected.

Today, the German Ifo Business Climate is expected at 90.0 points versus 92.3 points in the previous reporting period. Tomorrow, the CB Consumer Confidence could be decisive. The indicator could drop to 96.8 points from 98.7.

EUR/USD Extends Its Range!

This image is no longer relevant

From the technical point of view, the EUR/USD pair is trapped between 1.0155 and 1.0269 levels. Now, it could develop a potential channel. Escaping from these patterns could bring new opportunities.

In the short term, it could challenge the weekly pivot point of 1.0190. The bias remains bearish, so personally, I will look for shorts as long as it stays under the 1.0268 key resistance.

EUR/USD Outlook!

A new higher high, a valid breakout through the 1.0269 could activate larger growth and could bring long opportunities.

On the other hand, a new lower low may activate more declines. The 1.0000 psychological level stands as a potential downside target.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2025
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 on March 26th (U.S. Session)

Trade Review and Trading Advice for the Japanese Yen There were no tests of the designated levels during the first half of the day. During the U.S. session, a series

Jakub Novak 17:35 2025-03-26 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 26th (U.S. Session)

Trade Review and Guidance on Trading the British Pound The test of the 1.2927 price level occurred just as the MACD indicator began moving downward from the zero line, confirming

Jakub Novak 17:29 2025-03-26 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 26th (U.S. Session)

Trade Analysis and Guidance on Trading the Euro There were no tests of the levels I indicated during the first half of the day. A lack of statistical data from

Jakub Novak 17:27 2025-03-26 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 26. Review of Yesterday's Forex Trades

The test of the 149.81 level occurred when the MACD indicator had already moved significantly below the zero line, which limited the pair's downside potential. For this reason, I didn't

Jakub Novak 08:08 2025-03-26 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 26. Review of Yesterday's Forex Trades

The test of the 1.2938 level coincided with the MACD indicator just starting to move downward from the zero line, confirming a valid entry point for selling the pound. However

Jakub Novak 08:03 2025-03-26 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 26. Review of Yesterday's Forex Trades

The test of the 1.0812 price level coincided with the MACD indicator just beginning its downward move from the zero line, confirming a valid entry point for selling the euro

Jakub Novak 08:03 2025-03-26 UTC+2

Intraday Strategies for Beginner Traders on March 26

The euro continued to decline, while the pound showed resilience, indicating that there are still buyers willing to enter the market even at current price levels. The release

Miroslaw Bawulski 07:00 2025-03-26 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 25th (U.S. Session)

Trade Breakdown and Tips for Trading the Japanese Yen The test of the 150.68 level occurred when the MACD indicator had just started moving upward from the zero line, which

Jakub Novak 18:29 2025-03-25 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 25th (U.S. Session)

Trade Breakdown and Tips for Trading the British Pound The test of the 1.2911 level occurred when the MACD indicator had already moved significantly below the zero mark, which limited

Jakub Novak 18:26 2025-03-25 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 25th (U.S. Session)

Trade Analysis and Tips for the Euro The test of the 1.0795 level occurred when the MACD indicator had already moved significantly below the zero mark, which limited the downward

Jakub Novak 18:20 2025-03-25 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.