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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Trading Signals for EUR/USD for July 26-29, 2024: buy if breaks 1.0665 (21 SMA - 2/8 Murray)
10:43 2024-07-26 UTC--4
Exchange Rates analysis

Early in the American session, the EUR/USD pair is trading at 1.0860, above the 200 EMA, and above the 21 SMA with a slightly bullish bias. According to the H4 chart, the euro is approaching a strong resistance located at 2/8 of Murray around 1.0864.

If the euro breaks the downtrend channel and consolidates above 1.0865, we could look for buying opportunities, with targets at 1.0925 and 1.0986.

Below 4/8 Murray, we could clearly sell and place a stop loss above this area as the Euro is still trading within the downtrend channel and could resume its bearish cycle.

Since the eagle indicator is showing a positive signal and any pullback is highly possible as long as EUR/USD trades above 1.0828, it will be seen as a signal to buy.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.