Technical Overview (Daily Chart) Macro/Geopolitical Context Euro Strength Drivers: Dollar Weakness Catalysts: Probabilities Table Scenario Description Probability Comment 🟢 Bullish continuation Price holds above 1.161 and pushes toward 1.185 / 1.206 60% +/- Structural support intact, risk-on flows favor euro 🟡 Pullback to 1.150–1.155 Brief shakeout before reattempting higher 30% +/- Would be healthy for Read More…
Introduction Technical Analysis After a strong breakout above 1.13 in April, 6E has pulled back modestly, retracing toward the 50-day moving average and prior support at ~1.114–1.117. Buyers stepped in at that level, and we are now seeing an attempt to regain upside momentum. Price is currently retesting the pivot zone at 1.127, which is Read More…
Weekly Chart The Euro 6E futures were rejected after moving into the resistance zone at 1.10265. This zone has successfully stopped the bulls from pushing prices higher since the start of 2023, and this may present us with a short opportunity. Let’s look at the daily chart first, though. Daily Chart Short Trade Opportunity in Read More…
Economic Data Recent positive data from the Eurozone, such as higher-than-expected GDP growth and industrial production, have supported the Euro but this is not very evident on the chart because at the same time the Dollar has many factors contributing to its strength too. Recent US inflation data showing a cooling trend has led to Read More…
Discover essential strategies for the OneUp Trader funded trader program, including risk management and trading discipline, for a successful trading career. Taking your first step toward funded trading marks an exciting milestone but requires careful planning and a strategic approach to enhance your chances of success. In this guide, we will go through the essential Read More…
Dollar Too Strong For Euro The Dollar is just too strong for the Euro at this point, which has caused 6E to plunge 5.6% since its high back in July. The market has pushed the price below a support trend line, and the bulls are trying to hold it within a minor support zone. Technical Read More…
