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EUR/USD (EURO) HAS CONSOLIDATED AND IS SET TO GO ALL THE WAY UP FROM ITS PRESENT PRICE AT 1.04024 AND IT WILL GO TO AROUND 1.0500, A MOVE OF OVER 100 PIPS. I SAW THIS PROPOSED MOVE YESTERDAY WHEN PRICE CAME DOWN TO 1.039 AREA.
MARKET CAME TO THAT SUPPORT AREA AND IS ABOUT TO RETURN UPWARDS. TODAY’S VOLATILE NEWS IS GOING TO PUSH THE EURO FAR UP. B.O.E GOVERNOR BAILEY’S SPEECH TODAY IS GOING TO SHAKE THE MARKET. WE ARE EPECTING THE ACTUAL OUTCOME OF THIS NEWS TO BE HIGHER THAN THE FORCAST AND THE PREVIOUS PREDICTIONS.
LET’S WAIT AND SEE AS TIME WILL TELL. THIS IS MY EURO PREDICTION FOR TODAY’S NEWS. THANKS, TOPE AJALA, FROM NIGERIA.
EURUSD 4H
Support – trend line taken out – important is how it is going to close this bar (in 2h).
Resistances : 1.04150, 1.04250 & 1.04400
Supports: 1.03900, 1.03700 & 1.03500 ( back to that pivotal level…)
As FOMC come tonight, levels can be breached, trendlines broken, but reaction of the market tonight is going to be wild…so everything is really possible at the end of the day.
I am treating it right now as a Bearish situation and unless I see decisive move back Up , I keep selling on smaller time frames.
Insights you might now find elsewhere
This popular article in our blog is worth revisiting after looking at a EURUSD chart today
I first heard the term “feels bid in an offered market” on the Global-View.com Forex Forum many years ago. It was posted by one of our professional trader members, LA Mel, who used the term mainly for the EURUSD. However, it soon became apparent that it could be applied to all currencies and on both sides of the market (e.g. feels offered in a bid market and vice versa). I soon added to my trader toolbox and still use it today
What Does it Mean When a Currency Feels “Bid in an Offered Market?”
\CAC40
CAC 40 Edges Lower on Tuesday
French lagging behind Deutch and Swiss – a lotThe CAC 40 slipped 0.1% to close at 7,897 on Tuesday, extending the prior session’s sharp selloff as pressure from DeepSeek’s launch of a low-cost AI model weighed on key equities.
Meanwhile, investors turned their attention to upcoming monetary policy decisions, with the Federal Reserve set to announce its decision on Wednesday, followed by the European Central Bank on Thursday, alongside the ongoing corporate earnings season.
Schneider Electric led losses, plunging 7.5% to its lowest level since September, while Stellantis fell 1.2%, and STMicroelectronics dropped 3.2%, offsetting broad based gains across luxury goods, financial services, and healthcare sectors.
Uncertainties around U.S. policies could slow global economic growth modestly in 2025, according to major brokerages. They expect U.S. President Donald Trump’s likely plan to raise tariffs to fuel volatility in global markets, raising inflationary pressures, which could limit major central from easing their monetary policy.
Following are the forecasts from some top banks on economic growth, inflation and the performance of major asset classes in 2025.
Forecasts for stocks, currencies and bonds:
Brokerage S&P 500 target U.S. 10-year yield EUR/USD USD/JPY USD/CNY
