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EUR/USD H4 Technical and Fundamental Analysis for 05.06.2025 Time Zone: GMT +3 Time Frame: 4 Hours (H4) Fundamental Analysis: EURUSD is influenced today by significant economic releases from both sides of the Atlantic. For the USD, traders are closely watching the International Trade Balance, Consumer Confidence (RCM/TIPP), and Treasury Bond Auction results. Positive outcomes from these reports, particularly higher exports or stronger consumer sentiment, could strengthen the USD. For EUR, key releases include Industrial Output, Jobless Claims, and several important PMI reports from S&P Global, providing insight into Eurozone economic health. Stronger-than-expected figures can bolster EUR demand, leading to bullish movements. Price Action: The EUR-USD pair is currently in a sideways channel on the H4 timeframe. After a notable bearish reaction from the broken ascending trend lines, the price recently bounced off the lower boundary of the channel, suggesting a potential move upward towards the Ichimoku cloud (Kumo). However, with the price now below previously broken uptrend lines, signs of a bearish trend initiation are prominent. Key Technical Indicators: Ichimoku Cloud (Kumo): The EUR USD price is beneath the Ichimoku cloud, confirming bearish pressure in the medium term. The cloud acts as a dynamic resistance zone, and a test of this area could either reinforce bearish sentiment or signal a possible bullish reversal upon a breakout above. RSI (Relative Strength Index): The RSI indicator is currently at 46.84, indicating neutral market conditions with a slight bearish bias. The RSI's position suggests room for price movement in either direction without being overextended. Stochastic Oscillator: The Stochastic indicator at 21.46 and 37.54 suggests oversold conditions, indicating potential short-term bullish momentum as price reacts upward from oversold levels. Traders should remain cautious, however, as momentum could quickly shift if resistance at the Ichimoku cloud holds. Support and Resistance: Support: Immediate support is clearly established at 1.12940, the lower boundary of the current sideways channel. Resistance: The closest resistance is at 1.14000, coinciding with the Ichimoku cloud lower boundary and previous horizontal resistance levels. Conclusion and Consideration: Based on technical indicators and price action analysis for EURUSD H4, the market exhibits bearish sentiment with potential short-term bullish corrections within the sideways channel. The upcoming economic releases from both USD and EUR regions could introduce volatility, necessitating careful monitoring of these fundamental events. Traders should watch closely for a clear break above the Ichimoku cloud or below the current channel support to determine the next directional trend. Disclaimer: The analysis provided for EUR/USD is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on EURUSD Market conditions can change quickly, so staying informed with the latest data is essential. FXGlory 05.06.2025
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Market Technical Analysis by RoboForex
RBFX Support replied to RBFX Support's topic in Forex News & Analysis
Brent rebounds slightly, but the sell-off is not over yet Brent oil has recovered to 61.17 USD. The sharp two-day drop has paused. Discover more in our analysis for 6 May 2025. Brent technical analysis On the H4 chart, Brent prices have rebounded from a local low of 58.72 and moved up towards 61.00. For the bounce to transition into a sustained reversal, prices must consolidate above 62.11. This would pave the way for further gains towards 62.63. Brent prices have recovered after a steep drop, but still trade near four-year lows. Read more - Brent Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team -
Market Fundamental Analysis by RoboForex
RBFX Support replied to RBFX Support's topic in Forex News & Analysis
Markets hold breath ahead of Fed decision: EURUSD poised for growth The EURUSD pair is regaining ground, with bulls aiming to test the 1.1495 resistance level. Discover more in our analysis for 6 May 2025. EURUSD forecast: key trading points The ISM services PMI in the US rose in April, exceeding analyst expectations The Federal Reserve’s two-day policy meeting, concluding on Wednesday, will be one of the week’s key events Most market participants do not expect any change in the interest rate EURUSD forecast for 6 May 2025: 1.1615 Fundamental analysis The EURUSD rate is showing moderate recovery as buyers keep the pair above the key support level at 1.1265. The US ISM services PMI rose to 51.6 in April from 50.8 in March, beating the forecast of a drop to 50.6. Although a reading above 50.0 signals expansion, the upbeat data only briefly supported the US dollar. The main focus of the week is the Federal Reserve’s two-day meeting, which concludes on Wednesday. Investors are looking for signals regarding potential monetary easing. Despite strong US labour market data, most market players expect the Fed to leave rates unchanged. This supports a moderately bullish outlook for the EURUSD pair. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team - Today
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