{"id":12446,"date":"2021-07-26T07:46:00","date_gmt":"2021-07-26T06:46:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=12446"},"modified":"2021-07-26T13:11:52","modified_gmt":"2021-07-26T12:11:52","slug":"eurusd-technical-analysis-all-to-play-for-2","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/eurusd-technical-analysis-all-to-play-for-2\/","title":{"rendered":"EURUSD Technical Analysis &#8211; All to play for"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"12446\" class=\"elementor elementor-12446\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-414678f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"414678f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-67b180f\" data-id=\"67b180f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-33513c5 elementor-widget elementor-widget-text-editor\" data-id=\"33513c5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The euro currency continues to trade towards its year-to-date low against the US dollar as fears over the COVID-19 Delta variant, weaker eurozone PMI data, and the recent dovish ECB meeting harms sentiment towards the single currency.<\/p><p>Additionally, the <a href=\"https:\/\/bit.ly\/3wsfLnp\" target=\"_blank\" rel=\"noopener\">US dollar index<\/a> trades towards the best levels of the year, keeping the <a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\" rel=\"noopener\">EURUSD<\/a> pair until pressure. It is highly likely that a major directional move in the greenback is going to come after this week\u2019s FOMC policy decision.<\/p><p>Last Friday the <a href=\"https:\/\/bit.ly\/3awLAmz\" target=\"_blank\" rel=\"noopener\">IHS Markit<\/a> Euro Area Manufacturing PMI fell to 62.6 in July of 2021 from a record high of 63.4 in June, compared to forecasts of 62.5. It is the lowest reading since March, although it should be noted that the Manufacturing remains in expansion while above 50.<\/p><p>Slower growth was linked in many cases to worsening supply lines and shortages of inputs although new orders remain elevated, while inflation in the manufacturing sector was unchanged at record highs as output cost rose at a near record pace<\/p><p>In the near-term, the EURUSD is showing signs that a bounce could happen at any time as the RSI, MACD and Momentum indicators have formed significant amounts of bullish price divergence.<\/p><p>In terms of current sentiment, the ActivTrader market sentiment tool shows that sentiment has neutralized since last week. This is a good sign for bulls, and even more so if sentiment continues to dip.<\/p><p>The ActivTrader market sentiment tool shows that bullish sentiment is now at 54 percent, marking a 6 percent drop. If the herd starts to actually turn bearish it could be time for the EURUSD to rally.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f81c015 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f81c015\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-22954e8\" data-id=\"22954e8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-087037a elementor-widget elementor-widget-image\" data-id=\"087037a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"299\" height=\"108\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/EURUSD-CHART-4.png\" class=\"attachment-large size-large wp-image-12449\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d62e40f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d62e40f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4a86426\" data-id=\"4a86426\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b667d25 elementor-widget elementor-widget-text-editor\" data-id=\"b667d25\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>EURUSD Short-Term Technical Analysis<\/strong><\/p><p>The EURUSD pair continues to show that a large falling wedge pattern has formed during the recent price drop, with nulls needing to rally above the 1.1820 level to activate the bullish reversal pattern.<\/p><p>To the downside, a break under the 1.1750 level could see the EURUSD pair testing the yearly low, around 1.1705. I currently favour the bullish scenario rather than the bearish scenario.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8b8d660 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8b8d660\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9efd783\" data-id=\"9efd783\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-877f652 elementor-widget elementor-widget-image\" data-id=\"877f652\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"624\" height=\"310\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/EURUSD-4H-5.png\" class=\"attachment-large size-large wp-image-12451\" alt=\"\" srcset=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/EURUSD-4H-5.png 624w, https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/EURUSD-4H-5-360x180.png 360w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-20189ef1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"20189ef1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-26e798f6\" data-id=\"26e798f6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a98217c elementor-widget elementor-widget-text-editor\" data-id=\"a98217c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-245bed0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"245bed0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-825f544\" data-id=\"825f544\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5fd085f elementor-widget elementor-widget-text-editor\" data-id=\"5fd085f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>EURUSD Medium-Term Technical Analysis<\/strong><\/p><p>Looking at the daily time frame, significant amount of bullish RSI, MACD price divergence has formed and continued to project a coming rebound above the 1.1900 level.<\/p><p>It is noteworthy that the EURUSD pair is likely to see the next big breakout on the daily time frame once we see a daily price close on either side of the 1.1705 to 1.1845 price range.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-71a8360 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"71a8360\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-db8748d\" data-id=\"db8748d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8edefe4 elementor-widget elementor-widget-image\" data-id=\"8edefe4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"624\" height=\"311\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/EURUSD-1D-4.png\" class=\"attachment-large size-large wp-image-12452\" alt=\"\" srcset=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/EURUSD-1D-4.png 624w, https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/EURUSD-1D-4-360x180.png 360w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-28d9e6cd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"28d9e6cd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6593f917\" data-id=\"6593f917\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5ef18705 elementor-widget elementor-widget-text-editor\" data-id=\"5ef18705\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The euro currency continues to trade towards its year-to-date low against the US dollar as fears over the COVID-19 Delta variant, weaker eurozone PMI data, and the recent dovish ECB meeting harms sentiment towards the single currency. Additionally, the US dollar index trades towards the best levels of the year, keeping the EURUSD pair until [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":12447,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[496,54,18,69],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EURUSD Technical Analysis - All to play for - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/eurusd-technical-analysis-all-to-play-for-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EURUSD Technical Analysis - All to play for\" \/>\n<meta property=\"og:description\" content=\"The euro currency continues to trade towards its year-to-date low against the US dollar as fears over the COVID-19 Delta variant, weaker eurozone PMI data, and the recent dovish ECB meeting harms sentiment towards the single currency. 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