EURUSD Saved By February Trend Line, But 1.1830 Is Key

The euro is once again bouncing from its February trend line support. Can buyers keep it going, or will they falter at 1.1830?

Get the details in today’s video. Plus, get the latest on the DXY as the dollar struggles at 97.70.

EURUSD closed last week at its February trend line support. The level comes in near 1.1730, which I discussed in the Weekly Forex Forecast.

With the euro closing Friday above that mark, it’s no surprise to see the pair bouncing on Monday.

The key for the EURUSD is what we get later this week.

If buyers can secure a break above 1.1830 this week, we could see 1.1900 resistance again.

On the other hand, a sustained break below the February trend line would open up 1.1580.

Because it’s an ascending level, the February trend line is closer to 1.1750 this week.

For now, it’s best to treat EURUSD as a range-bound market. There’s no sense in getting bearish at trend line support.

At the same time, getting bullish on EURUSD while below 1.1830 is risky.

As for the DXY, we knew 97.70 would be a significant resistance level. I discussed it several times last week.

Buyers failed to close the US dollar above 97.70 on Friday, which keeps the DXY range-bound this week.

Key resistance for the DXY is 97.70, with support at the 2011 channel bottom near 96.80.

Join us in the VIP Discord group for real-time market updates, VIP-only videos, my trades in real time, and the complete trading course.

EURUSD 2025 09 22 15 59 15 — EURUSD Saved by February Trend Line, but 1.1830 Is Key 2

Source link

Visited 1 times, 1 visit(s) today

What even is the business of the S&P 500, and how does it make so much money? : Planet Money : NPR

A board above the trading floor of the New York Stock Exchange shows the closing number for the S&P 500, Friday, June 27, 2025. (AP Photo/Richard Drew) Richard Drew/AP/AP hide caption toggle caption Richard Drew/AP/AP This comes from the Planet Money newsletter. Subscribe now to get more insights into how our economy works delivered to your inbox

23 September 2025

Why You Shouldn’t Be Scared of a Stock-Market Crash: Yale Professor

Yale economist William Goetzmann has felt the fear that a stock-market crash can strike into an investor. He’s lived through at least four of them: 1987, 2000, 2008, and 2020. “I watched my entire life savings drop by 50% during the crash of 2008,” he told Business Insider earlier this month. Many Americans who had

23 September 2025

EUR/USD Outlook: Choppy Near 1.18, Focus on US PMI, Fed

The EUR/USD outlook remains supported as Eurozone PMI data showed contraction in manufacturing but resilience in services. Fed officials remain divided on further cuts, keeping dollar strength in play. Market focus turns to U.S. GDP and PCE inflation for direction in EUR/USD. The EUR/USD outlook remains steady near the 1.1800 handle on Tuesday after bouncing

23 September 2025

Nio raises US$1.2bn in latest share issue

Nio sales outlet in Beijing, China. Chinese battery electric vehicle manufacturer Nio Inc announced that it had raised US$ 1.16 billion before expenses from its latest equity offering, involving the issue of 209,090,918 new Class A ordinary shares on the US stock exchange, priced at US$5.57 per share. The company’s share price dropped sharply immediately

23 September 2025

This Top AI Stock Has Clobbered Nvidia Stock Over 1 Year, 3 Years, and 5 Years (It’s Also Beaten Palantir in Every Period)

Celestial stock has likely flown under the radar of many U.S. investors because the company is based in Canada. But it’s easily bought on the New York Stock Exchange. There is great reason to invest in artificial intelligence (AI) stocks. The global AI market will soar from $189 billion in 2023 to $4.8 trillion by

23 September 2025

Dow, S&P 500, Nasdaq futures hold near record highs with Powell on deck

US stock futures held steady on Tuesday after another record-setting day, as Wall Street waited for the first speech from Chair Jerome Powell since the Federal Reserve started cutting interest rates again. Dow Jones Industrial Average futures (YM=F) nudged up 0.2%. Meanwhile, contracts on the S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) both

23 September 2025

GBP/USD Forex Signal 23/09: Jerome Powell Speech Ahead

Created on September 23, 2025 Bearish view Sell the GBP/USD pair and set a take-profit at 1.3400. Add a stop-loss at 1.3625. Timeline: 1-2 days. Bullish view Buy the GBP/USD pair and set a take-profit at 1.3625. Add a stop-loss at 1.3400. The GBP/USD exchange rate attempted to recoup some of the losses made last

23 September 2025

Opportunities beyond forex and crypto

In an era where forex and crypto markets have continued to swing wildly, the realm of commodities has experienced a much needed resurgence (in lieu of many high-tech stocks and crypto coins). For instance, gold prices have been on a tear this year, hitting multiple record highs and gaining over $700 per ounce since January.

23 September 2025

EURUSD Saved By February Trend Line, But 1.1830 Is Key

Related Article