Skip to content
Risk warning: Our products are leveraged and carry a high level of risk, which can result in the loss of your entire capital. Such products may not be suitable for all investors. It is crucial to understand the risks involved fully.
  • Support
  • For Institutionals
  • Trading

    Trading Platforms

    • MetaTrader 4 Terminal
    • MetaTrader 5 Terminal
    • PAMM Accounts
    • Equinix Trading Server

    Markets coverage

    • Forex Currencies
    • Spot Metals
    • Commodities

     

    • CFDs on Stocks
    • Indices
    • CFDs on Crypto

    Start Trading

    • Standard Accounts For individuals
    • Institutional Account For professionals
    • Deposits & Withdrawals
  • Conditions

    Trading Conditions

    • Spreads Overview
    • Swap-Free
    • Leverage Information

     

    • CFD Specifications
    • Full Trading Conditions

    Invest on your terms

    Transparent pricing, reduced trading costs, and leverage that adapts to your strategy.

    Explore conditions
  • Tools
    • Weekly Outlook
    • Daily Technical
    • Market Commentary
    • Economic Calendar
    • News & Insights
  • About
    • About OnEquity
    • Company News
    • Legal Documentation
    • Client Protection
    • Help & Support
    • FAQs
  • Partners
Edit Content
  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
  • Trading
    • Markets Coverage
    • MetaTrader 5 Platform
    • MetaTrader 4 Platform
    • Standard Accounts
    • Institutional Account
    • PAMM Accounts
    • Equinix Trading Server
    • Deposits & Withdrawals
  • Conditions
    • Spreads Overview
    • Leverage Information
    • Swap-Free Trading
    • CFD Specifications
    • Full Trading Conditions
  • Tools
    • Daily Technical
    • Weekly Outlook
    • Market Commentary
    • Economic Calendar
    • News & insights
  • About
    • About OnEquity
    • Company News
    • Legal Documentation
    • Client Protection
    • Help & Support
    • FAQs
  • Partners
  • Client Portal
  • Open Account
Edit Content
  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
Open Account
Client Portal
Analysis, Daily Technical

Daily Technical Analysis EUR/USD: Pair Seeks Support on Downward Pressure

September 4, 2024 OnEquity

The EUR/USD pair tilted lower during the day on Tuesday, with intraday bids at two-week lows before the day’s session closed near 1.1050. Price action remains limited as markets are bracing for a final US Non-Farm Payrolls release this week, although a missed Purchasing Managers’ Index figure appears to have revived fears of an impending recession.

Significant European data remains limited in the first half of the trading week, and on Thursday, Fiber traders may be busy with a pan-European retail sales update for July, followed by U.S. labor data estimates ahead of Friday’s NFP jobs release.

July pan-European retail sales are expected to rebound slightly, with an estimated 0.1% y/y compared to last period’s -0.3% decline. Gross Domestic Product figures for Europe will also be released on Friday, with growth expected to remain unchanged from last quarter’s figures.

The ISM U.S. manufacturing PMI for August came in below estimates at 47.2 points, under the market’s consensus forecast of 47.5 points. Although there was a slight rebound from July’s multi-month low of 46.8, it failed to galvanize the markets, giving investors the opportunity to pull back from a recent bullish tilt.

Friday’s nonfarm payrolls report will be released, marking the last round of key U.S. jobs data before the Federal Reserve announces its latest interest rate decision on September 18. The Non-Farm Payrolls report is expected to set the tone for market estimates regarding the depth of a Fed rate cut, as investors assume the start of a new rate-cutting cycle this month.

EUR/USD Daily Technical Analysis for September 4th:

FFiber prices have once again plunged into short-term technical hurdles, although traders continue to emerge in an effort to maintain balanced bidding, even if they fail to achieve a bullish recovery. EUR/USD set a 13-month high just above 1.1200 early last week, and a short-term pullback in the greenback’s moves has traders scrambling to maintain the bullish role on the charts.

The pair continues to trade north of the 200-day exponential moving average (EMA) at 1.0845. At the same time, despite remaining in the bullish zone, EUR/USD continues to face an increasingly sharp bearish pullback as shorts concentrate their positions on targets just above the 50-day EMA at 1.0956.

EUR/USD chart
  • Analysis
  • Dollar
  • Euro
  • Technical

Post navigation

Previous
Next

Search

Categories

  • Analysis (228)
  • Beginner (26)
  • Cryptos (151)
  • Currencies (197)
  • Daily Market Watch (7)
  • Daily Technical (152)
  • Education (67)
  • Expert (23)
  • Intermediate (18)
  • Markets (469)
  • News & Releases (22)
  • Stocks (311)
  • Uncategorized (1)
  • Weekly Outlook (73)

Recent posts

  • Market today: Cook’s removal rattles investor sentiment
  • Trump dismisses Fed Governor Lisa Cook in unprecedented central bank shake-up
  • Today’s stocks to watch: Interactive Brokers and Okta

Tags

Analysis Beginner Bitcoin Cardano company news Crypto Cryptocurrencies Currencies Daily daily market watch Dollar Education Elections ETF ETFs Ethereum Euro Fed Index inflation Japan market commentary Markets oil Outlook Pound Ripple SEC Solana Stablecoin Stock Market Stocks Stocks Market Stocks today Technical Technical Analysis Technology Tether Trading Trump Wall Street Weekly Weekly Outlook Yen Yuan

Related posts

Analysis, Weekly Outlook

Outlook for the Week of August 25 – 29

August 26, 2025 OnEquity

The week of August 25–29 will be pivotal for global markets, with investors closely watching U.S. GDP and PCE inflation data as expectations for Fed rate cuts adjust following stronger dollar momentum and Powell’s Jackson Hole remarks. In Europe, preliminary CPI figures from Italy, France, and Germany will help shape the ECB’s policy outlook, while […]

Currencies, Markets

Dollar rises marginally prior to the Fed minutes; the pound sterling gains ground following the CPI increase

August 20, 2025 OnEquity

The U.S. dollar edged higher on Wednesday as traders looked ahead to the release of the Federal Reserve’s July meeting minutes, followed by the annual Jackson Hole symposium, both expected to provide fresh signals on the central bank’s monetary policy outlook. At 04:55 ET (08:55 GMT), the Dollar Index, which tracks the greenback against six […]

Currencies, Markets

Dollar Falls Modestly Ahead of Jackson Hole, Euro Gains Momentum

August 19, 2025 OnEquity

The U.S. dollar edged lower Tuesday, giving back early gains as caution prevailed following the White House summit on Ukraine. At 04:40 ET (08:40 GMT), the Dollar Index, which measures the greenback against six major peers, slipped 0.1% to 97.920 after modest overnight gains. Dollar Trades in Narrow Range U.S. President Donald Trump assured President […]

  • Privacy policy
  • Client agreement
  • Legal
  • Support
  • +2484671965
  • [email protected]
  • Chat with us
Company
  • About us
  • Regulation
  • Safety of funds
  • Company news
  • News & insights
  • FAQ
Account options
  • Standard accounts
  • Institutional account
  • PAMM accounts
  • Swap-free account
Conditions
  • Spreads overview
  • Leverage tiers
  • CFD specifications
  • Markets coverage
Trading tools
  • MetaTrader 5
  • MetaTrader 4
  • Equinix trading server
  • Economic calendar
  • Daily technical
  • Weekly outlook
  • Market commentary
OnEquity Ltd is incorporated in Seychelles as a Securities Dealer with License No. SD154, authorized by the Seychelles Financial Services Authority (FSA), adhering to the Consolidated Securities Act, 2007. Registration No. 810588-1.

The website is operated and provides content by the OnEquity group of companies, which include:

OnEquity SA (Pty) Ltd, incorporated in South Africa, Company reg. 2021/321834/07, regulated by the Financial Sector Conduct Authority (FSCA) with FSP No. 53187.

OnEquity LLC, recognized by the Registrar of International Business Companies and the Financial Services Authority in St. Vincent and the Grenadines, Registration No. 286 LLC 2020.

ONEQ Global Ltd, registered in Cyprus, Company reg. HE 435383, located at Agias Zonis 22, Limassol, focusing on comprehensive service solutions within the OnEquity Group.
Risk Disclosure: Trading in financial instruments involves substantial risk and may not be suitable for all investors. The value of investments is volatile and can result in total loss of capital. Investors should consider their financial situation, investment experience, and risk tolerance, and may seek professional advice. Past performance is not indicative of future results.

Eligibility: Services are available to individuals 18 years or older.

Restricted Jurisdictions: The content provided by OnEquity is not intended for residents of the United States, Canada, North Korea, Yemen, Iran, Belgium, Syria, or any jurisdiction where such distribution or use would be contrary to local law or regulation.

All trademarks™ and brand names belong to their respective owners and are used here for identification purposes only. Use of these names does not imply endorsement.
© OnEquity. All Rights Reserved.