Limited positive attempts dominated the EUR/USD pair during the previous trading session, retesting the psychological barrier resistance level of 1.0700 and failing to stabilize above it for a long time. On the technical side today, the 50-day simple moving average still represents an obstacle to achieving further rise, and the …
Read More »Euro is facing strong resistance 19/9/2023
Quiet trading dominated the movements of the EUR/USD pair at the beginning of this week’s trading as it attempted to breach the psychological barrier resistance level of 1.0700. On the technical side today, the 50-day simple moving average still represents an obstacle to achieving further rise, and the 50-day average …
Read More »Euro may continue to decline 18/9/2023
The downward trend continues to control the movements of the EUR/USD pair within a bearish outlook, as we expected during the previous report, in which we relied on confirmation of the pair breaking the support level of 1.0690, touching the official target of 1.0630. On the technical side today, by …
Read More »Euro is awaiting the European Central Bank’s decision 14/9/2023
The technical outlook remains unchanged, and the pair has not changed significantly with the continuation of the sideways path. We find the pair stable above the support level of 1.0700 and below the resistance level of 1.0790. On the technical side today, with a closer look at the 4-hour chart, …
Read More »Euro is waiting for a directional signal 13/9/2023
The movements of the EUR/USD pair did not significantly change during the previous trading session, with the continuation of the side range confined from the bottom above 1.0700 and from the top below 1.0790. On the technical side today, with a closer look at the 4-hour time frame chart, we …
Read More »Euro attacks resistance 12/9/2023
Calm trading that tended to be positive dominated the movements of the EURUSD pair at the beginning of this week’s trading, starting with an upward trend, attacking the 1.0750 resistance level, recording its highest level at 1.0769. On the technical side today, with a closer look at the 4-hour time …
Read More »Euro: continuation of the decline needs confirmation 11/9/2023
Limited side trading dominated the euro’s movements against the US dollar at the end of last week’s trading within a bearish context, concluding its trading around the psychological barrier of 1.0700. Technically, and with a closer look at the 4-hour time frame chart, we find that the simple moving averages …
Read More »Euro is facing solid support, confirmation of the break extends losses 8/9/2023
Yesterday, the euro began to pressure the psychological barrier support level at 1.0700, recording its lowest level at 1.0686 within the gradual downward path. On the technical side today, we find that the simple moving averages are still pressuring the price from above, and the 50-day moving average meets around …
Read More »Euro resumes its decline against the dollar 7/9/2023
The Nasdaq index reached the official target to be achieved yesterday, which was at 15,400, recording its lowest level at 15,395. Technically, we are leaning towards negativity in our trading, but with caution, relying on the clear negative signals on the 14-day momentum indicator on short time frames and trading …
Read More »Euro touches extended target 6/9/2023
As we expected, the downward trend continued to dominate the movements of the EUR/USD pair, reaching the official target station during the previous technical report at 1.0700, recording its lowest level at 1.0700. Technically, with a closer look at the 4-hour chart, we find the pair stable below the psychological …
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