Quiet negative trading dominated the movements of the EUR/USD pair amid the holiday in the American markets at the beginning of this week’s trading, with the euro maintaining negative stability against the US dollar, recording its lowest level at 1.0771. Technically, by looking at the 4-hour time frame chart, we …
Read More »Euro fails in its attempts to recover 1/9/2023
The EUR/USD pair reversed the expected upward trend during the previous technical report under negative pressure from negative inflation data, invalidating the positive outlook in which we relied on trading stability above 1.0880 at the time the report was issued, explaining that the trading stability below 1.0870/1.0880 with the closing …
Read More »Euro continues to recover against the dollar 31/8/2023
Yesterday, the euro presented a positive trading session against the US dollar within the expected positive outlook, in which we relied on confirmation of the pair’s breach of the 1.0880 resistance level, explaining that this is a motivating factor that enhances the chances of touching 1.0915, a first target, and …
Read More »Euro starts attacking the resistance 30/8/2023
The euro achieved significant gains against the US dollar during the previous trading session within the expected bullish context, in which we relied on confirming the breach of the 1.0850 resistance level, explaining that this is a catalyst that enhances the chances of an increase to visit 1.0880, for the …
Read More »Euro’s recovery attempts need confirmation 29/8/2023
We adhered to intraday neutrality during the first trading sessions of this week due to the inconsistency between the technical signals, to find the EUR/USD pair trying to recover and now hovering around its highest level during the early trading of the current session at 1.0836. On the technical side …
Read More »Euro suffers from the rise of USD 28/8/2023
As we expected, the euro-dollar pair continues its bearish trend, recording its lowest level at the end of last week’s trading, around 1.0766, as part of attempts for a bullish rebound, to hover now around the resistance level of the psychological barrier 1.0800. On the technical side today, and when …
Read More »Euro continues to break lows 25/8/2023
The bearish trend continues to control the movements of the Euro-dollar pair within the expected negative technical outlook during the previous technical report, touching the first official stop at 1.0800, heading to visit the official target required for the current descending wave at 1.0775, recording the lowest trading at 1.0777 …
Read More »Euro is retesting the resistance 24/8/2023
The euro-dollar pair touched the second bearish target during the previous trading session, 1.0800, recording its lowest level at 1.0802. On the technical side, the pair’s movements witnessed an upward rebound as a result of touching the support of the psychological barrier represented by the target 1.0800, to return positively, …
Read More »Euro is touching the bearish targets 23/8/2023
EURUSD failed to stabilize for a long time above the resistance level of the psychological barrier 1.0900, to return to negativity significantly during the previous trading session, within the expected bearish context in the last analysis, touching the first official target of 1.0840, recording its lowest level at 1.0833. Technically, …
Read More »Euro is retesting support 22/8/2023
After several successive sessions of decline, the euro-dollar pair started its daily trading on an upward slope, attempting to take advantage of the support level of 1.0885 to witness the current movements stabilizing around its highest level during the morning trading at 1.0915. Technically, by looking at the 4-hour chart, …
Read More »