Narrow sideways trading dominates the movements of the Euro-dollar pair for the third consecutive session, confined from the bottom above 1.0955 and the top below 1.1000. Technically, we find the level of 1.0955 forming a support level represented by Fibonacci correction 50.0%, which was able to limit the bearish slope. …
Read More »Euro is testing the support and confirming the break extends the losses 9/8/2023
Negative pressure dominated the movements of the EUR/USD pair yesterday, within the bearish technical outlook, as we expected, in which we relied on trading stability below the resistance of the psychological barrier 1.1000, heading to touch the first target to be achieved at 1.0950, recording its lowest level at 1.0952. …
Read More »Euro needs to break support 8/8/2023
Quiet negative movements dominated the euro-dollar pair within the expected bearish path during the previous report, approaching the first target 1.0955, recording its lowest level at 1.0965, after failing to stabilize for a long time above the resistance of the psychological barrier 1.1000. On the technical side today, and with …
Read More »The Euro is stable below resistance 7/8/2023
Negative trades continue to control the movements of the euro-dollar pair, to start this week’s trading on a bearish slope, stable below the resistance level of the psychological barrier 1.1000. On the technical side today, and when looking closely at the 4-hour chart, we find that stochastic continues to provide …
Read More »Euro is touching the target and needs additional momentum 19/7/2023
The EUR/USD pair reached the first official target required to be achieved during the previous technical report, located at 1.1275, recording its highest level at 1.1275. On the technical side, the main resistance represented by the target 1.1275 was able to limit the bullish bias, which forced the pair to …
Read More »Euro beats USD 18/7/2023
The euro-dollar pair continues to achieve gains within the gradual rise, as we expected, and currently hovering near its highest level during the morning trading of today’s session, at 1.1255. On the technical side, the pair was able to build on the support of the psychological barrier 1.1200, accompanied by …
Read More »Euro achieves bullish targets and continues to advance against USD 14/7/2023
As we expected, the single European currency continued its positive performance against the US dollar, touching the official target station located at 1.1245, recording its highest level at 1.1245 during the early trading of the current session. On the technical side today, by looking at the 4-hour chart, we find …
Read More »Euro is aggressively attacking USD 13/7/2023
Remarkably positive trades dominated the movements of the euro-dollar pair within the positive technical outlook, as we expected during the previous report, touching the required targets at 1.1100, close by a few pips to the main target 1.1160, recording its highest level at 1.1148. Technically, and with a closer look …
Read More »Euro continues to rally against USD 12/7/2023
The euro traded positively against the US dollar during the previous trading session after it confirmed the breach of the 1.0940 resistance level to start attacking the psychological barrier of 1.1000, recording its highest level at 1.1033. On the technical side today, and by looking closely at the 240-minute chart, …
Read More »Euro is trying to bounce back 7/7/2023
As we expected, the single European currency declined significantly against the US dollar within the context of a gradual decline, approaching the target station 1.0800, recording its lowest level at 1.0830. From the angle of technical analysis, the euro-dollar pair found a good support floor around 1.0820, which managed to …
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