A negative trading session dominated the movements of the euro-dollar pair during the previous trading session, within the expected bearish path, recording its lowest level at 1.0707. From the point of view of technical analysis today, the pair is currently hovering around the 1.0730 support level, represented by a Fibonacci …
Read More »Euro continues to creep negatively against USD 25/5/2023
The single European currency continued its decline against the US dollar within the expected bearish path during the previous report, continuing the negative creep towards 1.0720, to hover around its lowest level during today’s early trading at 1.0730. Technically, and by looking closely at the 4-hour chart, we find that …
Read More »Euro is stable below resistance 24/5/2023
Narrow sideways trading tended to be negative, dominating the movements of the EUR/USD pair during the previous trading session after it failed to stabilize for a long time, according to the resistance of the psychological barrier 1.0800. Technically, with a closer look at the 240-minute chart, we find the Euro …
Read More »Euro is trying to take advantage of the support 22/5/2023
The euro-dollar pair ended its weekly trading last Friday with a limited rise, taking advantage of the US dollar’s decline and the pair’s consolidation above the support level of 1.0760. On the technical side today, the current movements of the Euro-dollar are witnessing stability around the top of 1.0830. With …
Read More »Euro is below the support line 16/5/2023
Narrow sideways trading dominated the movements of the euro-dollar pair during the first trading of this week, maintaining the negative path and recording its lowest level at 1.0843. On the technical side today, and with a closer look at the 240-minute chart, we find the euro stable below the previously …
Read More »Euro is touching the target and trying to recover 10/5/2023
The EURUSD pair declined significantly during the previous trading session’s dealings within the scenario of retesting the support published in the last analysis, touching the required target at 1.0945 and recording its lowest level at 1.0945. Technically, today, we find the EUR/USD pair trying to take advantage of the strong …
Read More »Euro is pressing support 9/5/2023
Quiet trading tended to be negative, dominating the movements of the euro-dollar pair during and throughout the trading of this week, after it found selling pressure near the resistance level of 1.1070, to start today’s session on a bearish slope. From the point of view of technical analysis today, and …
Read More »Euro is trying to recover 8/5/2023
Mixed trading dominated the movements of the euro-dollar pair, within a downward sloping path, affected by the US data that appeared last Friday, recording its lowest level at 1.0970. From a technical point of view, today, we find the pair’s intraday trading has returned to stability above 1.1000, accompanied by …
Read More »Euro is rising against the dollar 4/5/2023
The movements of the euro-dollar pair witnessed a positive trading session, as we expected, and the euro succeeded in touching the first official stop during the previous analysis, at 1.1085, recording its highest level at 1.1090. Technically, the simple moving averages still support the upward curve of prices, and this …
Read More »Euro is trying to climb gradually 3/5/2023
Trading tended to be positive, dominating the movements of the euro-dollar pair during the previous trading session as part of attempts to stabilize above the resistance level of 1.1000. On the technical side today, the pair’s intraday movements are witnessing attempts to stabilize above the breached resistance level at the …
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