The EUR/USD pair continues its attempts to rise within the gradually ascending path, as we expected, recording its highest level during the previous session’s dealings, near the psychological barrier of 1.0700. On the technical side today, and with a closer look at the 240-minute chart, we notice that the pair …
Read More »Euro is freed from the strength of the dollar 14/12/2022
A noticeable surge for the euro-dollar pair yesterday, for the euro to take advantage of the weakness of the US dollar after the inflation data, and as a reminder, we preferred to monitor the price behavior of the pair waiting for trading orders to be activated, explaining that activating purchase …
Read More »Euro is in a sideways range and is waiting for pending orders 13/12/2022
Narrow sideways movements dominated the performance of the EUR/USD pair. As a reminder, we preferred to monitor the pair’s price behavior during the previous report due to conflicting technical signals, explaining that we are waiting for the pending orders to be activated until we get a stronger trend. Technically, we …
Read More »Euro is waiting for a stronger trend 12/12/2022
Trading tended to be positive, dominating the movements of the euro-dollar pair within the expected bullish context at the end of last week’s trading, approaching the resistance level of the psychological barrier 1.0600, which formed a strong resistance level that forced the pair to retest 1.0515. Technically, the pair is …
Read More »Euro touched target and hit resistance 9/12/2022
The Eurodollar pair moved positively during the previous trading session after it succeeded in activating the pending purchase order mentioned yesterday at 1.0510, explaining that this can enhance the chances of a rise towards the first target 1.0555, recording its highest level at 1.0586. The technical side today indicates the …
Read More »Euro hovering around resistance, confirmation of breach supports upside 8/12/2022
We adhered to intraday neutrality during the previous report, due to the conflicting technical signals, explaining that activating buying positions depends on consolidation above 1.0510, to enhance the chances of ascending to visit 1.0560. Technically, we find the euro-dollar pair still hovering around the 1.0510 level, which constitutes one of …
Read More »Euro in a sideways, await pending orders 7/12/2022
The pair was trading in a narrow range, and the EUR/USD pair did not show any significant change and was stable from above or below the resistance level of 1.0510 and below the support level of 1.0460. Technically, and with careful consideration, we notice the continuation of the conflicting technical …
Read More »Euro retesting support 6/12/2022
Little negativity dominated the movements of the EUR/USD pair as a result, after it witnessed substantial gains last Friday, heading to the downside due to the price approaching the resistance level of the psychological barrier 1.0600. On the technical side, the support levels published in the previous technical report at …
Read More »Euro continues the bullish against USD 5/12/2022
The euro-dollar pair jumped to the top, achieving strong gains. However, as a reminder, we indicated during the last technical report that the resumption of the rise depends mainly on confirming the pair’s breach of the resistance level of the psychological barrier 1.0400, to target 1.0520, recording its highest level …
Read More »Euro is in a sideways trajectory 30/11/2022
Limited sideways trading dominates EUR/USD, confined from the bottom above 1.0320, and from the top below 1.0400, for the second consecutive session. On the technical side today, we notice a contradiction between the technical signals, and we find the 50-day simple moving average that started pressuring the price from above. …
Read More »