The euro-dollar pair witnessed a positive trading session within the expected bullish context. Accordingly, we relied on stability above the psychological barrier of 1.0600, reaching the official station targeted for the current bullish wave at 1.0740, recording its highest level at 1.0760. On the technical side today, we find there …
Read More »Euro is breaching resistance, positivity remains 9/1/2023
EURUSD pair jumped to achieve strong gains at the end of the trading week last Friday after it managed to exit from the sideways track, as we indicated during all trading reports of the past week, explaining that the price’s consolidation above the resistance level of the psychological barrier 1.0600 …
Read More »Euro is still waiting for a stronger trend 6/1/2023
We remained neutral during the previous report, for the second session in a row, due to a contradiction between the technical signals, as the movements of the Euro-dollar pair witnessed a downward trend, recording its lowest level at 1.0520. On the technical side, we previously indicated that the support level …
Read More »Euro is waiting for a new directional signal 5/1/2023
We adhered to our intraday neutrality during the previous report, due to conflicting technical signals, to find the EUR/USD pair moving in a narrow path confined from below above the support level of 1.0520, and from above below the resistance level of 1.0630. On the technical side today, we find …
Read More »Euro is waiting for a new directional signal 4/1/2023
The movements of the EUR/USD pair witnessed a negative trading session, negating the expected bullish scenario in the previous analysis. We have indicated that a decline below 1.0590/1.0600 can nullify the suggested bullish scenario and place the pair under intense negative pressure, aiming to retest 1.0560 & 1.0510, recording its …
Read More »Euro is trying to maintain the positive stability 3/1/2023
Quiet trades tended to positively dominate the movements of the EUR/USD pair to start attacking the resistance level of the psychological barrier 1.0700, which still an obstacle in front of the pair. Technically, by looking at the 240-minute chart, we find the 50-day simple moving average still carries the price …
Read More »Euro continues its gradual rise 27/12/2022
The Eurodollar pair opened its weekly trading on an upward slope, as we expected, heading to visit the first target to be achieved during the last report at 1.0660, recording its highest level during the Asian session for today’s session at 1.0660. On the technical side today, and by looking …
Read More »Euro repeats breakout opportunities 23/12/2022
The Eurodollar pair’s attempts maintain the bullish context, trying to breach the strong resistance level at 1.0660, after it succeeded in building on the support 1.0570/10.580. Technically, and by looking closely at the 240-minute chart, the simple moving averages are trying to pressure the price from above. On the other …
Read More »Euro re-test support, eyes on ECB 15/12/2022
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 …
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