Amid quiet trading, the single European currency maintained its positive stability within the expected bullish path during the previous analysis, with a gradual rise towards the required target of 1.0800, recording the highest during the last session’s trading of 1.0787. Technically, today, the current movements of the pair are witnessing …
Read More »The euro faces a re-test scenario 31/5/2022
Amid quiet trading, the single European currency maintained its positive stability within the expected bullish path during the previous analysis, with a gradual rise towards the required target of 1.0800, recording the highest during the last session’s trading of 1.0787. Technically, today, the current movements of the pair are witnessing …
Read More »The Euro starts positively and hovers around a pivotal resistance 30/5/2022
The euro started its first weekly trading with a noticeable rise within the expected bullish context during last Friday’s analysis. It managed to breach 1.0670 resistance level, to reach its highest level during the morning trading of the current session at 1.0762. Technically, the euro is now hovering around the …
Read More »The euro touches the desired goal 27/5/2022
The single European currency succeeded in retesting the pivotal support level published during the previous report at 1.0660, which forced the euro to bullish retracement. As we expected, touching the first target 1.0740, heading to touch the official price target during the previous technical report at 1.0770, recording its highest …
Read More »Euro trying to get positive signals 26/5/2022
Trading tilted to the negative trend that dominated the euro’s movements against the US dollar yesterday, but with limited negativity after the pair closed daily above the support level of 1.0670. Technically, the euro is hovering around the 1.0670 level, which is the strong support of the 61.80% Fibonacci retracement, …
Read More »The Euro continues its upward movement 25/5/2022
On Monday, Spot gold peaked at $1,865.38 a troy ounce, but the rally lost steam after Wall Street’s open, trading at around $1,851. The optimistic tone of equities undermines demand for the safe-haven metal, while the greenback remains out of investors’ radar. As we expected, the euro made a noticeable …
Read More »The Euro Advance against USD 24/5/2022
The Euro provided a trading session in positive areas against the US dollar after it succeeded in building on the support floor of 1.0550 and the Euro’s success in breaching 1.0630, reaching its highest level during the previous trading session 1.0697. Technically, and by carefully looking at the 4-hour chart, …
Read More »The Euro looking for a stronger direction 20/5/2022
The support levels published during the previous report at 1.0460, managed to limit the bearish bias, as the euro successfully retested the mentioned level, trying to maintain stability above the resistance level of the psychological barrier of 1.0500. Technically today, and by carefully looking at the 240-minutes, we notice the …
Read More »The euro is waiting for a price destination to be determined 19/5/2022
The support levels published during the previous report at 1.0460, managed to limit the bearish bias, as the euro successfully retested the mentioned level, trying to maintain stability above the resistance level of the psychological barrier of 1.0500. Technically today, and by carefully looking at the 240-minutes, we notice the …
Read More »Euro takes advantage of weak USD 18/5/2022
The movements of the euro witnessed a noticeable increase during the previous trading session, with increasing bets that the European Central would raise interest rates and the decline of the US dollar, reaching its highest level at 1.0563. Technically, we find the euro succeeded in breaching the 1.0460 resistance level, …
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