Tag Archives: EUR

The single European currency continues to move negatively against the US dollar, within the expected bearish context during the technical report issued yesterday, touching the target station of 1.0870, recording the lowest price at 1.0870. Technically, by looking at the 240-minute chart, we notice the regularity of movement within the …

As we expected, the single European currency found intense selling pressure against the US dollar, touching the official target at 1.0920, recording its lowest level around the psychological barrier of 1.0900. Technically, today, the negative pressure is still intact—the pair’s failure to maintain trading above the previously broken support-into-resistance around …

A negative trading session witnessed the euro’s movements against the US dollar within the expected bearish context with the beginning of the current week’s trading, heading towards touching the first target of 1.0970, to record the lowest at 1.0965. Technically, we are still inclined to the negativity, relying on the …

Mixed trading dominated the euro’s movements against the US dollar at the end of last week’s trading, within a direction tilted to the downside after the pair failed to stabilize above the resistance level of 1.1150. Technically, we notice that the buying rejection still exists. However, by looking at the …

Financial markets on Wednesday remained focused on the the continued weakening of the US dollar, where the DXY dropped a further 0.6% to the 97.80s, where it now probes mid-March lows more than 1.5% below earlier weekly highs. Economic DataPrivate sector employment in the US rose by 455,000 in March, …

The single European currency provided positive trades during the previous trading session. It approached the 1.0920 support level, recording the lowest price at 1.0940, forcing it to form a limited bullish bounce to retest the psychological resistance level 1.1000. Technically, by looking at the 4-hour chart, we notice that the …

The single European currency opened its first weekly trading with a bearish bias after failing to breach the strong supply area published during the last analysis at 1.1060. It represents one of the most important directional keys that forced the pair to retest 1.0950. Technically, the current movements of the …

The EUR/USD pair moved in the expected bearish path, but it did not show solid movements for two consecutive sessions, trying to build on 1.0960 support level. Technically, despite the pair’s attempts to achieve some bullish rebound, benefiting from the pivot on the 1.0960 support floor, we also find that …

Slow sideways movements tend to dominate EUR/USD negatively, and the intraday movements are still stable below the resistance level 1.1060/1.1050, unable to break it. Technically, despite the pair’s attempts to achieve some bullish bounce, we still believe that the bearish trend is the most likely, relying on the stability of …

The eurodollar achieved the first target published during the previous technical analysis at 1.0960, recording the lowest price at 1.0960, returning to the limited bullish bounce, building on support level. It is now hovering around the 1.1030 level. Technically, despite the slight bullish bias, we still believe that the bearish …