The Eurozone manufacturing sector activity expanded but less than expected in February, the latest manufacturing activity survey from IHS/Markit research showed on Monday. The Eurozone Manufacturing purchasing managers index (PMI) arrived at 58.4 in February vs. 58.7 expectations and 58.7 last. The index hit two-month lows. The bloc’s Services PMI …
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The Euro continues to attempt to rise against the US dollar, but still limited, unable to consolidate above the main supply point published during the current week’s reports at 1.1380, which keeps the technical outlook unchanged. From the technical analysis point of view today, the current movements of the Euro …
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The Euro retested the critical resistance mentioned in the previous report at 1.1380, explaining that it represents one of the most critical directional keys for the current trading levels, which forced the pair to trade negatively around 1.1345, the lowest level during the early trading of the current session. Technically, …
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The movements of the Euro against the US dollar witnessed a mixed session, approaching by a few points from the first official station targeted in the previous analysis at 1.1510, posting the highest level of 1.1495, to trade again on the negative side as approaching the resistance level of the …
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The movements of the Euro against the US dollar witnessed a mixed session, approaching by a few points from the first official station targeted in the previous analysis at the price of 1.1510, posting the highest level of 1.1495, to trade again on the negative side due to approaching the …
Read More »
The movements of the Euro against the US dollar witnessed a mixed session, approaching by a few points from the first official station targeted in the previous analysis at the price of 1.1510, posting the highest level of 1.1495, to trade again on the negative side due to approaching the …
Read More »
The European single currency maintains positive stability, benefiting from a successful retest of the psychological barrier 1.1400 support level. As a result, the intraday movements are still stable above the mentioned level. On the technical side, the 50-day moving average still holds the price below, supporting the bullish pricing bias. …
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The European single currency maintains positive stability, benefiting from a successful retest of the psychological barrier 1.1400 support level. As a result, the intraday movements are still stable above the mentioned level. On the technical side, the 50-day moving average still holds the price below, supporting the bullish pricing bias. …
Read More »
The euro’s movements did not witness little change during the first trading of this week, trying to maintain its gains that extended towards the 1.1475 areas, to see the stability of the current movement above the psychological level of 1.1400. On the technical side, the 50-day moving average is still …
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The movements of the European single currency witnessed an upward bias during last week’s trading, surpassing the target at 1.1380, to record its highest level at 1.1483. Technically, and by looking at the 4-hour chart, we notice the signs of negativity that started appearing on the stochastic as a result …
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