Tag Archives: EUR

The resistance levels at 1.1610 constituted an obstacle for the pair to retest it successfully as we expected, and the current movements are still below it. Technically, by looking at the chart, we notice that the price stabilizes intraday below the 50-day moving average. This comes in conjunction with the …

The U. S. dollar was wavering between 93.90 and 94.10 in the New York session after data showed US producer prices increased solidly in October. While this was indicating that high inflation could persist for a while amid tight supply chain difficulties related to the pandemic, there were no great …

The single European currency started its first weekly trading within a slight bullish slope within attempts to recover. However, it is still limited, building on the 1.1520 support floor, trying to retest 1.1610/1.1600. Technically, by looking at the chart, we notice the price’s attempts to move above the 50-day moving …

EUR/USD advances to begin the trading week on the right stance, up 0.18%, trading at 1.1587 during the day, as positive market sentiment as witnessed by rising US stock indices prevails the financial markets. In the Forex market, risk-sensitive currencies rise, with the NZD, the GBP, and the AUD, as …

The euro achieved the expected negative outlook we mentioned in the previous analysis within the gradual negative moving towards the awaited target at 1.1500, recording the lowest price of 1.1513 at the end of last week’s trading. Technically, by looking at the chart, the euro is trying to rebound upwards …

The EUR/USD pair slid under renewed pressure and touched its weakest record level of 2021 below 1.1520 on Friday after the US jobs report showed that Nonfarm Payrolls rose by 531,000 in October, surpassing the market consensus of 425,000.The latest rebound in EUR/USD seems to be a technical correction with …

The euro declined noticeably against the US dollar during the last trading session, within the bearish context, as we expected, touching the first target 1.1560, approaching by a few points, at the second target 1.1500, to settle for recording the lowest price of 1.1525. Technically, and by looking at the …

On Thursday’s session, the U. S. dollar is the unchallenged winner. The USD was able to resume its advance and reached fresh weekly highs against high yielding rivals.On the other hand, safe-haven assets edged higher against the USD, although without breaking any critical level.The Bank of England had a monetary …

The euro’s movements against the US dollar witnessed a bearish tendency, as we expected, to the downside, to reach its lowest level during the last session’s trading at 1.1560. Technically, the pair is now hovering near the resistance level of the psychological barrier at 1.1600. With a careful look at …

The Euro retested the previously broken support level around the psychological barrier of 1.1600 and could not close above the mentioned level, maintaining the gradual bearish context. Technically, and by looking at the 4-hour chart, we notice the continuation of the negative pressure coming from the 50-day SMA, accompanied by …