Tag Archives: EUR

As we expected, the euro retested the support at 1.1600, resuming the bullish rebound approaching the desired target at 1.1680, recording the highest level at 1.1670. Technically, by looking at the chart, we notice the continuation of the bullish technical structure shown on the 4-hour chart, in addition to the …

The single European currency provided positive trading within the expected bullish path, approaching a few points from the first official target at 1.1680 to record the highest level of 1.1670. Technically, and by looking at the 60-minute chart, we notice the pair is now hovering around the 1.1640 resistance level, …

The single European currency started trading with a noticeable rise within the expected bullish path. Therefore, we relied on stabilizing trading above the 1.1540 support. Technically, the current moves are witnessing a bullish bias, attacking the strong resistance level of 1.1640, 23.60% Fibonacci correction, accompanied by the continuation of the …

EUR/USD has advanced during the New York trading session, up 0.07%, trading at 1.1610. During the session, market sentiment conditions improved despite a weaker than expected third quarter China’s GDP for the third quarter rose by 4.9% (YoY), lower than the 5.0% expected, which trailed the 7.9% increase of the …

The single European currency tried to advance after the bullish bias against the dollar within the bullish corrective path, recording a high of 1.1624 and maintaining its intraday movements above the 1.1600 barrier. Technically, and by looking at the 240-minute chart, we notice clear positive crossover signs on the stochastic …

The euro’s movements against the US dollar witnessed an upward bias during the last trading session. The pair succeeded in retesting the resistance level of the psychological barrier 1.1600, canceling the expected negative outlook. Technically, and by looking at the 240-minute chart, we notice that the 50-day moving average has …

The single European currency continues to creep negatively against the US dollar, within the expected bearish context, gradually approaching the first target of 1.1500, recording its lowest price at 1.1524. Technically, the current moves are witnessing a slight bullish slope due to the positive signals coming from the RSI on …

Quiet trading dominated the euro’s movements against the US dollar within the general bearish path, recording its lowest level at 1.1540 and starting today’s session by pressing the mentioned level. Technically, and by looking at the 240-minute chart, we notice the stochastic losing the bullish momentum, in addition to the …

The single European currency achieved some limited gains, taking advantage of the US employment data that came on the lower side, recording limited gains around 1.1586 areas. Technically, and by looking at the chart  240-minute chart, we notice the stochastic losing the bullish momentum, in addition to the pair’s continuing …

The technical outlook is unchanged, and the euro’s movements did not change significantly against the US dollar for the third consecutive session, maintaining the negative stability. Technically, the euro retested the previously broken support level at 1.1570/1.1560, and the intraday movements are witnessing stability below the mentioned level. By looking …