The resistance levels mentioned in the previous analysis at 1.1840 were able to limit the bullish bias witnessed by the euro at the end of last week’s trading, forcing it to retest the first target of 1.1800. On the technical side today, the intraday stability is below the resistance level …
Read More »The Euro Settled Below Resistance
The euro saw positive trades during the previous trading session, but the positivity is still limited, and the current intraday movements are still below the resistance level of 1.1840. On the technical side today, and by looking at the 4-hour chart, we find the 50-day moving average that constitutes an …
Read More »The Euro Continues to Decline, And Eyes on ECB
The euro managed to touch the first bearish target published in the previous analysis at 1.1800 to record its lowest level at 1.1802. Today, the technicals indicate the possibility of resuming the decline due to the continuation of the negative pressure coming from the 50-day moving average and the stability …
Read More »The Euro Fails to Break Resistance
Negative trading dominated the euro’s movements against the US dollar during the previous trading session. It failed to breach the pivotal resistance level at 1.1880, which forced it to trade negatively to retest the 1.1845 support level. On the technical side today, we find the euro starting to press on …
Read More »EUR/USD Finishes Lower for the Second Day
The Euro (EUR) declined on Monday against the rising U.S. Dollar (USD), for the second consecutive session. The EUR/USD pair lost 0.24% to reach 1.1843. The pair marked its worst daily performance since August 19, a day after its first loss since August 26. It is worth noting that the …
Read More »The Euro Touches Goal
Positive trading dominated the euro’s movements against the US dollar within the expected bullish context during the previous analysis, touching the official target to be achieved at 1.1880, recording the highest level at 1.1884. Technically, the stability of trading above the intraday level above 1.1840/1.1820 supports the continuation of the …
Read More »The Euro Continues its Gradual Rise
The single European currency continued to achieve gains for the third consecutive session without achieving the scenario of retesting the support published in the previous analysis to approach the required official target of 1.1880, recording its highest level at 1.1857. Technically, we believe that the continuation of the rise is …
Read More »Euro Faces Temporary Negative Pressure
The single European currency continues its attempts to rise against the US dollar within the expected gradual ascent, recording its highest price during the last trading session, 1.1845. On the technical side, the current movements are witnessing a bearish slope due to the negative features that started appearing on the …
Read More »Euro Starts Positive
The euro is quietly trading on the positive side against the US dollar within the expected bullish path mentioned in the previous analysis, touching the first target required to be achieved 1.1820. On the technical side today, we tend to the positive, relying on the pair’s continuing positive stimulus from …
Read More »USD Scores Marginal Gains Moving Horizontally
The U.S. Dollar (USD) was little changed on the first session of the week against major currencies, leveling up for the third consecutive session with a modest rise. The greenback leveled up by about 0.03% against major currencies. Against the Euro (EUR), the USD lost 0.02%, with the EUR/USD pair …
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