A gradual decline to the downside for the EUR/USD pair, within the expected bearish path mentioned in the previous analysis, approaching the official station of 1.1700, recording its lowest level at 1.1723. technically, and carefully looking at the 240-minute chart, we notice that the simple moving averages continue their negative …
Read More »The Euro: May Face Negative Pressure
Negative moves still dominate the EUR/USD pair for the second consecutive session, within the expected bearish track during the previous analysis, recording its lowest level at 1.1735. Technically speaking, we maintain our negative expectations, relying on the negativity of the stochastic indicator, with the continuation of the negative pressure of …
Read More »The Euro is Falling Back Against The US Dollar.
The single European currency ended its weekly trading on a bearish slope, as the euro continued the descending path that started from the 1.1890 level to record its lowest level at 1.1754. On the technical side today, and with a careful look at the 4-hour chart, we find the simple …
Read More »Swiss Franc Rises on the Back of Dollar Woes
The Swiss Franc (CHF) surged against the declining U.S. Dollar (USD) on Thursday, amid a broad decline by the greenback that followed the release of the Federal Reserve policy statement. The Fed vowed to maintain its current accommodative policy, keeping interest rates and asset purchases unchanged, and expecting to hold …
Read More »Eurozone Sentiment Hits Record High in July
Estimates from the European Commission showed Thursday, July 29 that economic sentiment in the Eurozone hit a record high in July, but waning consumer optimism and a slowdown in the rate of increase may indicate that the peak is fast approaching. The Commission said in its monthly survey that sentiment …
Read More »The Euro Maintains a Bearish Path
It has limited sideways trading that dominated the euro’s movements against the US dollar during the previous trading session within a gradual bearish tendency to the downside, touching the first target of 1.1810, recording a low at 1.1796. Technically, the current movements are witnessing a slight bullish slope. However, there …
Read More »The Euro Continues Its Gradual Decline Against The Dollar
Negative trades dominated the euro’s movements against the US dollar, within the expected negative outlook, in which we relied on breaking 1.1820 to record the lowest price at 1.1770. On the technical side today, and looking at the 240-minute chart, we find that the 50-day moving average is still pressing …
Read More »The Euro Confirms Support Breach
We adhered to intraday neutrality during the previous analysis, explaining that we are waiting to activate the sell orders, which depend on witnessing a breach of the 1.1820 level, in order to target the 1.1770 areas, so that the euro succeeds in touching the first target, recording the lowest price …
Read More »The Euro is Unchanged, Waiting For Pending Orders
The technical outlook is unchanged, and the EUR has not changed much within a sideways bullish trend. However, technically, and with careful consideration of the 4-hour chart, we find a conflict between the positive motive coming from the 50-day moving average, which is trying to push the price to the …
Read More »The Euro Trying to Recover And Negative Pressure Remains
EURUSD is seeing attempts to rally after it found a good support floor near 1.1780 and despite the rallies, we think it is still limited. Technically, by looking at the 4-hour chart, we find that there is a conflict between the positive motive coming from the 50-day moving average, which …
Read More »