The single European currency benefited from the support level published in the previous analysis at 1.1665, explaining that breaking this level is a condition to continue resuming the rise and forced the pair to rebound the limited upside to retest 1.1700. On the technical side today, despite the current bullish …
Read More »Euro: Retesting The Resistance
The single European currency benefited from the support level published in the previous analysis at 1.1665, explaining that breaking this level is a condition to continue resuming the rise and forced the pair to rebound the limited upside to retest 1.1700. On the technical side today, despite the current bullish …
Read More »The Euro Continues Its Gradual Decline
The euro hit the resistance level at 1.1720, continuing the gradual decline against the US dollar within the expected bearish PATH, recording its lowest price during the previous trading session at 1.1665. On the technical side, the 50-day moving average is still putting pressure on the price, in addition to …
Read More »The Euro Touches Goal And Negative Pressure Remains.
The single European currency declined significantly during the previous trading session, within the negative outlook, as we expected, touching the official target station at 1.1700. Technically, the pair succeeded in confirming the breach of the 1.1760 support level, which is now turned into a resistance level that supports the negativity …
Read More »The Euro Waiting For Confirmation
The euro failed to achieve the required rise during the previous trading session against the USD after it found a strong resistance level around the psychological barrier of 1.1800. Technically, the euro starts pressing on the 1.1760 support level, and with careful consideration on the chart, the simple moving averages …
Read More »Euro Trying to Recover Against The US Dollar
A noticeable surge of the euro against the US dollar at the end of last week’s trading, nullifying the expected negative outlook during the previous analysis, touching the stop-loss order 1.1800, recording the highest level at 1.1804. On the technical side today, we find the euro succeeded in stabilizing above …
Read More »The Euro is Falling Back Against The US Dollar.
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 …
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