Market Drivers: US Session, September 20 US Dollar Strengthens Amidst Fed Rate Cut and Economic OptimismThe US Dollar gained momentum following the Federal Reserve’s interest rate cut, reflecting growing market optimism about the US economy. The New York Fed’s Nowcast model projects robust economic growth in the third and fourth …
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The EUR/USD pair found strong support near 1.1040, as previously noted, with the continuation of the bearish corrective trend hinging on a decisive break below this level. The pair managed to close above 1.1040, reaching a high of 1.1095. From a technical perspective today, the 4-hour chart shows the pair …
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Calm, slightly negative trading characterized the movements of the euro against the U.S. dollar, remaining within the anticipated bearish trend. As noted yesterday, further decline depends on a break below the 1.1040 level. From a technical perspective, the 4-hour chart shows that the pair has found solid support around 1.1040. …
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The EUR/USD pair experienced a gradual decline in the early trading sessions this month, driven by the U.S. dollar’s attempts to stage a rebound. As a result, the pair has remained generally stable below the psychological resistance level of 1.1100. From a technical perspective, a closer look at the 4-hour …
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The EUR/USD pair experienced narrow sideways trading, confined between the support level at 1.0800 and the resistance level at 1.0850. Technically, the 240-minute chart shows continued negative pressure from the simple moving averages, alongside the stability of daily trading below the pivotal resistance level of 1.0880. Given these conditions, there …
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The Euro continued its decline against the US Dollar, following the anticipated downward trajectory outlined in the previous technical report. The pair reached the first official target at 1.0810, hitting a low of 1.0802. On the technical front today, a closer examination of the 240-minute chart reveals that the simple …
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The euro continues to decline against the US dollar, adhering to the expected bearish trend after reaching the first target of 1.0840 as indicated in the latest report. Technically, the 240-minute chart reveals negative crossover signals from the simple moving averages, which support the likelihood of continuing the downward trend. …
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The euro declined against the US dollar as anticipated in our previous technical report, reaching the initial target of 1.0840, with the lowest trading level during the morning session at 1.0840. From a technical perspective, the 240-minute chart shows negative crossover signals from the simple moving averages, suggesting the likelihood …
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The EUR/USD pair is experiencing subdued trading at the start of this week, remaining below the key psychological resistance level of 1.0900. Technical Outlook: On the 240-minute chart, the Stochastic oscillator is gradually losing upward momentum, indicating a potential shift in sentiment. Additionally, the price is consolidating below the pivotal …
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The EUR/USD pair has continued its upward trajectory, reaching our previously identified target of 1.0950 and peaking at 1.0948, confirming the positive outlook outlined in the previous technical report. Technical Outlook: The technical outlook remains strongly bullish. On the 4-hour chart, the pair is trading within an ascending price channel, …
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