Positive trades returned to control the euro’s movements against the US dollar, benefiting from the confirmation of the breach of the 1.2060 resistance level, making it clear in the previous analysis that once trading above the aforementioned level, the pair will able to enhance the chances of upside to visit …
Read More »Euro Facing a Strong Resistance Level
Quiet trading dominated the movements of the euro against the US dollar during the previous trading session, as the pair found a strong resistance level around 1.2065. On the technical side today, the intraday trading is still stable below the resistance level of 1.2065 Fibonacci retracement of 38.20%, as we …
Read More »Euro Looking For Clearer Signal
The Euro approached the target mentioned in the previous analysis at 1.1970, reaching a low of 1.1998. Technically speaking, we find that the pair managed to find decent support around the psychological barrier of 1.2000 within attempts to rise again. With a closer look at the 240-minute chart, we find …
Read More »Euro Touches First Target And Retests of Support Remains
The European single currency managed to achieve the first bullish target published during the previous analysis, located at 1.2060, to record a high of 1.2080. On the technical side, the current movements of the pair are witnessing negative pressure due to approaching the resistance of the psychological barrier of 1.2100. …
Read More »The Euro Continues to Advance
The euro continues to advance against the US dollar within the expected bullish path mentioned in the previous analysis within a gradual rise towards the upside approaching the required target of 1.2060, reaching a high of 1.2050. Technically speaking today, we find that the current transactions setteled above the psychological …
Read More »Euro Maintains Its Bullish Path Against The Dollar
Positive trading continues to dominate the euro’s movements against the US dollar within a gradual rise to the upside, with the continuation of work within the bullish price channel shown on the chart. In terms of technical analysis today, we find the Euro succeeded in maintaining trading above 1.1950, and …
Read More »The Euro Touches Target and Re-Tests The Support
The attempts to gradually ascend the euro against the US dollar continue within the expected bullish path, benefiting from building on the support level of 1.1900, gradually approaching the first target required to be achieved during the previous analysis at 1.2010, recording a high of 1.1995. Technically speaking, we find …
Read More »Euro Touches Target Station and The Positivity Remains
Positive trading dominated the euro against the US dollar so that the pair could touch the official target station during the previous analysis at 1.1975, recording a high of 1.1987. Technically, we find the current moves are witnessing stability above the psychological barrier of 1.1900, and we find the 50-day …
Read More »Euro Based on Support
We committed ourselves to the intraday neutrality during the previous analysis, indicating that we are waiting to confirm the breach of the resistance level of 1.1885, and then 1.1925 to enhance the chances of an advance towards 1.1975, to record the highest level during the previous session at 1.1955. Technically, …
Read More »Euro Looking For a More Powerful Trend
The pair provided calm, positive trading, benefiting from stability above the strong support level at 1.1880, as part of attempts to stabilize above the psychological barrier of 1.1900. Technically speaking and with a closer look at the 60-minute chart, we find the 50-day moving average trying to provide a positive …
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