Quiet trading dominated the moves of the euro against the US dollar during the previous trading session, to witness the current moves stabilizing again above 1.1885. Technically speaking, the 50-day moving average holding the price from the bottom and supports a bullish curve for prices, on the other hand, we …
Read More »Euro Touching Targets And Technicals Are Contradictory
The euro succeeded in achieving the second official target to be achieved and mentioned in the previous analysis, located at 1.1875, to hit its highest level during the previous trading session at 1.1877. On the technical side today, and with a closer look at the short time frames, we find …
Read More »Euro Looking For Confirmations
Quiet, positive transactions dominated the moves of the euro against the US dollar, as part of the pair’s attempts to stabilize the pair above the 1.1780 resistance level. Technically, and with a closer look at the chart, the 60-minute chart, we find the euro is stable above the aforementioned level, …
Read More »Euro Retest Resistance And Negativity Remains
Quiet trading dominated the movements of the euro against the US dollar, in the context of re-testing the resistance indicated in the previous analysis at 1.1750. Technically speaking today, we find the euro stable below the mentioned resistance level, and the 50-day moving average is still an obstacle in front …
Read More »The Euro Touching The Bearish Targets
The single European currency succeeded in touching the target mentioned in the previous analysis, located at the price of 1.1700, to record the lowest price during the morning trading of the current session at 1.1700. Technically speaking and with a closer look at the chart, with regular work inside the …
Read More »The Euro Continues to Put Pressure on The Support And Negativity Remains
The single European currency continues to pressure the pivotal support level aforementioned in the previous analysis at 1.1770, to stabilize the current trading of the pair around the lowest level during early trading for the current session at 1.1660. Technically speaking, and with a closer look at the chart, we …
Read More »Euro Continues to Decline Against US Dollar
The European currency showed negative movements during the previous trading session within the expected negative outlook during the previous analysis, touching the first target to be touched at 1.1670, recording the lowest price of 1.1660. Technically speaking, the intraday trading is stable below the previously broken support barrier, which has …
Read More »GBP/USD Rebounds Following Five Declines in Row
The British Pound (GBP) is rising on Thursday, supported by a positive sentiment as the United Kingdom (UK) and the European Union (EU) vowed to cooperate to reach a settlement to the current disagreements in a way that would facilitate cooperation in vaccine distribution and transportation. Despite a mostly positive …
Read More »Euro Extends Losses
The single European currency continued to decline against the US dollar within the expected bearish path mentioned in the previous analysis, touching our required target located at 1.1800, to record its lowest level at 1.1806. On the technical side, today, and with a closer look at the 4-hour chart, the …
Read More »EUR Declines as USD Nears Highest Level in Four Months
The Euro (EUR) is showing a downward performance against the U.S. Dollar (USD) on Wednesday, with the later nearing its best level in about four months against rivals. The EUR/USD pair is trading lower for the day by 0.17% at 1.1829. The pair has been moving today in a range …
Read More »