The Euro weakened against the Japanese Yen, with the EUR/JPY pair trading just above 172.00, down from its multi-year high of 173.25. Escalating EU-U.S. trade tensions, led by U.S. Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, alongside Japan’s post-election stability under Prime Minister Shigeru Ishiba, are driving market …
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As highlighted in the previous technical report, the EUR/USD pair successfully reached the bearish target at 1.1575, recording a session low of 1.1557. Technical Outlook – 4-Hour Timeframe: Intraday movements indicate limited rebound attempts, following a temporary halt in selling pressure at the 1.1575 support level. The pair is currently …
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The EUR/USD pair extended its decline in the previous trading session, in line with the bearish outlook outlined in the prior technical report. The pair reached the expected target at 1.1610, recording a session low of 1.1593. Technical Outlook – 4-Hour Timeframe: Intraday price action reflects attempts at recovery driven …
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A bearish trend continues to dominate EUR/USD price action, with the pair approaching the psychological resistance level at 1.1700, which has triggered renewed negative intraday movement. Technical Outlook – 4-Hour Timeframe: The pair is currently trading below the initial resistance at 1.1685, with the simple moving averages acting as dynamic …
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The EUR/USD pair experienced bearish pressure in the previous trading session, testing key support levels and dropping as low as 1.1662. Technical Outlook – 4-Hour Timeframe: The pair is currently trading below the 1.1730 resistance level, with the simple moving averages preventing any upward movement. The Relative Strength Index (RSI) …
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The EUR/USD pair has successfully activated the expected bearish scenario outlined in the previous technical report, reaching the first corrective target at 1.1690 and recording a session low of 1.1682. Technical Outlook – 4-Hour Timeframe: The technical picture continues to show bearish pressure on the pair. The 50-period Simple Moving …
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The EUR/USD pair continues to trade within a well-defined upward trajectory, edging closer to the key psychological resistance at 1.1800, with a session high recorded at 1.1790. Technical Outlook – 4-Hour Chart:Price action indicates strong resistance near the 1.1800 threshold, which has prompted some intraday pullbacks. Additionally, the 50-period simple …
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Italy’s unemployment rate saw a significant increase in May, rising sharply to 6.5% from a revised 6.1% in April, according to data released on Wednesday by the national statistics bureau, ISTAT. The increase in the jobless rate was largely attributed to a surge in the number of people who had …
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The EUR/USD pair continues to follow a positive trajectory, in line with prior expectations, reaching the 1.1800 target and recording a session high of 1.1830. Technical Outlook (4-hour timeframe):Despite some mild profit-taking, technical indicators remain aligned with a continuation of the uptrend: The pair is trading consistently above the 50-day …
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Dollar’s Decline Fuels EUR/USD RallyThe Euro has surged past 1.1700 against the US Dollar, reaching multi-year highs as the US Dollar Index (DXY) retreats to levels last seen in Q1 2022. Despite stronger-than-expected US economic data, such as weekly jobless claims and Durable Goods Orders, the Dollar faces headwinds. Concerns …
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