Tag Archives: Euro

The euro maintains negative stability with movements that tended to negativity during the previous session, stable below the resistance level of 1.1740. Technically, and with careful consideration on the 240-minute chart, we find the stochastic started gradually losing the bullish momentum, accompanied by the negative pressure coming from the 50-day …

Quiet trading for the euro against the US dollar tended to the downside, trying to settle above our last target at 1.1700, to witness a temporary bullish bias aimed at retesting 1.1740. Technically, and by looking at the 240-minute chart, we find the stochastic started losing the bullish momentum gradually, …

Euro declined against the U. S. dollar on Monday as dollar firmed ahead of a week that will witness several central bank meetings globally.Immediate resistance can be seen at 1.1738 (50%fib), an upside break can trigger rise towards 1.1771(61.8%fib).On the downside, immediate support is seen at 1.1697(38.2%fib), a break below …

The single European currency faced intense selling pressure at the end of last week’s trading within the bearish context, as we expected, touching the second official leg of the current downside wave at 1.1700, recording the lowest level at 1.1708. Technically, the negative pressure coming from the 50-day moving average …

The dollar settled near three-week highs on Friday, September 17, after better-than-expected US retail sales data boosted bets on the strength of the US economy and the prospects of abandoning its stimulus program sooner than expected. The euro rebounded, recording $1.1783, but it remains close to a three-week low. US …

Negative trading dominated the single European currency during the previous trading session, within the expected bearish path, touching the first target at 1.1750, recording the lowest price of 1.1750. Technically, and with careful consideration of the 4-hour chart, we find the simple moving averages continuing their negative pressure on the …

Euro fell back under USD 1.18 in mid-September, hovering around its weakest level since 27 August due to growing risk aversion as rising COVID-19 infections could force some countries to resume certain restrictions. The European Central Bank decided last week to move to a moderately lower pace in its €1.85 …

The dollar moved near the middle of its trading range over the past month against major currencies on Thursday, September 16th, as traders look to the Federal Reserve meeting next week, in search of indications of when the US central bank will begin to taper. The dollar index, which measures …

Limited sideways trading dominates the euro’s movements for the second session in a row, and it hits the strong resistance level of 1.1850, unable to breach it so far, which forced it to the downside, to put negative pressure on the 1.1800 support level. With a closer look at the …

Euro benefited, Wednesday, from a boost due to the USD’s weakness after positive comments on inflation by the European Central Bank’s chief economist.Euro/USD rose to 1.1814 compared to 1.1804, on Tuesday. The pair fell to a trading day low of 1.1799 versus a high of 1.1832.“The pandemic emergency asset purchase …