Tag Archives: Euro

The single European currency continues to try to rise against the US dollar, recording its highest level during the previous session at 1.1280. Technically speaking, we see the Euro found it difficult to confirm the breach of the 1.2175 resistance level represented by the 23.60% Fibonacci correction as shown on …

Positive moves dominated the euro against the US dollar during the previous trading session. To remind us, we mentioned in the last report that the attempt to breach the resistance level at 1.2115 paves the way for the pair to retest the pivotal resistance level of 1.2175, recording a high …

The dollar trimmed its losses in early European trade after reaching its lowest level in several years against the pound sterling and the currencies of Australia and New Zealand, as bond yields rose in light of progress in Corona’s immunization programs and expectations of an acceleration of economic growth and …

The Euro found a solid support floor near the last official target to be achieved, located at 1.2020, which push it to bounce back up to restore the resistance level mentioned in the previous analysis at 1.2090. Technically speaking, and by looking at the 240-minute chart, we find the pair …

The dollar traded at slightly less than its recent highs, Thursday, February 18th, after it made its first consecutive gains over two weeks, as optimistic data reinforced expectations that the US economy is recovering from the Coronavirus pandemic at a pace that it captured than its peers. Bitcoin traded near …

The Euro managed to achieve the bearish scenario, as we expected and mentioned in the previous analysis, after it confirmed the break of 1.2085, heading directly towards the second official target of 1.2020. Technically speaking, and by looking at the 240-minute chart, we find the pair is stable below the …

The single European currency found a strong resistance level around the first retest target to be achieved and mentioned during the previous analysis at 1.2175, to return again within a bearish path, targeting a re-test of the 1.2080 support level. Technically, and with a closer look at the chart, a …

The dollar fell to its lowest level in three weeks today, Tuesday, while the pound sterling reached its highest level in nearly three years and currencies linked to commodities rose, as progress in the anti-Corona virus vaccination campaigns boosted investors’ hopes for a recovery. The atmosphere of optimism and the …

The technical outlook is as it is, and the moves of the euro against the US dollar were not significantly changed in quiet trading that tended to be positive amid the US market holiday yesterday. In terms of technical analysis, the Euro found a good support floor around 1.2080. With …

The dollar began the week sitting near a two-week low on Monday (February 15th), as traders doubt whether the recovery from the pandemic in the United States will be as fast as expected. Bitcoin is still volatile, as it fell to the low of $45,914.75, a day after reaching a …