Tag Archives: Euro

The dollar won and risk-sensitive currencies fell, after an attack on indebted stocks by hedge funds in the United States dampened investor confidence and boosted demand for safe-haven currencies. Movements in the foreign exchange markets were moderate, as the dollar is still near trading levels it recorded in recent times, …

Negative trading dominated the moves of the euro against the US dollar within the expected bearish path, in which we relied on confirming a break of 1.2120 in his way to touch the first official leg of the break 1.2065, recording its lowest price at 1.2058. Technically, and with a …

The dollar rose against a basket of currencies on Wednesday, January 27th, as markets awaited comments by US Federal Reserve Chairman Jerome Powell, who is likely to renew his commitment to a super-easing policy. The dollar compensated for declines against riskier currencies, even as hopes for a pandemic recovery received …

The single European currency continues its gradual decline to the downside, to start pressure on the support level published during the previous analysis at the price of 1.2120. Technically, and with a closer look at the chart at a 240-chart, we find the negative pressure coming from the 50-day moving …

We committed to the intraday neutrality during the previous analysis due to the conflicting technical signals. Technically, and with a closer look at the 240-minute chart, we find the negative pressure coming from the 50-day moving average, and we find that the RSI indicator began to gain bearish momentum on …

The President of the European Central Bank (ECB), Christine Lagarde, expressed a positive sentiment towards this year being one of economic recovery from the impact of the Coronavirus pandemic. Lagarde’s remarks came during a panel discussion during the Davos Agenda summit on Monday, CNBC reported. “Our hope is that still …

The recovery of sentiment in global markets led to the dollar’s decline, while riskier currencies strengthened after optimism about US President Joe Biden’s plans to stimulate the effects of Covid-19 outweighed. The market sentiment appeared more cautious at the end of last week, as European economic data revealed that the …

Narrow sideways trading is still dominating the euro’s movements against the US dollar, confined from the bottom above the support level of 1.2100 and from above below 1.2200. On the technical side today, we find the pair started its weekly trading on a slight upward slope, trying to benefit from …

The dollar settled in a cautious Asian session on Friday, January 22nd, but it is heading towards its worst weekly performance since the start of the year as investors welcome Joe Biden’s management by buying higher-risk assets. Against the Japanese currency, the dollar has fallen 0.3% this week and retreated …

We committed to the intraday neutrality during the previous analysis due to the contradictory technical signals, to find the Euro is still trying positively within a weak bullish slope attacking the resistance level at 1.2175. Technically, and by looking at the 4-hour interval chart, we find the simple moving averages …