Tag Archives: Euro

The single European currency started its first weekly trading on an upward trend after it succeeded in building a support level at 1.2170, to record its highest level during the early trading of the Asian session at 1.2236. Technically, and with careful consideration of the 4-hour chart, we find the …

The US dollar came under pressure on Monday, heading for losses against the euro and the British pound for the second consecutive month, as traders assess the consequences of higher inflation ahead of monthly jobs data later in the week. The dollar index fell 0.03% to 90.058. On Friday, data …

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating the short positions depends on the confirmation of breaking the 1.2170 support level, which puts the price under negative pressure targeting 1.2120, to move the pair in a bearish context approaching the …

The euro against the US dollar ended the previous trading session without a noticeable change within a sideways bias tilted to the negativity. Technically, and with a closer look at the 4-hour time chart, we find the SMA 50 continues to pressure the price from the top, supporting the occurrence …

The US dollar received support Thursday, May 27th from a belief that the US Federal Reserve is slowly but steadily moving toward a discussion of monetary tightening, while the yuan hit its highest level in three years. Investors are sharply reducing their purchases of dollars, as they expect the trade …

The euro found a strong resistance level during the previous trading session at 1.2170, which managed to limit the bullish tendency to force the euro to retest the support level of 1.2170. Technically, and with a closer look at the 4-hour time frame, we find the 50-day moving average began …

The Euro (EUR) is showing a negative performance against the U.S. Dollar (USD), as the greenback is rising across the board on the back of higher Treasury bond yields and eased reflation fears. Recent remarks by the U.S. Federal Reserve officials suggested that the Fed will be able to limit …

The US dollar stabilized near its lowest level in five months in early trade in London on Wednesday, while the New Zealand dollar rose by more than 1% in light of the country’s central bank hinting at the possibility of a rate hike in September 2022. The dollar index recorded …

The single European currency continues to advance against the US dollar within the expected bullish context during the previous analysis, approaching by a few points the second official target published during the last report at a price of 1.2275, recording its highest level at 1.2270. On the technical side today, …

The dollar floated to the bottom of its range recently today, Tuesday, following weaker than expected US data and the Fed officials’ insistence again that policy will not change to subside investor fears that inflation will lead the central bank to raise interest rates. The sterling rose to return to …