Tag Archives: Euro

The single European currency declined noticeably against the US dollar within the expected bearish path during the previous analysis, in which we relied on confirming the breach of the 1.2170 level, continuing the gradual decline to the downside, recording the lowest level at 1.2112. Technically speaking, and with the pair’s …

The dollar rose today as traders awaited a batch of US economic data that may determine the direction at the central bank meetings later this month. Investors are betting that the dollar will fall as the world recovers from the Covid-19 pandemic, but they have recently become concerned about whether …

EUR/USD witnessed a bullish bias during the previous trading session, but still a limited bullish, so far the pair has found it difficult to breach the resistance level published in the previous analysis 1.2245, which we explained as one of the conditions for the continuation of the rise. Technically, by …

The European Central Bank (ECB) said on Wednesday that creating a digital Euro (EUR) could boost global demand for the currency, making it easier for broader use, Reuters reported. “Safety, low transaction costs and bundling effects, could ease international adoption of a currency.” “Transparency or selective privacy would enable better …

The dollar clung to its slight gains during Wednesday, June 2, rising from its lowest levels in nearly five months against other major currencies, as the improvement in industrial production in the United States led to continued speculation that the Federal Reserve would return to adopting usual policies quickly. The …

The movements of the euro against the US dollar witnessed a bullish bias during the previous trading session, but still a limited bullish, so far the pair has found it difficult to breach the resistance level published during the previous analysis 1.2245, which we explained as one of the conditions …

Eurozone inflation rose above the European Central Bank’s target in May, highlighting a challenge for policymakers who may accept higher prices for now but may face a backlash from angry consumers. Inflation in the 19 countries that deal in the euro accelerated to 2% in May from 1.6% in April, …

The dollar hovered near a five-month low on Tuesday, June 1 as investors awaited eurozone inflation data and the US manufacturing sector survey, while the yuan stabilized after China’s central bank adopted steps to stem its rally. The dollar index returned to decline from the level of 90 in European …

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 …