Tag Archives: Euro

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 …

Financial markets await today’s ECB decision on interest rates alongside other monetary policy issues. Markets expect the ECB to remain unchanged. The European Central Bank will leave interest rates and the asset purchase program unchanged but is expected to speak of a strong recovery after the Corona pandemic while expressing …

Mixed trades dominated the euro’s movements against the US dollar during the previous trading session, as the euro’s movements witnessed a negative sideways tendency confined from the bottom above 1.2075 and from the top below 1.2175. On the technical side today, and by looking at the 4-hour chart, we find …

The US dollar faces limited pressure in Asia today, Wednesday, while the euro is receiving some support, as investors are enthusiastic as political tension subsides in Italy, sentiment improves in Germany, and a renewed focus on spending to mitigate the repercussions of the Corona pandemic in the United States. The …

The movements of the euro against the US dollar witnessed a slight bullish tendency during the previous trading session within a rise to the upside, benefiting from building on the support level of 1.2065. Technically, and with a closer look at the 60-minute chart, we find the 50-day moving average …

The European Commission, the executive body of the European Union (EU) seeks to increase the international role of the Euro (EUR), building more independence away from the dominance of the U.S. Dollar (USD), Reuters reported. “With the withdrawal of the UK from the EU, there is a strong need and …

Quiet trading dominated the movements of the euro against the US dollar amid a holiday in the US markets yesterday, to hit a low of 1.2053. Technically speaking, the current trading is witnessing a slight bullish bias due to the return of the price’s stability above the support level of …