Tag Archives: Euro

The dollar held on Friday, May 7, near its lowest level in a week, as it is under pressure ahead of the release of US jobs data, which is expected to boost hopes for a strong economic recovery after the pandemic and support investors’ appetite for risk. Against a basket …

The euro’s movements are still within a sideways range against the US dollar for several sessions in a row, so we find the pair trying to benefit from the psychological barrier support level of 1.2000 to re-choose the pivotal resistance of 1.2065. On the technical side, the Euro’s movements have …

The single European currency continued its quiet trading in a bearish context, as we expected it gradually approached the first official target published during the previous analysis, 1.1975, to record its lowest price during the previous session at 1.1984. On the technical side, today we witness a stability of the …

The dollar tried to extend its gains Wednesday May 5th amid talk of a possible US interest rate hike and a wave of tech stocks selling undermining risk appetite. Yesterday’s recovery in the dollar pressured the euro, which fell to $1.2021 and threatens to break an important support range between …

The Euro is still trading calmly within a bearish context, as we expected, after it hit the strong resistance published in the previous analysis, located at 1.2065, which forced it to trade negatively, and gradually approached our target. Technically, we will maintain our negative outlook, relying on the negative pressure …

The dollar has turned higher in Asian trading, halting a month-long downturn, as investors are working to see if the major US economic recovery may push interest rates higher, as they await upcoming economic data and policy speeches for indicators. The US currency rose 0.2% against the yen, euro and …

Quiet trading tended to be negative, dominating the euro’s movements against the US dollar in a gradual decline to the downside, reaching its lowest level during the previous session’s trading at 1.2010. Technically speaking today, we see the euro trying to build a base on the support floor of the …

Today, Monday, the dollar clung to its recent rally, as investors were cautious at the start of a week full of central bank meetings and important US economic data to elicit indications of global inflation outlook and the reactions of policymakers. Trading was limited due to a holiday in both …

The single European currency fell significantly at the end of last week’s trading touching support mentioned in the previous analysis in which we aimed to re-test 1.2060, indicating that breaking the aforementioned level leads the euro to extend its losses towards 1.2030, to record its lowest level at 1.2015. Technically …

The dollar rose on Friday (April 30th), extending its gains after optimistic data on the income and spending of US consumers and the manufacturing sector in the Midwestern states. However, the dollar index ends April down 2.1, its biggest loss in one month since December. US data next week, including …