Tag Archives: Euro

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 …

The US dollar strengthened for the third day in a row Monday, January 18th, reaching a four-week high amid a case of risk aversion in the currency markets that pushed the Australian dollar and the British pound down. In light of the closure of the US markets on a public …

The euro is trading negatively against the US dollar in the expected bearish context, touching the official target mentioned in the previous analysis 1.2065, to hit its lowest level during early trading for the current session 1.2065. On the technical side, the negative pressures coming from the 50-day simple moving …

Quiet negative trading continues to dominate the euro’s movements against the US dollar, as we expected, touching our first target to be achieved at 1.2110, recording low of 1.2110. Technically speaking, and by looking at the 60-minute chart, we find the 50-day moving average continues to pressure the price from …

We stayed on the fence during the previous analysis due to the conflict of technical signals, explaining that the activation of short positions needs to witness a clear break and stability again below 1.2170, which puts the price under negative pressure with the first target of 1.2130 so that the …

European Central Bank President Christine Lagarde said that the eurozone economy is still on the verge of recovery this year, provided that the general isolation measures taken to confront the Corona pandemic are lifted at the end of March and the vaccines are distributed. Lagarde adhered to the expectations of …

The dollar suffered losses on Wednesday, as declining US yields weakened the momentum generated by its recent recovery and investors cautiously resumed bets that it could continue to slide. Against the euro, the dollar recorded its biggest daily decline in more than a month and declined more than 1% against …