Tag Archives: Euro

The dollar hit its lowest level in two and a half years against major rival currencies on Thursday (December 17th), as risk appetite was boosted by progress towards agreement on a stimulus package in the United States and an accord linked to Britain’s exit from the European Union. On Wednesday, …

After several sessions in a row, we waited to confirm the breach of the resistance level at 1.2175, explaining that the breach of it is a catalyst that strengthens the chances of the upside to visit the awaited target of 1.2225, to record the euro at its highest level during …

The Euro opened its daily trading with a bullish bias, benefiting from consolidation above the psychological barrier support of 1.2100. Technically speaking, with a closer look at the 240-minute chart, we find the RSI indicator started to get bullish momentum, supporting further rise in the pair, and we also find …

The euro held on to its gains on Tuesday, December 15th, as it hovered close to its highest level in two and a half years as investors ignored new general isolation measures to combat Covid-19 virus and focused on the possibility of applying more US stimulus, which would negatively affect …

Narrow-range sideways trades dominate the moves of the EUR/USD pair, which consolidate from the top above the support level of 1.2100 and from downside below the resistance level at 1.2180, and the technical outlook has not changed little. Technically speaking, with a closer look at the 240-min chart, we find …

The European Central Bank (ECB) could be ready to expand its emergency bond-buying program if necessary, according to ECB Board member Fabio Panetta. “The PEPP envelope can be further expanded and extended if warranted by the inflation outlook.”“And we stand ready to adjust all our instruments if downside risks to …

The euro’s movements against the US dollar witnessed a slight bullish tendency, benefiting from stability above the support level of 1.2070, as the current moves in the pair witness a re-test of the 1.2170 resistance level. On the technical side, we find the 50-day moving average that holds the price …

The euro’s movements against the US dollar witnessed a slight bullish tendency, benefiting from stability above the support level of 1.2070, as the current moves in the pair witness a re-test of the 1.2170 resistance level. On the technical side, we find the 50-day moving average that holds the price …

We stayed on the fence during the previous report due to the conflicting technical signals. On the technical side, by looking at the 240-minute chart, we find the stochastic indicator providing negative crossover signals. From here, with intraday trading below 1.2145 and in general, below the 1.2170 resistance level, the …

The euro opened its daily trading with a slight bearish bias, benefiting from consolidating in the support floor of 1.2075 / 1.1070, to witness the stability of the current move above 1.2100. On the technical side, and with a closer look at the 4-hour chart, we find negative signs still …