The single currency continues to fluctuate in the same price range without any change, the current moves are witnessing attempts to recover and consolidate above 1.1720 resistance. Technically, looking at the 4-hour chart, we find that the stochastic is still trading in negative areas and favoring the return of the …
Read More »Euro Fails to Break Resistance
Random positive trading dominated the euro’s movements against the US dollar in light of the US election results, with the euro reaching a peak at 1.1770 and a low around 1.1600. Technically, looking at 240-minutes chart, we find that the pair has returned to consolidate again below the pivotal resistance …
Read More »Euro Continues to Move Towards Negative Targets
The single European currency continues to decline against the US dollar within the expected bearish path. The euro continues to crawl negatively shy off target published in the previous analysis at 1.1620, posting low at 1.1630. Technically, looking at the 240-minute chart, we see that the moving averages continue to …
Read More »Euro Below Support
Negative trading dominated the euro’s movement against the US dollar within the expected bearish path in which we relied on confirming the breach of the 1.1720 support level targeting 1.1620, the pair recorded its lowest price during the previous session at 1.1620. Technically, looking at the 4-hour chart, we find …
Read More »Euro Touches Goals And Testing Support
The single currency fell significantly during the previous session, as we expected yesterday to touch the target at 1.1720, posting a low of 1.1717. Technically, looking at the 4-hour chart, we find that the SMA-50 continues to exert negative pressure on the price, while we find that the pair found …
Read More »The Euro Starts on The Downside
The Euro traded on the negative side against the US dollar, to start pressing the support level published in the previous analysis at 1.1800, noting that trading below the aforementioned support level pushes the pair to continue its decline. Technically speaking, looking at240-minutes chart, we find that the SMA 50 …
Read More »Euro Looking For New Signals
The Euro started the current session with a slight bullish bias, as part of attempts to establish a support floor near the psychological barrier of 1.1800. Technically, looking at the 240-minute chart, we find that the 50-day moving average has returned to hold the price, with stability above the mentioned …
Read More »Euro Loses Momentum Gradually
Trading tended to be negative and dominated the euro’s movements against the US dollar within the scenario of retesting the support as it’s close to the published target located at 1.1775, to settle for a low of 1.1685. Technically speaking, looking at 240-minutes chart, we find that the Euro started …
Read More »EU Sets up Debt Management Office
A European Union official said on Wednesday that the bloc decided earlier this week to create a debt management office to handle its massive bond issues. The official, who refused to be named, added that the establishment of the office came as a result of reorganizing the general administration of …
Read More »Euro Touches The First Target
The single currency traded on a positive note within the bullish path, as we expected, touching the first target 1.1875, reaching the session high at 1.1880. Technically, looking at the 240-minute chart, we see that the simple moving averages continue to hold the price and favor the bullish curve, on …
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