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 …
Read More »Euro: Continues to Rise
The single European currency managed to touch the first target required to be achieved during the previous session at 1.1845, posting a high of 1.1848. Technically, we see the Euro managed to establish a solid support floor around 1.1720, a 23.60% retracement, with the 50-day moving average continuing to hold …
Read More »Euro is Suffering On US Stimulus Package And Covid-19
The Euro struggled to rise above the level of $ 1.18 on Tuesday as hopes for a stimulus package to help those affected by Corona in the United States dashed, dealing a blow to high-risk assets globally, as the increase in Coronavirus cases in Europe pressed the single currency. While …
Read More »Euro: Positivity Needs Assurances
The Euro achieved remarkable gains yesterday against the US dollar, nullifying the negative outlook as we expected, looking to the stability of trading below 1.1750, as a reminder that we indicated during the previous analysis that trading above 1.1750 will stop the downward trend and lead the pair to an …
Read More »Euro: Negative Pressure Persist
The pair was able to retest the 1.1750 resistance level, which was an obstacle in its path, which forced it to move within an expected bearish path. Technically, the intraday moves are witnessing stability below the 1.1720 resistance level, accompanied by the continuation of the negative pressure coming from the …
Read More »Euro is in a sideways, Awaiting New Signals
We were on the sidelines during the previous report, indicating that we are waiting for confirmation of the pair breaking the 1.1720 support level, and the following moves will witness consolidation below the mentioned level. Technically, with trading remaining below 1.1720, the 23.60% retracement as shown on the chart, in …
Read More »Euro is in a sideways, Awaiting New Signals
The euro’s movements against the US dollar witnessed sideways trading in a confined range above the 1.1720 support level and below the 1.1800 resistance level. Technically, looking at the 240-minute chart, we find that the 40-day moving average is pressing the price, meeting around 1.1775 / 1.1770 resistance, and adding …
Read More »Euro is Hovering Around Support, Awaiting New Signals
The European currency fell yesterday to halt the positive outlook, in which we depended on the pair’s stability above 1.1770, and to remind us that we indicated in the previous report that trading below 1.1770 will negate the bullish trend, and we are witnessing a re-test of 1.1720, recording the …
Read More »Euro is Little Changed Against US Dollar
Euro was trading in a narrow sideways range, and its movements against the US dollar did not witness notable change, and the pair maintained the bullish path. The technical outlook remains unchanged, and with a look at 240-minutes chart, we see that the SMA 50 is providing a positive motive …
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