Tag Archives: Euro

The resistance levels published during the previous analysis, located at 1.2250, managed to limit the bullish bias to force the pair to retreat again, targeting a re-test of the support level represented by our first target of 1.2150, to record a low of 1.2152. Technically speaking, and by looking at …

The euro and the pound faced pressure against the dollar today, Tuesday, with the outbreak of a new strain of the Coronavirus in Britain, which led to the closure of important trade routes and caused a crisis in supply chains with the close of the deadline for concluding a trade …

Mixed trades dominated the movements of the euro against the US dollar during the previous trading session, heading to touch the first target 1.2150 and approached a few points difference from the second target 1.2110, to record its lowest level at 1.2130. Technically, and with a closer look at the …

The British pound and the euro fell on Monday, as investors searched for a safe haven in the dollar after a new fast-spreading strain of the Coronavirus caused the closure of most parts of Britain and disrupted international shipping activity in light of the fog surrounding Brexit from the European …

Negative trading dominated the movements of the single European currency within the bearish corrective tendency referred to during last Friday’s report, touching the required retest target of 1.2190, to record its lowest level during early trading for the current session at 1.2178. Technically, and with a closer look at the …

The dollar exacerbated its losses, after a week of declining pushing it to its lowest level in two and a half years, as its decline attracted more short sellers seeking to make an easy profit. The dollar index recovered during the session and rose in recent trading 0.2% at just …

The single European currency managed to keep its gains against the US dollar, touching our goal as we expected at 1.2270, recording its highest level during today’s morning trading session, 1.2272. On the technical side, and by looking at the 60-minute chart, we find that there are negative crossover signals …

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 …