Tag Archives: Euro

The euro made positive trades against the US dollar during the previous trading session, recording its highest level at 1.1915. On the technical side today, we find the euro now hovering around a strong resistance level of 1.1880 / 1.1885, trying to stabilize it above, and with a closer look …

The dollar fell from its highest in three and a half months today, Tuesday, as US Treasury yields stabilized, allowing gains for riskier currencies such as the British pound and the Australian and New Zealand dollars. The index measuring the strength of the dollar against a basket of other currencies …

The bearish tendency continues to pressure the euro’s movements against the US dollar within a gradual decline to the downside, touching the first target to be achieved last Friday, 1.1920, to hit a low of 1.1898. On the technical side, today the intraday trading is witnessing stability below the previously …

The single European currency fell significantly against the US dollar within the expected negative outlook, touching the second official station mentioned in the previous analysis at 1.1975, to record its lowest level during early trading for the current session at 1.1950. Technically speaking, the pair succeeded in confirming the breach …

The dollar reached its highest level against the yen in 7 months today, Thursday, as it received support from a more regular rise in US Treasury yields ahead of a speech by Jerome Powell, the head of the US Federal Reserve, that may determine the direction the global currency and …

We committed to intraday neutrality during the previous analysis due to the conflicting technical signals, The re-activation of the short positions needs to witness the return of the price below the 1.2065 level. On the technical side, today the euro resumed its decline after finding a strong resistance level around …

The dollar, which is generally considered a safe haven, remained weak on Wednesday, March 3rd, as Treasury yields continued to decline, restoring some calm to global markets and sparking renewed demand for riskier assets. Riskier currencies, including the Australian dollar and the Norwegian kroner, held onto the two-day streak of …

The Euro found a solid support floor around the psychological barrier of 1.2000, which forced it to the noticeable bullish rebound to retest the 1.2065 resistance level again. Technically speaking, and with a closer look at the 4-hour chart, we find that the 50-day moving average remains a hindrance to …

The euro resumed its downward path against the US dollar, as we expected, touching the second target previously reported, located at 1.2020, its lowest level during Asian trading hours for the current session 1.2020. On the technical side, today the current moves are witnessing stability below the previously broken support …

The currency markets witnessed a lot of fluctuations in February, as the US dollar fell sharply over the past month, to fall to its lowest level in nearly two months against a basket of major currencies but quickly returned to correct its course, supported by high bond yields. The dollar …