Tag Archives: Euro

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 …

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 …

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 …

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 …

The Euro was trading positively against the US dollar, after it managed to break the 1.1720 resistance level. Technically, the current moves are stabilizing above 1.1800 and with a look at the 240-minute chart, we find that the SMA 50 is showing a positive motive with the RSI trying to …

EU lawmakers have suspended their talks with representatives of EU governments over the budget and the € 1.8 trillion coronavirus recovery package.

The EUR’s movements were tilted to the positive side during the previous trading session, and we remained neutral in the previous report due to the conflicting technical signals. Technically, looking at the chart, we find that the 50-day moving average has returned to hold the price with positive signals from …

The Euro was calm and tends to be positive during the session, noting that we remained neutral during the previous report due to the conflicting technical signals. On the technical side and by looking at the chart, we find that the 50-day simple moving average has returned to hold the …

The Euro managed to touch the target level mentioned in the previous analysis at the psychological barrier of 1.1800, to hit its highest level at 1.1800. Technically, the aforementioned resistance capped the bullish bias and forced the pair to the downside again, to retest 1.1720. Looking at the chart, we …

The European Central Bank said Tuesday that the profitability of the largest banks in the euro area collapsed in Q2 of the year, although banks managed to keep their bad loan balances low. The bank stated in its quarterly statistics that the return on capital in the first half of …