Tag Archives: Euro

The European Central Bank (ECB) could be ready to expand its emergency bond-buying program if necessary, according to ECB Board member Fabio Panetta. “The PEPP envelope can be further expanded and extended if warranted by the inflation outlook.”“And we stand ready to adjust all our instruments if downside risks to …

The euro’s movements against the US dollar witnessed a slight bullish tendency, benefiting from stability above the support level of 1.2070, as the current moves in the pair witness a re-test of the 1.2170 resistance level. On the technical side, we find the 50-day moving average that holds the price …

The euro’s movements against the US dollar witnessed a slight bullish tendency, benefiting from stability above the support level of 1.2070, as the current moves in the pair witness a re-test of the 1.2170 resistance level. On the technical side, we find the 50-day moving average that holds the price …

We stayed on the fence during the previous report due to the conflicting technical signals. On the technical side, by looking at the 240-minute chart, we find the stochastic indicator providing negative crossover signals. From here, with intraday trading below 1.2145 and in general, below the 1.2170 resistance level, the …

The euro opened its daily trading with a slight bearish bias, benefiting from consolidating in the support floor of 1.2075 / 1.1070, to witness the stability of the current move above 1.2100. On the technical side, and with a closer look at the 4-hour chart, we find negative signs still …

Negative trading dominated the moves of the euro against the US dollar yesterday within retesting the support published in the previous analysis, touching the first required target at 1.2100 and approaching a few points difference at the second target 1.2065, to record its lowest level during the previous session 1.2077. …

After several consecutive sessions of rise, the single European currency found a strong resistance level around 1.2180, which we referred to in the previous analysis as a prerequisite for continuing the required rise. On the technical side, the pair started its first weekly trading on a slight bearish slope, and …

The euro continues to maintain its gains against the US dollar over several sessions in a row, heading to visit the first goal to be achieved during the previous session at 1.2150, and approaching a few points difference from the second target of 1.2180, to record a high of 1.2175. …

The bullish trend is still dominating the euro’s movements against the US dollar within the expected bullish path, touching the third target located at 1.2130, posting high at 1.2127. Technically speaking, and with a closer look at the 4-hour chart, we find that the simple moving averages continue to support …

The single European currency continues to achieve gains against the US dollar within the bullish path, as we expected, touching the second target to be achieved yesterday, located at 1.2080, posting its highest level at 1.2083. Technically, and with a closer look at the 240-minute chart, the moving averages are …