Tag Archives: Euro

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 …

The euro held on to its gains on Tuesday, December 15th, as it hovered close to its highest level in two and a half years as investors ignored new general isolation measures to combat Covid-19 virus and focused on the possibility of applying more US stimulus, which would negatively affect …

Narrow-range sideways trades dominate the moves of the EUR/USD pair, which consolidate from the top above the support level of 1.2100 and from downside below the resistance level at 1.2180, and the technical outlook has not changed little. Technically speaking, with a closer look at the 240-min chart, we find …

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 …