Tag Archives: Euro

The Euro struggled to rise above the level of $ 1.18 on Tuesday as hopes for a stimulus package to help those affected by Corona in the United States dashed, dealing a blow to high-risk assets globally, as the increase in Coronavirus cases in Europe pressed the single currency. While …

The Euro achieved remarkable gains yesterday against the US dollar, nullifying the negative outlook as we expected, looking to the stability of trading below 1.1750, as a reminder that we indicated during the previous analysis that trading above 1.1750 will stop the downward trend and lead the pair to an …

The pair was able to retest the 1.1750 resistance level, which was an obstacle in its path, which forced it to move within an expected bearish path. Technically, the intraday moves are witnessing stability below the 1.1720 resistance level, accompanied by the continuation of the negative pressure coming from the …

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 …