Tag Archives: Euro

At the conclusion of last week’s trading, the EUR/USD pair exhibited a mixed performance, characterized by limited positive attempts. Notably, the pair struggled to breach the psychological barrier resistance level of 1.0600, remaining stable below it and reaching its highest point at 1.0597. A closer technical analysis on the 4-hour …

A downward trend within the expected bearish path dominated the EURUSD pair’s movements. It approached the first target of 1.0500 and posted its lowest level at 1.0520. The technical aspect today indicates the possibility of resuming the bearish tendency, relying on the stability of intraday trading below the resistance level …

The US economy expanded at an annualized rate of 4.9% during the third quarter, surpassing market consensus of 4.2%. The report also revealed a lower-than-expected core Personal Consumption Expenditure (PCE) price index, which increased demand for bonds. Other data showed a rise in Continuing Jobless claims to 1.79 million, reaching …

EUR/USD experienced a daily low of 1.0521 and recovered towards the 20-day SMA, around 1.0560. The Euro faced selling pressure after the ECB held rates steady, and Christine Lagarde acknowledged the Eurozone’s economic struggles. The USD gained momentum on strong Q3 GDP data, but lower US yields limited the upwards …

European stocks fell on Thursday due to rising US Treasury yields and a series of weak earnings reports, before the European Central Bank announced its monetary policy decision later on Thursday. By 0707 GMT, the European STOXX 600 index fell 1.1 percent following Wall Street’s decline on Wednesday, with long-term …

Negative trading dominated the movements of the euro against the US dollar, invalidating the bullish scenario expected during the previous report, in which we relied on the stability of intraday trading above the level of 1.0570 at the time the report was issued, clarifying that sneaking below 1.0560 constitutes a …

The European Central Bank (ECB) is scheduled to announce its monetary policy decision on Thursday, October 26, at 12:15 GMT. As the release time approaches, economists and researchers from major banks have shared their expectations. The ECB is widely anticipated to maintain its current interest rates unchanged. This expectation comes …

As we expected, the EUR/USD pair has traded positively since the beginning of the previous trading session within the bullish path, gradually rising to its highest level at 1.0694. Technically, the euro found strong resistance near the psychological barrier of 1.0700 during mid-trading, which forced it to trade negatively to …

European stocks rose on Tuesday, October 24, supported by large profits achieved by heavyweight companies such as the luxury goods giant Hermes and the Italian bank UniCredit, as well as gains in the mining sector resulting from the rise in metal prices. The European STOXX 600 index rose 0.2% by …

After several successive sessions of movement within a sideways price range, the euro succeeded in confirming the breach of the resistance of the psychological barrier 1.0600, heading to touch the official target required to be achieved during the previous technical report at the price of 1.0670, recording its highest level …