Tag Archives: Euro

Limited positive attempts dominated the movements of the EUR/USD pair during the last session’s trading, to retest the psychological barrier resistance level of 1.0500, with the current movements witnessing attempts to consolidate above them. From the point of view of technical analysis today, and with a closer look at the …

ECB’s Christine Lagarde, has cautioned that the United States and the Eurozone should never take the status of their currencies as reserve currency for granted because nations like China and Russia are working to develop their own financial systems.The eighty-year dominance of the dollar as the world’s reserve currency has …

European stocks were affected for the third day in a row on Wednesday by the significant effects on US and European stock returns in general due to the presence of a large number of investors for the idea and thus the severe negative impact of the small run out. The …

Attempts that tended towards a marginal rise witnessed the movements of the EUR/USD pair approaching retesting the resistance level of the 1.0500 psychological barrier, which has been stable below it until now. Technically, and with a closer look at the 4-hour time frame chart, we find that the pair failed …

European stocks extended losses on Tuesday as rising US Treasury yields and the dollar pressured high-risk assets such as stocks and commodities, while a pessimistic outlook from the financial brokerage sector weighed on fashion retail companies. Strong economic data and the US Congress’ approval of a financing bill to avoid …

We remained neutral for the moment during the previous technical report due to the conflicting technical signals, explaining that activating the selling positions depends on the pair’s failure to break through the psychological barrier of 1.0600 resistance, heading to touch the first official target of 1.0500, recording its lowest level …

European stocks began the last quarter of 2023 with modest gains on Monday after the United States avoided entering a government shutdown, while investors awaited factory activity data for indications about the performance of companies in the euro zone. The European STOXX 600 index rose 0.4 percent by 0717 GMT, …

Limited positive attempts dominated the movements of the Euro/Dollar pair at the end of last week’s trading, with several consecutive sessions of decline. As we explained during the previous technical report, the price’s consolidation above the psychological barrier resistance of 1.0600 is a condition for an upward correction. Technically, the …

Negative trading continued to put pressure on the EUR/USD pair within the expected negative outlook, approaching by a few points the target published during the previous technical analysis, at 1.0470, only to record the lowest of 1.0490. On the technical side, today the pair’s current movements are witnessing attempts to …

European stocks rose slightly on Thursday, supported by gains in energy stocks as oil prices rose while investors awaited inflation data from Germany, the euro zone’s largest economy. The European STOXX 600 index rose 0.1 percent by 0705 GMT, after five consecutive sessions of losses, and the German DAX index …