EUR/USD Technical Analysis The technical outlook of the daily chart of EUR/USD shows that the price is moving towards the 61.8% Fibonacci Retracement level (calculated from a high of May 2021 to a low in September 2022). The descending trendline is acting as initial resistance; a break and closing above this line could spark a …
EUR/USD Reached Critical Resistance, Next Target is 1.1184 Read More »
EUR/USD Technical Analysis The daily chart outlook of the EUR/USD currency pair shows somewhat bullish sentiment. The prices are struggling to move past the initial resistance at 1.10510. A break above this level would strengthen the near-term outlook for EUR/USD. On the downside, the initial support is provided by the black trend line. Below this, …
EUR/USD near-term Outlook is Bullish with 1.10510 Resistance Read More »
EUR/USD Technical Analysis The technical outlook of the daily chart of EUR/USD shows signs of a bullish trend continuation. With the start of the American Trading session, the currency pair EUR/USD reached its 57-week highest level at 1.10956. this level was last seen at the end week of March last year. The price has been …
EUR/USD enjoys fresh gains in American Session, Moving Towards first Resistance 1.11072 Read More »
The H4 chart outlook of the currency pair EUR/USD shows some signs of rejection of lower prices. The appearance of a bullish pin bar candlestick after two red candles is giving hope that the prices will recover in the short term. The EUR/USD prices apparently failed to re-enter the ascending channel, but will they succeed …
EUR/USD is Struggling to Regain Bullish Momentum; Will it succeed? Read More »
EUR/USD Technical Analysis The H4 Chart of the currency pair EUR/USD shows that prices have extended the rally after moving up the 200-period Simple Moving Average line. Since it abandoned the descending channel, it has started making a Higher High pattern. Furthermore, the 50-SMA line is about to cut the 200-SMA line from below, giving …
EUR/USD extends rally towards 1.08500 ahead of FOMC decision Read More »
EURUSD Fundamental Analysis EUR/USD is trading at $1.0642, up by 0.09% in 24 hours. The currency pair bounced from a two-month low because of the broad US Dollar decline and hawkish speculations about the European Central Bank (ECB). Hawkish ECB is helping EUR/USD Last week, the CPI and the Harmonized Index of Consumer Prices (HICP) …
EUR/USD extend gains on Hawkish ECB and weak USD Read More »
EURUSD Fundamental Analysis EUR/USD is trading at $1.0606, down by 0.56% in 24 hours. During European Trading hours, the currency pair EUR/USD was gaining on the strength of EUR amid a positive CPI report. However, during the American Trading session, the forex pair lost its daily gains as the US Dollar gained momentum due to …
EUR/USD vulnerable against Strong USD despite Positive Euro Data Read More »
Don’t let yesterday take up too much of today.
Will Rogers
