The opening week of 2022 came with some surprises for the forex market but made little dent on the euro/dollar pair. The most notable shocker came after the US Federal Reserve, according to the released Minutes from its December meeting, noted that it plans to taper its bond holdings over the coming months. The US […]
EURUSD Price Analysis – December 3 EURUSD is trapped in a ranging market between major zones. The price is now moving sideways without a defined direction on the daily time frame. The market is seen to continuously form corrections after impulses. During October into mid-November, the market was in consolidation. The major levels formed resistance […]
EUR/USD, currently bought and sold below the tops of the week around 1.1330, during controlled, holiday slimmed trading situations. The market was traded with a moderate positive bias this week in the midst of big risk situations, which looks very heavy and seems to be properly held in place above 1.1330. Truly, the 21-day moving […]
EURUSD Price Analysis – December 28 EURUSD is indecisive as it remains confined in consolidation above the 1.12020 significant level. EURUSD is being confined from above by the 1.13840 resistance level. The market remains indecisive as to whether to effect a U-turn or plunge further. Sellers and buyers, therefore, can be said to be at […]
EUR/USD Significant LevelsResistance Levels: 1.1800, 1.2000, and 1.2200Support Levels: 1.1300, 1.1200 and 1.1100 EUR/USD Price Long-term Trend: BearishEUR/USD is in a downtrend but it faces rejection at 1.1350. On December 13, the market declined to level 1.1221 as bulls bought the dips. The currency pair is resuming upward after the last bearish impulse. Similarly, on […]
EUR/USD traded on an upbeat sentiment on Wednesday as the dollar (DXY) repositions ahead of the Fed verdict. Meanwhile, “Super Thursday” will play a critical role in the euro’s near-term price action due to the upcoming ECB meeting. That said, central bank divergence themes will drive the near-term price direction for the pair. The EUR/USD […]
EUR/USD Significant LevelsResistance Levels: 1.1800, 1.2000, and 1.2200Support Levels: 1.1300, 1.1200 and 1.1100 EUR/USD Price Long-term Trend: BearishEUR/USD has been in a downtrend since June as pair looks oversold. Buyers have pushed the currency pair to its peak price of level 1.2200 on December 14, 2020. The pair dropped to level 1.1704 because the market […]
EURUSD Price Analysis – December 7 EURUSD Bulls make a significant market movement to put an end to the ongoing bearish regime. Having tried unsuccessfully to stop the bearish regime at different price stops, buyers have raised yet another stop to prevent the market from falling further. As the price falls to the significant level […]
EURUSD Price Analysis – December 6 The EURUSD pair continued selling on rallies, taking advantage of the circumstances, and reached a low of 1.1266. The pair has been trading with a selling bias and has just swung back to the south of the daily chart, where it is currently trading 0.21 percent down on the […]
