Following the pair rebound at support with the 1.1300 level inclusive, the 50-day MA exactly at 1.1319 and an upward movement which has been aiding value activities since ending of November 2021 The market has been moving slowly upwards. At the present, the 21DMA at 1.1346 has been ceiling the in-day profits and at the […]
EURUSD Annual Forecast – The Market Is Expected to Rebound to 1.1650 The annual forecast for EURUSD is towards the 1.1650 resistance zone. The year 2020 was bullish on the EURUSD market. The euro currency gained strength against the dollar. The contrary was the case in the year 2021. The previous year was bearish for […]
EURUSD Price Analysis – January 10 EURUSD is consolidating between key levels at 1.1380 and 1.1230. The market has been faced with overall weaknesses. At the end of August and into early September, the market was overbought. This stochastic reveals that the market was ready to go short. The 9 moving average crossed above the […]
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 […]
