EUR/USD drops right now only because the Dollar Index stays higher. DXY’s further growth could force the pair to resume its drop. The pair has found temporary support and now it’s fighting hard to stay above the weekly pivot point (1.1768). The US Retail Sales is expected to drop by 0.2% in July versus 0.6% […]
EURUSD Price Analysis – August 16 On Monday, the current bullish surge in EURUSD appears to have met some stiff opposition around the 1.1800 thresholds. The market is in a scenario where investors’ sentiment appears to favor the dollar so far, with the pair on the back foot and somewhat fades Friday’s big advance. Key […]
EURUSD Price Analysis – August 9 The EURUSD pair is holding above 1.1750 level, although a breach below this level would further empower the sellers. The pair fought to consolidate on its brief intraday rally, hovering well within easy reach of its yearly lows around 1.1704 which was reached earlier on March 31st. It fell […]
EUR/USD moves somehow sideways in the short term. It’s located at 1.1796 level higher versus 1.1779 today’s low. The price action signaled that the pair could resume its rebound. It remains to see how the pair reacts around the ECB monetary policy meeting. Definitely, the Monetary Policy Statement and the ECB Press Conference could bring […]
EURUSD Price Analysis – July 19 EURUSD is selling beneath 1.18, increasing its losses amid fears about rising US inflation and the spread of the Delta covid strain. In times of turmoil, the greenback gains from capital flows as the challenges weigh on the market mood. Key LevelsResistance Levels: 1.2050, 1.1975, 1.1870Support Levels: 1.1704, 1.1602, […]
EURUSD Price Analysis – July 5 After recovering at the critical 1.1807 low level, the EURUSD re-entered the mid 1.1800 area, touching the downward moving average (MA 13) on a daily. The US dollar recovers amid a mixed market attitude, while EURUSD is maintaining the lower ground past 1.1850. In the face of a poor […]
EUR/USD has increased in the last hour and now is traded at 1.1905 level higher versus 1.1881 today’s low. Surprisingly or not, the USD has dropped even if the US Existing Home Sales indicator has reported better than expected data. The outlook remains bearish in the short term, but EUR/USD could develop a strong rebound […]
EURUSD Price Analysis – June 21 On Monday, the single currency sheds some of its recent losses, bringing EURUSD back to within striking distance of the 1.1900 barriers. The oversold conditions triggered a bounce at the sub 1.1900 level given the significant Fed-induced selloff that has been in place since late last Wednesday, EURUSD starts […]
EUR/USD seems too oversold to resume its drop, so we may have a temporary rebound. The DXY seems overbought after reaching the 61.8% retracement level. Technically, the pair has developed a potentially bullish signal, but we still need confirmation. Technically, a rebound is natural after the last massive drop. The Euro-zone Current Account and the […]
