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 […]
EUR/USD has decreased a little in the short term but the bias remains bullish. The price has retested the weekly pivot point and now it looks ready to trade higher. The DXY is under big pressure right now ahead of the US inflation data released tomorrow. Today, the German Trade Balance increased from 14.0B to […]
EURUSD Price Analysis – June 7 The EURUSD pair has so far failed to break over the 1.2250 upside barrier in the last trading week and is currently trading below it. Currently, the pair is holding gains above the 1.2150 zone. In the near term, a move towards a consolidative phase is possible, especially ahead […]
Key Support: 1.2180 Key Resistance: 1.22 – 1.2235 – 1.2260 The EURUSD dipped last Friday’s on some very bullish USD momentum pre NY open to test the long term bullish structure and the previous week’s lows. The USD remains very much fundamentally under pressure and last Friday the DXY faked out of a massive resistance […]
