EURUSD Price Analysis – May 24 The EURUSD is stuck between February’s high of 1.2243 and a long-term restricting horizontal barrier line, which if broken would open the way to the top of a larger uptrend that began in March 2020. The EURUSD indecisive market lacks follow-through buying beyond 1.2245 barriers. Overall, the safe-haven USD […]
EURUSD Price Analysis – May 17 Buyers of the EURUSD are set to return the pair towards the 1.2200 area after Friday’s advance. As it attempts to range the price continues to rally to break higher the 1.2150. The dollar is being weighed down by falling US Treasury yields. Key LevelsResistance Levels: 1.2272, 1.2243, 1.2190Support […]
EUR/USD has decreased a little today to retest the weekly pivot point and now it seems determined to resume its growth. The bias is bullish as the DXY is bearish. DXY’s further decline signals that the US dollar should depreciate versus its rivals. The pair could resume its growth after some poor US data reported […]
EURUSD Price Analysis – May 3 Euro remains on the defensive after dips were contained above the 1.2000 level early during Monday European session. The EURUSD holds low at 1.2013 as buyers struggle to retake control of the trend. Concerns about Europe’s recovery, as well as hawkish Fed remarks, may hold the pair under pressure. […]
EURUSD Price Analysis – April 26 As the third week of gains progresses, and Friday’s close above the daily cloud top adds to the optimistic sentiment, the pair retains a strong buying tone floating around a two-month high at 1.2116 at the time of writing. Another positive trend is the loosening of sanctions in Italy […]
EUR/USD moves sideways in the short term trying to accumulate more buying energy before jumping towards new highs. The pair rallies as the US Dollar Index plunged in the last hours. EUR is strongly bullish again as the Euro-zone Flash Services PMI and Flash Manufacturing PMI have come in better than expected earlier. The services […]
EURUSD Price Analysis – April 19 The early analysis points to a growing chance that EURUSD bursts above 1.2050 level in the new week. After the pair surged through the psychological 1.20 barrier and hit the highest since Mar 4 on Monday. Today’s action is underpinned by dropping bond yields, making the greenback less attractive. […]
EURUSD Price Analysis – April 12 From early session tops around the 1.1904 mark, the EURUSD has receded to approach mid 1.1800 level during Monday morning trading. The dollar started the week on a stronger note as Fed’s bullish remarks lent some support to the greenback. Key LevelsResistance Levels: 1.2190, 1.2050, 1.1952Support Levels: 1.1800, 1.1693, […]
EUR/USD is traded near a strong resistance area, so a sell-off could appear soon. The price action has a printed bearish engulfing which is seen as a reversal pattern. As you already know, the USD was into a corrective phase versus its rivals as the USDX retreated a little. Though, the US Dollar Index maintains […]
