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 […]
EURUSD Price Analysis – April 5 Early in the European session, the EURUSD pair surrenders its uptick beneath the mid 1.1700 level. The pair extended its decline in attempting to plunge the 1.1700 floors. Investors focused on quicker economic growth after the US employment report released Friday overtook forecasts, keeping the market upbeat. Key LevelsResistance […]
EUR/USD found strong support right above 1.17 psychological level and now it has turned to the upside. Technically, a temporary rebound could be natural after the most recent massive drop. Still, you should be careful as the US NFP, Unemployment Rate, and the Average Hourly Earnings could bring high volatility later today. EUR/USD rallies in […]
EURUSD Price Analysis – March 22 Despite an earlier improvement in the overall EURUSD outlook, the pair came under pressure as the price tanked towards a low level at 1.1870. EUR is holding well, however the pair can fall on a break below 1.1870 although posting a limited downside we can see a reversal from […]
Key Support: 1.1910 Key Resistance: 1.1940 – 1.1970 – 1.1990 Mid Term View The EURUSD has been falling for the past 3 weeks, about 3.36% (410 pips), but last week we saw a bottom at the test of the 1.1820 level. Now that price is trading above the 1.1910 (which confluences with the weekly pivot), […]
The recent market risk sentiment boost that spurred the S&P 500 to new record highs, caused the US to raise $120 billion in coupon sales and prompted the European Central Bank (ECB) to promise to “significantly” boost bond purchasing programs, appears to have fizzled out ahead of the weekend. Meanwhile, the US dollar index (DXY) […]
Leaving monetary policy unchanged, the ECB indicated that it will increase asset purchases in the coming months. The move is in response to rising bond yields, which could tighten financial conditions. In terms of economic development, the central bank attributed the likely decline in 1Q21 to high levels of coronavirus infections, mutations, and restrictions. However, […]
EURUSD Price Analysis – March 9 The EURUSD plunged to a low of 1.1835 level early in the European session on Tuesday hitting the lowest level in months. At the time of this post, the pair rebounds from the low as loss of near term downward momentum is likely to keep price above mid 1.1800 […]
Will the 2020 United States presidential election upheave the markets? Part 2 What really happened in the markets when the results of the last US presidential elections started coming out? This piece is sequel to the article titled: “Will the 2020 United States presidential election upheave the markets?”. I said nothing new, nothing unprecedented would […]
