EUR/USD is the talk of the town as the pair continues to trade above the yearly high of 1.1033 against the US dollar. The bullish move is largely driven by the interest rate differential between the German 10-year bund yield and the US 10-year Treasury yield. In other words, investors are betting on the euro, […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY has broken through the resistance at level 145.00 as it aims for 150.84. Since March 1, the bulls have had trouble breaking through the resistance at level 145.00. On April 10, however, the bulls managed to overcome the […]
The EUR/USD currency pair held steady at 1.0900 on Friday following the release of mixed US jobs data. The euro (EUR) has had a decent week, with gains of 0.61%, but it failed to reclaim the 1.1000 level. The US Department of Labor released March’s job report, which showed that payrolls rose by 236K, slightly […]
The euro gained ground against the U.S. dollar on Thursday, breaking above the key 1.09 level and challenging this month’s high. The rally was driven by a combination of factors, including upbeat risk sentiment, a weaker greenback, and stronger-than-expected inflation data from Germany. The main catalyst for the euro’s rise was the release of the […]
Traders, you might want to keep an eye on the EUR/USD currency pair as it continues to rise. Since September 2022, the pair has been on a steep uptrend, thanks to a hawkish European Central Bank (ECB) and a weaker US dollar. The ECB has remained committed to raising rates until inflation shows significant signs […]
Bulls are dominating EURUSD market EURUSD Price Analysis – 13 March EURUSD may increase to the $1.09 and $1.10 resistance levels if the Bulls are able to break above the $1.07 barrier level. The $1.04 and $1.03 levels may be reached if sellers apply more pressure, pushing the price past the $1.06 support level. EUR/USD […]
Bullish momentum may increase in EURUSD market EURUSD Price Analysis – 06 March In case Bulls are able to break above the $1.07 resistance level, the price may rise to the $1.09, and $1.10 resistance levels. If sellers exert more pressure, EURUSD may move past the $1.06 support level and hit the $1.04 and $1.03 […]
The euro took a bit of a tumble on Thursday as inflation in the eurozone dropped to 8.5% in February, down from 8.6% in January. This drop came as a bit of a surprise to investors, who had been expecting inflation to remain high based on recent national readings. It just goes to show that […]
The EUR/USD exchange rate has been volatile in recent weeks, with the pair fluctuating between 1.06 and 1.21. The latest data on Eurozone inflation indicate that annual inflation has dropped to 8.6% in the euro area and down to 10.0% in the EU. The decline is due to a fall in energy prices, which has […]
