Today, the eurozone saw the release of several key economic indicators, including inflation and labor market data, which were eagerly awaited by investors. However, despite the positive results, the EUR/USD currency pair did not reflect the data. The French inflation, while missing its estimates, still showed improvement compared to the December figure, with an actual […]
Bullish momentum decreases in EURUSD market EURUSD Price Analysis – 30 January In case Bulls are unable to pass through the $1.09 resistance level, the price may fall to the $1.07, $1.06, and $1.05 support levels. If buyers exert more pressure, EURUSD can surge past the $1.09 resistance level and go to the $1.10 and […]
On Friday, the EUR/USD currency pair experienced a two-day reversal last week, moving closer to 1.0850. This was primarily due to a negative shift in risk sentiment and expectations of profit-taking before the weekend. Support for the US Dollar was strengthened by positive US macroeconomic data released on Thursday. The US Commerce Department reported an […]
Bullish momentum increases in EURUSD market EURUSD Price Analysis – 16 January Should Bulls be unable to break through the $1.09 resistance level, the price may fall to the $1.07, $1.06, and $1.05 support levels. In case purchasers exert more pressure, EURUSD may break through the $1.09 resistance level, it can then increase to the […]
On Thursday, the EUR/USD currency pair saw an acceleration in its upside, reaching levels last seen in late April 2022, above the 1.0830 mark. This increase is due to a combination of factors, including increased selling pressure on the dollar, which was particularly exacerbated following the release of US inflation figures for December. The US […]
High bullish momentum in EURUSD market EURUSD Price Analysis – 09 January In case purchasers exert more pressure, EURUSD may break through the $1.07 resistance level, it can then increase to the $1.09 and $1.10 levels. Should the Bulls are unable to break through the $1.07 resistance level, the price may fall to the $1.06, […]
The euro-dollar (EUR/USD) pair continues to trade around 1.0600 following the release of the US Federal Reserve’s (Fed) December monetary policy minutes, which revealed that policymakers remain committed to combating inflation and do not foresee a rate reduction in 2023. As a result, the EUR/USD fell to 1.0585 before rising to the current price. The […]
Low bullish momentum in EURUSD market EURUSD Price Analysis – 02 January When the price breaks through the $1.07 resistance level, it can then go on to the $1.08 and $1.09 levels. EURUSD may fall to the $1.06, $1.05, and $1.04 support levels if the Bulls are unable to break through the $1.07 resistance level. […]
Low bullish momentum in EURUSD market EURUSD Price Analysis – 26 December The resistance levels of $1.06 may be broken, and the price may then go on to those of $1.07 and $1.08. If the Bulls are unable to overcome the $1.06 resistance level, EURUSD may drop to the $1.04, $1.03, and $1.02 support levels. […]
