Bearish momentum increases in EURUSD market EURUSD Price Analysis – 06 February EURUSD may drop to the $1.06, and $1.05 support levels if the Bulls are unable to break past the $1.09 resistance level. Price can jump through the $1.09 resistance level and reach the $1.10 and $1.11 levels if buyers apply more pressure. EUR/USD […]
Following the US Federal Reserve’s (Fed) announcement of its monetary policy decision last Wednesday, the EUR/USD pair increased to its highest level since late April last Thursday, touching 1.1034. Prior to the European Central Bank’s (ECB) decision early on Thursday, financial markets had no time to recuperate, which ultimately caused the euro to decline. EUR/USD […]
EUR/USD was impacted by the European Central Bank’s (ECB) decision to raise interest rates by 50 basis points on Thursday. This move was in line with market expectations, and the ECB confirmed that it plans to raise rates further to bring inflation back to its 2% medium-term target. The central bank has been hawkish in […]
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, […]
