EUR/USD is getting close to the 1.0600 mark today. This is because of the action of downward forces on the USD. Stocks in Europe rose beyond 1%, as it obtains strength from Asian and American counterparts. This made investors reconsider if the central bank will continue with its violent rate increase, as economic development decreases. […]
EUR/USD staged a mild recovery last week after refreshing its May low near 1.0350, closing the week a few points below the 1.0600. The mild bullish momentum was restricted from crossing the 1.0600 mark as sellers defended against any bullish extension. In the last few months, inflation-related concerns have morphed into recession fears as risk […]
EUR/USD continues to rise higher for two days in a row. Although, the pair is still trying to attain the 1.0600 price level because sellers keep causing setbacks for it. EUR/USD was trading around 1.0582 at the time of writing, recording a good upward movement of around 0.18%. Market feelings are favorable, as world equity […]
EURUSD Price Analysis – June 20 In case the bears break down the support level of $1.04, the price may reach support levels of $1.02 and $1.01. Should the buyers defend the support level of $1.04, the price may increase above the resistance level of $1.06, then, price may increase to test the resistance level […]
Central banks across the globe have been responsible for the recent volatility pump into the FX market, as the EUR/USD pair whipsaws between 1.0350 and 1.0800. Fiber ended last week’s session around the mid-point of this range at 1.0500, as dollar traders remained torn between inflation fears and demand for safety. Last week, the US […]
EUR/USD price action slides to about 1.0520, during a change in the risk-off push. However, traders are waiting on the publication of the Eurozone HICP and Fed: Powell’s Statement for directions. A preparatory assessment of Eurozone HICP is a stabilization of the previous publication. The Euro area upward forces have swapped attention to the HICP: […]
EURCHF Analysis- June 14 EURCHF bear continues to break down as buyers were unable to break through the 1.04950 key zone. As a result of 1.04950 being a strong resistance point on the Kiwi price, the buyers were unable to sustain themselves above this region. What was witnessed was a strong reversal. And as the […]
The EUR/USD pair recorded a predominantly bearish week to close its weekly candle near the 1.0500 inflation fears triggered risk flight. Most macroeconomic data highlighted worsening price increases and economic growth, prompting investors to flock to safer assets. The European Central Bank (ECB) played the most critical role in the dollar’s bullish performance last week […]
The euro extended its losses in the London session on Tuesday but remained close to its highest point in the month as it moves towards closing its best year in 2022. This comes amid raging inflation data that could prompt the European Central Bank (ECB) to increase its lending rates. In Germany, consumer prices increased […]
