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EUR/USD News

EUR/USD News

EURUSD Retreats Beneath 1.2150 in Reaction to $2 Trillion US Stimulus Package

EURUSD Price Analysis – January 14 The EURUSD pair remains on the back foot and retreats beneath 1.2150 to register a European session low of 1.2135 level. At the time of this post, the European currency is hovering up at the 1.2164 level. The new American administration is set to announce a generous stimulus package […]

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EURUSD bounces from the lows

The EURUSD is still very much n a bullish structure and is now retesting the previous lows at the 1.2140 level which is also the 76.4% pullback of the last leg up. We have also hit important short term bearish targets at the 1.618 whilst printing a big bullish divergence at the lows. Should the […]

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EURUSD Tests Low Level at 1.2166 Following Increase in US Yields

EURUSD Price Analysis – January 11 The US Dollar upside correction is gaining traction with the EURUSD pair testing a low level at 1.2166 reflecting a loss of upside momentum as the market registers the lowest level in two weeks. The EURUSD pair has been plunging alongside with increase in US Yields. Key LevelsResistance Levels: […]

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EURUSD Upside Thrust Stays Beneath 1.2350 on USD Recovery

EURUSD Price Analysis – January 7 EURUSD turns negative after the 3rd day in a row upside thrust and stays beneath 1.2350 amidst a moderate recovery of the dollar on Thursday. The upside remains capped by the renewed strength in the US Treasury yields across the curve amid stimulus hopes. Key levelsResistance Levels: 1.2413, 1.2350, […]

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EURUSD Upside Range Proceeds As Bulls and Bears Tussle at 1.2300 Level

EURUSD Price Analysis – January 4 EURUSD continues to rally in an attempt to break higher as bears and bulls tussle around 1.2300. The dollar is losing ground before the opening of the American session. The number of new covid variants registered and the slow spread of the vaccine together with the early elections in […]

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Prevalent Bullish Sentiment Encircles EURUSD at Years End Towards 1.2300 Level

EURUSD Price Analysis – December 31 Buyers of EURUSD are returning to the 1.2300 area at the start of the last day of 2020, however, due to the absence of any new fundamental catalyst, buyers took a short pause and refrained from new heights amid low trading volumes at the end of the year. EURUSD […]

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EURUSD in Search of Further Gains Around the 1.2250/1.2270 Region

EURUSD Price Analysis – December 28 Fresh optimism has propelled the EURUSD towards the 1.2250 level with some strong positive traction on Monday amid sustained USD selling bias. The pair is trying to preserve its intraday gains and in search of further gains around the 1.2250/1.2270 region. US stimulus and a post-Brexit trade deal boosted […]

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Annual Forecast for EURUSD (2021): Anticipated Price Surge to 1.2555 Level Stays Stronger

EURUSD Price Analysis – December 24 Euro Dollar Exchange Rate – EURUSD is expected to trade at 1.22 and higher in 2021 by the end of this quarter. After COVID-19 disrupted financial markets and the global economy in 2020, the US dollar as a whole has weakened. Participants in the European foreign exchange market hope […]

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EURUSD Falls Beneath 1.2200 Amid Strong Growth in US Dollar Demand

EURUSD Price Analysis – December 21 EURUSD fell below the 1.22 level and some subsequent selling could accelerate the corrective fall towards 1.2100. The resumption of the decline in major currencies may be associated with a rebound in the rally in the US dollar against its major counterparts. The US dollar index opened the week […]

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EURUSD Increases Higher for Four Days in a Row to Fresh Multi-Year Highs Past 1.2220 Level

EURUSD Price Analysis – December 17 The major European currency rose to a new 2020 high, surpassing 1.2220 during the London session, continuing its gains for four days in a row. A combination of supporting factors pushed the pair towards the 1.2200 marks, such as progress in stimulus talks and Brexit talks, which are responsible […]

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Author : Michael Fasogbon

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Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.