EUR/USD Technical analysis The technical outlook for EUR/USD depends on the timeframe being considered. In the short term, the pair may experience some volatility as traders respond to changes in market sentiment and economic data releases – we may see a very fast move towards 1.1180 1.1230 resistance and even to 1.1340 -1.1370 when the pair break above 1.1090 on…
Forex Technical Analysis The U.S. Dollar recover big time against a basket of major currencies as pessimistic increased demand for risk assets and by chance to increase rates in 2022-2023The US dollar index measures the performance of the dollar against a basket of global currenciesUS dollar index (DXY) recover from 30-month low trading at $89.40, and trade now at 92.30$Since…
EUR USD TECHNICAL ANALYSIS FORECAST EURUSD is currently stranded between two strong barriers 1.2070-1.2560, the US Dollar might still be weakened by US-China trade tensions that could actually put additional upward pressure on the Euro, but don’t forget that we have this week non-farm payroll data us, this event could cause large movements on forexYou can clearly see the long…
FOREX TECHNICAL ANALYSIS EUR/USD EUR/USD as others currencies failed to stay upper levels during last weeks, we saw 1.2340 key support was taken down – this is not a good sign for more upper moves, also two times eurusd being rejected by 1.2560+_ price level.for short – medium term the eur/usd now is on the downside move , Sustained trading…
FOREX TECHNICAL ANALYSIS FOR THIS WEEK EUR/USD rose last week and set top for three years, so now there is one way to the areas I mentionSucceed to take out 1.2091 resistance and retreated, break up again on daily basis 1.2091 price level will confirm medium term rally resumption and target next key Fibonacci level at 1.2360/2560.However, sustained price below…
EUR/USD price technical analysis update Markets received further positive signs about the euro-zone economies. Spain and Germany saw a drop in the number of the jobless, PMIs continued looking good and even inflation was ok, but EUR/USD confirms a ceiling near 1.2080-90 region- Additional details from the latest US jobs report revealed that unemployment rate held steady at a 17-year…
EUR/USD price technical analysis update According Mario Draghi, President of the ECB, at the ECB Forum on Central Banking, Sintra, 27 June 2017 there are parameters to improving economic conditions, we have now enjoyed 16 straight quarters of growth, with the dispersion of GDP and employment growth rates among countries falling to record low levels. If one looks at the…
Will the euro going to meet 1.10 price area Monday kicks off with the result of the French presidential first round; Macron was seen winning the first round of the French election, ahead of Marine Le Pen who is widely seen as being the Euro-negative candidate.The latest exit poll has Macron with 23%, while Le Pen won 22% of the…
EUR/USD Price Technical Analysis Forecast EUR/USD approaches 1.085 area, Breakdown 1.050 will target 1.0460 key support zone, and break of 1.0461 will confirm the bearish case will continue EUR/USD Technical Analysis EUR/USD also produces a bowl patternWhen the resistance level is located in the 1.082 area, a break of this level will send it to deal with my 1.10 +…
EUR/USD Price Technical Analysis Forecast Update EUR/USD failed to stay above 1.085, closed last week at 1.0564. Break down 1.050 will target 1.0460 key support zone, break of 1.0461 will confirm the bearish case will continueECB stepped up to the plate on Thursday, at the same time prepared the markets for a tapering of bond purchases by embedding the decline…
