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…
US Dollar analysis Dollar index: After reaching a low point in early January we see recovery buds, will they continue or is it just preparation for another move down In December last year I post this: is the dollar about to make a U-turn or is this just the beginning I recommend you read this post because there are goals for…
Forex Technical Analysis The U.S. Dollar stays very vulnerable and struggled for lower numbers against a basket of major currencies As optimism increased demand for risk assets and by a positive movement toward a coronavirus vaccine US dollar index (DXY) close to dropped to 30-month low trading at $91.10, which is close to its lowest level since May 2018. The US…
forex technical analysis The U.S. Dollar trading lower against a basket of major currencies As optimism increased demand for risk assets and by a positive movement toward a coronavirus vaccine and the European Union is passing of a massive stimulus US dollar index (DXY) dropped to 18-month low trading at $95.11, which is close to its lowest level since January…
eurusd comeback or its just correction time eurusd was pushed higher after last Friday NFP result, Friday close and a move to new day highs. earlier in the Asia-Pacific session, the price found support buyers in 1.0920 area. Fed’s Fischer suggests September rate hike not a done deal “The interesting situation in which we are is that employment has…
2 facts about eurusd that will improve your trading eurusd was pushed lower after failure to break above 1.1460 levelIn the long term, a projection target stay under 1.00, proving that a bearish breakdown of the monthly demand level at 1.0550 occurs.Multiple ascending bottoms were established around the levels of 1.0460, 1.0550, 1.0640 ,1.0720-80 ,1.0820-90. These levels corresponded to the…
