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…
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…
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…
