Support Level: 1.0860 – 1.0800 – 1.0730 Resistance Level: 1.0950 – 1.1000 – 1.1100 EUR/USD The European currency now trades with marked gains and pushes EUR/USD to revisit daily highs in the 1.0950 band on Thursday. Indeed, spot sees its daily upside exacerbated after President Christine Lagarde advocated for an extra rate hike in July, […]
Support Level: 1.0860 – 1.0800 – 1.0730 Resistance Level: 1.0950 – 1.1000 – 1.1100 EUR/USD The European currency now trades with marked gains and pushes EUR/USD to revisit daily highs in the 1.0950 band on Thursday. Indeed, spot sees its daily upside exacerbated after President Christine Lagarde advocated for an extra rate hike in July, […]
Support Level: 1.0730 – 1.0630 – 1.0500 Resistance Level: 1.0830 – 1.0900 – 1.1000 EUR/USD The Euro finds demand on Tuesday as investors adjust their positions while preparing for the highly-anticipated central bank policy announcements. The EUR/USD pair gathered bullish momentum and climbed above 1.0800 for the first time in three weeks. The Euro’s performance […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0790 – 1.0850 – 1.0900 EUR/USD EUR/USD pares some of its earlier gains, still trading in a positive territory amidst a busy week in the economic agenda, with major central banks set to adjust their monetary policies. The US Dollar strengthened ahead of Wednesday’s Fed decision […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0790 – 1.0850 – 1.0900 EUR/USD EUR/USD reversed its course after Thursday’s jobs report in the US justified the Fed view for skipping a rate hike. Additionally, recent data from Canada pointed to a softening labor market, atoning with recent unemployment claims in the US. The […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0790 – 1.0850 – 1.0900 EUR/USD EUR/USD soars sharply past the 1.0750 area on Thursday after less stellar jobs data in the United States (US) weakened the US Dollar. That said, the EUR/USD is trading at around 1.0770s after hitting a daily low of 1.0692 Before […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0780 – 1.0850 – 1.0900 EUR/USD EUR/USD bounces off the 200-day Exponential Moving Average and climbs above the 1.0700 handle due to ECB official hawkish commentaries boosting the Euro. Meanwhile, the US Dollar dives as expectations for Fed’s June rate hike fade. The EUR/USD is trading […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0780 – 1.0850 – 1.0900 EUR/USD EUR/USD witnessed a vertical fall after retreating from 1.0733 in the early New York session. The major currency pair has dropped to near 1.0670 after the release of weaker-than-anticipated German Factory Orders, Eurozone Retail Sales, and an upbeat US Dollar. […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0780 – 1.0850 – 1.0900 EUR/USD EUR/USD erases some of its previous losses, sponsored by weaker orders in factories in the US, alongside mixed ISM readings. European Central Bank President Christine Lagarde and other policymakers’ hawkish comments also lifted the Euro. The EUR/USD is trading at […]
Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0780 – 1.0850 – 1.0900 EUR/USD EUR/USD slumps from weekly highs reached as a knee-jerk reaction to a solid US jobs report, driving the pair towards 1.0779 before sliding toward daily lows. The labor market in the United States stayed strong but saw slight signs of […]