Support Level: 1.0910 – 1.0830 – 1.0710 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD The EUR/USD retreated from daily highs, hitting 1.1053 as the European session ended. The latest week, we have witnessed the US Fed and the ECB increasing rates by 25 bps, though divergence would likely favour the latter. Hence, the EUR/USD […]

Support Level: 1.0910 – 1.0830 – 1.0710 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD EUR/USD comes under further downside pressure and rapidly gives away the initial optimism, returning to the sub-1.1000 region in the wake of another solid prints from the US jobs report on Friday. EUR/USD picks up extra selling pressure after the […]

Support Level: 1.0910 – 1.0830 – 1.0710 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD EUR/USD accelerates the corrective decline and probed the boundaries of the key 1.1000 level on Thursday, where solid contention appears to have emerged. So far, the pair probed once again the boundaries of the 1.1100 barrier just to give away […]

Support Level: 1.0910 – 1.0830 – 1.0710 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD The EUR/USD pair jumped from 1.1045 to 1.1091, reaching a one-week high after the Federal Reserve announced, as expected, a 25 basis points rate hike, and suggested a potential pause. The US central bank raised rates with a dovish twist, […]

Support Level: 1.0950 – 1.0900 – 1.0830 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD The EUR/USD erased losses after the release of US economic data, rising from its weekly lows to levels above 1.0970. The pair is now up for the day, ending a three-day negative streak, ahead of crucial central bank meetings. The […]

Support Level: 1.0960 – 1.0900 – 1.0830 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD The EUR/USD dropped below 1.1000 after the ISM announced that manufacturing activity in April improved. However, it stood in contractionary territory, while a measure of inflation in the same data increased. Therefore, speculations for further tightening by the Fed underpinned […]

Support Level: 1.0960 – 1.0900 – 1.0830 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD The EUR/USD recovered from earlier losses that dragged the pair towards its daily low of 1.0962 and is trading at around the 1.1020s area after inflation in the US proved to be stickier than expected, warranting further tightening by the […]

Support Level: 1.0960 – 1.0900 – 1.0830 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD EUR/USD fades the initial upbeat mood and retreats to the boundaries of 1.1000 the figure on the back of the marked bounce in the Greenback on Thursday. The move lower in the pair came soon after advanced US GDP Growth […]

Support Level: 1.0960 – 1.0900 – 1.0830 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD The Euro has made new 2023 highs against the US Dollar during the US session, on Wednesday, after an upbeat Wall Street open put paid to lingering recession fears, reducing safe-haven demand for USD. Therefore, the EUR/USD pair is trading […]

Support Level: 1.0960 – 1.0900 – 1.0830 Resistance Level: 1.1070 – 1.1180 – 1.1250 EUR/USD EUR/USD dropped below the 1.1000 figure as risk aversion took centre stage in Tuesday’s session. Successive reports that the economy in the US is decelerating, and reignited fears of March’s banking crisis, triggered a flight to safety. Therefore, the EUR/USD […]