Support Level: 1.0710 – 1.0630 – 1.0500 Resistance Level: 1.0850 – 1.0900 – 1.0950 EUR/USD EUR/USD rebounds from its weekly lows, reclaiming near the 1.0800 figure following US Federal Reserve Jerome Powell’s remarks, in which he opened the door for a pause on the Federal Reserve tightening cycle. In addition, a risk-on impulse dented an […]

Support Level: 1.0710 – 1.0630 – 1.0500 Resistance Level: 1.0850 – 1.0900 – 1.0950 EUR/USD EUR/USD is attempting to correct the heavy selling that has taken place over the course of several days. EUR/USD is currently trading at 1.0773 and is down some 0.66%, traveling between a low of 1.0762 and 1.0848 the high. No […]

Support Level: 1.0810 – 1.0710 – 1.0630 Resistance Level: 1.0900 – 1.0950 – 1.1000 EUR/USD Sellers remain in control of the sentiment around the European currency – and the risk complex in general – and now drag EUR/USD to new lows in the vicinity of 1.0810 on Wednesday. The persevering risk aversion continues to underpin […]

Support Level: 1.0830 – 1.0710 – 1.0630 Resistance Level: 1.0950 – 1.1005 – 1.1055 EUR/USD EUR/USD rapidly abandons the area of daily highs around 1.0900 in response to the sudden bout of strength in the dollar following the release of US Retail Sales. US Retail Sales expanded at a monthly 0.4% in April, coming in […]

Support Level: 1.0830 – 1.0710 – 1.0630 Resistance Level: 1.0950 – 1.1005 – 1.1055 EUR/USD The single currency regains some balance and motivates EUR/USD to rebound from recent multi-week lows near 1.0850, but still unable to recover 1.0900 level and ended the day around 1.0880. In the docket, the European Commission released its updated forecasts […]

Support Level: 1.0830 – 1.0710 – 1.0630 Resistance Level: 1.0950 – 1.1005 – 1.1055 EUR/USD The EUR/USD is falling on Friday, the fourth time in the last five days, extending its weekly losses. The pair is hovering near 1.0850, at the lowest level in a month, consolidating a weekly loss of more than 150 pips. […]

Support Level: 1.0900 – 1.0830 – 1.0710 Resistance Level: 1.0950 – 1.1005 – 1.1055 EUR/USD EUR/USD faces renewed downside pressure in response to the resurgence of the risk aversion and the consequent investors’ move towards the greenback. The selling pressure gathers impulse and flirts with the area of 4-week lows near 1.0900 on Thursday. EUR/USD […]

Support Level: 1.0910 – 1.0830 – 1.0710 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD EUR/USD rallied on the back of the US Consumer Price Index and reached a high of 1.1006 on the day from a low of 1.0941. It trimmed some gains and trading around 1.0980 at the end of US session. Headline […]

Support Level: 1.0910 – 1.0830 – 1.0710 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD The EUR/USD extends its losses on Tuesday past the 1.10 handle, briefly testing last week’s low of 1.0942, but bounced off that price level, above the 1.0950 area. Worries about the US debt ceiling, and a strong US Dollar, weakened […]

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 […]