Support Level: 1.0700 – 1.0630 – 1.0520 Resistance Level: 1.0800 – 1.0930 – 1.1030 EUR/USD EUR/USD snaps two straight days of losses and climbs after hitting a daily low of 1.0744 amidst a subdued session. Despite high US Treasury bond yields, risk-appetite improvement and a softer USD opened the door for further Euro upside. At […]

Support Level: 1.0700 – 1.0630 – 1.0520 Resistance Level: 1.0800 – 1.0930 – 1.1030 EUR/USD As the New York session finished, EUR/USD fell 0.64% or 69 pips. A risk-on impulse did not help the Euro, which, pressured by a banking crisis threatening to spread to the Eurozone, weakened the shared currency. At the time of […]

Support Level: 1.0800 – 1.0700 – 1.0630 Resistance Level: 1.0930 – 1.1030 – 1.1100 EUR/USD Consumer sentiment in the Eurozone weakened modestly with the Consumer Confidence Indicator edging lower to -19.2 in March’s flash estimate from -19.1 in February. This reading came in weaker than the market expectation of -18.3. This data doesn’t seem to […]

Support Level: 1.0800 – 1.0700 – 1.0630 Resistance Level: 1.0930 – 1.1030 – 1.1100 EUR/USD The US Dollar is falling sharply on Wednesday following the Federal Reserve meeting. The EUR/USD climbed so far more than a hundred pips and printed monthly highs above 1.0900. It trimmed some gains and back to 1.0850 area to ended […]

Support Level: 1.0700 – 1.0630 – 1.0550 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD EUR/USD extends its rally to four consecutive days, spurred by an improvement in market sentiment after a two-week turbulence in the financial markets. Woes linked to the banking system crisis eased after UBS took over Credit Suisse, and US banks […]

Support Level: 1.0630 – 1.0550 – 1.0500 Resistance Level: 1.0760 – 1.0800 – 1.0930 EUR/USD The EUR/USD breaks the 1.0700 barrier and climbs 0.50% after hitting a daily low of 1.0631. An improvement in market mood and ECB speakers lend a hand to the Euro, while the USD continues to weaken across the board. At […]

Support Level: 1.0600 – 1.0510 – 1.0440 Resistance Level: 1.0685 – 1.0760 – 1.0800 EUR/USD Financial markets were on a bumpy road this week amid concerns about the banking sector’s health. The EUR/USD pair traded between 1.0515 and 1.0759 to settle above the 1.0600 mark, marginally lower from Monday’s opening. Later on Friday, Industrial Production […]

Support Level: 1.0510 – 1.0440 – 1.0300 Resistance Level: 1.0640 – 1.0700 – 1.0760 EUR/USD EUR/USD is higher on the day but hardly making headway after the European Central Bank raised interest rates as planned despite market turmoil and the banking crisis. At the time of writing, EUR/USD is trading at 1.0615 and higher by […]

Support Level: 1.0510 – 1.0440 – 1.0300 Resistance Level: 1.0630 – 1.0700 – 1.0760 EUR/USD The EUR/USD is falling sharply on Wednesday and recently printed a fresh two-month low at 1.0521. It is hovering around 1.0580, after testing a critical level. The US Dollar rocketed as markets tumbled on banking concerns. Economic data from the […]

Support Level: 1.0650 – 1.0530 – 1.0470 Resistance Level: 1.0800 – 1.0900 – 1.1000 EUR/USD EUR/USD currency pair trades consolidated in the familiar range after Tuesday’s US CPI data release. However, the losses remain limited as market participants assess the inflation data’s implications on the Fed’s monetary policy. As of writing, the EUR/USD is up […]