Support Level: 1.0650 – 1.0530 – 1.0470 Resistance Level: 1.0800 – 1.0900 – 1.1000 EUR/USD EUR/USD is up by over 0.9% in midday trade on Wall Street aided by a weaker US Dollar and ahead of the European Central Bank’s policy meeting on Thursday. Expectations call for the ECB to deliver a 50-basis point hike […]

Support Level: 1.0530 – 1.0470 – 1.0350 Resistance Level: 1.0700 – 1.0800 – 1.0900 EUR/USD The EUR/USD rose 0.45% late in the New York session in a volatile trading day, with Wall Street set to register substantial losses blamed on a US bank collapse. That overshadowed an awaited US jobs report, scrutinized by investors as […]

Support Level: 1.0530 – 1.0470 – 1.0350 Resistance Level: 1.0700 – 1.0800 – 1.0900 EUR/USD EUR/USD is under making ground on Thursday and has moved up from a low of 1.0536 to score a corrective high of 1.0591 so far in the New York session ahead of the key US Nonfarm Payrolls on Friday. European […]

Support Level: 1.0530 – 1.0470 – 1.0350 Resistance Level: 1.0700 – 1.0800 – 1.0900 EUR/USD EUR/USD remains unchanged as Fed Chair Jerome Powell testifies before the US Congress. Meanwhile, US equities continued to fluctuate, portraying a mixed sentiment, while the US Dollar turned positive. At the time of writing, the EUR/USD is trading at 1.0547. […]

Support Level: 1.0530 – 1.0470 – 1.0350 Resistance Level: 1.0700 – 1.0800 – 1.0900 EUR/USD EUR/USD keeps falling as we move into late US trade in what has been a maximum drop in the single currency following uber-hawkish rhetoric from the Federal Reserve’s chairman on Tuesday who testified to Congress. The pair ended the day […]

Support Level: 1.0530 – 1.0470 – 1.0350 Resistance Level: 1.0700 – 1.0800 – 1.0900 EUR/USD The EUR/USD is up on Monday, moving toward last week’s high and with 1.0700 again on the radar. A stronger Euro across the board has been supportive of the pair, while at the same time, the US Dollar weakened. EUR/USD […]

Support Level: 1.0530 – 1.0470 – 1.0350 Resistance Level: 1.0700 – 1.0800 – 1.0900 EUR/USD EUR/USD reversed its course and is set to finish the week with gains of more than 0.80% on a softer USD amidst speculations that the US Fed would not hike rates beyond what money market futures expect. The EUR/USD exchanges […]

Support Level: 1.0530 – 1.0470 – 1.0350 Resistance Level: 1.0700 – 1.0800 – 1.0900 EUR/USD The EUR/USD loses traction in the mid-North American session and trades below its opening price by 0.83%, below the 1.0600 mark. Reasons like unemployment claims in the US easing triggered investors’ reaction, that perhaps their inflation view is wrong, sending […]

Support Level: 1.0530 – 1.0470 – 1.0350 Resistance Level: 1.0700 – 1.0800 – 1.0900 EUR/USD The EUR/USD retreated after the release of the ISM Manufacturing PMI that boosted, at least momentarily, the US Dollar across the board. The pair pulled back from 1.0691, the highest level in a week to 1.0660. Data released in the […]

Support Level: 1.0530 – 1.0470 – 1.0350 Resistance Level: 1.0650 – 1.0700 – 1.0800 EUR/USD EUR/USD peaked at 1.0644, but turned south during the American afternoon and now hovers around 1.0590, down for the day and bearish in the daily chart. USD reverse early losses and finished the day unevenly across the FX board. Correlations […]