Support Level: 1.0825 – 1.0775 – 1.0715 Resistance Level: 1.0865 – 1.0900 – 1.1000 EUR/USD EUR/USD resumed its advance and reached fresh multi-month highs, as market players made up their minds and increased bet for high-yielding assets. US Dollar under strong selling pressure as investors price in two Fed 25 bps hikes before pausing. EUR/USD […]
Support Level :1.0700 – 1.0630 – 1.0550 Resistance Level : 1.0776 – 1.0800 – 1.0850 EUR/USD The Euro (EUR) resumed its uptrend vs. the US Dollar (USD) and rose to an eight-month new high around 1.0776, ahead of the release of the Consumer Price Index (CPI) in the United States (US), which is foreseen to […]
Support Level : 1.0700 – 1.0630 – 1.0550 Resistance Level : 1.0760 – 1.0800 – 1.0850 EUR/USD EUR/USD is extending the bullish rally on Tuesday and has been trying to print a fresh high for this week’s initial balance, taking the US Dollar down to 1.0759 vs. the Single Currency on the bull’s quest for […]
Support Level: 1.0700 – 1.0630 – 1.0550 Resistance Level: 1.0760 – 1.0800 – 1.0850 EUR/USD EUR/USD leaves behind the 1.0700 barrier and hit a fresh multi-week high to 1.0750 region on the back of the persevering sell-off in the greenback, which comes with investors’ re-assessment of the potential next steps by the Federal Reserve when […]
Support Level: 1.0600 – 1.0540 – 1.0483 Resistance Level: 1.0680 – 1.0715 – 1.0800 EUR/USD The EUR/USD jumped above 1.0600 amid a sharp reversal of the US Dollar that tumbled across the board following the ISM Service PMI report. The pair rose 1.25% from the daily low and is having the best day in a […]
Support Level: 1.0520 – 1.0470 – 1.0400 Resistance Level: 1.0580 – 1.0630 – 1.0680 EUR/USD The selling pressure in the Greenback now picks up further pace and drags EUR/USD back to the mid-1.0500s on Thursday, or daily lows. Further downside could retest 1.0520, EUR/USD quickly returned to the negative territory in response to the abrupt […]
Support Level: 1.0520 – 1.0475 – 1.0445 Resistance Level: 1.0640 – 1.0680- 1.0710 EUR/USD The Euro (EUR) retraces against the US Dollar (USD) after hitting daily highs of 1.0635 and is dropping after the release of mixed US economic data, slightly boosted the US Dollar and shifting sentiment sour. At the time of writing, the […]
Support Level: 1.0520 – 1.0475 – 1.0445 Resistance Level: 1.0600 – 1.0640- 1.0680 EUR/USD EUR/USD declined sharply in the early European session and touched its lowest level in three weeks at 1.0520 before staging a modest rebound. As of writing, the pair was trading at 1.0560, where it was still down nearly 1% on a […]
Support Level: 1.0600 – 1.0584 – 1.0550 Resistance Level: 1.0700 – 1.0740- 1.0780 EUR/USD The Euro (EUR) sheds some ground against the US Dollar (USD) on the first trading day of 2023 amidst thin liquidity conditions in the financial markets. The release of S&P Global PMIs in the Eurozone failed to bolster the shared currency […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0740 – 1.0780- 1.0850 EUR/USD The EUR/USD advances modestly in the last trading day of 2022, during the North American session, though above its opening price by 0.13%. A light economic calendar keeps the EUR/USD pair within familiar ranges ahead of the week. At the time […]