Support Level: 0.9830- 0.9750- 0.9630 Resistance Level: 1.0000 – 1.0050- 1.0100 EUR/USD The EUR/USD is erasing some of Tuesday’s gains as speculations of a Fed pivot towards a dovish stance faded, as shown by US T-bond yields rising again. the EUR/USD is trading at 0.9890 after hitting a daily high close to parity. Sentiment deteriorated, […]

Support Level: 0.9900- 0.9850- 0.9750 Resistance Level: 1.0000 – 1.0050- 1.0100 EUR/USD The EUR/USD rose even further during the American session and climbed to 0.9977, reaching the highest level in a week. It remains near the top, up more than 150 pips for the day and 440 above last week’s low. On Tuesday, the August […]

Support Level: 0.9730- 0.9630- 0.9535 Resistance Level: 0.9850 – 0.9920- 1.0000 EUR/USD The EUR/USD found support above 0.9750 and rose during the American session to 0.9844, hitting a fresh daily high. The pair ended Monday around 0.9820, still bearish in the daily chart. The DXY printed a new weekly low at 111.47 and it is […]

Support Level: 0.9700- 0.9630- 0.9535 Resistance Level: 0.9850 – 0.9920- 1.0000 EUR/USD The EUR/USD retraces from daily highs of around 0.9853 due to Fed officials expressing the necessity of higher rates for longer. The pair ended Friday around 0.9800, still bearish in the daily chart. A bunch of Fed policymakers crossing news wires, led by […]

Support Level: 0.9700- 0.9630- 0.9535 Resistance Level: 0.9830 – 0.9920- 1.0000 EUR/USD The EUR/USD is trading at the highest level since last Wednesday around the 0.9800 mark. It is up by more than 250 pips from Wednesday low as it continues to recovery on the back of a weaker US dollar. The dollar received a […]

Support Level: 0.9600- 0.9535- 0.9450 Resistance Level: 0.9750 – 0.9840- 0.9910 EUR/USD The shared currency began trading nearby the day’s lows, just below the 0.9600 figure, and dived towards a fresh two-decade low at around 0.9535 before rallying sharply towards the daily high at 0.9751 before settling around 0.9730, bearish in the daily chart. The […]

Support Level: 0.9550- 0.9500- 0.9400 Resistance Level: 0.9710 – 0.9840- 0.9910 EUR/USD The EUR/USD dropped further after the beginning of the American session and hit levels under 0.9600. It is hovering at 0.9590 to end Tuesday, bearish in the daily chart. Following the release of better-than-expected US Consumer Confidence data, the greenback started to recover […]

Support Level: 0.9550- 0.9500- 0.9400 Resistance Level: 0.9710 – 0.9840- 0.9910 EUR/USD The EUR/USD is moving toward 0.9600 after the recovers from fresh multi-year lows faded. The euro could not hold above 0.9700 and started to decline as stocks in Wall Street printed fresh session lows. It ended Monday around 0.9620, bearish in the daily […]

Support Level: 0.9600 – 0.9500 – 0.9400 Resistance Level: 0.9900 – 1.0000 – 1.0050 EUR/USD The EUR/USD nosedives below the 0.9800 figure, extending its losses below the 0.9700 figure, triggered by traders’ worries that Fed’s aggression would tip the US economy into a recession, while the UK announced a plan aimed to lift stimulate the […]

Support Level: 0.9875 – 0.9800 – 0.9750 Resistance Level: 1.0050 – 1.0200 – 1.0280 EUR/USD The EUR/USD remains under pressure after hitting a weekly high at around 1.0050 earlier, bolstered by higher than expected German PPI. However, as the North American session began, the exchange rate tumbled below parity and its opening price, ended Tuesday […]