Support Level: 0.9750 – 0.9700 – 0.9630 Resistance Level: 0.9800 – 0.9875- 1.0000 EUR/USD EUR/USD snaps two days of gains, tumbles below 0.9800, after Eurozone (EU) inflation remained elevated, while the US housing market continues to feel the “pain” of higher interest rates, which would continue to increase, as reiterated by Fed speakers. The pair […]
Support Level: 0.9800 – 0.9700 – 0.9630 Resistance Level: 0.9875 – 1.0000 – 1.0100 EUR/USD Eurodollar’s recovery from last week’s lows at 0.9635 has lost steam right below 0.9900 and the pair pulled back to 0.9850 on Tuesday’s afternoon US Trading session. The euro, however, remains moderately positive on the daily chart. The common currency […]
Support Level: 0.9700 – 0.9630 – 0.9530 Resistance Level: 0.9850 – 0.9920 – 1.0000 EUR/USD The common currency has shrugged off the weakness observed last week to rally on Monday, amid an improved sentiment. The euro appreciates more than 1% so far today bouncing up at 0.9720 area to hit session highs at 0.9852, neutral […]
Support Level: 0.9630 – 0.9530 – 0.9450 Resistance Level: 0.9820 – 0.9920 – 1.0000 EUR/USD The EUR/USD losses its grip around and edges lower as the North American session progresses, amidst a firm US dollar, following the release of a US hot inflation report on Thursday, while mixed US economic data, and hawkish Fed commentary, […]
Support Level: 0.9630 – 0.9530 – 0.9450 Resistance Level: 0.9820 – 0.9920 – 1.0000 EUR/USD The EUR/USD is recovering from earlier losses as inflation in the United States rose above estimates, continuing to test Fed members’ patience. Core CPI in the US jumped to a four-decade high, exceeding forecasts, cementing the case for further Fed […]
Support Level: 0.9670 – 0.9630 – 0.9530 Resistance Level: 0.9820 – 0.9920 – 1.0000 EUR/USD The common currency remains on the back foot on Wednesday and is on track to complete a six-day reversal against the US dollar. The pair has turned lower from the 0.9700 area despite ECB Lagarde’s comments. The President of the […]
Support Level: 0.9670- 0.9630- 0.9530 Resistance Level: 0.9820 – 0.9920- 1.0000 EUR/USD Euro’s reversal from 0.9750 area earlier on Monday’s US trading session found support tight above the two-week low at 0.9670 and the pair is now trading above 0.9700 again. In absence of first-tier macroeconomic events, the sour market mood reflected on the negative […]
Support Level: 0.9680- 0.9630- 0.9530 Resistance Level: 0.9820 – 0.9920- 1.0000 EUR/USD Euro’s reversal from 0.9750 area earlier on Monday’s US trading session found support tight above the two-week low at 0.9680 and the pair is now trading above 0.9700 again. On a bigger picture, investors’ concerns about the escalating war in Ukraine, after Russia […]
Support Level: 0.9730- 0.9630- 0.9530 Resistance Level: 0.9820 – 0.9920- 1.0000 EUR/USD The EUR/USD fell from 0.9790 to 0.9730 reaching the lowest level in a week following the release of the US official employment report that showed numbers slightly above expectations. The greenback strengthened after the numbers. Earlier in the day, the data published by […]
Support Level: 0.9750- 0.9630- 0.9530 Resistance Level: 0.9920 – 1.0000- 1.0050 EUR/USD The EUR/USD dropped further after the beginning of the American session and bottomed at 0.9790, the lowest level in two days. The intraday bias is bearish with the US dollar looking stronger ahead of the NFP. On Thursday, economic data released in the […]