Support Level: 0.9925 – 0.9850 – 0.9750 Resistance Level: 1.0100 – 1.0200- 1.0300 EUR/USD The EURUSD finished Friday’s session almost flat at around 0.9960s with minuscule gains of 0.02%, the Shared currency recovered some ground against the USD at the New York close, slightly above its opening price. Wall Street finished the day with solid […]

Support Level: 0.9940 – 0.9850 – 0.9750 Resistance Level: 1.0100 – 1.0200- 1.0300 EUR/USD EUR/USD accelerates the daily decline from tops near 1.0100, now comes under further downside pressure and prints new daily lows in the vicinity of 0.9960 on Thursday. It settled around 0.9970, still bullish in the daily chart. Indeed, Chairwoman Lagarde emphasized […]

Support Level: 1.0000 – 0.9900 – 0.9800 Resistance Level: 1.0100 – 1.0200- 1.0300 EUR/USD The euro is performing a surprising recovery after having appreciated more than 3% on a four-day rally. The common currency has stretched higher on Wednesday’s US session, breaching the previous session top at 1.0050 to reach 1.0085. The US dollar has […]

Support Level: 0.9800 – 0.9700 – 0.9630 Resistance Level: 1.0000 – 1.0070- 1.0200 EUR/USD The EUR/USD advances sharply due to a soft US Dollar blamed on the Fed’s pivot narrative surrounding the financial markets. Also, solid US corporate earnings keep investors’ mood positive, despite the ongoing global economic slowdown. At the time of writing, the […]

Support Level: 0.9800 – 0.9700 – 0.9630 Resistance Level: 0.9900 – 1.0000- 1.0080 EUR/USD The EUR/USD makes a U-turn, pairing some of its earlier losses, amidst a critical week for the Euro, with the European Central Bank (ECB) monetary policy meeting on Thursday. The shared currency recovery is due to some US data reporting S&P […]

Support Level: 0.9700 – 0.9630 – 0.9530 Resistance Level: 0.9875 – 1.0000- 1.0080 EUR/USD The US Dollar tumbled as traders braced for the weekend following a volatile session that initially witnessed the EURUSD hitting its daily lows of around 0.9704. Still, news that the Federal Reserve (Fed) officials will slow the rhythm of rate hikes […]

Support Level: 0.9740 – 0.9630 – 0.9530 Resistance Level: 0.9875 – 1.0000- 1.0080 EUR/USD EUR/USD renews its intraday high around 0.9845 amid the fresh decline in the US dollar. In doing so, the quote pares the previous day’s losses, the biggest in two weeks, amid an absence of major data/events. The pair trimmed the gains […]

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 […]