Support Level: 1.0590 – 1.0500 – 1.0400 Resistance Level: 1.0670 – 1.0740- 1.0850 EUR/USD The EUR/USD jumped to 1.0735, a fresh six-month high, during ECB Lagarde’s presser. It erases gains after Lagarde’s comments and turned its direction to downside and ended Thursday at around 1.0635, still bulish in the daily chart. The European Central Bank […]
Support Level: 1.0600 – 1.0540 – 1.0500 Resistance Level: 1.0700 – 1.0780- 1.0940 EUR/USD The EUR/USD dropped toward 1.0620s after the Fed raised rates by 50 bps. However, it recovered all the losses after Fed Chair Powell’s speech and ended Wednesday at around 1.0680, still bullish in the daily chart. The FOMC decided to hike […]
Support Level: 1.0600 – 1.0540 – 1.0500 Resistance Level: 1.0670 – 1.0780- 1.0940 EUR/USD EUR/USD has rallied heavily as the US Consumer Price Index has come in below expectations, leaving the door wide open for a pivot from the Federal Reserve that meets this week to decide on its monetary policy path. At the time […]
Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD The Euro registers solid gains against the US Dollar on Monday, during the North American session, courtesy of overall US Dollar weakness.At the time of writing, the EUR/USD is trading at 1.0535, still bullish in the daily chart. Sentiment remains upbeat, […]
Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD Despite a knee-jerk mid-week, the EUR/USD pair is comfortably trading above the 1.0500 threshold, seesawing around 1.0530 following the release of the December University of Michigan’s Consumer Confidence Index, which rose by more than anticipated, to 59.1 from 56.8 in November. […]
Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD EUR/USD is firmly higher on Thursday due to diminishing expectations for the Federal Reserve (Fed) to keep raising interest rates at the same aggressive pace. EUR/USD is currently 0.38% higher having rallied from a low of 1.0489 to a high of […]
Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD The EUR/USD dropped near 1.0500 following comments from Russian President Putin. The Euro is among the weakest currencies of the American session. Earlier it peaked at 1.0549, the highest level in two days. Market sentiment deteriorated briefly after Russian President Vladimir […]
Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD The Euro is extending some of its Monday losses against the US Dollar, stuck below the 1.0500 figure amidst a risk-off impulse, as data released in the United States did not bolster the USD. Factory Orders in Germany surprisingly exceeded estimates, […]
Support Level: 1.0400 – 1.0290 – 1.0220 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD EUR/USD keeps the optimism well and sound and advances to new highs near 1.0550, an area last seen back in late June. It regained the upward potentials post payroll release and ended the week at around 1.0530, still bullish in the […]
Support Level: 1.0400 – 1.0290 – 1.0220 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD EUR/USD keeps the optimism well and sound and advances to new highs near 1.0550, an area last seen back in late June. It regained the upward potentials post payroll release and ended the week at around 1.0530, still bullish in the […]