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 […]

Support Level: 0.9810, 0.9750, 0.9700 Resistance Level: 1.0000, 1.0050, 1.0220 EUR/USD The EUR/USD collapsed to fresh multi-year lows as the US Federal Reserve hiked rates by 75 bps, and anticipated ongoing increases to the Federal fund’s rates (FFR) will be appropriate. The pair oscillates around the 0.9840 area, due to increased volatility, bearish in the […]

Resistance Level: 1.0050, 1.0200, 1.0280 Support Level: 0.9875, 0.9800, 0.9750 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 around 0.9975, bearish in […]

Resistance Level: 1.0200, 1.0280, 1.0370 Support Level: 0.9875, 0.9800, 0.9750 EUR/USD The EUR/USD rose after the beginning of the American session and recently climbed to 1.0029, before pulling back to the 1.0020 area. It is posting modest gains on Monday, as it continues to trade in a range, neutral to bearish in the daily chart. […]