Support Level: 1.0700 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD The EUR/USD extended its fall to new four-week lows at around 1.0720s due to broad US Dollar strength after last Friday’s data reaffirmed the need for higher interest rates in the United States. Hence, money market futures began to price […]
Support Level: 1.0770 – 1.0700 – 1.0580 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD EUR/USD comes under further downside pressure and rapidly gives away the initial optimism, returning to the mid-1.0800s in the wake of another stellar print from the US jobs report on Friday. It ended the week just below 1.0800, bearish in […]
Support Level : 1.0870 – 1.0800 – 1.0700 Resistance Level : 1.1000 – 1.1100 – 1.1180 EUR/USD The buying bias in the European currency run out of further steam and forced EUR/USD to return to the negative ground after climbing as high as the 1.1030 zone earlier in the session, accelerates its daily losses and […]
Support Level: 1.0925 – 1.0870 – 1.0800 Resistance Level: 1.1000 – 1.1100 – 1.1180 EUR/USD EUR/USD is taking in the upper quarter of the 1.09 area with printing a high of 1.0985 made so far. The Euro rallied from a low of 1.0852 on the day, completing its daily ATR and bulls keep moving in […]
Support Level: 1.0800 – 1.0760 – 1.0710 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD EUR/USD is at a crossroads trading around 1.0865 and slightly up on the day by .015% having ranged between a low of 1.0802 and 1.0874 in what has been a two-way business day ahead of central bank meetings. The Federal […]
Support Level : 1.0830 – 1.0760 – 1.0710 Resistance Level : 1.0930 – 1.1000 – 1.1100 EUR/USD EUR/USD has been sent onto the backfoot as US stocks slide to fresh session lows led by the tech-focused Nasdaq which is down by more than 1% on Monday. At the time of writing, EUR/USD is losing around […]
Support Level: 1.0830 – 1.0760 – 1.0710 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD The EUR/USD got rejected from the 1.0900 psychological barrier for two consecutive days and on Friday slipped to the 1.0860 region after data from US cemented the case for a 25 bps rate hike by the Fed. At the time […]
Support Level: 1.0830 – 1.0760 – 1.0710 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD The European currency now gives aways some gains after motivating EUR/USD to climb to fresh 2023 peaks near 1.0930 earlier in the session on Thursday. The pair ended the day around 1.0890, still bullish in the daily chart. Despite the […]
Support Level: 1.0760 – 1.0710 – 1.0630 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD The European currency now looks to extend the bounce off earlier lows in the 1.0860/55 band vs. the greenback and lifts EUR/USD back to the boundaries of 1.0900 the figure on Wednesday. EUR/USD so far advances for the sixth session […]
Support Level: 1.0760 – 1.0710 – 1.0630 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD EUR/USD appears to have met some decent resistance in the proximity of the 1.0900 hurdle so far on Tuesday. It ended the day at around 1.0880, still bullish in the daily chart. Indeed, market participants appear prudent ahead of the […]