Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.0940 – 1.1010 – 1.1100 EUR/USD The Euro now rapidly gives away the earlier optimism and forces EUR/USD to accelerate the breakdown of the 1.0900 hurdle and print new lows for the current week in the 1.0860 zone on Thursday. Indeed, the pair makes another U-turn, […]

Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.1010 – 1.1100 – 1.1200 EUR/USD EUR/USD snaps two days of straight gains drop on hawkish remarks by the US Fed Chair Jerome Powell, who shared a panel with the ECB President Christine Lagarde. Even though both policymakers struck hawkish remarks, the greenback finished with the […]

Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.1010 – 1.1100 – 1.1200 EUR/USD The Euro has continued its positive momentum from Monday, resulting in EUR/USD reaching the 1.0975/80 band, or 3-day highs, on Tuesday. On the other hand, the US Dollar is experiencing a downward correction, relegating the USD Index to trade in […]

Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.1010 – 1.1100 – 1.1200 EUR/USD After two consecutive daily retracements, including the drop to weekly lows near 1.0840, the Euro (EUR) regains poise and manages to leave behind the key 1.0900 barrier vs. the US Dollar, lifting a the same time EUR/USD to daily peaks […]

Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.1010 – 1.1100 – 1.1200 EUR/USD The Euro (EUR) and other assets with risk associations remain on the defensive, although EUR/USD manages to regain some balance and seems to have set sail to the 1.0900 region near the close in Wall Street on Friday. The Euro’s […]

Support Level: 1.0890 – 1.0800 – 1.0730 Resistance Level: 1.1010 – 1.1100 – 1.1200 EUR/USD After rising to new monthly highs above the important 1.1000 threshold against the US Dollar, the Euro has lost some steam and retreated to the 1.0960 area, resulting in slight losses for the day thus far. In a broader context, […]

Support Level: 1.0890 – 1.0800 – 1.0730 Resistance Level: 1.1000 – 1.1100 – 1.1200 EUR/USD EUR/USD snaps three days of consecutive losses and raises toward the 1.0990 region as the US Fed Chair Jerome Powell answers questions at the US House of Representatives on his first day of testimony. Risk aversion, and high US Treasury […]

Support Level: 1.0860 – 1.0800 – 1.0730 Resistance Level: 1.0970 – 1.1010 – 1.1100 EUR/USD The initial upward movement of the EUR against the USD towards the 1.0950 level has been reversed, leading EUR/USD to shift its focus towards the downside, specifically targeting the 1.0900 area. In Germany, Producer Prices experienced a monthly decline of […]

Support Level: 1.0860 – 1.0800 – 1.0730 Resistance Level: 1.0970 – 1.1010 – 1.1100 EUR/USD The European currency maintains the offered stance well in place at the beginning of the week and motivates EUR/USD to recede to daily lows in the 1.0925/20 band on the back of the decent recovery in the US Dollar. Indeed, […]

Support Level: 1.0860 – 1.0800 – 1.0730 Resistance Level: 1.0970 – 1.1010 – 1.1100 EUR/USD EUR/USD rally stalled in the aftermath of the ECB rate hike, trimming some of its previous day’s gains amidst mixed market sentiment. Following the Fed and the ECB’s decisions, central bank speakers are grabbing the most headlines, amidst the lack […]