Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0770 – 1.0850 – 1.0900 EUR/USD EUR/USD shifted gears after printing a weekly low of 1.0635, climbs bolstered by dovish US Fed officials’ comments, alongside soft economic data from the US. Therefore, investors looking towards a less hawkish Fed dumped the US Dollar in favour of […]

Support Level: 1.0630 – 1.0500 – 1.0400 Resistance Level: 1.0760 – 1.0850 – 1.0900 EUR/USD EUR/USD stumbles past the 1.0700 mark erasing last Tuesday’s gains, and extends its fall toward the 1.0660s area after upbeat economic data from the US boosted the greenback. Earlier, EU data showed that inflation is easing, hence the EUR weakness. […]

Support Level: 1.0670 – 1.0600 – 1.0500 Resistance Level: 1.0760 – 1.0850 – 1.0900 EUR/USD EUR/USD snaps five straight days of losses, rising some 0.30% in the North American session after a tranche of EU economic data showed that inflation in some countries of the bloc appears to ease. Meanwhile, consumer confidence advances in the […]

Support Level: 1.0700 – 1.0630 – 1.0500 Resistance Level: 1.0760 – 1.0850 – 1.0900 EUR/USD After bottoming out in multi-week lows just pips above the key 1.0700 mark on Friday, EUR/USD manages to regain some composure and navigates the low-1.0700s on Monday on the back of the generalized lack of direction in the global markets. […]

Support Level : 1.0700 – 1.0630 – 1.0500 Resistance Level : 1.0760 – 1.0850 – 1.0900 EUR/USD EUR/USD hit a 9-week low of 1.0701 on the US Dollar´s strength as expectations increased that the US Federal Reserve will deliver another rate hike. The pair bounced from there modestly and ended the day around 1.0723, flat […]

Support Level : 1.0710 – 1.0630 – 1.0500 Resistance Level : 1.0760 – 1.0850 – 1.0900 EUR/USD EUR/USD continued to fall for three straight days and reached a new two-month low of 1.0707, as the greenback remains strengthening across the FX board. Uncertainty around the US debt-ceiling discussions and upbeat US economic data bolstered the […]

Support Level : 1.0710 – 1.0630 – 1.0500 Resistance Level : 1.0850 – 1.0900 – 1.0950 EUR/USD EUR/USD is mixed on the Federal Open Market Committee minutes that show the board members agreed that inflation risks are still unacceptably high but officials also generally agreed that the extent of further hikes are less certain. EUR/USD […]

Support Level : 1.0710 – 1.0630 – 1.0500 Resistance Level : 1.0850 – 1.0900 – 1.0950 EUR/USD EUR/USD maintains its bearish tone on Tuesday, seeing its decline accelerate to the 1.0760 area as the dollar continues to face upward pressure, while unease over the US debt ceiling continues to weigh on sentiment. Meanwhile, talks over […]

Support Level: 1.0710 – 1.0630 – 1.0500 Resistance Level: 1.0850 – 1.0900 – 1.0950 EUR/USD The EUR/USD began the week sideways, clinging to the 1.0800 mark amidst a slightly upbeat market sentiment sponsored by an improvement in US ceiling discussions, despite hawkish rhetoric by Federal Reserve’s officials. At the time of writing, the EUR/USD is […]

Support Level: 1.0710 – 1.0630 – 1.0500 Resistance Level: 1.0850 – 1.0900 – 1.0950 EUR/USD EUR/USD rebounds from its weekly lows, reclaiming near the 1.0800 figure following US Federal Reserve Jerome Powell’s remarks, in which he opened the door for a pause on the Federal Reserve tightening cycle. In addition, a risk-on impulse dented an […]