Support Level: 0.9840 – 0.9730 – 0.9630 Resistance Level: 1.0000 – 1.0100- 1.0200 EUR/USD The euro has squeezed higher during Friday’s US afternoon trading, with the pair reaching session highs at 0.9960 so far. The common currency has erased the previous four days’ losses with a shocking 2.2% daily rally, neutral to bullish in the […]

Support Level: 0.9700 – 0.9630 – 0.9540 Resistance Level: 0.9800 – 0.9850- 0.9910 EUR/USD The euro has recovered modestly on Thursday’s US trading session, bouncing up from the 0.9740 area to reach 0.9760. The pair, however, remains negative on the daily chart and trading nearly 3% down on the week. Business activity in the US […]

Support Level: 0.9780 – 0.9700 – 0.9630 Resistance Level: 0.9910 – 1.0000- 1.0100 EUR/USD The EUR/USD reversed sharply from the highest level since Friday at 0.9975 and broke below 0.9850, reaching the lowest level in a week at 0.9822. The words from Fed Chair Powell strengthened the greenback. The EUR/USD reversed sharply from the highest […]

Support Level: 0.9850 – 0.9780 – 0.9700 Resistance Level: 1.0000 – 1.0100- 1.0200 EUR/USD EUR/USD abandons the area of daily highs around 0.9950 and makes an abrupt U-turn to revisit the sub-0.9900 zone in the wake of US data results on Tuesday. EUR/USD rapidly drops and revisits the area below 0.9900 on the back of […]

Support Level: 0.9850 – 0.9780 – 0.9700 Resistance Level: 1.0000 – 1.0100- 1.0200 EUR/USD The single currency remains mired in the negative territory and drags EUR/USD to fresh multi-session lows below 0.9900 region at the beginning of the week. It ended Monday at around 0.9880, neutral to bullish in the daily chart. Equities in the […]

Support Level: 0.9925 – 0.9850 – 0.9750 Resistance Level: 1.0100 – 1.0200- 1.0300 EUR/USD The EURUSD finished Friday’s session almost flat at around 0.9960s with minuscule gains of 0.02%, the Shared currency recovered some ground against the USD at the New York close, slightly above its opening price. Wall Street finished the day with solid […]

Support Level: 0.9940 – 0.9850 – 0.9750 Resistance Level: 1.0100 – 1.0200- 1.0300 EUR/USD EUR/USD accelerates the daily decline from tops near 1.0100, now comes under further downside pressure and prints new daily lows in the vicinity of 0.9960 on Thursday. It settled around 0.9970, still bullish in the daily chart. Indeed, Chairwoman Lagarde emphasized […]

Support Level: 1.0000 – 0.9900 – 0.9800 Resistance Level: 1.0100 – 1.0200- 1.0300 EUR/USD The euro is performing a surprising recovery after having appreciated more than 3% on a four-day rally. The common currency has stretched higher on Wednesday’s US session, breaching the previous session top at 1.0050 to reach 1.0085. The US dollar has […]

Support Level: 0.9800 – 0.9700 – 0.9630 Resistance Level: 1.0000 – 1.0070- 1.0200 EUR/USD The EUR/USD advances sharply due to a soft US Dollar blamed on the Fed’s pivot narrative surrounding the financial markets. Also, solid US corporate earnings keep investors’ mood positive, despite the ongoing global economic slowdown. At the time of writing, the […]

Support Level: 0.9800 – 0.9700 – 0.9630 Resistance Level: 0.9900 – 1.0000- 1.0080 EUR/USD The EUR/USD makes a U-turn, pairing some of its earlier losses, amidst a critical week for the Euro, with the European Central Bank (ECB) monetary policy meeting on Thursday. The shared currency recovery is due to some US data reporting S&P […]