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 […]

Support Level: 1.0710 – 1.0630 – 1.0500 Resistance Level: 1.0850 – 1.0900 – 1.0950 EUR/USD EUR/USD is attempting to correct the heavy selling that has taken place over the course of several days. EUR/USD is currently trading at 1.0773 and is down some 0.66%, traveling between a low of 1.0762 and 1.0848 the high. No […]

Support Level: 1.0810 – 1.0710 – 1.0630 Resistance Level: 1.0900 – 1.0950 – 1.1000 EUR/USD Sellers remain in control of the sentiment around the European currency – and the risk complex in general – and now drag EUR/USD to new lows in the vicinity of 1.0810 on Wednesday. The persevering risk aversion continues to underpin […]

Support Level: 1.0830 – 1.0710 – 1.0630 Resistance Level: 1.0950 – 1.1005 – 1.1055 EUR/USD EUR/USD rapidly abandons the area of daily highs around 1.0900 in response to the sudden bout of strength in the dollar following the release of US Retail Sales. US Retail Sales expanded at a monthly 0.4% in April, coming in […]

Support Level: 1.0830 – 1.0710 – 1.0630 Resistance Level: 1.0950 – 1.1005 – 1.1055 EUR/USD The single currency regains some balance and motivates EUR/USD to rebound from recent multi-week lows near 1.0850, but still unable to recover 1.0900 level and ended the day around 1.0880. In the docket, the European Commission released its updated forecasts […]

Support Level: 1.0830 – 1.0710 – 1.0630 Resistance Level: 1.0950 – 1.1005 – 1.1055 EUR/USD The EUR/USD is falling on Friday, the fourth time in the last five days, extending its weekly losses. The pair is hovering near 1.0850, at the lowest level in a month, consolidating a weekly loss of more than 150 pips. […]