Support Level: 1.0820 – 1.0700 – 1.0630 Resistance Level: 1.0930 – 1.1030 – 1.1100 EUR/USD EUR/USD rallied on easing fears about banking sector troubles and US stocks on Wall Street have moved higher on encouraging economic signs from the chip industry. In a risk-on setting, EUR/USD has travelled from a low of 1.0823 to a […]

Support Level: 1.0800 – 1.0700 – 1.0630 Resistance Level: 1.0870 – 1.0930 – 1.1030 EUR/USD EUR/USD clings to daily gains around the 1.0850 region against the backdrop of a firm note in the greenback on Wednesday. The pair trades within the familiar range, up slightly in the mid-1.0800s against the backdrop of the moderate bounce […]

Support Level: 1.0800 – 1.0700 – 1.0630 Resistance Level: 1.0850 – 1.0930 – 1.1030 EUR/USD EUR/USD climbed to a five-day high at 1.0846 as euro zone government bond yields rose on Tuesday and after a deal backed by the US regulator for First Citizens Bancshares to buy up Silicon Valley Bank helped alleviate concerns in […]

Support Level: 1.0700 – 1.0630 – 1.0520 Resistance Level: 1.0800 – 1.0930 – 1.1030 EUR/USD EUR/USD snaps two straight days of losses and climbs after hitting a daily low of 1.0744 amidst a subdued session. Despite high US Treasury bond yields, risk-appetite improvement and a softer USD opened the door for further Euro upside. At […]

Support Level: 1.0700 – 1.0630 – 1.0520 Resistance Level: 1.0800 – 1.0930 – 1.1030 EUR/USD As the New York session finished, EUR/USD fell 0.64% or 69 pips. A risk-on impulse did not help the Euro, which, pressured by a banking crisis threatening to spread to the Eurozone, weakened the shared currency. At the time of […]

Support Level: 1.0800 – 1.0700 – 1.0630 Resistance Level: 1.0930 – 1.1030 – 1.1100 EUR/USD Consumer sentiment in the Eurozone weakened modestly with the Consumer Confidence Indicator edging lower to -19.2 in March’s flash estimate from -19.1 in February. This reading came in weaker than the market expectation of -18.3. This data doesn’t seem to […]

Support Level: 1.0800 – 1.0700 – 1.0630 Resistance Level: 1.0930 – 1.1030 – 1.1100 EUR/USD The US Dollar is falling sharply on Wednesday following the Federal Reserve meeting. The EUR/USD climbed so far more than a hundred pips and printed monthly highs above 1.0900. It trimmed some gains and back to 1.0850 area to ended […]

Support Level: 1.0700 – 1.0630 – 1.0550 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD EUR/USD extends its rally to four consecutive days, spurred by an improvement in market sentiment after a two-week turbulence in the financial markets. Woes linked to the banking system crisis eased after UBS took over Credit Suisse, and US banks […]

Support Level: 1.0630 – 1.0550 – 1.0500 Resistance Level: 1.0760 – 1.0800 – 1.0930 EUR/USD The EUR/USD breaks the 1.0700 barrier and climbs 0.50% after hitting a daily low of 1.0631. An improvement in market mood and ECB speakers lend a hand to the Euro, while the USD continues to weaken across the board. At […]

Support Level: 1.0600 – 1.0510 – 1.0440 Resistance Level: 1.0685 – 1.0760 – 1.0800 EUR/USD Financial markets were on a bumpy road this week amid concerns about the banking sector’s health. The EUR/USD pair traded between 1.0515 and 1.0759 to settle above the 1.0600 mark, marginally lower from Monday’s opening. Later on Friday, Industrial Production […]