Support Level: 1.0530 – 1.0470 – 1.0350 Resistance Level: 1.0700 – 1.0800 – 1.0900 EUR/USD The EUR/USD loses traction in the mid-North American session and trades below its opening price by 0.83%, below the 1.0600 mark. Reasons like unemployment claims in the US easing triggered investors’ reaction, that perhaps their inflation view is wrong, sending […]

Support Level: 1.0530 – 1.0470 – 1.0350 Resistance Level: 1.0700 – 1.0800 – 1.0900 EUR/USD The EUR/USD retreated after the release of the ISM Manufacturing PMI that boosted, at least momentarily, the US Dollar across the board. The pair pulled back from 1.0691, the highest level in a week to 1.0660. Data released in the […]

Support Level: 1.0530 – 1.0470 – 1.0350 Resistance Level: 1.0650 – 1.0700 – 1.0800 EUR/USD EUR/USD peaked at 1.0644, but turned south during the American afternoon and now hovers around 1.0590, down for the day and bearish in the daily chart. USD reverse early losses and finished the day unevenly across the FX board. Correlations […]

Support Level: 1.0530 – 1.0470 – 1.0350 Resistance Level: 1.0630 – 1.0700 – 1.0800 EUR/USD The EUR/USD is having so far the best day since February 1 on Monday, boosted by a weaker US Dollar across the board on the back of an improvement in risk sentiment and a retreat in Treasury yields. The pair […]

Support Level: 1.0540 – 1.0470 – 1.0350 Resistance Level: 1.0630 – 1.0700 – 1.0800 EUR/USD The downside pressure picks up extra impulse and forces EUR/USD to print new monthly lows in the 1.0545/40 band at the end of the week. The selling momentum in EUR/USD gathers extra traction on the back of the unabated advance […]

Support Level: 1.0570 – 1.0470 – 1.0350 Resistance Level: 1.0700 – 1.0800 – 1.0930 EUR/USD EUR/USD printed fresh lows on Thursday on the third day of there being shorts in the market which gives rise to the prospects of a move up for the final stages of the week. It ended the day near the […]

Support Level: 1.0600 – 1.0470 – 1.0350 Resistance Level: 1.0700 – 1.0800 – 1.0930 EUR/USD EUR/USD continued the decline post FOMC Minutes. The price dropped from intraday high 1.0664 to low 1.0599 due to US dollar strength. It ended the day near the bottom and bearish in the daily chart. The US Dollar maintained its […]

Support Level: 1.0610 – 1.0470 – 1.0350 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD EUR/USD extends its bearish continuation after Monday’s gains, offset by the US Dollar (USD), were sponsored by a risk-off impulse, despite upbeat data revealed in the Euro area. Nevertheless, US PMIs showed after Wall Street’s opening justified US Dollar strength, […]

Support Level: 1.0610 – 1.0470 – 1.0350 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD EUR/USD trades without direction in the sub-1.0700 region at the beginning of the week due to US President holiday. Presidents’ Day has delivered a slow morning for markets, albeit one with a slight positive bias to Asian and European equities, […]

Support Level: 1.0610 – 1.0470 – 1.0350 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD EUR/USD drops to multi-week lows in the 1.0610 region at the end of the week, it then trimmed all the losses and ended the day near 1.0700, still bearish in the daily chart. The pair saw its losses accelerate in […]