Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0660 – 1.0740- 1.0850 EUR/USD ØThe EUR/USD continues to move without a clear direction. It printed a fresh daily low at 1.0595 and then rebounded back above 1.0600 to ended the day at around 1.0610, still bullish in the daily chart. ØRisk sentiment prevailed after the […]

Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0660 – 1.0740- 1.0850 EUR/USD The EUR/USD pair seesaws between tepid gains/minor losses through the early North American session and is currently placed in neutral territory, around the 1.0600 mark, still bullish in the daily chart. The Bank of Japan-inspired rally in the Japanese Yen is […]

Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0660 – 1.0740- 1.0850 EUR/USD The EUR/USD is trading flat for the day, hovering near 1.0600. During the American session, the pair fell to 1.0574, reaching the lowest level since December 13, but still bullish in the daily chart. While German yields moved off highs during […]

Support Level: 1.0580 – 1.0500 – 1.0400 Resistance Level: 1.0670 – 1.0740- 1.0850 EUR/USD The EUR/USD remains subdued on Friday, following monetary policy meetings by the Fed and the ECB, with both entities raising rates amidst a period of high and stickier inflation. The pair ended Friday at around 1.0590, still bullish in the daily […]

Support Level: 1.0590 – 1.0500 – 1.0400 Resistance Level: 1.0670 – 1.0740- 1.0850 EUR/USD The EUR/USD jumped to 1.0735, a fresh six-month high, during ECB Lagarde’s presser. It erases gains after Lagarde’s comments and turned its direction to downside and ended Thursday at around 1.0635, still bulish in the daily chart. The European Central Bank […]

Support Level: 1.0600 – 1.0540 – 1.0500 Resistance Level: 1.0700 – 1.0780- 1.0940 EUR/USD The EUR/USD dropped toward 1.0620s after the Fed raised rates by 50 bps. However, it recovered all the losses after Fed Chair Powell’s speech and ended Wednesday at around 1.0680, still bullish in the daily chart. The FOMC decided to hike […]

Support Level: 1.0600 – 1.0540 – 1.0500 Resistance Level: 1.0670 – 1.0780- 1.0940 EUR/USD EUR/USD has rallied heavily as the US Consumer Price Index has come in below expectations, leaving the door wide open for a pivot from the Federal Reserve that meets this week to decide on its monetary policy path. At the time […]

Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD The Euro registers solid gains against the US Dollar on Monday, during the North American session, courtesy of overall US Dollar weakness.At the time of writing, the EUR/USD is trading at 1.0535, still bullish in the daily chart. Sentiment remains upbeat, […]

Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD Despite a knee-jerk mid-week, the EUR/USD pair is comfortably trading above the 1.0500 threshold, seesawing around 1.0530 following the release of the December University of Michigan’s Consumer Confidence Index, which rose by more than anticipated, to 59.1 from 56.8 in November. […]

Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD EUR/USD is firmly higher on Thursday due to diminishing expectations for the Federal Reserve (Fed) to keep raising interest rates at the same aggressive pace. EUR/USD is currently 0.38% higher having rallied from a low of 1.0489 to a high of […]