Euro: USD/EUR (EUR=X) Rallies Are Now a Chance To Sell

Euro: USD/EUR (EUR=X) Rallies Are Now a Chance To Sell

Euro: USD/EUR (EUR=X) Rallies Are Now a Chance To Sell The Euro reversed to the upside late Friday as investors, cautiously optimistic about the results of a drug trial and President Donald Trump’s plan to reopen the economy, regained some appetite for risk and in the process took profits in the U.S. Dollar ahead of […]

Euro: USD/EUR (EUR=X) at fresh weekly lows and bearish, break below 1.0800 likely

Euro: USD/EUR (EUR=X) at fresh weekly lows and bearish, break below 1.0800 likely

Euro: USD/EUR (EUR=X) at fresh weekly lows and bearish, break below 1.0800 likely A decisive positive candle got the EUR/USD rally back on track yesterday. The thin volume of the Easter trading period questioned the strength of the near term recovery. However, the bulls fought back really well yesterday in a move which is now […]

Euro: USD/EUR (EUR=X) off Lows With Germany to Reopen Economy as Soon as Monday

Euro: USD/EUR (EUR=X) off Lows With Germany to Reopen Economy as Soon as Monday

Euro: USD/EUR (EUR=X) off Lows With Germany to Reopen Economy as Soon as Monday The euro moved off session lows against the dollar on Wednesday, amid reports Germany, the economic powerhouse of Europe, plans to reopen parts of its economy as soon as Monday. “We have achieved a fragile intermediate success, but we don’t have […]

Euro: USD/EUR (EUR=X) investors move away from the greenback

Euro: USD/EUR (EUR=X) investors move away from the greenback

Euro: USD/EUR (EUR=X) investors move away from the greenback The American currency remained the weakest this Tuesday, leading EUR/USD to advance to 1.0984, its highest in almost two weeks. The market mood began improving during the Asian session, as China published its March Trade Balance, which posted a surplus of $19.9B, better than anticipated, with […]

Euro: USD/EUR (EUR=X) faces immediate resistance on charts this week

Euro: USD/EUR (EUR=X) faces immediate resistance on charts this week

Euro: USD/EUR (EUR=X) faces immediate resistance on charts this week The Euro received a last minute leg-up ahead of the holiday weekend after Eurogroup finance ministers agreed on a fiscal support package for the bloc’s economies, although it’s facing immediate resistance on the charts and technical analysts say it could now range-trade for a while. […]

Euro: USD/EUR (EUR=X) Gains as Risk Appetite Taints Dollar Demand

Euro: USD/EUR (EUR=X) Gains as Risk Appetite Taints Dollar Demand

Euro: USD/EUR (EUR=X) Gains as Risk Appetite Taints Dollar Demand The dollar has had a relatively strong relationship with the equity markets as of late. The sharp decline in the stock market in March led investors to move to cash positions which led to a rally in the dollar index (DXY) to highs not seen […]

Euro: USD/EUR (EUR=X) maintains its bearish stance despite decreased demand for safety

Euro: USD/EUR (EUR=X) maintains its bearish stance despite decreased demand for safety

Euro: USD/EUR (EUR=X) maintains its bearish stance despite decreased demand for safety Financial markets were in a better mood this Monday, amid some encouraging news related to the coronavirus pandemic. According to the latest data available the contagion curve and the death toll seem to be flattening in Italy, Spain and New York, the three […]

Euro: USD/EUR (EUR=X) seen finding support on charts at 1.0778 this week

Euro: USD/EUR (EUR=X) seen finding support on charts at 1.0778 this week

Euro: USD/EUR (EUR=X) seen finding support on charts at 1.0778 this week The Euro unwound almost all of its late March rebound against the Dollar last week and the charts are warning of more losses ahead, although weekend confirmation of a broad slowdown in the continental spread of coronavirus could lift risk appetite over the […]

Euro: USD/EUR (EUR=X) may continue to exhibit a bearish behavior over the coming days

Euro: USD/EUR (EUR=X) may continue to exhibit a bearish behavior over the coming days

Euro: USD/EUR (EUR=X) may continue to exhibit a bearish behavior over the coming days EUR/USD trades to a fresh weekly low (1.0821) ahead of the US Non-Farm Payrolls (NFP) report, and the exchange rate may continue to exhibit a bearish behavior over the coming days as it extends the series of lower highs and lows from […]

Euro: USD/EUR (EUR=X) Plunges

Euro: USD/EUR (EUR=X) Plunges

Euro: USD/EUR (EUR=X) Plunges The Euro has broken down significantly during the trading session on Wednesday, breaking through the 1.10 level and then breaking through the bottom of the candlestick from the previous session. That of course is a very negative sign, but I think we are probably going to see a lot of back and forth […]

Euro: USD/EUR (EUR=X) sharply lower

Euro: USD/EUR (EUR=X) sharply lower

Euro: USD/EUR (EUR=X) sharply lower EUR/USD turned sharply lower yesterday which could be the first step in a trend reversal after a nearly 5% gain from last week’s low. The pair was weighed by a strong dollar as the greenback is seen broadly recovering against the major currencies after a notable fall last week. Home sales […]

Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious

Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious

Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious The euro was a relative underperformer yesterday in the FX market, taking EUR/USD’s price back below its 200-day moving average and broke below its weekly support level before partially, testing conformist breakout strategies at the very start of the week. The news thus far hasn’t been […]

Euro: USD/EUR (EUR=X) rally was the result of persistent dollar’s weakness

Euro: USD/EUR (EUR=X) rally was the result of persistent dollar’s weakness

Euro: USD/EUR (EUR=X) rally was the result of persistent dollar’s weakness The EUR/USD pair has retaken the 1.1000 threshold this Thursday, extending its intraday advance to 1.1044. The rally was the result of persistent dollar’s weakness, as the American currency edged lower against all of its major rivals, despite sentiment fluctuated throughout the day. Asian […]

Euro: USD/EUR (EUR=X) Limited Bullish Potential

Euro: USD/EUR (EUR=X) Limited Bullish Potential

Euro: USD/EUR (EUR=X) Limited Bullish Potential EUR/USD consolidates as the Federal Reserve ramps up its effort to support the US economy, but the exchange rate may continue to give back the advance from the 2017 low (1.0340) as the US Dollar benefits from the flight to safety. EUR/USD REBOUNDS AS FED PLANS TO PURCHASE CMBS BUT WILL IT […]

Euro: USD/EUR (EUR=X) Forecast: Scope To Extend Its Slump Below It

Euro: USD/EUR (EUR=X) Forecast: Scope To Extend Its Slump Below It

Euro: USD/EUR (EUR=X) Forecast: Scope To Extend Its Slump Below It Fretting investors blindly bought the greenback this Wednesday, with major currencies plummeting to multi-year and even multi-decade lows against their American rival. The EUR/USD pair attempted to regain the 1.1000 figure but finally collapsed to 1.0807, approaching this year low at 1.0777. Despite governments […]

Euro: USD/EUR (EUR=X) All Over The Place After Lack Of Cut

Euro: USD/EUR (EUR=X) All Over The Place After Lack Of Cut

Euro: USD/EUR (EUR=X) All Over The Place After Lack Of Cut The Euro initially tried to rally during the trading session on Thursday, but then fell below the 1.1250 level, only to bounce again during the announcement and then sell off again. The Euro continues to look a bit overvalued, but with Christine Largarde failing […]

Euro: USD/EUR (EUR=X) Prepares for Uptrend after ABC Flat Correction

Euro: USD/EUR (EUR=X) Prepares for Uptrend after ABC Flat Correction

Euro: USD/EUR (EUR=X) Prepares for Uptrend after ABC Flat Correction The Euro rapidly rose to levels not seen in more than a year at the open this week but has eased lower to pare gains and to close the weekly gap. The session ahead might see EUR/USD holding within a range, ahead of tomorrow’s ECB […]

Euro: USD/EUR (EUR=X) – Dollar Bulls Encouraged By Fiscal Stimulus Prospects

Euro: USD/EUR (EUR=X) – Dollar Bulls Encouraged By Fiscal Stimulus Prospects

Euro: USD/EUR (EUR=X) – Dollar Bulls Encouraged By Fiscal Stimulus Prospects It was a volatile start to the week but the markets have settled as President Trump shifted to a proactive stance towards the Coronavirus. Trump, who had previously been criticized by media outlets for taking a relaxed view towards the virus, said in a […]

Euro: USD/EUR (EUR=X) Pullback in Uptrend After Hitting 1.12

Euro: USD/EUR (EUR=X) Pullback in Uptrend After Hitting 1.12

Euro: USD/EUR (EUR=X) Pullback in Uptrend After Hitting 1.12 The markets don’t seem to think a 50-basis point rate cut is sufficient and are considering the possibility of another rate cut from the Federal Reserve at the scheduled meeting in just under two weeks. The Fed delivered an emergency rate cut earlier this week in […]

Euro: USD/EUR (EUR=X) Bounces Around In Uncertainty

Euro: USD/EUR (EUR=X) Bounces Around In Uncertainty

Euro: USD/EUR (EUR=X) Bounces Around In Uncertainty The Euro has been overbought for some time, although there are fundamental shifts in perception when it comes to central bank actions. In other words, the Federal Reserve is expected to cut rates, and they certainly have more room to move than the European Central Bank does. The […]

Euro: USD/EUR (EUR=X) Downside Risks Emerge as Risk Appetite Creeps In

Euro: USD/EUR (EUR=X) Downside Risks Emerge as Risk Appetite Creeps In

Euro: USD/EUR (EUR=X) Downside Risks Emerge as Risk Appetite Creeps In The euro benefited from a shift to risk aversion and a weaker dollar last week as the markets continued to aggressively price in a rate cut in the United States. Fed Chair Powell, in a statement on Friday, confirmed that the policymakers will act […]

Euro: USD/EUR (EUR=X) Failed Rally Could Trigger Pull-back into 1.0916 – 1.0883

Euro: USD/EUR (EUR=X) Failed Rally Could Trigger Pull-back into 1.0916 – 1.0883

Euro: USD/EUR (EUR=X) Failed Rally Could Trigger Pull-back into 1.0916 – 1.0883 The Euro rose against the U.S. Dollar on Friday as investors continued to increase bets on a sooner-than-expected rate cut by the U.S. Federal Reserve. The European Central Bank (ECB) is also expected to make a rate cut later in the year, but […]

Euro: USD/EUR (EUR=X) Little Changed As Equities Plunge

Euro: USD/EUR (EUR=X) Little Changed As Equities Plunge

Euro: USD/EUR (EUR=X) Little Changed As Equities Plunge An escalation in Coronavirus fears has led to a plunge in the global equity markets while safe-haven assets such as gold and bonds are firmly bid. The currency market is not reacting all that much to the sudden shift to risk aversion and volatility in FX is […]

Euro: USD/EUR (EUR=X) Consolidates Near 33-Month Low

Euro: USD/EUR (EUR=X) Consolidates Near 33-Month Low

Euro: USD/EUR (EUR=X) Consolidates Near 33-Month Low EUR/USD posted a second consecutive weekly loss and fell to levels not seen since April 2017 last week. The euro was the weakest among the majors and a divergence is seen in the dollar index (DXY). The trade-weighted dollar index and EUR/USD typically carry a strong inverse relationship. […]

Euro: USD/EUR (EUR=X) continues to fall

Euro: USD/EUR (EUR=X) continues to fall

Euro: USD/EUR (EUR=X) continues to fall The Euro has broken down significantly during the week, slicing through the 1.09 level, an area that should have held significantly. That being said though, with the ECB looking to do more buybacks when it comes to bonds, it makes sense that the Euro continues to fall against what […]

Euro: USD/EUR (EUR=X) Downside Pressure

Euro: USD/EUR (EUR=X) Downside Pressure

Euro: USD/EUR (EUR=X) Downside Pressure The EUR/USD exchange rate may have found a near-term floor as a notable support level triggered a bounce yesterday to end a prior six-day bearish streak. Tuesday’s gain was a small one and further price action will reveal if the pair is setting up for a recovery after a sharp […]

Euro: USD/EUR (EUR=X) Weakness Continues

Euro: USD/EUR (EUR=X) Weakness Continues

Euro: USD/EUR (EUR=X) Weakness Continues The euro has started the week out on a negative note, declining against all of the major currencies. A boost in risk sentiment is weighing on the exchange rate as Coronavirus fears have subsided and popular US equity indices rallied to record highs. The price action over the last week […]

Euro: USD/EUR (EUR=X) nice selling opportunity above near the 1.10 level

Euro: USD/EUR (EUR=X) nice selling opportunity above near the 1.10 level

Euro: USD/EUR (EUR=X) nice selling opportunity above near the 1.10 level The Euro has initially fallen during the trading session on Friday, but there has been a significant amount of recovery late in the day as traders go home for the weekend. That being said, this could set up a nice selling opportunity above near […]

Euro: USD/EUR (EUR=X) continues to trade in a fairly tight range

Euro: USD/EUR (EUR=X) continues to trade in a fairly tight range

Euro: USD/EUR (EUR=X) continues to trade in a fairly tight range With concerns over the Coronavirus mounting this week, risk assets have seen volatile price swings while the euro has been little changed against the greenback. The currency pair found a floor yesterday after a brief dip below the psychological 1.1000 handle but continues to […]

Euro: USD/EUR (EUR=X) remains under pressure

Euro: USD/EUR (EUR=X) remains under pressure

Euro: USD/EUR (EUR=X) remains under pressure The U.S. dollar remained largely the currency of choice in early trading in Europe Wednesday, boosted by signs of a strengthening economy ahead of the latest meeting of the Federal Reserve. And more gains are possible given the apparent strength of the U.S. economy. A closely-watched measure of U.S. […]

Euro: USD/EUR (EUR=X) ECB keeps interest-rate at zero, they sound extraordinarily dovish

Euro: USD/EUR (EUR=X) ECB keeps interest-rate at zero, they sound extraordinarily dovish

Euro: USD/EUR (EUR=X) ECB keeps interest-rate at zero, they sound extraordinarily dovish The Euro has initially tried to rally during the trading session on Thursday but gave back the gains in order to break down below the 1.1075 handle and reach even further. That being said, this is a market that looks like it’s trying […]

Euro: USD/EUR (EUR=X) Volatility stands to slow in the session ahead as there are no high impacting economic reports scheduled for release

Euro: USD/EUR (EUR=X) Volatility stands to slow in the session ahead as there are no high impacting economic reports scheduled for release

Euro: USD/EUR (EUR=X) Volatility stands to slow in the session ahead as there are no high impacting economic reports scheduled for release A recovery attempt in EUR/USD on Tuesday was quickly met with sellers on an approach to 1.1120 and the pair has since given back gains and posted a fresh three-week low. Volatility stands […]

Euro: USD/EUR (EUR=X) Treading Water Through January

Euro: USD/EUR (EUR=X) Treading Water Through January

Euro: USD/EUR (EUR=X) Treading Water Through January The Euro has had a modestly positive start to January. Attention remains away from the Eurozone thanks to shifts in key macro themes, namely the US-China trade war Phase 1 deal, US-Iranian geopolitical tensions, the Brexit deadline, and now the Chinese coronavirus. The Euro has gained ground against […]

Euro: USD/EUR (EUR=X) technical outlook conflicted ahead of key data

Euro: USD/EUR (EUR=X) technical outlook conflicted ahead of key data

Euro: USD/EUR (EUR=X) technical outlook conflicted ahead of key data The Euro ceded ground to the Dollar and underperformed many major rivals last week although the charts suggest a further sell-off cannot be ruled out for the days ahead, which will also see the single currency tested by European Central Bank (ECB) rhetoric and IHS […]

Euro: USD/EUR (EUR=X) Strengthening the Correction

Euro: USD/EUR (EUR=X) Strengthening the Correction

Euro: USD/EUR (EUR=X) Strengthening the Correction For five consecutive trading sessions, the price of the EUR/USD pair is trying hard to strengthen the opportunity for an upward correction and break through the 1.1200 psychological resistance, but the pair gains did not exceed the 1.1163 level, despite the announcement of many important economic data and influential […]

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