Euro: USD/EUR (EUR=X) under pressure over a weakening Euro Zone economy

Euro: USD/EUR (EUR=X) under pressure over a weakening Euro Zone economy

Euro: USD/EUR (EUR=X) under pressure over a weakening Euro Zone economy The Euro is under pressure on Thursday due to concerns over a weakening Euro Zone economy. Earlier today, reports showed a drop in manufacturing and services data in Germany and the Euro Zone. This confirmed that the escalating trade disputes are having a negative […]

Euro: USD/EUR (EUR=X) consolidating its losses above the 1.1140 level

Euro: USD/EUR (EUR=X) consolidating its losses above the 1.1140 level

Euro: USD/EUR (EUR=X) consolidating its losses above the 1.1140 level EUR/USD is trading in a bear trend below its main simple moving averages (SMAs) while it has been consolidating for the fourth consecutive day. Overall, the bias in prices is: Sideways. The projected upper bound is: 1.12. The projected lower bound is: 1.11. The projected […]

Euro: USD/EUR (EUR=X) remain towards the bottom of the market consensus

Euro: USD/EUR (EUR=X) remain towards the bottom of the market consensus

Euro: USD/EUR (EUR=X) remain towards the bottom of the market consensus Our forecast of a move to the EUR/USD 1.10 area on a 3 to 6 month view, remain towards the bottom of the market consensus.  While numerically 1.10 is not far away, psychologically it would represent a fairly significant move.” “One explanation for the […]

Euro: USD/EUR (EUR=X) Exchange Rates Flounder as Political Uncertainties Come Back into Focus

Euro: USD/EUR (EUR=X) Exchange Rates Flounder as Political Uncertainties Come Back into Focus

Euro: USD/EUR (EUR=X) Exchange Rates Flounder as Political Uncertainties Come Back into Focus In recent weeks, demand for the Euro has been a little stronger. While this hasn’t been enough to help the Euro to sustain gains against a stronger US Dollar, it has limited the Euro to US Dollar exchange rate’s losses. Investors have […]

Euro: USD/EUR (EUR=X) busy week ahead

Euro: USD/EUR (EUR=X) busy week ahead

Euro: USD/EUR (EUR=X) busy week ahead It’s a particularly busy week ahead. Germany wholesale inflation and Eurozone consumer confidence numbers are due out in the early part of the week. Expect the EUR to be particularly sensitive to consumer confidence numbers. A data deluge on Thursday will be key in the week. Finalized German GDP […]

Euro: USD/EUR (EUR=X) sits at one-week low after GDP boost as trade risks weigh

Euro: USD/EUR (EUR=X) sits at one-week low after GDP boost as trade risks weigh

Euro: USD/EUR (EUR=X) sits at one-week low after GDP boost as trade risks weigh The Euro was languishing at a one-week low Wednesday after official figures confirming a pickup in the economy during the first-quarter failed to inspire a bid for the single currency, with the data coming as major banks continue to downgrade their […]

Euro: USD/EUR (EUR=X) weakness is expected to face solid support at 1.1205

Euro: USD/EUR (EUR=X) weakness is expected to face solid support at 1.1205

Euro: USD/EUR (EUR=X) weakness is expected to face solid support at 1.1205 Intraday risk is tilted to the downside but expect strong support at 1.1205. EUR traded between 1.1220 and 1.1265 yesterday, close to our expected sideway trading range of 1.1215/1.1265. The rapid set-back from 1.1265 has weakened the underlying tone and the intraday risk […]

Is Euro: USD/EUR (EUR=X) rally on trade tensions sustainable?

Is Euro: USD/EUR (EUR=X)  rally on trade tensions sustainable?

Is Euro: USD/EUR (EUR=X) rally on trade tensions sustainable? EUR/USD kept a cautious upward bias on Friday. After a slow start, the pair was propelled to the mid 1.12 area as US CPI data (slightly) missed market expectations. US-German interest rate differentials initially narrowed further, but this move was partially reversed at the end of […]

Euro: USD/EUR (EUR=X) rejected by 50-day moving average

Euro: USD/EUR (EUR=X) rejected by 50-day moving average

Euro: USD/EUR (EUR=X) rejected by 50-day moving average The Euro-to-Dollar rate is set to begin trading around 1.1232 Sunday after rising by a quarter of a percent during the previous week, although studies of the charts suggest further upside may be increasingly difficult for the single currency to attain over the coming days.   Europe’s currency […]

Euro: USD/EUR (EUR=X) recent range finally got broken on a sudden bullish spike

Euro: USD/EUR (EUR=X) recent range finally got broken on a sudden bullish spike

Euro: USD/EUR (EUR=X) recent range finally got broken on a sudden bullish spike EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). On Thursday buyers almost reached 1.1255 where lies the 50 SMA.   Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction […]

Euro: USD/EUR (EUR=X) eurozone economic sentiment fell to its lowest level in more than two years

Euro: USD/EUR (EUR=X) eurozone economic sentiment fell to its lowest level in more than two years

Euro: USD/EUR (EUR=X) eurozone economic sentiment fell to its lowest level in more than two years The actual release outperformed the forecast by 0.1%. Spanish flash GDP figure exceeded estimates too. Even Italian data was quite promising – prelim GDP level was placed at 0.2% against -0.1% forecast. German prelim CPI level beat the forecast […]

Euro: USD/EUR (EUR=X) Firm, Dollar Softens

Euro: USD/EUR (EUR=X) Firm, Dollar Softens

Euro: USD/EUR (EUR=X) Firm, Dollar Softens A slightly busier day of economic data awaits on Tuesday. Starting off with some German industrial data we have factory orders and industrial production. This is important because of the number 1 European economies’ reliance on automobile sales. Next is the UK’s Halifax House Price Index, which while important […]

Euro: USD/EUR (EUR=X) continues to see the 1.12 level offer more selling

Euro: USD/EUR (EUR=X) continues to see the 1.12 level offer more selling

Euro: USD/EUR (EUR=X) continues to see the 1.12 level offer more selling The Euro rallied a bit during the trading session on Monday to kick the week off, but then rolled over near the 1.12 handle. This is an area where you would expect to see trouble, because it is such a large, round, psychologically significant […]

Euro: USD/EUR (EUR=X) Eurozone inflation is expected to climb to 1.7% in April, marking a 5-month high

Euro: USD/EUR (EUR=X) Eurozone inflation is expected to climb to 1.7% in April, marking a 5-month high

Euro: USD/EUR (EUR=X) Eurozone inflation is expected to climb to 1.7% in April, marking a 5-month high Eurozone inflation is expected to climb to 1.7% in April, marking a 5-month high. The stronger reading is a reflection of higher oil prices, which has pushed prices higher. Inflation is moving closer to the ECB target of […]

Euro: USD/EUR (EUR=X) Trades Lower as Fed Reaffirms ‘Patient’ Policy Stance

Euro: USD/EUR (EUR=X) Trades Lower as Fed Reaffirms ‘Patient’ Policy Stance

Euro: USD/EUR (EUR=X) Trades Lower as Fed Reaffirms ‘Patient’ Policy Stance EUR/USD Exchange Rate Steadies Following Losses The Euro to US Dollar (EUR/USD) exchange rate is holding steady this morning after slipping from a one-week high yesterday evening following the Federal Reserve’s policy meeting. At the time of writing the EUR/USD exchange rate is virtually […]

Buy Euro: USD/EUR (EUR=X) ahead of likely GDP surprise says Soc Gen

Buy Euro: USD/EUR (EUR=X)  ahead of likely GDP surprise says Soc Gen

Buy Euro: USD/EUR (EUR=X) ahead of likely GDP surprise says Soc Gen The Euro is a buy ahead of the publication of first-quarter GDP data, according to analysts at Societe Generale, who’re telling clients that pessimism about the single currency outlook has gone far enough just as colleagues elsewhere in the industry are abandoning earlier bets […]

Euro: USD/EUR (EUR=X) continues falling in descending channel

Euro: USD/EUR (EUR=X) continues falling in descending channel

Euro: USD/EUR (EUR=X) continues falling in descending channel The Euro-to-Dollar exchange rate is trading at 1.1139 at the start of the new week after falling about 0.9% in the week before. The U.S. Dollar remains an outperformer in global FX with investors noting the U.S. economy continues to firmly outperform global rivals, a view confirmed […]

Euro: USD/EUR (EUR=X) Target 1.11

Euro: USD/EUR (EUR=X) Target 1.11

Euro: USD/EUR (EUR=X) Target 1.11 The Euro initially tried to rally during the trading session on Thursday, but then rolled over rather significantly. We continue to see a lot of US dollar strength, for a whole host of reasons. The ECB is extremely loose and of course the economic numbers in the European Union aren’t exactly […]

Euro: USD/EUR (EUR=X) gains traction and advances to the mid-1.1200s

Euro: USD/EUR (EUR=X) gains traction and advances to the mid-1.1200s

Euro: USD/EUR (EUR=X) gains traction and advances to the mid-1.1200s The Euro pair may find some upward space on the back of downbeat expected US data and crude upsurge. Investors look forward to April 23 as the UK parliament will reopen after the Easter Recess. In the near term, the bears seemed to remain under […]

Euro: USD/EUR (EUR=X) push-lower re-testing the 1.1250 level

Euro: USD/EUR (EUR=X) push-lower re-testing the 1.1250 level

Euro: USD/EUR (EUR=X) push-lower re-testing the 1.1250 level Tomorrow marks Good Friday, meaning many western markets will remain closed, and Monday brings Easter and will see European markets remain on holiday. But ahead of the long weekend FX markets are showing as much excitement as they have so far in Q2, marked by a strong […]

Euro: USD/EUR (EUR=X) close above 1.1330 would suggest EUR is ready to tackle 1.1400

Euro: USD/EUR (EUR=X) close above 1.1330 would suggest EUR is ready to tackle 1.1400

Euro: USD/EUR (EUR=X) close above 1.1330 would suggest EUR is ready to tackle 1.1400 While we have expected EUR to “trade with an upside bias” for more than a week (see update on 04 Apr, spot at 1.1245), we were of the view that the “prospect for EUR to move to the next resistance at […]

Euro: USD/EUR (EUR=X) steady after positive week

Euro: USD/EUR (EUR=X) steady after positive week

Euro: USD/EUR (EUR=X) steady after positive week EUR/USD has started the week with small gains. Currently, the pair is trading at 1.1310, up 0.10% on the day. Last week, the pair climbed 0.7%, its best week since mid-March. It’s quiet on the fundamentals front, with no major events out of the eurozone. In the U.S., […]

Euro: USD/EUR (EUR=X) data may prove supportive but worries remain over the strength of the Euro-Zone economy

Euro: USD/EUR (EUR=X) data may prove supportive but worries remain over the strength of the Euro-Zone economy

Euro: USD/EUR (EUR=X) data may prove supportive but worries remain over the strength of the Euro-Zone economy The single-currency is gaining strength going into the weekend, aided in part by weakness in the US dollar, and will wait until data releases mid-week until it confirms whether this trend has further to go. The most important […]

Euro: USD/EUR (EUR=X) Single Market Traders Prepare For ECB

Euro: USD/EUR (EUR=X) Single Market Traders Prepare For ECB

Euro: USD/EUR (EUR=X) Single Market Traders Prepare For ECB Monday’s session saw the Euro to US Dollar exchange rate pull away from support at $1.12 to gain almost half-a-percent amid a data-sparse session with the single currency gains attributed to a lack of Greenback appeal. Into Tuesday, the EURUSD was last seen trading at $1.12716, […]

Euro: USD/EUR (EUR=X) in falling channel and expected to extend

Euro: USD/EUR (EUR=X)  in falling channel and expected to extend

Euro: USD/EUR (EUR=X) in falling channel and expected to extend The Euro-to-Dollar rate is trading at 1.1215 at the start of the new week, virtually unchanged from the week before owing to a short-term period of consolidation. If we take a step back however and consider the technical perspective, the outlook for the pair is […]

Euro: USD/EUR (EUR=X) price action suggests investor indecision and impending volatility

Euro: USD/EUR (EUR=X) price action suggests investor indecision and impending volatility

Euro: USD/EUR (EUR=X) price action suggests investor indecision and impending volatility Based on Friday’s close at 1.1215, the direction of the EUR/USD on Monday is likely to be determined by trader reaction to the minor top at 1.1255 and the minor bottom at 1.1183. Holding inside this range will indicate investor indecision. Bullish Scenario Taking […]

Euro: USD/EUR (EUR=X) testing major support

Euro: USD/EUR (EUR=X) testing major support

Euro: USD/EUR (EUR=X) testing major support The Euro continues to bounce around the physical and psychologically important 1.12 handle. This is a market that continues to bounce around in a larger consolidation area, so therefore we should be paying attention to the outer ranges. The Euro has fallen rather hard during trading on Thursday, as we […]

Euro: USD/EUR (EUR=X) still in a consolidation phase

Euro: USD/EUR (EUR=X) still in a consolidation phase

Euro: USD/EUR (EUR=X) still in a consolidation phase The Euro has bounced nicely from the 1.12 level during the trading session on Wednesday, as we continue to see the longer-term consolidation area hold. The 1.12 level is the bottom of this major area, with the 1.15 level above offering massive resistance. As we have reached an […]

Euro: USD/EUR (EUR=X) Factories in the euro zone had their worst month for almost six years

Euro: USD/EUR (EUR=X) Factories in the euro zone had their worst month for almost six years

Euro: USD/EUR (EUR=X) Factories in the euro zone had their worst month for almost six years EUR/USD attempts to retrace the decline from earlier this week as the U.S. Durable Goods Orders report does little to heighten the appeal of the greenback, and the failed attempt to test the 2019-low (1.1176) may spur a rebound in […]

Euro: USD/EUR (EUR=X) Investors are keeping a close eye on the ebb and flow of the U.S.-China trade talks

Euro: USD/EUR (EUR=X) Investors are keeping a close eye on the ebb and flow of the U.S.-China trade talks

Euro: USD/EUR (EUR=X) Investors are keeping a close eye on the ebb and flow of the U.S.-China trade talks After a tough week, EUR/USD has started the week with slight gains. Currently, the pair is trading at 1.1235, up 0.15% on the day. On the release front, it’s a busy day. German and eurozone manufacturing […]

Euro: USD/EUR (EUR=X) key area to watch will be 1.1185 to 1.1176

Euro: USD/EUR (EUR=X) key area to watch will be 1.1185 to 1.1176

Euro: USD/EUR (EUR=X) key area to watch will be 1.1185 to 1.1176 The Euro closed lower on Friday as it edged toward a key long-term retracement level and its March 7 main bottom. After topping on March 20, the single-currency has erased nearly all of its gains from earlier in month. For the month, the […]

Euro: USD/EUR (EUR=X) ECB President Mario Draghi had warned of sustained downside risk for the global economy

Euro: USD/EUR (EUR=X) ECB President Mario Draghi had warned of sustained downside risk for the global economy

Euro: USD/EUR (EUR=X) ECB President Mario Draghi had warned of sustained downside risk for the global economy The EUR/USD experienced a minor correction on the early hours of the Thursday trading session following an escalation in the US Dollar Index. The index had soared on the grounds of an increasing dovish outlook of the major world banks. […]

Euro: USD/EUR (EUR=X) likely to be determined by trader reaction

Euro: USD/EUR (EUR=X) likely to be determined by trader reaction

Euro: USD/EUR (EUR=X) likely to be determined by trader reaction The Euro is trading nearly flat on Tuesday as investors await fresh news about Brexit and a slew of U.S. economic data. Traders are also saying that the single-currency is being supported by economic surveys showing tentative signs of recovery in the Euro Zone economy […]

Euro: USD/EUR (EUR=X) is likely to trade sideways

Euro: USD/EUR (EUR=X) is likely to trade sideways

Euro: USD/EUR (EUR=X) is likely to trade sideways While we indicated last Friday (22 Mar) that “in order to maintain the current momentum, EUR could not afford to ‘dither’ as it would greatly decrease the prospect for further EUR strength”, the subsequent large decline of more than -0.50% (NY close of 1.1313, -0.52%) came as […]

Euro: USD/EUR (EUR=X) recovery faces yearly open resistance at 1.1445

Euro: USD/EUR (EUR=X) recovery faces yearly open resistance at 1.1445

Euro: USD/EUR (EUR=X) recovery faces yearly open resistance at 1.1445 The Euro rally is now testing yearly open / slope resistance and leaves the immediate recovery vulnerable while below 1.1445. From a trading standpoint, we’re looking for signs of support while above 1.1232. If price has indeed turned a corner. That said, a break below […]

Euro: USD/EUR (EUR=X) upside should be limited

Euro: USD/EUR (EUR=X) upside should be limited

Euro: USD/EUR (EUR=X) upside should be limited Outlook in EUR/USD remains unchanged. Further rise could be seen with 1.1294 minor support intact despite loss of upside momentum. But upside should be limited below 1.1419 resistance to complete the corrective rebound from 1.1176. On the downside, below 1.1294 minor support will turn bias to the downside […]

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance EUR/USD’s rebound from 1.1176 could extend higher but it’s still viewed as a corrective move. Hence, upside should be limited below 1.1419 resistance to bring down trend resumption. On the downside, below 1.1294 minor support will turn bias to the downside for 1.1176 low first. […]

Euro: USD/EUR (EUR=X) investors are focused on macro data updates for short term profit opportunities

Euro: USD/EUR (EUR=X) investors are focused on macro data updates for short term profit opportunities

Euro: USD/EUR (EUR=X) investors are focused on macro data updates for short term profit opportunities Since trading session opened for the week in Pacific-Asian market hours, the pair has managed to hold on to steady upside price action and moved well near last week’s highs as the spread difference between 2-year US-Germany government bond yields […]

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance EUR/USD’s rebound from 1.1176 continued last week despite lost of upside momentum. No change in the view that it’s a corrective move. Hence, in case of another rise, upside should be limited below 1.1419 resistance to bring down trend resumption. On the downside, below 1.1277 […]

Euro: USD/EUR (EUR=X) controlled by the Fibonacci level at 1.1327

Euro: USD/EUR (EUR=X) controlled by the Fibonacci level at 1.1327

Euro: USD/EUR (EUR=X) controlled by the Fibonacci level at 1.1327 Renewed concerns over Brexit are putting pressure on the Euro shortly after the U.S. opening. Earlier in the session, the single-currency hit its highest level since March 5, but there was no follow-through to the upside as traders began to square positions after the latest […]

Euro: USD/EUR (EUR=X) ECB interest rates likely to stay low in Europe

Euro: USD/EUR (EUR=X) ECB interest rates likely to stay low in Europe

Euro: USD/EUR (EUR=X) ECB interest rates likely to stay low in Europe The Euro may have rebounded during recent sessions but the outlook from a fundamental perspective remains decidedly uninspiring as the European Central Bank (ECB) appears to jettison its previous plan to withdraw the crutch of crisis-era easing.  The Euro has climbed back up to 1.1300 […]

Euro: USD/EUR (EUR=X) is expected to respond positively irrespective of the outcome of the Brexit vote

Euro: USD/EUR (EUR=X) is expected to respond positively irrespective of the outcome of the Brexit vote

Euro: USD/EUR (EUR=X) is expected to respond positively irrespective of the outcome of the Brexit vote The EUR/USD is expected to respond positively irrespective of the outcome of the Brexit vote today. Currently, there are three possible outcomes. That UK MPs reject May’s proposed deal that is already agreed with the EU, resulting in a […]

Euro: USD/EUR (EUR=X) traders await German data

Euro: USD/EUR (EUR=X) traders await German data

Euro: USD/EUR (EUR=X) traders await German data EUR/USD struggles around 1.1230 while heading towards European sessions on Monday. The pair fall short of extending Friday’s NFP-backed recovery as recent comments from the Fed Chair Jerome Powell gave little importance to the data miss. Monthly readings of German trade balance and industrial production could offer intermediate […]

Euro: USD/EUR (EUR=X) Searches for Support

Euro: USD/EUR (EUR=X) Searches for Support

Euro: USD/EUR (EUR=X) Searches for Support EUR/USD tumbles to fresh yearly lows as the European Central Bank (ECB) plans to implement another round of Targeted Long-Term Refinance Operations (TLTRO), and the exchange rate may continue to search for support over the coming days as clears the 2018-low (1.1216). The announcement suggests the ECB will continue to […]

EU’s Economic Collapse Brings on New ECB Initiatives

EU’s Economic Collapse Brings on New ECB Initiatives

$EUR FLASH: ECB will maintain current level of rates through the end of Y 2019 and launch new targeted longer-term refinancing operation (TLTRO-III) in September European Central Bank presented a huge set of monetary policy initiatives Thursday that sent economists and analysts on Twitter spinning. Below are some of their quick reactions as the EUR […]

Brexit woes and upbeat USD to pressure Euro: USD/EUR (EUR=X)

Brexit woes and upbeat USD to pressure Euro: USD/EUR (EUR=X)

Brexit woes and upbeat USD to pressure Euro: USD/EUR (EUR=X) The EURUSD pair yesterday saw a bearish breakout in American market hours as upbeat US macro data underpinned US Dollar’s positive price action in the broad market. Despite Wall Street continuing to see some level of bearish price action, US Greenback remained unaffected as last […]

Euro: USD/EUR (EUR=X) but at the 1.12 handle

Euro: USD/EUR (EUR=X) but at the 1.12 handle The Euro rolled over a bit during the trading session on Monday, as the pair of shooting star candles foretold of selling pressure. That being the case, we will probably reach down towards the bottom of the overall consolidation area, which is closer to the 1.12 handle. Somewhere […]

Euro: USD/EUR (EUR=X) main focus will be the European Central Bank’s (ECB) policy meeting

Euro: USD/EUR (EUR=X) main focus will be the European Central Bank’s (ECB) policy meeting

Euro: USD/EUR (EUR=X) main focus will be the European Central Bank’s (ECB) policy meeting The Euro US Dollar (EUR/USD) exchange rate closed the initial gap higher in early Monday trading, falling from the weekly open of $1.13825 to trade at $1.13503 – a March low – at the time of writing. For the single currency, […]

Euro: USD/EUR (EUR=X) Headlines on Geopolitical Events To Dominate Price Momentum Across March

Euro: USD/EUR (EUR=X) Headlines on Geopolitical Events To Dominate Price Momentum Across March

Euro: USD/EUR (EUR=X) Headlines on Geopolitical Events To Dominate Price Momentum Across March In the month ahead the early half of will focus on Sino-U.S. trade talk as US President Donald Trump gave contradicting comments in the last week of February. While he first tweeted trade talks were proceeding in a favorable direction, following the […]

Euro: USD/EUR (EUR=X) testing trend resistance set from January 2018 once again

Euro: USD/EUR (EUR=X) testing trend resistance set from January 2018 once again

Euro: USD/EUR (EUR=X) testing trend resistance set from January 2018 once again The Euro is once again testing resistance guiding the move lower from January 2018 against the US Dollar. The appearance of a bearish Dark Cloud Cover candlestick pattern hints that a turn lower may be brewing ahead. Support guiding the upswing form mid-February remains […]

Euro: USD/EUR (EUR=X) investors eye Powell

Euro: USD/EUR (EUR=X) investors eye Powell

Euro: USD/EUR (EUR=X) investors eye Powell EUR/USD is showing little movement in the Wednesday session. Currently, the pair is trading at 1.1404, up 0.10% on the day. On the release front, there are no major German or eurozone events. The U.S. posts minor manufacturing and housing reports, but the focus will be on Fed Chair […]

Euro: USD/EUR (EUR=X) forecast of 124.8 pointing to rising consumer sentiment

Euro: USD/EUR (EUR=X) forecast of 124.8 pointing to rising consumer sentiment

Euro: USD/EUR (EUR=X) forecast of 124.8 pointing to rising consumer sentiment The Euro US Dollar (EUR/USD) exchange rate got off to a choppy start this week with the cross rising to local resistance at $1.13675 before dipping sharply to sub $1.134 only to reverse later in the session and climb once more to local resistance. […]

Euro: USD/EUR (EUR=X) Tipped To Rise As FED Powell Testifies

Euro: USD/EUR (EUR=X) Tipped To Rise As FED Powell Testifies

Euro: USD/EUR (EUR=X) Tipped To Rise As FED Powell Testifies The Euro US Dollar (EUR/USD) exchange rate reached a two-week best over the course of Monday’s trading, with further gains possible according to some analysts. “Fed Chairman Powell is headed to Capitol Hill tomorrow to testify before Congress” notes Kathy Lien, Managing Director of FX […]

Euro: USD/EUR (EUR=X) rotates higher after false break lower

Euro: USD/EUR (EUR=X) rotates higher after false break lower

Euro: USD/EUR (EUR=X) rotates higher after false break lower The Euro-to-Dollar exchange rate is trading at 1.1345 at the start of the new week after rising over half a percent from the previous week. Although continued concerns over Eurozone growth weighed on the Euro it still outperformed the Dollar which fell even more sharply after […]

Euro: USD/EUR (EUR=X) ECB Minutes Show Bank’s Concerns, but Unlikely to Make Changes in March

Euro: USD/EUR (EUR=X) ECB Minutes Show Bank’s Concerns, but Unlikely to Make Changes in March

Euro: USD/EUR (EUR=X) ECB Minutes Show Bank’s Concerns, but Unlikely to Make Changes in March The release of the European Central Bank’s meeting minutes showed policymakers had growing concerns. However, it’s thought unlikely the central bank will blink at its March meeting and make any immediate changes to its monetary policy. It’s expected new projections […]

Euro: USD/EUR (EUR=X) bullish view put forward

Euro: USD/EUR (EUR=X) bullish view put forward

Euro: USD/EUR (EUR=X) bullish view put forward The inverse head-and-shoulders breakout seen in EUR/USD’s 4-hour chart validates the bullish view put forward by the falling channel breakout on Monday and represents a bearish-to-bullish trend change (transition from lower highs and lower lows to higher highs and higher lows).  As a result, the common currency could […]

Euro: USD/EUR (EUR=X) Rebound Still Possible

Euro: USD/EUR (EUR=X) Rebound Still Possible

Euro: USD/EUR (EUR=X) Rebound Still Possible The Euro-to-Dollar exchange rate saw a mixed start to the weekly session, with the Fiber initially pushing higher to post a session best above $1.133 before declining. From an overnight low of ~$1.293, the cross was last seen edging higher at $1.13115. The data schedule for the USD remains […]

Euro: USD/EUR (EUR=X) Rates Fall as Eurozone Economic Concerns Rise

Euro: USD/EUR (EUR=X) Rates Fall as Eurozone Economic Concerns Rise

Euro: USD/EUR (EUR=X) Rates Fall as Eurozone Economic Concerns Rise The Euro US Dollar (EUR/USD) exchange rate was hit several times this week, with disappointing economic data releases further exacerbating fears of a slowing Eurozone economy. The Euro started Monday subdued following the publication of the Irish construction PMI figures, which fell to 54.6. There […]

Battle Between Dollar Bulls and Euro: USD/EUR (EUR=X) Bears

Battle Between Dollar Bulls and Euro: USD/EUR (EUR=X) Bears

Battle Between Dollar Bulls and Euro: USD/EUR (EUR=X) Bears The price action last week suggests investors are being a little tentative about buying strength. In three sessions out of five, the dollar index rallied to highs not touched since early December before closing lower. On Friday, the dollar index reached its highest level since April […]

Euro: USD/EUR (EUR=X) knocked by dollar strength

Euro: USD/EUR (EUR=X) knocked by dollar strength

Euro: USD/EUR (EUR=X) knocked by dollar strength Yesterday’s EUR/USD rally ended with a fresh push to $1.126, with further losses so far this morning. Below $1.121, the price will head towards possible support at $1.1116. The bearish short-term view remains until we see a higher high created, with the $1.134 level as a near-term target. Overall, the […]

Euro: USD/EUR (EUR=X) recovers $1.13, but for how long?

Euro: USD/EUR (EUR=X) recovers $1.13, but for how long?

Euro: USD/EUR (EUR=X) recovers $1.13, but for how long? EUR/USD finally managed a substantial rally yesterday, moving off $1.126 and heading towards $1.134, but at present it looks like a lower high has been created. Further downside targets $1.126, and then to $1.1118. If bulls can hold the price above $1.126 and create a higher high, […]

Euro: USD/EUR (EUR=X) in ongoing correction

Euro: USD/EUR (EUR=X) in ongoing correction

Euro: USD/EUR (EUR=X) in ongoing correction The price of EUR/USD continues to push lower, falling below $1.13 support and heading to the November low at $1.1215. Further declines bring $1.1118 into view. Since September, substantial rallies have met with trendline resistance, and any push back towards $1.143 could well meet the same fate. So far, no change […]

Euro: USD/EUR (EUR=X) fast approaching major support zone

Euro: USD/EUR (EUR=X) fast approaching major support zone

Euro: USD/EUR (EUR=X) fast approaching major support zone EUR/USD is at 1.1320 at the start of the new week after falling 1.20% in the previous week’s trading. The outlook for EUR/USD is marginally bearish with our studies seeing a continuation of the recent decline. However, the pair is reaching a key support zone where further […]

Euro: USD/EUR (EUR=X) Bounce looks likely, a break would be reason to turn more aggressively short

Euro: USD/EUR (EUR=X) Bounce looks likely, a break would be reason to turn more aggressively short

Euro: USD/EUR (EUR=X) Bounce looks likely, a break would be reason to turn more aggressively short Last week, the Euro furthered weakness off confluent trend-line resistance. The move from resistance already has big support in view as the trading range remains quite narrow in historical terms. Only a small handful of times has the 6-month […]

Euro: USD/EUR (EUR=X) heading towards key support

Euro: USD/EUR (EUR=X) heading towards key support

Euro: USD/EUR (EUR=X) heading towards key support EUR/USD continues to fall, with a relentless move lower over the past four days. The price is now below the 50-day simple moving average (SMA), and further declines target the $1.13 level, previously support in late January. Aside from the mid-November spike lower. This has held as strong support […]

Euro: USD/EUR (EUR=X) breaks below key support levels

Euro: USD/EUR (EUR=X) breaks below key support levels

Euro: USD/EUR (EUR=X) breaks below key support levels EUR/USD has been continuing its descent as we move through the week, with a break below $1.1434 and $1.1406 negating the previous creation of higher lows. That points towards further downside, even if we are in retracement mode. Watch out for the 61.8% or 76.4% Fibonacci levels to […]

Euro: USD/EUR (EUR=X) consolidating after recent gains

Euro: USD/EUR (EUR=X) consolidating after recent gains

Euro: USD/EUR (EUR=X) consolidating after recent gains EUR/USD failed to really push on at the end of last week, with Friday’s rebound failing to gain enough traction to push the pair through the $1.1514 peak.That means we could be looking at a retracement, with the recent rally having moved into and reversed around the 76.4% Fibonacci […]

Euro: USD/EUR (EUR=X) bounce has plenty of resistance to contend with

Euro: USD/EUR (EUR=X) bounce has plenty of resistance to contend with

Euro: USD/EUR (EUR=X) bounce has plenty of resistance to contend with The Euro continues to be a difficult handle with volatility extremely low. The 3-month percentage range is the smallest it’s been since the doldrums of 2014. We may not be in for a massive move like the one that began then, but we are […]

Euro: USD/EUR (EUR=X) surges after FOMC

Euro: USD/EUR (EUR=X) surges after FOMC

Euro: USD/EUR (EUR=X) surges after FOMC The weaker dollar lit a rocket underneath the euro yesterday, and we have seen the EUR/USD price push back above $1.15. Further gains target $1.1554 and then $1.16 and the top end of the upward channel. The $1.14 area is key for possible support. Overall, the bias in prices is: Sideways. […]

Euro: USD/EUR (EUR=X) consolidating after recent ascent

Euro: USD/EUR (EUR=X) consolidating after recent ascent

Euro: USD/EUR (EUR=X) consolidating after recent ascent EUR/USD has been consolidating after Friday’s gains, with the pair in rebound mode from the critical $1.1301 support level. As mentioned yesterday, the 76.4% retracement level at $1.1299 points towards a potential that we are not rolling over after failing to create a new higher high. Instead, that could […]

Euro Will Tank as Germany Looks to Stimulate Europe

Euro Will Tank as Germany Looks to Stimulate Europe

Our target for the Euro over the next 2 years is parity to the USD. The EU have failed to recognize 1 simple fact, socialism does not work, and the people look set to pay a heavy price for the ignorance of their politicians. Germany will be left with the added burden of Merkel’s influx […]

Euro: USD/EUR (EUR=X) pushing higher after key support holds up

Euro: USD/EUR (EUR=X) pushing higher after key support holds up

Euro: USD/EUR (EUR=X) pushing higher after key support holds up EUR/USD managed to rebound from the $1.1301 support level on Thursday, with the pair driving higher since. While the wider creation of higher lows has been negated, last week’s drop took us into the 76.4% retracement of the $1.1215-$1.157 rally. Thus, there are arguments on both […]

Euro: USD/EUR (EUR=X) looks to build on Friday gains

Euro: USD/EUR (EUR=X) looks to build on Friday gains

Euro: USD/EUR (EUR=X) looks to build on Friday gains Having rallied sharply on Friday, bouncing off the $1.13 level, the EUR/USD price is back inside the rising trend channel, and also back above the 50-day simple moving average (SMA) of $1.139. Further gains target $1.1453, the 100-day SMA, and then on to $1.1554. Overall, the bias in […]

Euro: USD/EUR (EUR=X) still in trend channel

Euro: USD/EUR (EUR=X) still in trend channel

Euro: USD/EUR (EUR=X) still in trend channel EUR/USD continues to cleave to the rising channel, although we have yet to see a significant bounce. Yesterday saw the index hold the $1.134 area. If this remains the case, the bullish view suggesting a bounce back towards $1.15 remains in place. A close below $1.134 brings horizontal support […]

Euro: USD/EUR (EUR=X) back to channel support

Euro: USD/EUR (EUR=X) back to channel support

Euro: USD/EUR (EUR=X) back to channel support EUR/USD’s fall has continued, but it is now nearing the bottom-end of the rising channel. If a bounce from around these levels takes place, a higher low in the uptrend from November lows has been created. This might suggest a move back towards the top-end of the channel, […]

Euro: USD/EUR (EUR=X) falls into Fibonacci support

Euro: USD/EUR (EUR=X) falls into Fibonacci support

Euro: USD/EUR (EUR=X) falls into Fibonacci support EUR/USD has dropped into the 76.4% retracement amid a sell-off that has brought us back into a crucial area of support. The wider trend highlights the creation of higher highs and higher lows, thus pointing towards a possible bullish reversal in the near future. With an ascending trendline further […]

Euro: USD/EUR (EUR=X) tumbles into potential wider retracement

Euro: USD/EUR (EUR=X) tumbles into potential wider retracement

Euro: USD/EUR (EUR=X) tumbles into potential wider retracement EUR/USD fell below the $1.1422 mark, seemingly paving the way for a wider retracement for the pair. The break through $1.15 last week sparked a rise in the likeliness of an upside surge after this pullback. Despite us currently having broken into a lower low, we saw something […]

Euro: USD/EUR (EUR=X) back on a downward path

Euro: USD/EUR (EUR=X) back on a downward path

Euro: USD/EUR (EUR=X) back on a downward path Having rallied to $1.155, the price of EUR/USD has weakened again, and so far this morning further downward pressure is developing. The previous two sessions saw the pair find support around $1.145, but if this is lost then the lows from a week ago at $1.143 come into play. […]

Euro: USD/EUR (EUR=X) consolidating at Fibonacci support

Euro: USD/EUR (EUR=X) consolidating at Fibonacci support

Euro: USD/EUR (EUR=X) consolidating at Fibonacci support EUR/USD pulled back into the 76.4% retracement last week, with the price continuing to consolidate around that key support level. The ability to remain above that level is going to be crucial in determining where we go from here, for if we break below this $1.1456 support, it would […]

Euro: USD/EUR (EUR=X) busy week ahead

Euro: USD/EUR (EUR=X) busy week ahead

Euro: USD/EUR (EUR=X) busy week ahead For the Dollar, it’s a busy week ahead, with key stats including wholesale inflation and NY State PMI numbers on Tuesday, December retail sales figures on Wednesday and the Philly FED Manufacturing PMI and housing sector figures on Thursday. Following a choppy few weeks in the markets and with […]

Euro: USD/EUR (EUR=X) steady after sharp bounce

Euro: USD/EUR (EUR=X) steady after sharp bounce

Euro: USD/EUR (EUR=X) steady after sharp bounce The sharp rally yesterday has seen the EUR/USD pair move solidly above $1.15. Further gains target the 200-day simple moving average (SMA) at $1.1639, just above the mid-October peak at $1.162. If this current move higher marks the end of the $1.13-$1.15 trading range, then we look to the $1.1852 […]

Euro: USD/EUR (EUR=X) rising towards resistance zone

Euro: USD/EUR (EUR=X) rising towards resistance zone

Euro: USD/EUR (EUR=X) rising towards resistance zone EUR/USD is pushing upwards once more, as the pair seeks to continue creating higher highs. The wider picture for the pair looks like a gradual bottoming out process, with lower highs in October to December reversing to post higher highs since. This points towards a potential bullish breakout for […]

Euro: USD/EUR (EUR=X) returns to top end of range

Euro: USD/EUR (EUR=X) returns to top end of range

Euro: USD/EUR (EUR=X) returns to top end of range Yesterday’s rally saw EUR/USD head towards the $1.15 level once again, but this is still providing resistance, as it has since early November. A close above $1.15 would spark significant upside, targeting $1.1554 and then $1.1623. If the current range holds then the first target is the $1.13 […]

Euro: USD/EUR (EUR=X) pushing higher after recent decline

Euro: USD/EUR (EUR=X) pushing higher after recent decline

Euro: USD/EUR (EUR=X) pushing higher after recent decline EUR/USD has been falling back over the turn of the year, with the price dropping below the key $1.1305 level. To some extent, that fall into a new lower low could signal the start of a more bearish phase coming into play. However, with the price having […]

Euro: USD/EUR (EUR=X) Remains In A Prolonged Consolidation Phase

Euro: USD/EUR (EUR=X) Remains In A Prolonged Consolidation Phase

Euro: USD/EUR (EUR=X) Remains In A Prolonged Consolidation Phase Until we see this market fundamentally change, rates are likely to continue trading sideways. The intermediate-term top appears to be the 1.1500 handle, with the Swing Low at 1.1215 set up as support. These will be two important technical areas moving forward. If rates break from […]

Euro: USD/EUR (EUR=X) 2019 Targets Parity

Euro: USD/EUR (EUR=X) 2019 Targets Parity

Euro: USD/EUR (EUR=X) 2019 No Upside as Europe Fails Overall, the bias in prices is: Downwards. The projected upper bound is: 1.22. The projected lower bound is: 1.00. The projected closing price is: 1.14. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 5 […]

Euro: USD/EUR (EUR=X) rebound provides selling opportunity

Euro: USD/EUR (EUR=X) rebound provides selling opportunity

Euro: USD/EUR (EUR=X) rebound provides selling opportunity EUR/USD as managed to rebound substantially following a sharp deterioration yesterday. That sell-off follows on from the inability to continue creating higher lows, after Friday’s drop below $1.1364. Given this recent trend of lower highs and lower lows, the rebound seen overnight looks like a good selling opportunity. A […]

Euro: USD/EUR (EUR=X) rebounds in early trading

Euro: USD/EUR (EUR=X) rebounds in early trading

Euro: USD/EUR (EUR=X) rebounds in early trading Having dropped sharply in the wake of the Fed decision, EUR/USD has promptly recovered all its losses and is making another attempt to clear $1.14 and hold above the 50-day simple moving average (SMA) of $1.1389. Near-term targets to the upside are $1.1470, $1.15 and then $1.1554. The pair has built […]

Euro: USD/EUR (EUR=X) rallies through notable swing high

Euro: USD/EUR (EUR=X) rallies through notable swing high

Euro: USD/EUR (EUR=X) rallies through notable swing high EUR/USD has once again muddied the water, with the rally through $1.1393 providing a new higher high to negate the lower low formed with the break below $1.1305. That provides a potential bullish phase coming into play, which will likely be determined by affairs at the Federal Open […]

Euro: USD/EUR (EUR=X) rallies into possible selling zone

Euro: USD/EUR (EUR=X) rallies into possible selling zone

Euro: USD/EUR (EUR=X) rallies into possible selling zone The EUR/USD is making another attempt to break higher, spiking towards $1.137. But such surges have not turned out well over the past month. We would need to see a close above $1.14 to provide more evidence that this breakout has some strength behind it. Otherwise it will merely […]

Euro: USD/EUR (EUR=X) rallies back into trendline resistance

Euro: USD/EUR (EUR=X) rallies back into trendline resistance

Euro: USD/EUR (EUR=X) rallies back into trendline resistance EUR/USD has started strengthening after last week’s declines, with the price having rallied into trendline resistance. The break below the $1.1305 mark last week provides a bearish signal and allows greater confidence that this rally will fall short of the $1.1393 swing before breaking lower once again. Whether […]

Euro: USD/EUR (EUR=X) trapped within the 1.12-to-1.14 range

Euro: USD/EUR (EUR=X) trapped within the 1.12-to-1.14 range

Euro: USD/EUR (EUR=X) trapped within the 1.12-to-1.14 range The daily chart is showing what could be the beginnings of another move lower, but there is just to much current congestion on the chart. The open of the day was very near where the Tenken-Sen and Kijun-sen have been at, and they have not deviated much […]

Euro: USD/EUR (EUR=X) challenges trendline resistance

Euro: USD/EUR (EUR=X) challenges trendline resistance

Euro: USD/EUR (EUR=X) challenges trendline resistance Rallies for EUR/USD continue to be capped by trendline resistance from the October highs, with yesterday’s bounce faltering below this level. However, the pair is challenging this level this morning, so this is one to watch. Above $1.14 we may see a rapid break higher towards $1.1554. Meanwhile the sellers will […]