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 […]

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: 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 […]

Euro: USD/EUR (EUR=X) tumbles from key trendline resistance

Euro: USD/EUR (EUR=X) tumbles from key trendline resistance

Euro: USD/EUR (EUR=X) tumbles from key trendline resistance EUR/USD managed to fall sharply yesterday, amid a burgeoning fiscal crisis in France. Interestingly, we saw the price respect the descending trendline that seemed to be negated on Friday. This has taken us into trendline and horizontal support, with the price currently consolidating marginally above the notable $1.1305 […]

Euro: USD/EUR (EUR=X) will fall to new lows in 2019

Euro: USD/EUR (EUR=X) will fall to new lows in 2019

Euro: USD/EUR (EUR=X) will fall to new lows in 2019 The Euro-to-Dollar exchange rate will fall to new lows next year, according to the latest forecasts from Barclays, as the European Central Bank (ECB) outlook darkens, political risks linger and the greenback remains top-dog in currency markets. The Dollar will remain dominant next year, Barclays says in its […]