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 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 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 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 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 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 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 […]
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) 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 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 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 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 […]
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 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 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) Support at 1.10 The Euro has initially tried to rally during the trading session on Tuesday but then fell rather hard. By doing so, the market has formed a very ugly looking candle stick, as we reach towards the 1.12 level underneath. I think there is plenty of support there, that not only […]
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 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 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) 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 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 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 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 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 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) 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) 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 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) 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 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 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) 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 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 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 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 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) is on the slide The EUR/USD has had a week to forget for the most part, but the good news is that we saw a bit of a bounce on Friday. The main story of the week was the changing guidance from the ECB and more bank loans, in a bid to […]
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 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 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 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 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) 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 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 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 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 […]
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) 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 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 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 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 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) in retreat once more EUR/USD failed to break $1.15 last week, and further declines have been seen since then. The pair now targets $1.13 in the event of a wider decline, and below this the $1.12 level comes into view. While oversold in the short term, the price needs to rally above $1.146 […]
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 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 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 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 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 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) steady ahead of ECB The price of EUR/USD moved off the $1.134 zone yesterday, and so far this morning a dip down to that area has been met with fierce buying. If the price continues to bounce, a move back towards the top end of the range is possible. Overall, the bias in prices […]
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 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) Bullish On The Euro Euro weakness has it backing down amidst the chop again that’s mired its outlook since late October. With a little more weakness support will come into play via a trend-line from the November low. The trend-line makes up the lower parallel of a developing bear-flag. Within the context […]
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 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 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 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) 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 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 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 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 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 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) main trend is up The main trend is up but since changing trend on December 20, the Euro has been under pressure. A trade through 1.1487 will signal a resumption of the uptrend while a move through 1.1270 will change the main trend to down. The minor trend will change to down […]
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 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 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) 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 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 […]