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

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

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

Euro: USD/EUR (EUR=X) Plunges

Euro: USD/EUR (EUR=X) Plunges

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Euro: USD/EUR (EUR=X) Continues To Consolidate

Euro: USD/EUR (EUR=X) Continues To Consolidate

Euro: USD/EUR (EUR=X) Continues To Consolidate The Euro initially tried to rally during the trading session on Tuesday but found the 200 day EMA to be a bit too restrictive to reach to the upside for any significant amount of distance. We also broke down but haven’t necessarily broken any support levels either. The 1.11 […]

Euro: USD/EUR (EUR=X) Lingers Around Moving Average Confluence

Euro: USD/EUR (EUR=X) Lingers Around Moving Average Confluence

Euro: USD/EUR (EUR=X) Lingers Around Moving Average Confluence EUR/USD extended higher on Monday but the rally appears to have stalled at a moving average confluence. The latest inflation data from the United States will be released later in the session which should trigger volatility and ultimately indicate if the pair is to reverse lower from […]

Euro: USD/EUR (EUR=X) Will the Dollar Take the Spotlight Again this Week?

Euro: USD/EUR (EUR=X) Will the Dollar Take the Spotlight Again this Week?

Euro: USD/EUR (EUR=X) Will the Dollar Take the Spotlight Again this Week? The US dollar dominated the major currencies last week and the trade-weighted index (DXY) made a notable technical development. DXY had been trading in a range from the last week of December until the middle of last week but broke higher from the […]

Euro: USD/EUR (EUR=X) showing an attraction to the 1.12 handle

Euro: USD/EUR (EUR=X) showing an attraction to the 1.12 handle

Euro: USD/EUR (EUR=X) showing an attraction to the 1.12 handle The Euro rallied a bit during the beginning of the week, showing an attraction to the 1.12 handle. That’s an area that has offered resistance in the past, and we did in fact break down from there rather significantly. The 1.11 handle is what the […]

Euro: USD/EUR (EUR=X) forecast to stabilise following sharp fall

Euro: USD/EUR (EUR=X) forecast to stabilise following sharp fall

Euro: USD/EUR (EUR=X) forecast to stabilise following sharp fall Volatility in the Euro-to-Dollar exchange rate has spiked over the past 24 hours after the Dollar rose sharply in response to some better-than-forecast U.S. data, and in the process drove the EUR/USD down half a percent. Meanwhile, news of an Iranian retaliation against the U.S. in […]

Euro: USD/EUR (EUR=X) German Retail Sales Tops Expectations in December

Euro: USD/EUR (EUR=X) German Retail Sales Tops Expectations in December

Euro: USD/EUR (EUR=X) German Retail Sales Tops Expectations in December Retail sales in Germany rose 2.1% last month, beating out the analyst estimate for a rise of 1.1%. It was the first time the data beat expectations since the summer. Services data was also better than expected with German, Italian, and Spanish PMI data all […]

Euro: USD/EUR (EUR=X) Sinks on Rising German Joblessness

Euro: USD/EUR (EUR=X) Sinks on Rising German Joblessness

Euro: USD/EUR (EUR=X) Sinks on Rising German Joblessness The Euro US Dollar (EUR/USD) exchange rate fell by -0.3% today, with the pairing currently trading around $1.11 after December’s German Unemployment Change figure rose above forecasts to 8 thousand. Claus Vistesen, Chief Eurozone Economist at Pantheon Macroeconomics, was downbeat in his assessment, commenting: ‘A poor finish […]

Euro: USD/EUR (EUR=X) Manufacturing PMI data Softens in December

Euro: USD/EUR (EUR=X) Manufacturing PMI data Softens in December

Euro: USD/EUR (EUR=X) Manufacturing PMI data Softens in December The final reading of the Eurozone manufacturing PMI for December softened to 46.3 from 46.9 in the prior month. The figure was ahead of analysts’ expectations with the median forecast at 45.9. Chris Williamson of Markit, the company that produces the data, commented that despite the […]

Euro: USD/EUR (EUR=X) Needs to Hold 1.1209 to Sustain Short-Covering Rally

Euro: USD/EUR (EUR=X) Needs to Hold 1.1209 to Sustain Short-Covering Rally

Euro: USD/EUR (EUR=X) Needs to Hold 1.1209 to Sustain Short-Covering Rally The Euro finished higher against the U.S. Dollar on Tuesday as investors continued to express optimism in the growth prospects of the global economy amid the easing of tensions between the United States and China. Although the Euro is rising, it’s actually the weaker […]

Euro: USD/EUR (EUR=X) Struggles At Major Round Figure

Euro: USD/EUR (EUR=X) Struggles At Major Round Figure

Euro: USD/EUR (EUR=X) Struggles At Major Round Figure The Euro broke higher during the trading session on Monday, breaking above the 1.12 level momentarily. At this point, the market is likely to go back and forth in this area, and perhaps do very little due to the fact that New Year’s Day is Wednesday. However, […]

Euro: USD/EUR (EUR=X) The ECB will release its monthly economic bulletin on Friday

Euro: USD/EUR (EUR=X) The ECB will release its monthly economic bulletin on Friday

Euro: USD/EUR (EUR=X) The ECB will release its monthly economic bulletin on Friday On the Macro It’s a particularly quiet week ahead on the economic calendar, with just 13 stats to monitor. In the previous week, 94 stats had been in focus. With many of the markets shut through the middle part of the week, […]

Euro: USD/EUR (EUR=X) Volatility Likely to Slow

Euro: USD/EUR (EUR=X) Volatility Likely to Slow

Euro: USD/EUR (EUR=X) Volatility Likely to Slow Last week was an eventful one. The Conservative party secured a majority in the UK election and a major step forward was made in the US-China trade war. It resulted in a rise of volatility in EUR/USD which had been trading in unusually small ranges for the three […]

Euro: USD/EUR (EUR=X) reaching towards the 1.12 level to turn things around and show signs of exhaustion

Euro: USD/EUR (EUR=X) reaching towards the 1.12 level to turn things around and show signs of exhaustion

Euro: USD/EUR (EUR=X) reaching towards the 1.12 level to turn things around and show signs of exhaustion The EUR/USD pair continues to chop around, reaching towards the 1.12 level to turn things around and show signs of exhaustion. By doing so, it looks as if we may try to stay within this range but if […]

Euro: USD/EUR (EUR=X) A Week Filled with Risk Events

Euro: USD/EUR (EUR=X) A Week Filled with Risk Events

Euro: USD/EUR (EUR=X) A Week Filled with Risk Events After a period of unusually low volatility, EUR/USD is starting to come alive with several risk events to provide the markets a catalyst. Yesterday, the Federal Reserve monetary policy meeting drove EUR/USD above the 1.1100 handle for the first time since the early month. Policymakers kept […]

Euro: USD/EUR (EUR=X) might see a notable pickup in volatility

Euro: USD/EUR (EUR=X) might see a notable pickup in volatility

Euro: USD/EUR (EUR=X) might see a notable pickup in volatility After a few weeks of trading in a narrow range, EUR/USD might see a notable pickup in volatility in the week ahead with several events that the markets will be watching. From a political standpoint, there are two major drivers for the markets this week. […]

Euro: USD/EUR (EUR=X) Investors will also be closely monitoring ongoing developments in the trade war between the US and China

Euro: USD/EUR (EUR=X) Investors will also be closely monitoring ongoing developments in the trade war between the US and China

Euro: USD/EUR (EUR=X) Investors will also be closely monitoring ongoing developments in the trade war between the US and China A Busy Week Ahead After a few weeks of trading in a narrow range, EUR/USD might see a notable pickup in volatility in the week ahead with several events that the markets will be watching. […]

Euro: USD/EUR (EUR=X) Market Participants Await Friday’s NFP Report

Euro: USD/EUR (EUR=X) Market Participants Await Friday’s NFP Report

Euro: USD/EUR (EUR=X) Market Participants Await Friday’s NFP Report After a few market-moving data releases yesterday, the economic calendar is relatively light for EUR/USD until tomorrow. Friday’s US jobs report should trigger some volatility in the FX markets. EUR/USD prices attempted to push higher on Thursday after the ADP reported weaker than expected job growth. […]

Euro: USD/EUR (EUR=X) Data Refreshes Economic Growth Concerns

Euro: USD/EUR (EUR=X) Data Refreshes Economic Growth Concerns

Euro: USD/EUR (EUR=X) Data Refreshes Economic Growth Concerns PMI data out of Europe this week served as a reminder of slowing economic growth and set low expectations for the quarter. Manufacturing data that was released yesterday continued to show a contraction in most European countries. Services data, which were released today, provided little encouragement. Services […]

Euro: USD/EUR (EUR=X) stuck in consolidation

Euro: USD/EUR (EUR=X) stuck in consolidation

Euro: USD/EUR (EUR=X) stuck in consolidation The Euro initially gapped higher to kick off the trading session on Monday, but then pulled back to test the crucial 1.10 level. By doing so, it has shown significant strength but quite frankly at this point I think we are essentially stuck in consolidation. This is the normal […]

Euro: USD/EUR (EUR=X) constrained by German politics, U.S. decision on ‘DST’ tax

Euro: USD/EUR (EUR=X) constrained by German politics, U.S. decision on ‘DST’ tax

Euro: USD/EUR (EUR=X) constrained by German politics, U.S. decision on ‘DST’ tax The Euro was little changed for the week on Friday after a last minute rally averted the prospect of a close below the key 1.10 level, but the exchange rate is at risk of fresh declines in the days ahead, according to the […]

Euro: USD/EUR (EUR=X) Volatility to Slow for Remainder of Week

Euro: USD/EUR (EUR=X) Volatility to Slow for Remainder of Week

Euro: USD/EUR (EUR=X) Volatility to Slow for Remainder of Week With the Thanksgiving holiday, it is like the markets will see a further slowing of volatility in the second half of the week. I suspect intraday traders will continue to fade extreme moves and that the pair will look to close the week out not […]

Euro: USD/EUR (EUR=X) Exchange Rate Outlook “Neutral” As Three Of The Largest US-China Sticking Points Remain

Euro: USD/EUR (EUR=X) Exchange Rate Outlook “Neutral” As Three Of The Largest US-China Sticking Points Remain

Euro: USD/EUR (EUR=X) Exchange Rate Outlook “Neutral” As Three Of The Largest US-China Sticking Points Remain “EUR/USD short-term technicals: Neutral – Yesterday’s euro downswing ran into important support just above the 1.1000 psychological barrier with the common currency bouncing back in a rather unspectacular fashion from its seven-session low of 1.1004. A move below 1.1000 […]

Euro: USD/EUR (EUR=X) catching a bit of a bounce with 1.1000 support in close vicinity

Euro: USD/EUR (EUR=X) catching a bit of a bounce with 1.1000 support in close vicinity

Euro: USD/EUR (EUR=X) catching a bit of a bounce with 1.1000 support in close vicinity US Consumer Confidence Figures Can Trigger Some Volatility The week ahead is expected to be a slow one volatility wise. This is mostly because of the Thanksgiving holiday in the second half of the week that will have many traders […]

Euro: USD/EUR (EUR=X) Further Decline in Volatility Appears Likely

Euro: USD/EUR (EUR=X)  Further Decline in Volatility Appears Likely

Euro: USD/EUR (EUR=X) Further Decline in Volatility Appears Likely EUR/USD ranges in the past two weeks have been much more narrow than usual, and with the Thanksgiving holiday in the week ahead, this trend may continue. Last week, EUR/USD prices fluctuated about 83 pips from high to low. The week before, it was a mere […]

Euro: USD/EUR (EUR=X) price consolidation

Euro: USD/EUR (EUR=X) price consolidation

Euro: USD/EUR (EUR=X) price consolidation The Euro has been somewhat lackluster during the trading session on Friday, going back and forth in very undecided mannerisms. With this, it looks as if we are simply killing time trying to figure out where to go next. I believe that the 1.11 level is going to continue to […]

Euro: USD/EUR (EUR=X) Firming Ahead of Major PMI Results

Euro: USD/EUR (EUR=X) Firming Ahead of Major PMI Results

Euro: USD/EUR (EUR=X) Firming Ahead of Major PMI Results Despite the Federal Reserve continuing to indicate that it will keep US monetary policy paused for the time being, the Euro to US Dollar (EUR/USD) exchange rate is still steadily climbing today. The Euro (EUR) is benefitting from US Dollar (USD) weakness. Since opening this week […]

Euro: USD/EUR (EUR=X) Fed Minutes to Guide the Dollar

Euro: USD/EUR (EUR=X) Fed Minutes to Guide the Dollar

Euro: USD/EUR (EUR=X) Fed Minutes to Guide the Dollar The greenback is gaining some upward momentum in early day trading on Wednesday. Whether it will sustain this move is likely to be determined by the minutes from the last Fed meeting which will be released later in the day. I’m noticing something a bit peculiar […]

Euro: USD/EUR (EUR=X) Exchange Rate Flat, ‘Clock Ticking’ for US-China Trade Deal

Euro: USD/EUR (EUR=X) Exchange Rate Flat, ‘Clock Ticking’ for US-China Trade Deal

Euro: USD/EUR (EUR=X) Exchange Rate Flat, ‘Clock Ticking’ for US-China Trade Deal The Euro US Dollar (EUR/USD) exchange rate held steady today, with the pairing currently trading around $1.106 after investors have become increasingly cautious due to a lack of progress on the US-China trade front. Robert Carnell Chief Economist and Head of Research at […]

Euro: USD/EUR (EUR=X) Approaches a Major Barrier

Euro: USD/EUR (EUR=X) Approaches a Major Barrier

Euro: USD/EUR (EUR=X) Approaches a Major Barrier Following a momentum-driven decline in the early part of the month, EUR/USD has gained some ground and is recovering on the back of some broad-based dollar weakness. However, I think the pair will struggle to cross a major barrier that falls at 1.1072. If it fails to do […]

Euro: USD/EUR (EUR=X) main trend is down according to the daily swing chart

Euro: USD/EUR (EUR=X) main trend is down according to the daily swing chart

Euro: USD/EUR (EUR=X) main trend is down according to the daily swing chart The Euro closed higher against the U.S. Dollar on Friday as renewed optimism over a near-term trade deal between the United States and China bolstered the trade-linked single-currency. Those hopes were generated by upbeat comments from White House economic advisor Larry Kudlow, […]

Euro: USD/EUR (EUR=X) Economic Data has been Improving

Euro: USD/EUR (EUR=X) Economic Data has been Improving

Euro: USD/EUR (EUR=X) Economic Data has been Improving The forex economic calendar has been light for the Euro in recent days, not atypical once we make it past the first few days of the month. Overall, Eurozone economic data has been steadily improving over the past few weeks, at least when trying to measure releases […]

Euro: USD/EUR (EUR=X) plummets into initial support hurdles- near-term risk is lower below the monthly open

Euro: USD/EUR (EUR=X) plummets into initial support hurdles- near-term risk is lower below the monthly open

Euro: USD/EUR (EUR=X) plummets into initial support hurdles- near-term risk is lower below the monthly open Euro has plummeted against the US Dollar since the start of the month with price falling to multi-week range-lows today in New York trade. While the broader focus is still weighted to the topside, the near-term outlook remains vulnerable after reversing off […]

Euro: USD/EUR (EUR=X) showing signs of short-term weakness

Euro: USD/EUR (EUR=X) showing signs of short-term weakness

Euro: USD/EUR (EUR=X) showing signs of short-term weakness The Euro pulled back a bit during the session on Monday to show signs of short-term weakness. The question now is whether or not it can continue to take the move higher. The Euro has pulled back slightly during the trading session on Monday, to show signs of […]

Euro: USD/EUR (EUR=X) to be moved by opinion polls and BOE meeting

Euro: USD/EUR (EUR=X) to be moved by opinion polls and BOE meeting

Euro: USD/EUR (EUR=X) to be moved by opinion polls and BOE meeting The Euro to Dollar exchange rate is trading at around 1.1165 at the start of the new week after rising 0.77% in the week before. Studies of the charts show the pair probably resuming its short-term uptrend after a brief pull-back. The daily […]

Euro: USD/EUR (EUR=X) showing signs of exhaustion

Euro: USD/EUR (EUR=X) showing signs of exhaustion

Euro: USD/EUR (EUR=X) showing signs of exhaustion The Euro initially tried to rally during the trading session on Thursday but struggled at the recent highs again, turning around to show signs of exhaustion. By doing so, it looks as if the market isn’t ready to go higher anytime soon, as the 200 day EMA looms large […]

Euro: USD/EUR (EUR=X) Sellers Take a Swing, Find Fibonacci Support

Euro: USD/EUR (EUR=X) Sellers Take a Swing, Find Fibonacci Support

Euro: USD/EUR (EUR=X) Sellers Take a Swing, Find Fibonacci Support With the late-showing of USD strength during the accompanying press conference EUR/USD sellers began to push-lower on the chart. Support soon showed at a familiar level around 1.1082, which is the 38.2% Fibonacci retracement of the June-October bearish move. The lower-highs that have shown over the past […]

Euro: USD/EUR (EUR=X) support near the 1.1075 level as we continue to go back and forth

Euro: USD/EUR (EUR=X) support near the 1.1075 level as we continue to go back and forth

Euro: USD/EUR (EUR=X) support near the 1.1075 level as we continue to go back and forth The Euro has initially fallen during the trading session on Tuesday, showing signs of weakness yet again, but we have a move higher that has shown that the market is ready to continue to go back and forth. The market […]

Euro: USD/EUR (EUR=X) potentially running into resistance

Euro: USD/EUR (EUR=X) potentially running into resistance

Euro: USD/EUR (EUR=X) potentially running into resistance The Euro rallied a bit during the early part of Monday but continues to see a lot of resistance just above. In fact, the 1.11 level is now going to offer a bit of resistance potentially, and if that’s going to be the case it’s likely that the […]

Euro: USD/EUR (EUR=X) to extend higher following a pull-back

Euro: USD/EUR (EUR=X) to extend higher following a pull-back

Euro: USD/EUR (EUR=X) to extend higher following a pull-back The Euro-to-Dollar rate is trading at around 1.1079 at the start of the new week after falling 0.81% in the week before. Studies of the charts continue to show the pair in a short-term uptrend, however, which is favoured to extend albeit through tough resistance which […]

Euro: USD/EUR (EUR=X) dipped initially but has failed to hang onto the losses

Euro: USD/EUR (EUR=X) dipped initially but has failed to hang onto the losses

Euro: USD/EUR (EUR=X) dipped initially but has failed to hang onto the losses The Euro has broken down during the trading session on Wednesday, reaching below to the 1.11 handle. This is an area that cost a bit of support though, and the candlestick is starting to look rather bullish. However, I don’t necessarily think that it […]

Euro: USD/EUR (EUR=X) currently a bit overstretched

Euro: USD/EUR (EUR=X) currently a bit overstretched

Euro: USD/EUR (EUR=X) currently a bit overstretched The Euro did very little during the day on Monday, as we continue to grind back and forth. The market is currently a bit overstretched, so I would not be surprised at all to see a bit of a pullback coming. The Euro has been relatively quiet during the day […]

Brexit Talks Stand to Drive Volatility to Euro: USD/EUR (EUR=X)

Brexit Talks Stand to Drive Volatility to Euro: USD/EUR (EUR=X)

Brexit Talks Stand to Drive Volatility to Euro: USD/EUR (EUR=X) Price action in the FX markets on Tuesday provided a glimpse of which currencies are likely to see a reaction based on how things progress with reaching a Brexit deal. Since last week, the British pound has been firmly bid and was last seen trading […]

Euro: USD/EUR (EUR=X) Rally Stalls

Euro: USD/EUR (EUR=X) Rally Stalls

Euro: USD/EUR (EUR=X) Rally Stalls Last week EUR/USD rallied above an important technical resistance confluence that I’ve talked about in my last few daily forecasts. At this point, it will be important to asses whether the breakout is real, or just a trap for buyers. One important aspect is assessing technical developments is the longer-term trend. For […]

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

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

Euro: USD/EUR (EUR=X) still in a downtrend The Euro has done very little during the trading session on Monday, as the market is sitting at the 50 day EMA. This is obviously an area that is going to cause some issues, as market participants are looking at both the technical analysis and wondering exactly what just […]

Euro: USD/EUR (EUR=X) to be moved by Brexit and industrial production

Euro: USD/EUR (EUR=X) to be moved by Brexit and industrial production

Euro: USD/EUR (EUR=X) to be moved by Brexit and industrial production The Euro-to-Dollar exchange rate is trading at around 1.1035 at the start of the new week after rising 0.27% in the week before. Studies of the charts are showing the potential for more upside in the short-term dependent on a break to new highs. […]

Euro: USD/EUR (EUR=X) rebound hits resistance and stalls

Euro: USD/EUR (EUR=X) rebound hits resistance and stalls

Euro: USD/EUR (EUR=X) rebound hits resistance and stalls The Euro-to-Dollar rate’s recovery has hit a roadblock and is stalling. There is now a risk the pair could start to move lower again. EUR/USD had been rising during the first week of October after posting new trough lows of 1.0879 on October 1. Yet that recovery […]

Euro: USD/EUR (EUR=X) very likely that the pair is going to continue to drift lower

Euro: USD/EUR (EUR=X) very likely that the pair is going to continue to drift lower

Euro: USD/EUR (EUR=X) very likely that the pair is going to continue to drift lower The Euro continues to find the 1.10 level very resistive on an almost daily basis, as we had seen a lot of selling pressure just above there, and now are forming the fourth candlestick in a row that has a long […]

Euro: USD/EUR (EUR=X) to be moved by German data

Euro: USD/EUR (EUR=X) to be moved by German data

Euro: USD/EUR (EUR=X) to be moved by German data The Euro-to-Dollar exchange rate is trading at around 1.0976 at the start of the new week after rising 0.33% in the week before. Studies of the charts are showing the potential for marginal upside in the short-term followed by a mixed outlook thereafter. The new short-term […]

Euro: USD/EUR (EUR=X) fell to fresh two-year lows

Euro: USD/EUR (EUR=X) fell to fresh two-year lows

Euro: USD/EUR (EUR=X) fell to fresh two-year lows Euro fell to fresh two-year lows against the US Dollar today before rebounding with the broader decline in question heading into the start of October trade. Technical Outlook In my previous Euro Price Outlook we noted that, “Euro turned from downtrend resistance last week and the focus is on a test of key […]

Euro: USD/EUR (EUR=X) continues steady decline

Euro: USD/EUR (EUR=X) continues steady decline

Euro: USD/EUR (EUR=X) continues steady decline The Euro-to-Dollar exchange rate is trading at around 1.0940 at the start of the new week, after falling 0.70% in the week before. Studies of the charts are showing the short-term trend is vulnerable to continuing lower. The daily chart shows the longer-term downtrend and how recent weakness could […]

Euro: USD/EUR (EUR=X) trying to bounce from Lows

Euro: USD/EUR (EUR=X) trying to bounce from Lows

Euro: USD/EUR (EUR=X) trying to bounce from Lows The Euro has initially pulled back during the trading session on Thursday but has bounced a bit as the Americans came on board. At this point, it’s not necessarily something that you can jump into, but it is something that you should be looking at as an opportunity […]

Euro: USD/EUR (EUR=X) US Consumer Confidence Declines in September

Euro: USD/EUR (EUR=X) US Consumer Confidence Declines in September

Euro: USD/EUR (EUR=X) US Consumer Confidence Declines in September The Conference Board reported a drop in the Consumer Confidence Index to 125.1 in September, down from 134.2 in the prior month. The figure fell short of the analyst estimate of 134.1 although the release did not have much of an impact on the dollar. EUR/USD […]

Euro: USD/EUR (EUR=X) momentum indicators backing up bearish sell-off

Euro: USD/EUR (EUR=X) momentum indicators backing up bearish sell-off

Euro: USD/EUR (EUR=X) momentum indicators backing up bearish sell-off The Euro-to-Dollar rate keeps grinding lower and rallies in the Euro provide a good opportunity for traders to buy the U.S. currency at a relatively cheap price before it appreciates further, shows research by Richard Perry, a market analyst at Hantec Markets. Analysing the EUR/USD pair, Perry […]

Euro: USD/EUR (EUR=X) continuation of the overall choppy and difficult situation

Euro: USD/EUR (EUR=X) continuation of the overall choppy and difficult situation

Euro: USD/EUR (EUR=X) continuation of the overall choppy and difficult situation The Euro initially rallied during the trading session on Monday and then ended up breaking below the 1.10 EUR level. By doing so, it shows a continuation of the overall choppy and difficult situation. The Euro initially tried to rally during the trading session on […]

Euro: USD/EUR (EUR=X) consolidating

Euro: USD/EUR (EUR=X) consolidating

Euro: USD/EUR (EUR=X) consolidating The Euro market rallied during the trading session on Thursday, reaching towards the top of the short term range. The 50 day EMA above is painted in red, and it should continue to offer a lot of resistance. The shooting star from several days ago continues offer a major barrier, so that being […]

Euro: USD/EUR (EUR=X) Falls Ahead of Federal Reserve Rate Decision

Euro: USD/EUR (EUR=X) Falls Ahead of Federal Reserve Rate Decision

Euro: USD/EUR (EUR=X) Falls Ahead of Federal Reserve Rate Decision Today’s Euro US Dollar (EUR/USD) exchange rate has slumped, with the pairing currently trading at around $1.1045. The US Dollar (USD) edged up this morning ahead of the US Federal Reserve meeting in which the central bank is expected to cut interest rates by 25 […]

Euro: USD/EUR (EUR=X) on the rise

Euro: USD/EUR (EUR=X) on the rise

Euro: USD/EUR (EUR=X) on the rise The shared currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). It has been reported that Saudi Arabia’s oil output should return to normal faster than anticipated. This improved improved the market sentiment and sent USD down and EUR/USD up. […]

Euro: USD/EUR (EUR=X) rebounds of down-trend resistance

Euro: USD/EUR (EUR=X) rebounds of down-trend resistance

Euro: USD/EUR (EUR=X) rebounds of down-trend resistance Euro reversed off downtrend resistance against the US Dollar last week with decline now testing monthly open support. The immediate focus is on a breakout of last week’s range – these are the updated targets and invalidation levels that matter on the EUR/USD price chart. Technical Outlook In this month’s Euro Weekly Price Outlook we noted […]

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