Category: EURUSD
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EUR/USD set for more pain, Macquarie says, as political uncertainty strikes again By Investing.com
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Investing.com — It was hit hard on Monday as winds of political uncertainty quickly emerged on the continent, prompting calls for more pain ahead for the single currency. “We are committed to our view that EUR/USD will reach 1.05, and remain there, in the second half of 2024,” Macquarie said…
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EU politics – French President Macron has called a snap election. EUR/USD a touch lower.
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On Sunday, French President Emmanuel Macron called for early elections. His decision came after the far-right National Rally party led by Marine Le Pen achieved very strong results in the European elections held in Sydney. Le Pen achieved the largest gains in the European Parliament elections The Greens and Liberals…
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EURUSD tests 100 day MA target. Below the 38.2% retracementof the May range
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EURUSD reaches the 100-day moving average US non-farm payrolls came in stronger than expected. This led to the US dollar and EUR/USD rising to new lows during the week. The down move has now reached – and is now through – 38.2% of the up move from the May 1…
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EURUSD sellers make a play on a move below the 100 hour MA. Can the 200 hour MA be broken?
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EUR/USD fell after stronger than expected ISM non-manufacturing data. After holding support against the 100 hourly moving average at 1.08627, sellers have now pushed the price below this moving average. The 200 hourly moving average is now the next target at 1.08535. The 50% move up from the end of…
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EURUSD sellers push the pair down to the 100/200 hour converged MAs. Stalls the fall.
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EUR/USD rose yesterday until it reached its 100 and 200 hour moving averages. Sellers took hold of this level and pushed the price lower during the Asian session as buyers came in support against its 100-day moving average (blue line at 1.08074). The price then started to move to the…
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EUR/USD dribble under 1.0800 brings key support levels into the picture
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The daily chart is the main focus of EUR/USD at the moment: Daily chart of EUR/USD The pair is falling back below the 1.0800 level currently, with the dollar remaining in control amid higher returns this week. The latter also affects the overall risk sentiment, doubling the dollar’s advantage across…
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UBS sees limited EUR/USD breakout potential above 1.10 by 2025 By Investing.com
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UBS has provided a forecast for the currency pair, suggesting that it may test the lower end of the current 1.05-1.10 range in the coming months. The company’s analysts expect the pair to move towards 1.05-1.07 after the euro’s recent rise, as the European Central Bank (ECB) is expected to…
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Chart Art: EUR/USD Is Testing a Long-Term Downtrend Resistance!
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Looking for more USD settings to trade? It looks like the EUR/USD pair has just fallen off the key Resistance zone! Will the pair continue its long-term downward trend in the next few days? EUR/USD 4-hour Forex chart Chart by TradingView In case you missed it, the EUR/USD pair was…
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BofA projects EUR-USD to hit 1.12 by year-end, above consensus By Investing.com
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Bank of America (BofA) has released its forecast for the currency market, predicting that the EUR/USD exchange rate will reach 1.12 by the end of the year. The bank’s analysts expect most of the euro’s appreciation to occur in the second half of the year, and placed their forecasts above…
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European markets mixed as traders digest Fed minutes (EUR:USD)
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Caithpins/E+ via Getty Images LONDON (UKX) -0.19% UK Composite PMI fell to 52.80 points in May Germany (DAX:IND) +0.19% Germany’s composite manufacturing PMI beat expectations in May France (CAC:IND) +0.27% HCOB France Services PMI fell to 49.4 in May The Eurozone Services PMI (HCOB) reached 53.3 maybe. European STOXX 600…
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European markets dip after UK inflation misses forecast (EUR:USD)
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Da-kook/E+ via Getty Images LONDON (UKX) -0.45% UK inflation fell to 2.3% in April, higher than market expectations of 2.1%. However, it is the lowest since July 2021. UK public sector net borrowing rose to £20.5 billion in April. Germany (DAX:IND) -0.20% France (CAC:IND) -0.43% Sweden’s unemployment rate rose to…
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EUR/USD rally expected to persist, says BofA By Investing.com
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Bank of America (BofA) analysts provided insights into currency market trends, pointing to a significant rally in the pair last week. This increase is due to the weak US CPI report. Bank of America signals indicate that the uptrend for the EUR/USD is likely to continue. The bank’s analysis pointed…
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Update technical look at the EURUSD as the price stretches to new session highs
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EURUSD extends to a new session high and in the process: It succeeded in breaking away from the 100-day moving average at 1.08235, The 61.8% retracement of the downward move from the March high at 1.08354 moved above it. It extends towards the next swing zone between 1.0875 and 1.0887.…
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EUR/USD on verge of bullish breakout
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Investing.com – The foreign exchange market appears to be turning bearish relative to the US dollar, according to Bank of America Securities, suggesting that the EUR/USD pair is on the verge of an upward breakout. Over the past week, option biases have moved widely for US dollar put options, as…
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Kickstart the FX trading day for April 10 w/a look at the EURUSD, USDJPY and GBPUSD.
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In this April 10 introductory video, I take a look at three of the major currency pairs from a technical perspective – EUR/USD, USD/JPY, and GBP/USD. In this report, I also take a quick look at the USD/CAD pair after a stronger than expected April jobs report showed a gain…
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EURUSD runs higher. USD move to the downside continues
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EUR/USD rises as the dollar is sold. Above 100 hours MA. The US dollar is under increasing pressure. Initial jobless claims in the US were weaker and began to decline. For EURUSD, it is moving above the technical zone defined by the swing zone between 1.0752 and 1.0756 (see chart…
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European markets in green, extending global rally (EUR:USD)
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Da-kook/E+ via Getty Images London (UKX) is closed for the bank holiday Germany (DAX:IND) +0.29% Germany’s services PMI improved to 53.2 in April France (CAC:IND) +0.16% France’s services PMI rose to 51.3 in April The services PMI and composite PMI rose to an 11-month high in the euro zone. Spain’s…
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EURUSD sets technical levels in the ups and downs after the US jobs report.
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EURUSD rose sharply after the US jobs report, and in the process extended above the 50% midpoint of the move down from the March high and also the 200-day moving average (at 1.0797 currently). The price extended above those levels and the top of the swing zone up to 1.08036.…
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EURUSD falls below key moving averages and sees increased selling pressure.
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EURUSD breaks lower and moves away from the 100/200 hourly moving averages Admittedly, EURUSD is trading near the middle of the range between 1.0550 and 1.0743. The range has been in effect for the last 6 trading days or so. When the market moves up and down, moving averages move…