EURUSD Forecast May 23, 2017, Technical Analysis
The EURUSD pair initially fell on Monday, but found the 24-hour exponential moving average to be supportive enough to turn the market around, and send it back above the 1.12 level.
FXE
Dollar Woes Continue As Merkel Says Euro Is Too Weak
Last week was a bad one for the US dollar. Market participants questioned whether it was premature to assume a June rate rise was forthcoming and that the path of future interest rate rises would be the same as those as set out by the FOMC’s projections.
GBPUSD Set To Break 1.30 Amid Improving UK Data
Economic data out of the UK released in the last couple of days has been pound-positive, yet the GBPUSD is still holding below the 1.30 handle. But for how long? Given that the positively-correlating EURUSD pair has already broken well above its own corresponding psychological hurdle at 1.10 after a sharp rally, the cable could be playing catch up.
EURUSD Upsurge Continues
The euro continues to defy gravity. The single currency is up sharply against all of its major rivals, including the pound which took a beating despite stronger UK inflation figures released this morning.
EUR/USD Forecast May 15, 2017, Technical Analysis
The EURUSD pair broke higher during the session on Friday, clearing the top of both the Wednesday and Thursday candles after less than stellar US numbers came out.
EURUSD Forecast May 10, 2017, Technical Analysis
After initially gapping higher on Monday, the EURUSD pair has fallen apart. This was a “buy the rumor, sell the news” type of situation when it came to the French elections, and this pullback has been absolutely brutal.
EURUSD Forecast May 5, 2017, Technical Analysis
The EURUSD pair rally during the day on Thursday, slamming into the 1.0950 level. That is the top of the recent consolidation area though, and with the job number coming out during the day as well, I believe that it makes sense that the market will probably struggle to make any real headway now.
EURUSD Forecast May 1, 2017, Technical Analysis
The EURUSD pair rallied initially on Friday, breaking above the 1.09 handle.
EURUSD Countertrend Setup Apr 26, 2017
EURUSD is moving inside an ascending channel on its 4-hour chart and is currently approaching the resistance at 1.0950 to 1.1000. If this area keeps gains in check, the pair could head back to support at the 1.0700 major psychological level or at least until the mid-channel area of interest.
EURUSD Forecast April 25, 2017, Technical Analysis
The EURUSD pair gapped at the open on Monday, as the French elections gave traders confidence in the EUR again.