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EUR/USD Forecast: Bearish But Oversold Conditions Lift Odds For An Upward Corrective Movement
Monday, February 10, 2020 - 4:45pm | 427Read More...EUR/USD Current Price: 1.0915 EU February Sentix Confidence Index came in at 5.2, above the expected 4. Market players concerned about how the coronavirus outbreak could affect global growth. EUR/USD bearish but oversold conditions lift odds for an upward corrective movement. The week has...
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EUR/USD Forecast: To Defy Gravity Once Below 1.0980 A Strong Static Support Level
Wednesday, February 5, 2020 - 5:10pm | 408Read More...EUR/USD Current Price: 1.0999 Equities kept rallying amid speculation of a coronavirus vaccine, US upbeat figures. The market’s attention shifts toward US employment-related data. EUR/USD to defy gravity once below 1.0980 a strong static support level. The EUR/USD pair pierced the 1.1000...
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EUR/USD Forecast: Gaining Bearish Traction Needs To Break Below 1.1020
Tuesday, February 4, 2020 - 5:51pm | 389Read More...EUR/USD Current Price: 1.1041 Wall Street extended its Monday’s rally, lending support to the greenback. Coronavirus concerns set temporarily aside, outbreak continues to spread. EUR/USD gaining bearish traction needs to break below 1.1020. The greenback has maintained its positive tone...
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EUR/USD Forecast: In Recovery Mode, But Bullish Potential Limited
Thursday, January 30, 2020 - 4:12pm | 365Read More...EUR/USD Current Price: 1.1038 US Q4 GDP matched the previous and the expected with 2.1%. Coronavirus outbreak continues to weigh on the market’s mood. EUR/USD in recovery mode, but bullish potential limited. Once again macroeconomic data was overshadowed by sentiment as renewed concerns...
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EUR/USD Forecast: Unable To Leave The 1.1000 Region, Bulls May Finally Capitulate
Wednesday, January 29, 2020 - 4:51pm | 436Read More...EUR/USD Current Price: 1.1011 The US Federal Reserve maintained the status quo as expected, no market reaction. Focus this Thursday will be on the preliminary estimate of US Q4 Gross Domestic Product. EUR/USD unable to leave the 1.1000 region, bulls may finally capitulate. The EUR/USD pair has...
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EUR/USD Forecast: Technically Bearish, Critical Static Support At 1.0980
Tuesday, January 28, 2020 - 4:27pm | 407Read More...EUR/USD Current Price: 1.1014 Generally encouraging US data further underpinned the greenback. All eyes on the Fed’s decision and Chief Powell speech. EUR/USD technically bearish, critical static support at 1.0980. The EUR/USD pair traded as low as 1.0997, ending Tuesday a few pips above...
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EUR/USD Forecast: Barely Holding Above The 1.1000 Critical Figure
Monday, January 27, 2020 - 4:40pm | 410Read More...EUR/USD Current Price: 1.1014 Fears related to the coronavirus outbreak kept high-yielding assets under pressure. US Durable Goods Orders seen up by 0.5% in December. EUR/USD barely holding above the 1.1000 critical figure. The FX board was all about risk aversion on Monday, amid a...
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EUR/USD Forecast: Further Declines Expected Once Below 1.0980
Thursday, January 23, 2020 - 3:31pm | 465Read More...EUR/USD Current Price: 1.1048 ECB kept its monetary policy “highly accommodative,” will start a strategic review on inflation policy. Markit will release the preliminary estimates of January PMI for the EU and the US. EUR/USD near a fresh January low of 1.1035, further declines...
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EUR/USD Forecast: Steeper Decline Expected On A Break Below 1.1065
Wednesday, January 22, 2020 - 4:08pm | 381Read More...EUR/USD Current Price: 1.1089 ECB expected to maintain the monetary policy on-hold, Lagarde’s outlook on the economy critical. US President Trump revived concerns about a trade conflict with the EU. EUR/USD neutral-to-bearish, steeper decline expected on a break below 1.1065. The greenback...
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EUR/USD Forecast: Repeated Failure To Recover Above 1.11 Lift Odds Of A Steeper Slide
Tuesday, January 21, 2020 - 4:06pm | 445Read More...EUR/USD Current Price: 1.1092 ZEW Survey surprised to the upside in January, provided intraday support to the EUR. The American dollar recovered the market’s favor with Wall Street’s opening. EUR/USD repeated failure to recover above 1.11 lift odds of a steeper slide. The greenback...
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EUR/USD Forecast: Bearish Potential Limited By Higher Highs And Higher Lows
Thursday, January 16, 2020 - 4:19pm | 413Read More...EUR/USD Current Price: 1.1133 US Retail Sales met the market’s expectations in December, core readings upbeat. German inflation came as expected, the EU will publish its data this Friday. EUR/USD bearish potential limited by higher highs and higher lows. The EUR/USD pair surged to 1.1172,...
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EUR/USD Forecast: Flirted With 1.1200 But Was Unable To Clear The Level
Monday, January 6, 2020 - 4:16pm | 431Read More...EUR/USD Current Price: 1.1191 Markit estimates of services output revised higher for the EU and the US. Tensions between the US and Iran keeping investors in cautious mode. EUR/USD flirted with 1.1200 but was unable to clear the level. The EUR/USD pair is ending the first day of the week with...
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EUR/USD Forecast: Could Extend Slump Toward 1.1080
Thursday, January 2, 2020 - 4:27pm | 363Read More...EUR/USD Current Price: 1.1167 The American dollar benefited from dissipating risk-appetite. Final December Manufacturing PMI suffered minor revisions in the EU and the US. EUR/USD has turned bearish in the short-term, could extend slump toward 1.1080. The EUR/USD is ending the day with losses,...
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EUR/USD Forecast: Bullish Case Firmer As The Pair Surpassed The 1.1200 Figure
Monday, December 30, 2019 - 4:24pm | 390Read More...EUR/USD Current Price: 1.1202 A Chinese delegation will head to Washington this Saturday, likely to sign phase one of the trade deal. Wall Street fell despite good news, probably hit by profit-taking. EUR/USD bullish case firmer as the pair surpassed the 1.1200 figure. The EUR/USD pair peaked at...
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EUR/USD Forecast: Holding Above The Critical Support At 1.1065
Monday, December 23, 2019 - 4:05pm | 377Read More...EUR/USD Current Price: 1.1092 US Durable Goods Order surprisingly fell in November by 2.0%. European macroeconomic calendar to remain empty until next Friday. EUR/USD holding above the critical support at 1.1065, but bounces limited. The EUR/USD pair peaked at 1.1095 this Monday, up with Wall...
















