UOB Group currency strategists predict that the EUR / USD will extend the consolidation between 1.2150 and 1.2265 in the short term. Key Comments: 24 hour view: “Yesterday we expected EUR / USD to ‘move sideways within a 1.2195 / 1.2240’ range. However, EUR / USD fell to 1.2162 before rising again. The outlook is […]
Tag: EURUSD
Strong political support is necessary to continue the economic recovery – Christine Lagarde
Christine Lagarde, president of the Central European Bank (ECB), He reiterated on Wednesday that strong political support will continue to provide a bridge over the pandemic and well into the economic recovery, Reuters reported. “The ECB is committed to preserving favorable financing conditions during this period,” Lagarde added. Market reaction These comments do not appear […]
EUR / USD cuts losses, returns above 1.2200 as USD weakens
DXY is trading sideways on Wednesday, returning below 90.00. EUR / USD bounces off the 20-day simple moving average, with its sights set on daily highs. The EUR/USD It rose 50 pips from the daily low that reached 1.2163 hours ago, and recently rose to the 1.2215 area, erasing daily losses. The bullish move took […]
A deeper pullback would lead to testing 1.2130
EUR / USD prolongs the tone of weakness Tuesday below 1.2200. The next level to watch on the downside is the 1.2130 region. EUR / USD accelerated the decline and broke the 1.2200 support with some conviction. The continuation of the downtrend does not face any relevant support until last week’s lows at the 1.2130 […]
Recovery in Europe seems to be going faster than expected – Klaas Knot
The member of the Governing Council of the European Central Bank (ECB), Klaas Knotsaid on Wednesday that the recovery in Europe appears to be going faster than previously thought. Added that a sustainable recovery is only possible if the coronavirus is contained on a global scale. Market reaction Despite the upbeat comments, the euro seems […]
EUR / USD falls to fresh two-day lows near 1.2200
The EUR/USD has started the day on Wednesday touching an intraday high at 1.2226 in the Asian session. Shortly thereafter it began to slowly give ground, falling in the early European morning hours to a two-day low at 1.2205. This decline has its origin in the rebound of the dollar, whose DXY index reached 90.01 […]
EUR / USD still moving within the 1.2150 / 1.2265 range – UOB
UOB Group currency strategists note that it is expected that EUR / USD remains within the consolidation range of 1.2150-1.2265. Key Comments: 24 hour view: “We expected the EUR / USD to strengthen yesterday, but we highlight that ‘any advance is expected to face solid resistance at 1.2250’. We added, ‘main resistance at 1.2265 is […]
Forex Today – Asian Session: The Dollar Keeps Losing the Battle
What you need to know Wednesday, June 2: The US currency closed lower against most of its major rivals on Tuesday, sie. Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content […]
EUR / USD hits six-day highs above 1.2250 after US data.
The US dollar is mixed across the board, losing steam after US economic data. EUR / USD is approaching last week’s highs, struggling above 1.2250. The EUR/USD rallied further during the US session to 1.2254 reaching the highest level since last Wednesday following the US data.Then, the pair fell back below 1.2250 and remains around […]
EUR / USD reverses trend after rising to 1.2240 and targets 1.2205
Euro change in trend against the dollar, before a strengthening of the greenback. EUR / USD below 1.2220, has as next support 1.2200 / 05. The EUR / USD is declining modestly on Tuesday, after failing to hold on to gains. The price climbed to 1.2241, reaching the highest level since last Wednesday, and then […]