EUR / USD bounces from yearly lows in the 1.2050 / 55 band. The recovery points to the Fibonacci level around 1.2170. EUR / USD rallied to 1.2100 and beyond on Tuesday, rebounding from the 2021 lows area at the 1.2050 zone. If the recovery picks up steam, then the next intermediate hurdle comes in […]
Tag: EURUSD
Support at 1.2058 / 54 will hold for now – Credit Suisse
EUR / USD maintains the 38.2% retracement of the November / January rally and the 55-day average at 1.2065 / 54, Credit Suisse analysts say. They expect this to hold for now and move resistance at 1.2134. Key statements: “EUR / USD has sold off abruptly after confirming a small ‘shoulder-head-shoulder’ top below price support […]
The ZEW sentiment for Germany and the Eurozone surprises with an improvement in January; EUR / USD hits 2-day highs
The index ZEW economic sentiment for the Eurozone has risen almost 4 points in January, standing at 58.3 compared to the previous 54.4, well above the 45.5 expected by the market. This is the best score obtained by the indicator since last September. The ZEW of German economic sentiment has jumped even more strongly, rising […]
Merkel wants to extend the confinement until February 15 – Bild
Before his meeting with the Prime Ministers of State, the German Chancellor, Angela Merkel, said that his wish is that the lockdown runs until February 15, as quoted by the newspaper Bild. The meeting between Merkel and state leaders is due to take place at the end of Tuesday, although it was initially scheduled for […]
Intraday bounces to struggle around 1.2140 – Commerzbank
He EUR/USD It has held the initial test of the 55 day moving average at 1.2058 and the pair has recovered the 1.2100 level. At press time, EUR / USD is up 0.25% on the day, but it should be noted that intraday bounces will struggle around 1.2140, based on Commerzbank. “The EUR / USD […]
Dollar retreats from highs awaiting testimony from Yellen, vaccine and virus news in focus
This is what you need to know to trade today Tuesday, January 19: The US dollar is shrinking its gains as US traders return from a long weekend, pushing equity futures higher. Treasury Secretary candidate Janet Yellen later testifies, laying out the case for fiscal stimulus. The coronavirus continues its advance, with Germany considering more […]
European Commission to present plan to strengthen the role of the euro in the international arena – Bloomberg
The European Commission to present plan on Tuesday, which will describe how the European Union (EU) can strengthen the internationalization role of the euro and thus reduce the dollar’s dominance, Bloomberg reports, citing a draft of the plan. The EC measure is considered likely to insulate the bloc from financial risks. Highlights from the draft […]
Market sentiment continues to favor the dollar
This is what you need to know to trade tomorrow Tuesday, January 19: Boring start to the week, but with the dollar maintaining its dominance, posting modest gains against most of its rivals. A scant macroeconomic calendar Monday was exacerbated by the US holiday as investors await Joe Biden’s inauguration on Wednesday and the ECB’s […]
EUR / USD remains around 1.2060, in a zone of lows in more than a month
Limited tours of the US holiday forex market. EUR / USD just below Friday’s close, remains bearish. He EUR / USD is trading in the 1.2070 zone, just in negative territory for the day. Previously, the price had fallen to 1.2053, the lowest level since December 2. The dollar remains somewhat strong, but limited on […]
A break of 1.2000 seems unlikely
EUR / USD extends the move lower to the 1.2050 zone. More weakness could lead to the 55-day moving average at 1.2037. EUR / USD lost momentum and visited early December lows in the 1.2060 / 55 band, where some support appears to have emerged. The continuation of the downtrend has the potential to challenge […]
