The upward correction of the US dollar is gaining ground, with the EUR / USD pair falling below the 1.22 level. Karen Jones, Head of Technical Analysis Research Team at Commerzbank, expect losses to 1.2130 level and a possible test of the September maximum of 1.2014. “The EUR / USD pair last week saw a […]
Tag: EURUSD
EUR / USD could pull back towards 1.2125 level – UOB
UOB Group currency strategists noted that EUR / USD decline could extend to 1.2120 area in coming weeks. 24 hour perspective: “We highlighted last Friday that there was scope for the EUR to test 1.2225 first before the current weakness stabilized. However, the euro fell to 1.2190 before extending its slide this morning. The iBearish […]
DXY flirting with 90.00 and looking at the DMA of 21
The dollar index continues to flirt with the 90.00 level. The dynamics of the USD have changed since the Democrats took control of Congress after winning the two Senate elections on Tuesday in Georgia. DXY recently outpaced a two-month downtrend that started in early November. The Dollar Index, a trade-weighted basket of major USD exchange […]
EUR / USD hits day highs near 1.2285 after NFP
EUR / USD rises to daily highs after bad NFP data. US nonfarm payrolls fell 140,000 jobs in December. The unemployment rate remained at 6.7%. EUR / USD reacted to the poor US employment data with a rebound that initially went lower, touching 1.2234, and subsequently headed higher, rising 50 pips to a day high […]
EUR / USD Price Analysis a deeper pullback remains on the charts
EUR / USD tests the 21-day moving average around 1.2210 on Friday. Further declines could target the 1.2130 region. EUR / USD further extends momentum to the downside, testing and bouncing from the 21-day moving average near 1.2210 on Friday. Against this, the EUR / USD downward correction could have more stretches to go and […]
EUR / USD finds support near 1.2210, focus on NFP
EUR / USD adds losses to Thursday’s well below 1.2300. The rebound of the dollar continues to weigh on the pair. The US Non-Farm Payrolls are the next big thing on the agenda. The bias offered is still good and solid around the single currency, dragging the EUR / USD to new lows in the […]
The unemployment rate falls to 8.3% in November, improving the 8.5% expected
The unemployment rate fell in the euro zone and the EU in December. The EUR / USD pair continues to trade in negative territory below 1.2250. The seasonally adjusted unemployment rate in the euro area fell to 8.3% in November from 8.4% in October, data published by Eurostat showed on Friday. This reading was better […]
We will ensure that Europeans have sufficient doses of safe and effective coronavirus vaccines
“We make sure Europeans have sufficient doses of safe and effective COVID-19 vaccines“said the president of the European Commission, Ursula von der Leyen, at a press conference on vaccines this Friday. Featured statements: “The EU has assured 300 million additional doses of Pfizer vaccine“. “Now we allow EU countries to buy more doses of the […]
EUR / USD enters a consolidation phase – UOB
The currency strategists of UOB Group noted that the EUR / USD positive phase appears to be over and is now expected to trade sideways in the coming weeks. 24 hour perspective: “Our expectation for the EUR to rise to 1.2360 was incorrect as it sank to 1.2243 after hitting a high of 1.2345. The […]
EUR / USD is consolidating just above 1.2250 after falling around 0.5%
The USD is rebounding after Tuesday’s Democratic victory that gave them control of the Senate. The reduction of the Fed QE program will be a hot topic in 2021. He EUR/USD it is consolidating just above 1.2250 after dropping around 0.5% or roughly 60 pips on the day as a result of the US dollar […]
