The currency strategists of UOB Group maintain a Bullish view on EUR / USD in the short term. 24 hour perspective: “Our expectation for the EUR to decline did not materialize as it traded between 1.2240 and 1.2306 before settling at 1.2294 (+ 0.38%). The bullish momentum is beginning to improve and the euro appears […]
Tag: EURUSD
EUR / USD consolidates around 1.2300 as markets await Georgia Senate election results
EUR / USD is consolidating near 1.2300 as traders look at the risk of incoming events. US politics (the result of the Georgia Senate race) and data (ISM PMI and NFP services) are in the spotlight. Reflation trading appeared to weigh on the US dollar and help EUR / USD on Tuesday. He EUR/USD it […]
EUR / USD rises towards 1.2300 amid renewed USD weakness
EUR / USD gained traction in the second half of the day. The US Dollar Index is pushing lower towards 89.50. Improving market sentiment appears to be weighing on the dollar. The pair EUR/USD it spent the first half of the day in a relatively tight range near 1.2770, but began to rise during the […]
Open door for the continuation of the uptrend
EUR / USD remains in demand despite the pullback from around 1.2300. Above 1.2300, the peaks of 1.2413 and 1.2476 appear. EUR / USD remains bullish unchanged despite the recent bullish move losing steam in the neighborhood of 1.2300. The constructive bias of the EUR / USD remains unchanged and allows the continuation of the […]
EUR / USD Flirts With Daily Highs Near 1.2280
EUR / USD extends Monday’s gains and targets 1.2300. The German unemployment rate was unchanged at 6.1% in December. ISM’s Manufacturing PMI and US policy will draw investors’ attention later in the day. The common currency maintains its strength intact so far this week and now pushes the EUR / USD pair to the 1.2280 […]
EUR / USD risks a downward correction in the very short term
EUR / USD faces a possible move lower, although solid support is seen at 1.2200, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “We expected the EUR / USD to ‘consolidate in a 1.2200 / 1.2280 range’ yesterday. However, it rose to a high of 1.2309 before rapidly reversing. The underlying tone […]
EUR / USD pulls back towards 1.2250 after rising modestly above 1.2300
EUR / USD has been on the defensive in recent trading amid a deterioration in the broader market appetite for risk. EUR / USD has pulled back towards 1.2250 from earlier above 1.2300. Markets are showing nerves ahead of risk events this week; the Georgia Senate elections, the US PMI ISM and NFP numbers and […]
More go up will expose 1.2400
EUR / USD regains the 1.23 level amid a climate of risk appetite. Higher up are the monthly peaks at 1.2413 and 1.2476. EUR / USD resumed bullish rallies and reversed last Thursday’s sharp retreat after rejection of yearly highs above 1.2300. The positive stance of the EUR / USD therefore remains unchanged and allows […]
EUR / USD extends advance and tests 1.2300
The dollar retakes its falls, DXY falls 0.50% and sets new lows in two years. EUR / USD bounces off Thursday’s pullback and aims to test December highs. The EUR / USD is rising significantly at the start of 2021, climbing 0.65% so far this day, mainly supported by the weak dollar. The price is […]
Germany will extend the blockade beyond January 10
Authorities from Germany’s 16 states agreed, in a conference call over the weekend, extend restrictions, informa Reuters, citando un artÃculo del Frankfurter Allgemeine Sonntagszeitung. Germany is likely to extend a national blockade beyond January 10 to curb the steady rise in coronavirus cases. Chancellor Angela Merkel and regional leaders are likely to announce the extension […]
