EUR / USD faced a rejection near 1.2200 and fell around 35-40 pips from daily highs. A modest rally in the USD prompted some selling, although the decline remained limited. Macroeconomic releases from the United States on Wednesday did little to provide a significant boost to the pair. The pair EUR/USD It fell around 35-40 […]
Tag: EURUSD
Bulls expect a sustained break above the 50 HMA for further rises
The EUR / USD flirts with daily highs near 1.2200. It will open further higher on a firm break above the 50 HMA. The hourly RSI remains bullish, allowing for more gains. The EUR / USD is fighting a powerful resistance located near the 1.2200 level, having found strong offers just above 1.2150. The rally […]
EUR / USD declines below 1.2200 as DXY returns above 90.50
EUR / USD has fallen to fresh lows for the day below the 1.2200 level in recent trading amid a broad rally in the US dollar. No specific catalyst has been behind the recent surge in the dollar, but the DXY has managed to cross back above 90.50. The USD has seen a rally in […]
EUR / USD remains sideways below 1.2250, moving shortly after US GDP.
EUR / USD reversed an intraday slide to the 1.2200 level and rose again closer to multi-year highs. A modest rebound in equity markets provided some support and helped limit the initial decline. COVID-19 jitters, stronger US GDP figures propped up the USD and limited gains for the pair. The pair EUR/USD it updated the […]
EUR / USD remains above 1.2200 and bounces above 1.2230
Euro erases much of the day’s losses against the dollar. Day with limited tours on Tuesday, no significant changes. He EUR / USD is trading just in negative territory on Tuesday, away from Monday’s low and holding above 1.2200. In European hours, the price fell to 1.2203, marking a low for the day and then […]
Consumer confidence improves modestly to -13.9 in December
He Euro zone consumer confidence indicator rose 3.7 points to -13.9 in December from -17.6 in November, advanced data released by the European Commission showed on Monday. This reading was slightly better than analysts’ estimate of -16.8. In addition, the European Union consumer confidence increased 3.4 points to -15.3. Both readings remained well below their […]
EUR / USD bounces back to 1.2200 level
The EUR / USD attracted some buying on the dips near the 1.2130 region and reduced intraday losses. New nerves from the coronavirus propped up the dollar as a safe haven and could limit the rise. The pair EUR/USD it has managed to bounce around 70 pips from the daily lows, with the bulls making […]
EUR / USD strongly retreats towards 1.2120 on the dollar rally
Sharp decline in equity markets boosts the dollar. The EUR / USD rally loses steam and the correction is ripe for more. He EUR / USD is having the most significant drop of the month, losing more than 100 pips on Monday, before a rally of the dollar in the market before a crash of […]
DIW points out that the economy will contract 1% in the fourth quarter due to the second hard lockdown
Is economy likely to contract 1% in Q4 2020according to the latest report released by the German economic institute DIW on Monday. Featured Comments: “The economy will contract further in the first quarter of 2021“. “The second hard lockdown in Germany will affect economic production in the winter.” “Only if the situation stabilizes, the economy […]
EUR / USD will move towards 1.25-1.27 and then lower again – Nordea
The EUR / USD consensus is super bullish ahead of 2021, and while economists from Nordea agree on a move towards 1.25-1.27, also take note of several warning signs of “gray swans”. See – EUR / USD: Ambitious target at 1.45 in the coming years – Rabobank “We believe in a move towards 1.25-1.27 but […]
