Following a volatile first quarter, EUR / USD gained strong upward traction, breaking above the long-term downtrend line from the 2008 high. Essentially, the fact that the euro managed to overcome this important barrier was a strong bullish signal. The mark of 1.45 would be an ambitious goal for investors who expect the shared currency […]
Tag: EURUSD
EUR / USD declines further from multi-year highs, hits new lows below 1.2230
The euro cuts weekly gains against the US dollar on Friday. EUR / USD is heading towards the highest weekly close since then. The pair EUR/USD it fell during the US session amid risk aversion and as the US dollar made a modest recovery. The pair fell to 1.2224, reaching a new daily low. Despite […]
EUR / USD remains in the 1.2250 zone, consolidating weekly gains
The dollar fails to cut weekly losses. EUR / USD remains close to Thursday’s peak of 1.2272. He EUR / USD is validating significant weekly gains on Friday. It remains around 1.2250, unchanged from Thursday’s close. The price was moving in a small range between 1.2240 and 1.2260 for most of the European session. It […]
EUR / USD with open doors for 1.2355, then 1.25 break to follow – Credit Suisse
EUR / USD has seen a decisive break above 1.2155 and analysts at Credit Suisse maintain a central bullish outlook for a resumption of the uptrend at 1.2355. They see firmer resistance at 1.2518 / 98. Key statements: “Assuming the EUR / USD has a weekly close above 1.2145 / 55, which we see no […]
The IFO business climate index exceeds estimates with 92.1 points in December
The German IFO business climate index stood at 92.1 points in December. IFO’s current economic assessment stood at 91.3 this month. The German IFO expectations index for December reached 92.8. He German IFO general business climate index reached 92.1 points in December, stronger than last month’s 90.7 and beating estimates that pointed to a reading […]
EUR / USD bulls remain in control as the pair rallies to fresh daily highs above 1.2250
Mild USD conditions exacerbated by risk in market sentiment have pushed EUR / USD to new multi-year highs above 1.2250. Brexit hopes could also be helping the cross; The Prime Minister of the United Kingdom and the President of the EU Commission will speak by phone at 19:00 GMT. He EUR/USD it has continued to […]
EUR / USD bulls remain in control near multi-year highs around 1.2250
EUR / USD advanced for the fourth consecutive session amid a sustained selloff of the USD. The disappointing US macroeconomic releases did little to provide respite for USD bulls. Mild overbought conditions could become the only factor limiting earnings. The pair EUR/USD it maintained its strong pitch offered during the early North America session and […]
EUR / USD clings to gains near the 1.2230-35 region, the highest level since April 2018
EUR / USD continues to gain positive traction for the fourth day in a row on Thursday. Bullish Eurozone PMIs on Wednesday and sustained selling around the USD continue to support the pair’s upward move. The slightly overbought daily RSI warrants some caution before opening aggressive bullish positions. The pair EUR/USD kept its buying tone […]
EUR / USD targets 2018 high at 1.2556 – Commerzbank
He EUR/USD trades at 2-year highs and targets 2018 high at 1.2556, while the cFalls should find support at the 1.2073 uptrend, reports Axel Rudolph, senior technical analyst at Commerzbank. “EUR / USD hit a nearly 3-year high at its current December high at 1.2244 as it heads to the 2018 high at 1.2556 and […]
EUR / USD declines below 1.2150 after the Fed opts not to modify the QE program
EUR / USD fell as a result of the FOMC policy announcement after the bank did not modify its QE program. He EUR/USD it has fallen immediately after the FOMC’s monetary policy announcement, falling from around 1.2170 to below 1.2730. On the day, the pair is now trading at a loss of around 0.2% or […]
