EUR/USD - 24H.
The second week in a row ends with the collapse of the euro/dollar pair. At the end of last week, quite strong macroeconomic statistics were released in the United States, and the US Air Force attacked Syrian facilities, which immediately provoked an increase in "anti-risk"...
The final trading day of the week was packed with major events. Following a publication of the US nonfarm payrolls for February, the US dollar index soared to the highest level in 3.5 months. Yields of 10-year US Treasuries climbed to 1.6%. EUR/USD tested the level of 1.18 for the first time...
The previous episode of upside movement was expressed above the depicted uptrend line (in blue) towards 1.2250 then 1.2350 before it was broken to the downside.On the other hand, Buying Pressure existed around 1.1950 and 1.1990, resulting in two successive upside movements towards 1.2175 and...
In the period between January 15 - January 20, Bearish closure and persistence below 1.2160 was achieved. This helped to abort the ongoing bullish momentum.Quick bearish movement was allowed to pursue towards 1.2050 as well as 1.2000 which failed to apply sufficient bullish pressure. Lack of...
Yesterday after Jerome Powell's speech, EUR / USD has fallen sharply towards the support levels of 1.1962 and is now above Murray's -1/8 located at 1.1901, this level is a strong support, which could give it a technical rebound to the Euro.The fall of the EUR / USD is based on the strength of the...
UK February Halifax house prices -0.1% vs 0.0% m/m expected Latest data released by Halifax - 5 March 2021 Prior -0.3% House prices +5.2% vs +4.6% y/y expected Prior +5.4%Slight delay in the release by the source. After a relatively robust period of housing market activity, average prices are...
Dollar continued to rally amid Fed Chairman Jerome Powell's speech yesterday, which talked about the course of monetary policy in the US and ongoing recovery of its economy. During his speech, Powell pointed out the slight decrease that occurred in Treasuries, as well as the jump in 10-year bonds...
EUR/USD, Daily chart:A study of the daily time frame of the EUR/USD currency pair shows that the market is forming a large upward wave link [X], consisting of sub-waves (A) - (B) - (C) and is a zigzag.At the moment, an impulsive wave (C) of this zigzag is being formed, in which the 1-2-3 sub-waves...
Overview :
The EUR/USD pair reached a new minimum at the price of 1.1952. So, today the price may reach one more minimum around the spot of 1.1952, which coincides with the ratio of 00% Fibonacci - bottom / last bearish wave.
Today, the EUR/USD pair is challenging the psychological resistance...
The main for the entire trading week will be the data on the labor market of the United States of America. These indicators have always been perceived by market participants with special attention and reaction. Now, in difficult times of crisis, labor reports from the United States will once again...
