The EURUSD pair was trapped below the previous key-level (1.2000) until bullish breakout occured to the upside recently in December.Further quick bullish advancement was expressed towards 1.2150 just as expected after failing to find sufficient bearish pressure at retesting of the backside of the...
By the end of November, Signs of BUYING Pressure have been initiated around the depicted price zone of 1.1800-1.1840.Shortly after, the EUR/USD pair has demonstrated a quick upside movement.The pair has targeted the price levels around 1.1990 initially which exerted considerable bearish pressure...
The US dollar may show the worst trading week of this year.
In recent days, the US stock market was rising. All three main US indices have advanced by 2% and more since the beginning of the year.
Strategists at the National Australia Bank note that market participants are focused on the...
To open long positions on EURUSD, you need to:In my morning forecast, I paid attention to the level of 1.2178 and recommended to act based on it. Let's look at the 5-minute chart and talk about what happened. We see how the bulls make an unsuccessful attempt to break through this area, after which...
The EUR / USD pair, before starting the American session, is trading close to the EMA of 200 in 4-hour charts, and above the SMA of 21, the last 2 candles have left a Doji, which means that there is much indecision in the market.There is a probability that the EUR / USD pair, in 4-hour charts, has...
EUR/USD - The market is waiting for the closing prices of this week.In any case, at the time of writing, dollar is increasing against other currencies such as pound and yen, while euro is holding on (for now).Trade long positions only after a strong pullback.Open short positions from 1.2075.The...
Prior 57.5 Composite 40.6 vs 45.5 expected Prior 50.4 Ouch that's a bad miss. Fastest rate of contraction since May 2020. Understandably, GBPUSD not liking it and GBPUSD falling back through S1 daily pivot at 1.36663. DXY finding buyers helped by the falling GBP. Increased restrictions in the UK...
The EUR/USD bulls managed to recover some of their losses for the first half of January due to the calls from the new US administration for the adoption of the $1.9 trillion fiscal stimulus package, Janet Yellen's unwillingness to contribute to a weakening dollar, and moderate optimism from the...
EUR/USD – 1H.On January 21, the EUR/USD pair resumed the growth process in the direction of the corrective level of 76.4% (1.2182). The new upward trend line characterizes the current mood of traders as "bullish". And if this trend is not short, the pair may well perform a return to the highs of...
The US dollar felt a local pressure yesterday. As a result, its position weakened in the markets.The main event in the economic calendar was European Central Bank (ECB)'s meeting, where the regulator expectedly kept the base interest rate on loans at 0%, and the deposit rate at -0.5%.The Central...
