EUR/USD – Euro Faces Major Resistance Vs US Dollar

Key Highlights The Euro fell sharply towards the 1.1160 support against the US Dollar this past week where it found buyers. The EUR/USD pair is currently recovering, but faces a major bearish trend line at 1.1220 on the 4-hours chart. Today in the Euro Zone, the Italian Industrial Output change for April 2017 will be released by the National Institute of Statistics, ...
Read More

EUR/USD – Euro To Dollar Eyeing Further Upsides

Key Highlights The Euro is gaining bullish momentum above 1.1250 against the US Dollar. There was a break above a major channel resistance at 1.1185 to open the doors for upsides above 1.1250-60 in EUR/USD. May’s 2017 NFP figure posted an increase of 138K, which was a lot less than the forecast of 185K. Today, the Euro Zone Services PMI for May 2017 will be rele...
Read More

EUR/USD – Euro Remains Supported Above 1.1100 Vs US Dollar

Key Highlights The Euro traded to a new monthly high at 1.1268 against the US Dollar before starting a correction. There is a flag pattern with support at 1.1145 formed on the 4-hours chart of the EUR/USD pair. The US Gross Domestic Product for Q1 2017 (Preliminary) released on the last Friday by the US Bureau of Economic Analysis posted a growth of 1.2%. Today, t...
Read More

EUR/USD – Trend is Super Bullish for Euro To Dollar

Key Highlights The Euro closed the past week above 1.1180 against the US Dollar, and looks set for more upsides. To start an uptrend, the EUR/USD pair broke a major resistance trend line at 1.1095 on the 4-hours chart. Recently in the Euro Zone, the Consumer Confidence for May 2017 (preliminary) released by the European Commission posted a rise from -3.6 to -3.3. ...
Read More

EURUSD – Euro Attempting a Comeback Vs US Dollar

Key Highlights The Euro after a decline towards 1.0840 against the US Dollar this past week found support and recovered. The EURUSD pair is currently trading near a broken support trend line at 1.0930 on the 4-hours chart. The US Consumer Price Index for April 2017 released by the US Bureau of Labor Statistics this past Friday posted a rise of 2.2%, which was less th...
Read More

EURUSD – Euro Stable Post Expected French Elections Results

Key Highlights The Euro opened a few pips higher towards 1.1020 against the US Dollar, but later corrected lower. The EURUSD pair is currently trading near a major horizontal support area at 1.0950 on the 4-hours chart. Today in China, the Foreign Exchange Reserves figure for April 2017 (MoM), released by the State Administration of Foreign Exchange posted ¥3.030T, ...
Read More

EURJPY – Uptrend Intact for Euro To Japanese Yen

Key Highlights The Euro maintained its bullish bias against the Japanese Yen with support on the downside at 121.00. There is a crucial bullish trend line formed with support at 121.30 on the 4-hours chart of EURJPY. Today in Japan, the Services Purchasing Managers Index (PMI) for April 2017 released by Markit Economics posted a decline from 52.9 to 52.2. Today in...
Read More

EURUSD – Can Euro Retain Bullish Trend Vs US Dollar?

Key Highlights The Euro remained above the 1.0800 support against the US Dollar this past, and traded with a positive bias. There are many supports on the downside for the EURUSD pair like 1.0850 and 1.0820. Today in China, the Manufacturing Purchasing Managers Index (PMI) for April 2017 released by the China Federation of Logistics and Purchasing (CFLP) posted a dec...
Read More

EURJPY – Euro To Japanese Yen Overcomes Bearish Trend

Key Highlights The upside move in the Euro continued, as it traded positively above 119.00 against the Japanese Yen. The EURJPY pair is now well above the 119.20 resistance, and the 100 and 200 simple moving averages (H4). Today in Japan, the Corporate Service Price Index (CSPI) for Feb 2017 (YoY) released by the Bank of Japan posted an increase of 0.8%. Today in ...
Read More

EURUSD – Euro Opens With Huge Gap Following French Election

Key Highlights The Euro opened with a monster gap up towards 1.0900 against the US Dollar. The FX market turned risk on after the first round of the French elections suggesting Macron leading as expected. The recent release in the US, the Manufacturing PMI for April 2017 (Preliminary) posted a decline from 53.3 to 52.8. Today in the Euro Zone, the German IFO Busin...
Read More

«...10...1920...30...»