EUR/USD

EUR/USD is under pressure again after finding support around 1.1196, which is the 23.6% Fibo retracement of the up leg from 1.1026 to 1.1249 and the 1.1180 level from June 18. After failed attempts to move above the downtrend line, the…

EUR/USD staged a quick recovery last week, with the price crawling above the 200-day simple moving average (SMA) for the first time in more than a year. On Monday, the bullish pattern gained extra credence as the EUR/USD pair extended its…

The European Central Bank is due to announce its latest policy decision on Thursday at 11:45 GMT. No change in policy is being anticipated by the Bank but the meeting will still attract plenty of attention as details about the terms of the…

EUR/USD is flirting with the 40-day simple moving average (SMA) today, after the aggressive rebound on the two-year low of 1.1106, achieved last Thursday. Currently, the EUR/USD pair has been developing within a narrow range of 1.1110 –…

As the euro searches for a bottom, business survey data out of the Eurozone this week could help the single currency put a floor under its recent declines. The flash PMIs from IHS Markit for May will be released on Thursday at 08:00 GMT,…

EUR/USD has reversed back up again after finding support at the 23-month low of 1.1110, achieved on April 26. The price is hovering within the 20- and 40-simple moving averages (SMAs) in the daily timeframe, remaining within the four-month…

EUR/USD has recovered somewhat after the aggressive drop towards the 23-month low of 1.1110 on April 26, stretching further the medium-term descending channel. Currently, the price is still hovering beneath the 20- and 40-simple moving…

EUR/USD bulls went on the offensive Tuesday, chalking up a third consecutive daily gain. A faster-than-anticipated pickup in the Eurozone economy during the first quarter, as well as a diminishing greenback, elevated the H4 candles beyond…

The Fed will announce its policy decision on Wednesday at 18:00 GMT. No action is expected, so Chair Powell’s remarks in the subsequent press conference (18:30 GMT) will likely steal the show. Inflation has cooled lately, which combined…

The buttered euro is expected to come under fresh volatility in the wake of preliminary Q1 GDP growth data out of the Eurozone on Tuesday at 09:00 GMT. The consensus is for a very modest growth as lack of progress in political and economic…