|Day's Range||1.177 - 1.186|
|52 Week Range||1.0348 - 1.2093|
The jobs of both the president of the Eurogroup and Euro Working Group will soon be up for grabs as incumbents step down at the end of the year.
The EUR/USD pair went back and forth during the week, testing the 1.17 level underneath for support, but also rallying enough to test the 1.19 level. It is because of this that we had formed a bit of a neutral candle, and I think we are trying to decide where to go next. If we … Continue reading EUR/USD forecast for the week of October 23, 2017, Technical Analysis
The EURUSD pair spent another week in a consolidation mode and though there has been a bit of volatility over the last week, it basically ended the week going nowhere. This has been the situation with the pair since the last few weeks where the pair has been caught in a 300 pip range between … Continue reading EUR/USD Fundamental Analysis – week of October 23, 2017
The EUR/USD moved lower reversing course mid-day. Prices were initially buoyed by a stronger than expected German PPI report, and a widening current account. The ECB’s Nowatny sees a gradual exit from QE, which also should help buoy the Euro. U.S. yields moved higher, helping the dollar gain traction in the wake of the U.S. … Continue reading EUR/USD Daily Technical Analysis for October 23, 2017
The EUR/USD is trading lower at the mid-session. The Euro posted a wicked two-sided trade, but remained inside yesterday’s range. This indicates investor indecision and impending volatility. Supporting the U.S. Dollar is the passing of the U.S. budget which paves the way for tax reform. Pressuring the dollar is President Trump’s possible appointment of a … Continue reading EUR/USD Mid-Session Technical Analysis for October 20, 2017
These are the Friday’s Daily Trading Signals and here’s how the technical studies line up with the interbank sentiment at 8 AM GMT. Most of the hourly studies are pointing South for the Euro/Dollar. Mid term outlook is neutral and long term brings mixed results. Interbank sentiment is bullish at 17% long. Pound/Dollar has an … Continue reading Forex Trading Signals – October 20, 2017
Good morning traders, the team is here with this week’s last Support and Resistance Level Report. Euro/Dollar has lost some ground and now stands below R1 of 1 1830 and above S1 of 1 18. The lowest resistance line has found 5 matches, and Bollinger Upper Band is among the 3 models for R2. R3 … Continue reading Friday Support and Resistance Levels – October 20, 2017
FRANKFURT (Reuters) - Larger exports of goods boosted the euro zone's current account surplus in August, European Central Bank data showed on Friday, countering concerns about the impact of a stronger ...
EUR/USD Initially, the market went in sideways direction during the Thursday’s session but later fell downward. The market at the 1.18 level offers a good support base extending towards the 1.19 level. The pair rallied upwards and continues to find good buying opportunities. The market is expected to rally towards the psychologically important 1.20 level … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – October 20, 2017
Earlier in the Day: There were no material stats released through the Asian session today, as the markets struggle with a number of driving forces through the week. On Thursday, we saw the Kiwi Dollar slump 1.71% in response to NZ First’s decision to side with Labour in a coalition government, with further declines being … Continue reading With Abe Looking Set to Take the Weekend Election in Japan, Focus Remains on the Dollar and the Effects of Spain on the EUR
The EUR/USD pair went sideways initially during the day on Thursday, but then did dip at one point. It appears that traders like the idea of Spain taking control of Catalonia, as they have bought the EUR Hanover fist since then. The 1.18 level should offer support, and I think it’s only a matter of … Continue reading EUR/USD Forecast October 20, 2017, Technical Analysis
The EURUSD pair moved higher during the course of trading yesterday as hopes of a deal being struck at the Brexit talks improved. Though nothing has been finalised as yet and the stalemate at the talks continued, the statements from Merkel and the UK PM May has suggested that some progress is happening and that … Continue reading EUR/USD Daily Fundamental Forecast – October 20, 2017
Investing.com - The euro rose to one-week highs on Thursday as investors shrugged off political uncertainty in Spain ahead of next week’s European Central Bank meeting, while the New Zealand dollar skidded to the lowest levels in five months.