EUR/USD Price Analysis: Forms head-and-shoulders pattern
EUR/USD is trading near 1.2094, representing a 0.11% drop on the day. The daily chart shows the pair has carved out a head-and-shoulders pattern with
Read More »US Dollar Outlook: EUR/USD Under Pressure as Volatility Ramps
EUR/USD price action edged notably lower on Wednesday amid broad-based US Dollar strength as volatility spiked and Fed Chair Powell cautioned markets about a slowing economic recovery.
Read More »Here’s a readout of what Biden and Merkel discussed on a Tuesday phone call
This is the White House ‘readout’ of the call. Biden is busy patching up relations with US allies. Meanwhile, EUR/USD is little changed in Asia morning trade.
Read More »EUR/USD Price Analysis: Looks north with falling wedge breakout on 4H
EUR/USD is trading close to 1.2140, representing marginal gains on the day. The 4-hour chart shows a falling wedge breakout on the 4-hour chart, a bul
Read More »EUR/USD Price Analysis: Muted reaction to Biden’s stimulus talk, Friday’s close pivotal
The US President-elect Joe Biden unveiled a much-anticipated coronavirus rescue plan a few minutes before press time, promising $2,000 in stimulus che
Read More »EUR/USD Price Analysis: 1.2140 has emerged as strong support
EUR/USD’s downturn from the Jan. 6 high of 1.2349 has stalled with sellers struggling to keep losses below 1.2140. That level has restricted downside
Read More »EUR/USD Price Analysis: Rising wedge breakdown confirmed
EUR/USD has dived out of a rising wedge pattern represented by trendlines connecting Nov. 4 and Nov. 23 lows and Oct. 21 and Dec. 3 highs. Backed by a
Read More »EUR/USD Price Analysis: Probing the psychological level of 1.23
EUR/USD is trading near the psychological level of 1.23 at press time, having failed to establish a foothold above that level for the fourth straight
Read More »USD Price Outlook: Pound-Dollar Recoils Lower, Will it Last?
The US Dollar traded mixed on Monday as GBP/USD price action dropped 110-pips while EUR/USD notched a 27-pip advance and implied volatility readings cool off during the holidays.
Read More »EUR/USD Price Analysis: Rejected above 1.22
EUR/USD bulls struggle to establish a foothold above the psychological hurdle of 1.22 for the third consecutive day. The pair is currently trading nea
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