EUR/USD stays firm above 1.1900 even as US Treasury yields stabilize, Yellen-Powell testimony eyed
EUR/USD cools down to the intraday low of 1.1930, before recently picking up bids to 1.1938, during Tuesday’s Asian session. The currency major snappe
Read More »Euro Forecast: Prepare for Possible EUR/USD Break to the Downside
EUR/USD looks ready to break out from the relatively narrow range it has traded in for most of this month. It could go either way but the downside looks more…
Read More »Euro Forecast: EUR/USD Well Supported as Global Central Banks Meet
Last week’s meeting of ECB monetary policymakers failed to weaken Eurozone bond yields, and any further moves higher this week would likely result in corresponding gains for EUR/USD.
Read More »Euro Forecast: EUR/USD to Weaken if ECB Increases Bond Buying
This Thursday’s meeting of ECB policymakers is live; there will be no major changes to Eurozone monetary policy but it could be tweaked in response to rising sovereign bond yields.
Read More »EUR/USD Price Analysis: Key indicator turns bullish for first since Dec 22
EUR/US’s daily chart MACD histogram, an indicator used to identify trend changes and trend strength, has crossed above zero for the first time since D
Read More »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
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