EUR/USD Price Analysis: Bearish RSI divergence on the daily chart
EUR/USD’s daily chart shows a bearish RSI divergence. The pair looks to have carved out a temporary top above 1.19. EUR/USD fell by nearly 0.80% on W
Read More »EUR/USD Rally Pushes RSI Into Overbought Zone Ahead of FOMC Minutes
It remains to be seen if the FOMC Minutes will derail the EUR/USD rally as the Relative Strength Index (RSI) climbs above 70 for the fourth time this year.
Read More »EUR/USD Rally Continues to Be Accompanied by Extreme RSI Reading
The extreme reading in the Relative Strength Index (RSI) is likely to be accompanied by a further appreciation in EUR/USD like the behavior seen in June.
Read More »Euro Forecast: EUR/USD Outlook Still Bright After Six Weeks of Gains
EUR/USD has now gained ground for six successive weeks, taking it back to levels last seen in 2018, and there is still no sign of its advance tiring.
Read More »FX markets end the week with some dollar weakness across the board
The EUR/USD weekly chart is coming up to a massive resistance zone. This is not the only FX pair moving to a major level as the other charts in the…
Read More »Euro Forecast: Outlook for EUR/USD Still Positive But Beware Profit-Taking
Having broken above the 1.15 level, EUR/USD is well placed to challenge the 1.1621 high reached in October 2018. However, a pullback is possible first after the pair’s recent strong…
Read More »EUR/USD Price Analysis: Probes Friday’s high, bullish breakout on weekly chart
EUR/USD has printed its first weekly close above key average in over a year. The breakout looks to have opened the doors for 1.15. EUR/USD is better
Read More »Euro Forecast: Outlook for EUR/USD Positive After ECB and EU Summit
The week ahead is looking quieter but positive for EUR/USD and the Euro crosses after a busy few days that included both Thursday’s ECB meeting and the weekend EU Summit.
Read More »EUR/USD Price Analysis: 200-week MA is a stiff resistance
EUR/USD bulls need a break above the 200-week SMA. The average has been capping gains since the end of May. EUR/USD is trading near 1.1310 at press t
Read More »Here’s a EUR/USD forecast (to 1.15) with the ECB expected to be optimistic this week
The European Central Bank meet this week, preview below. – Meeting Thursday 16 July 2020 – Policy announcement at 1145GMT (policy likely unchanged) Euro forecast via Danske (this from late…
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