Let's explore the latest developments shaping the outlook for the Euro amidst evolving economic shifts and policy developments. Here's a concise overview of the Euro's current landscape: The Euro has shown resilience in recent trading sessions, maintaining stability amidst changing economic conditions and market uncertainties. Despite challenges, the Euro remains...
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As the Euro (EUR) charts its course through the volatile waters of the global economy in 2024, investors are closely monitoring its trajectory amidst shifting economic landscapes and policy decisions. With inflationary pressures, geopolitical tensions, and trade uncertainties casting shadows over the Eurozone, the EUR faces both challenges and opportunities....
Hello, according to my analysis of the EURUSD pair. The market appears that it may break the Double Bouton pattern if it breaches the support area at the 1.09100 level. We may see the 1.08700 level in the first stage. And the price is 1.08400. In the final stage. Good luck to everyone
Amidst a backdrop of economic uncertainty, the Euro (EUR) faces pivotal challenges and opportunities in the year 2024. With ongoing discussions surrounding fiscal policy, inflationary pressures, and geopolitical tensions, the Eurozone finds itself at a crossroads. Investors closely monitor key indicators, from GDP growth to unemployment rates, to gauge the Euro's...
The EUR is currently experiencing a clear downward trend in its value. This decline is notable across various currency pairs and is attributed to several factors affecting the Eurozone economy. One significant factor contributing to the EUR's decline is the uncertainty surrounding the Eurozone's economic recovery. Despite initial optimism, concerns over sluggish...
The euro, Europe's common currency, has showcased remarkable resilience amidst the prevailing headwinds of the global economy. Despite challenges stemming from geopolitical tensions and inflationary pressures, the euro has remained steadfast, bolstered by the European Central Bank's monetary policies and the region's strong economic fundamentals. Recent...
This old price action saw a rally post Frankfurt session which saw the week open a short repricing lower to take out previous Short Term Lows(STL) of previous post Frankfurt session Lows. Yes, the NWOG (New Week Opening Gap) was also a big factor
- I want to see a bullish session. - PPI and Prelim Consumer Sentiment news this afternoon which may cause a volatile session. - I want to see price target PDH, PWH and PML. - I believe price will trade to a discount of London session before going higher.
Potential bullish London Swing Counter Trend play.
My exceptions is when the price reach the area 1.0831 the price will change the direction cheers
Euro marked its strongest two-month performance in a year, surging 4.4% against the US dollar in November and December 2023. The dollar's weakness largely contributed to this rise, driven by expectations of swift rate cuts from the Federal Reserve, eroding its competitive edge. The European Central Bank (ECB) countered rate-cut pressures. Despite the Fed's...
EUR/USD faces pressure from a stronger US Dollar, hovering near 1.0941, down 0.02%. Daily indicators suggest a potential downtrend continuation if it breaks below 1.0920. On the 4-hour chart, recovery is uneven from oversold levels, with potential further decline under 1.0920. Economic data and FOMC minutes await, as market sentiment remains cautious amid...
Technical Outlook: The EUR/USD rate lingers around 1.1050, swinging between the 50-hour and 200-hour SMAs as 2023 draws to a close. Post-holiday trading will transition into an extended break after the New Year, with EUR/USD finding technical support from the 200-hour SMA just above 1.1000. Daily candlesticks reflect an overbought scenario as the Euro retreats...
EUR/USD extends its upward momentum beyond the psychological level of 1.1100 during the Asian session on Thursday. The US dollar's overall weakness provides some support for the major currency pair, despite the rebound in US Treasury bond yields. Attention is now focused on mid-range US employment data. EUR/USD has confirmed the breakthrough above 1.1000 and...
EUR/USD extended its rise above 1.1100 in the Asian session on Thursday, supported by a weaker US dollar. Despite overbought technical indicators, the pair confirmed the breakthrough above 1.1000. The upward trend remains strong, with potential consolidation between 1.1110 and 1.1080. Key support lies at 1.1050, followed by the 20-period SMA at 1.1030. Corrections...
Our technical outlook for EUR/USD remains unchanged as we await shifts in performance, likely to occur with the return of investors and market activity post the holiday season. Currently, examining the daily chart, there's a discernible upward trend in the pair's performance, holding steady around and above the psychological resistance level of 1.1000. If the...
The Australian Dollar experienced a notable surge as the US Dollar dipped close to its monthly lows. The Reserve Bank of Australia will assess additional data to shape future monetary policy decisions. Softened data from the US reinforces expectations of the Fed easing monetary policy in early 2024, with Q3 annual GDP and QoQ core PCE dropping by 4.9% and 2.0%,...