It’s evident that the Brazilian real’s value continues to plummet against the eurozone’s single currency. The EUR/BRL trading pair has been very bullish in recent days, climbing to record heights. Unfortunately for the Brazilian real, it’s not expected to recover yet although today, prices are seen steady due to the slight weakness faced by the euro. Looking at...
The euro to the Brazilian real exchange rate has the potential to go down towards its support level as the euro slows down momentarily. Bearish investors are hoping to have their luck against the tides, possibly pulling the prices lower towards their support in the coming days. However, the move will mostly have a minimal dent on the momentum of bulls as it will...
The Brazilian real appears that it lost its recovery momentum since early June, not just against the euro, but also against other currencies. The EURBRL’s prices have been flirting with a critical resistance, and yesterday, prices bounced off aggressively from that level. However, the pair is widely projected to climb higher and break it, ultimately reaching its...
The exchange rate slightly steadies this Monday, but bears are widely expected to come out triumphant in the coming sessions. The pair should go down to its support level this month as the Brazilian real makes an astonishing come back. The news about the European Central Bank’s decision to expand its stimulus program even more than expected failed to support the...
It looks like both the Euro and the Brazilian real aren’t seeing good trajectories this week as both economies show negative news and figures. Brazil’s national economy shrank 1.5% in the first three months this year, which was down from a revised 0.4% jump during the previous quarter in 2019. The drop was the first contraction since 2016, as well as the biggest...
The Brazilian real gets a chance to recover thanks to the recently reported recession in German, the bloc’s biggest economy. The single currency steadies this Tuesday but is widely expected to contract in the coming sessions as investors worry about possible measures from the eurozone to save its powerhouse. Yesterday, the German statistics office reported that...
The pair will continue to move higher in the following days towards its all-time high. The EU’s economic powerhouses, Germany and France, posted their lowest Manufacturing and Services Purchasing Managers Index (PMI) reports in the first week of May. The bimonthly report saw its figure dropping to the lowest level since the 2008 Global Finance Crisis. In addition...
The Euro continues to climb higher against the Brazilian Real as Brazil’s economy will struggle to growth as demand for their commodity exports drop due to the slump in global trade.
As the Brazilian president downplays the novel coronavirus, the Brazilian real crumbles against the euro. Despite being struck by the paralyzing virus, the eurozone’s single currency holds the upper hand in the EURBRL pair. The far-right president of Brazil, Jair Bolsonaro, defied his own government’s social distancing policies against the coronavirus. Bolsonaro...
The pair failed to breakout from a major resistance line, sending the pair lower towards a key support line. Brazil is seeking a Mercosur-UK trade deal, which will be the same agreement with the European Union. This was after thethen second-largest economy in the EU withdraw from the bloc last January 31. Brazil is among the growing number of non-EU countries...
Looking at the recent changes in Brazil the technicals and fundamentals are lining up for a stronger BRL.
BRL may open stronger Thursday, as the central bank delivered an expected 50bp rate cut, but notably removed the following
sentences from the statement.
“In the Copom evaluation, the evolution of the basic scenario and the balance of risks
prescribes an...
The pair failed to breakout from a key resistance line, which will send the pair lower towards a major support line. Unpredictability was seen to be playing its game on the EU-Mercosur trade negotiations. The 20 years negotiation between the European Union and Brazil had finally come into an end after the two (2) economies agreed to draft deal which will open the...
Acredito que esta falha de topo no mensal do EUR e USD com o BRL nos levará pelo menos até a metade dessa perna de alta para de lá definir se o Real volta a apreciar indo testar o fundo ou retoma a alta. Mais provável na minha opinião é o fortalecimento do Real daqui em diante.
THE PRICE HAS TO BREAK THE 3.31 LEVEL TO CONFIRM THAT THE BOTTOM IS IN PLACE AND BIG SUPPORT HAS DONE ITS WORK. FROM THERE IT HAS UPWARDS POTENTIAL TO FIRST RESISTANCE AROUND 3.4819 AND AFTER THAT 3.7687
EURBRL November 2016
the bear roar from march 2016 and break 0.618 suport level. Are this pair are hopeless for bullish?
at daily chart, we can see euro vs brazillian real already break channel down at november 11
and failed to break support level at october 25
this level also a good support for brazillian real at july 2015
so this breakout are a very good sign...
