EUR/USD continues to face stiff resistance from the 200-day moving average

EUR/USD falls back towards the lows for the day at 1.1864 now Invest in yourself. See our forex education hub. The bounce at the start of the week continues to stall for EUR/USD as buyers are finding it tough to negotiate a breakthrough above the 200-day moving average (blue line). That level is seen @ […]

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EUR/USD keeps afloat above 1.1700 but sellers still hold all the cards for now

Tough to find reasons to be bullish EUR/USD at the moment Besides stretched euro long positions being trimmed, it is tough to pick at reasons to be bullish the single currency against the dollar at this moment in time. The vaccine/recovery divergence story is arguably one of the key factors but also with the Fed […]

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EURUSD stays below 200 day MA. Traders will be focused on that level for clues

Stay below the 200 day MA keeps the sellers in control The EURUSD moved below it’s 200 day MA late yesterday, and has been able to stay below today.  The MA comes in around 1.1852.  The high today was in the first hour at 1.1852.  Stay below will be the key barometer for the buyers […]

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EUR/USD nears the week’s lows as dollar keeps steadier so far on the day

The dollar is holding up decently so far in European trading The greenback was mildly softer early on but is now keeping steadier as we navigate through some light push and pull in European morning trade today. Of note, EUR/USD is moving to session lows of 1.1891 and that puts some focus on the week’s […]

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EURUSD rotates back between the 100 and 200 hour moving averages

Break to the upside fails The EURUSD and move lower after the retail sales report. The EURGBP is also pushing back to the downside after earlier gains.  Looking at the hourly chart, the price of the pair broke above a topside trendline in the 200 and 100 hour MAs after waffling up and down for most of Monday’s trade.  […]

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EUR/USD eases to session lows as sellers look to seize near-term control

EUR/USD falls to a low of 1.1918 to start the session Invest in yourself. See our forex education hub. The dollar is holding slightly firmer footing to start the day, helped by a decline in the yuan earlier, though the rest of the market is keeping steadier in general for now. The euro is among […]

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EUR/USD slumps to fresh lows on the day as dollar continues to push higher

EUR/USD falls to 1.1916, nears a test of its 100-hour moving average Invest in yourself. See our forex education hub. It is all about the dollar and yields in European morning trade, as a surge in the former is keeping the greenback bid throughout the session so far. EUR/USD has now fallen to a low […]

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EUR/USD Downtrend Likely Over After ECB Pledges to Ramp-Up Bond Buying

© Reuters. By Yasin Ebrahim Investing.com – The euro jumped against the dollar and looks set to snap its two-week losing streak as experts suggest that the single currency’s downward trajectory is likely over for now following the latest’s European Central Bank monetary policy meeting on Thursday. rose 0.48%, to $ 1.1983. “On what we’ve […]

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EUR/USD turns flat as dollar keeps little changed on the day amid tentative mood

The dollar is staying little changed as the overall market mood is tentative EUR/USD is trading back to flat levels now at 1.1900 after having eased lower to 1.1870 earlier at the start of the session. Of note, price is still keeping just below its 100-hour moving average (red line) @ 1.1911 so sellers are […]

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EUR/USD Set to Snap 4-Day Losing Streak on Dollar Weakness Ahead of ECB

© Reuters. By Yasin Ebrahim Investing.com – The euro looked set to snap its four-day losing streak against the greenback on Tuesday, shrugging off weaker eurozone fourth-quarter growth ahead of the European Central Bank meeting expected later this week. rose 0.50% to $ 1.1902. Eurozone quarterly GDP  was revised down to -0.7% in Q4 from […]

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