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EUR/USD: The Price Has Exited The Triangle Downwards
Given that the euro has broken through the trend line on the daily timeframe, and that the dollar index has rebounded from support, today we expect the single currency to continue its slide against the greenback to around the 1.0747 mark.
EUR/USD: Euro Could Go Either Way
The euro/dollar has returned to the balance line. At the time of writing, the euro is trading at 1.0793. On the hourly timeframe, the technical picture is bullish, so in the first half of the day, I'm expecting to see 1.0820.
EUR/USD: Upward Trend Continues
The euro/dollar pair closed up on Tuesday. The single currency found some support from Le Pen's lacklustre performance in the French presidential debate as well as from the British pound, which strengthened after the release of UK inflation figures.
EUR/USD: Price Hugging The Balance Line
A tall upper shadow formed on Monday's daily candlestick, which is a bearish signal. Traders ignored the fall in US bond yields as well as the growth on the EUR/GBP cross.
EUR/USD: Monday V Friday
During trading in Asia, the rate restored by 30 points to 1.0764. Today is Monday, correction day. I'm not paying attention to the news in my forecast, in which I'm expecting the single currency to strengthen against the US dollar to 1.0789.
EUR/USD: Bearish Divergences Have Formed On The AO And CCI Indicators
After reaching the 1.0774 level, the EUR/USD pair entered a correctional phase. In Asia, the pair is currently trading within a narrow range. Despite the fact that the buyers' share of the market is 80%, my forecast for today is looking south.
EUR/USD: Correction To The 45th Degree Likely
The euro made some significant gains during Wednesday's trading. From a low of 1.0607, the euro appreciated against the US dollar by 133 pips up to 1.0740.
EUR/USD: The Euro Has Stabilised Around 1.0600
On Tuesday, trading on the euro closed in negative territory. The price corrected by around 61.8% after a rally from 1.0525 to 1.0714. During the US session, the euro weakened against the dollar to 1.0600.
EUR/USD: A Pin Bar Formation Has Recently Appeared
Trading on the euro on Monday closed down. The EUR/USD rate fell from a maximum of 1.0714 to 1.0651 (-63 pips). The economic calendar was empty and the euro underwent a correction across the market after Friday's rally.
EUR/USD - A Bull’s Game: Strengthening Of The Euro Expected By Way Of Correction
Movement on the EUR/USD pair continues to correlate with that of 2005. According to historical patterns, a large downwards correction is due to take place after the 15th of April. Despite this, the rate may still deviate significantly upwards.
EUR/USD: Monday Vs. Friday - March 13
The euro closed up after trading on Friday. The single currency managed to reach the D3 line after the publication of the US jobs report.
EUR/USD: Price Hovering Around The Trend Line
Trading on the euro on Thursday closed up. After Draghi's press conference, the euro restored to 1.0615.
EUR/USD: The Euro Has Fallen On The Back Of A Rise In Us Bond Yields
On Wednesday, trading on the euro closed down. During trading in New York, the euro fell to 1.0535 as the release of statistics in the US fell kindly in the dollar.
EUR/USD: Awaiting A Renewed Minimum
Trading on the EUR/USD pair closed down on Tuesday. The single currency depreciated against the dollar on the back of a rise in US 10-year bond yields and a drop in their German equivalent.
EUR/USD: Weakening Trend Continues
The euro is unlikely to be able to make any gains against the dollar in the wake of the ECB's meeting (on Thursday).
Dollar Recovering Its Losses
During today's European session, the dollar is recovering its Friday losses, incurred on the back of Janet Yellen's comments. The GBP/USD rate has fallen from 1.2300 to 1.2248.
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