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Outlook: July highs back in play ahead of Fed decision
Read Time: 3 minutesEUR/USD is edging towards fresh multi-year highs, with momentum signals favouring upside. Whether the rally extends now rests with the Fed, with markets watching if policymakers validate dovish pricing or push back. EURUSD Outlook Summary EUR/USD is now within touching distance of setting fresh multi-year highs, continuing to grind higher ahead of…
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Bears on the Prowl: EUR/USD’s Downward Spiral
Read Time: 3 minutesEUR/USD is struggling to break above the 1.0900 resistance level, with bears dominating the market. Technical analysis shows immediate support at 1.0780 and potential declines towards 1.0720. The bearish trend persists, with traders cautious about upward movements while monitoring key support and resistance levels.
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Bears Reign: Is the EUR/USD Downtrend Here to Stay?
Read Time: 3 minutesThe EUR/USD currency pair is under significant bearish pressure, struggling to break above the 1.0900 resistance level. Technical analysis indicates potential declines towards 1.0720, with immediate support near 1.0780. Traders are advised to adopt cautious strategies amid prevailing market uncertainties.
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EUR/USD: Navigating the Intraday Waves of Forex
Read Time: 3 minutesThis article analyzes the current EUR/USD intraday bias, highlighting key support and resistance levels, future targets, and essential strategies for traders.
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EUR/USD forecast: July 15, 2024
Read Time: 4 minutesThe EUR/USD poked its head above the June high of 1.0916 to reach its best level since March, after the US Empire State Manufacturing Index came out weaker than expected earlier. The US dollar has remained under pressure against most major currencies, albeit not so much against the likes of the New…
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The EURUSD price hits the first extended target – Forecast today – 17-06-2024
Read Time: < 1 minuteEURUSD Price Analysis Expected Scenario Expected Trading Range Between support at 1.0630$ and resistance at 1.0760$ Trend Forecast: Bearish
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The EURUSD price forecast update – 14-06-2024
Read Time: < 1 minuteThe EURUSD price resumes its negative trading to break 1.0720$ and reach the first extended target at 1.0675$, and we suggest breaking this level to open the way to head towards our next target that reaches 1.0600$. Therefore, we are waiting for more expected decline for the rest of the day…
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EUR/USD Expected to Continue its Descent to 1.05 as Divergence Between the Fed and ECB Persists
Read Time: 3 minutesIn recent times, the landscape of the global economy has seen a notable shift, particularly in the United States and the Eurozone. The US economy, despite its resilience, has encountered a persistent challenge in the form of inflation. In recent times, the landscape of the global economy has seen a notable shift,…
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EURUSD: Elliott wave analysis and forecast for 08.04.24 – 12.04.24
Read Time: 2 minutesMain scenario: consider long positions from corrections above the level of 1.0723 with a target of 1.1141 – 1.1350. Alternative scenario: breakout and consolidation below the level of 1.0723 will allow the pair to continue declining to the levels of 1.0613 – 1.0514. Analysis: a bearish wave of larger degree A is presumably completed on…
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EUR/USD Technical Analysis
Read Time: < 1 minuteEUR/USD Forecast: Bearish Key Points: Analysis: The EUR/USD price is exhibiting a calm bearish bias, gradually moving away from the 1.0860$ level. This reinforces the expectation of a continuing downtrend with initial targets of 1.0765$ and potentially reaching 1.0645$ if the decline continues. The negative pressure from the EMA50 indicator further…
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EUR/USD Technical Analysis: Bearish Bias Persists Despite Sideways Movement
Read Time: < 1 minuteEUR/USD Stalls, But Bears Remain in Charge: The EUR/USD price continues to exhibit choppy movement around 1.0830$, lacking a clear directional bias. However, the technical indicators still favor the bears. Breakdown of Key Points: Potential Hiccups: Supporting the Downtrend: Trading Range: Trend Forecast:
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Euro Under Pressure from Strong Dollar, ECB Rate Cut Bets
Read Time: < 1 minuteEUR/USD Dips: The EUR/USD pair is down for the second day in a row, pressured by a resurgent US Dollar and expectations of a European Central Bank (ECB) rate cut in June. Strong Dollar: The US Dollar Index (DXY) is climbing, buoyed by positive US economic data and expectations of the…
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Euro Awaits Spanish Inflation Data, France Deficit No Big Deal for Now
Read Time: < 1 minuteSpain in the Spotlight: The Euro awaits Spain’s March inflation estimates today. While not typically a market mover, past deviations from expectations have caused volatility. Consensus predicts headline inflation to climb above 3% again, with core inflation dipping slightly (3.5% to 3.4%). The rest of the eurozone will see inflation data…
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EUR/USD Outlook: Limited Movement Expected, France Deficit News Has Little Impact
Read Time: < 1 minute[responsivevoice_button rate=”1.3″ pitch=”1.1″ volume=”2″ voice=”UK English Female” buttontext=”CLICK TO LISTEN THE ARTICLE”] EUR/USD Price Action: Analysts’ View (ForExim): Key Drivers: Forecast:
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Euro Stuck in Consolidation Range, Focus on US Dollar Strength
Read Time: 2 minutesMarket Analysis: Central Bank Influence: Trading Strategy: Key Points:
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Dollar dips, EUR/USD eyes resistance break
Read Time: 2 minutesThe EUR/USD pair is indeed exhibiting an interesting interplay between technical factors and broader market sentiment. Here’s a breakdown of our analysis: Technical Analysis: Market Sentiment: Overall: The EUR/USD is at a critical juncture. If bulls can conquer the resistance zone around 1.0835-1.0850, it could signal a continuation of the uptrend. Conversely,…
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Euro Awaits Fed Statement, Stuck in Consolidation Range
Read Time: 2 minutesMarket Focus: Technical Analysis: Trading Strategy: Key Points:
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The EURUSD attempts positively – 22-02-2024
Read Time: < 1 minuteThe EURUSD pair resumed its positive trading after the temporary decline that it witnessed yesterday, to support the continuation of the expected bullish trend on the intraday basis, waiting to test 1.0860 as a next station, reminding you that breaching it will lead the price to achieve additional gains that reach…
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EUR/USD Maintains Momentum Despite Eurozone PMI Contractions
Read Time: 2 minutesEU Hamburg Commercial Bank Flash PMIs: Contraction DecelerationThe flash PMIs released by the EU Hamburg Commercial Bank indicate a deceleration in contraction across the EU’s business activity. The Eurozone experiences the slowest decline in eight months, with stabilization in the services sector counterbalancing the continued downturn in manufacturing output. Stock Market Surge…
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Read Time: 3 minutesEUR/USD Dynamics Amid US Holiday and Economic DataThe EUR/USD pair has shown resilience in the face of mixed US economic data, with the currency stabilizing below the 1.0800 mark. Despite recent attempts to rebound, the pair remains in a downtrend, with the 1.0695 support level, marking a three-month low, under scrutiny. The…
