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The US dollar is under pressure as the pound, and euro attempt a recovery, raising doubts about its upward trajectory. The dollar's recent easing is due to a minor rebound in risk appetite, a lack...
The EURUSD formed a strong bear close yesterday below the 20-period moving average. The bears are hopeful that today will become a strong follow-through bar, increasing the odds of lower prices. The...
The EUR/USD bulls are selling out of longs, and the bears are establishing short positions. Today’s downside breakout is strong enough for a second leg down. The bears are hopeful that today...
Euro slips below 1.10 line German and eurozone manufacturing PMIs contract The euro is down sharply on Tuesday. In the European session, EUR/USD is trading at 1.0969, down 0.62%. The euro hasn’t...
EURUSD in the red again today after making a new 5-month highThe key resistance area at 1.1032 is playing a key role in this moveMomentum indicators signal that the current bullish move has probably...
Based on the long-term chart, I cannot write the USD off yet.Original Post
Spanish CPI lower than expected at 3.1% Chicago PMI expected to decelerate to 51.0 The euro is calm in Friday trade. In the European session, EUR/USD is trading at 1.1053, down 0.08%.Spanish CPI Dips...
EURUSD edges higher again today, makes higher highIt tests the resistance set by a key area, north of 1.1032Momentum indicators support the current bullish moveEURUSD is trying to record its...
Cluster of Fibonacci resistance contain the further upside of EUR/USD on the weekly.Original Post
The EUR/USD, while experiencing a somewhat lackluster 2023, is on track to end the year with a modest 2.3% gain. Despite facing headwinds from consistently poor economic data in the Eurozone, the...
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