Browsing Tag

eur

EUR/USD and USD/CHF Could Continue Higher

EUR/USD traded higher recently and moved above the 1.1740 resistance. Similarly, USD/CHF is placed nicely in an uptrend above the 0.9630 support. Important Takeaways for EUR/USD and USD/CHF The Euro gained traction and broke the 1.1710 and 1.1740 resistances against the US Dollar. There is a ...

EURUSD Rallies Ahead of Eurozone’s Growth Data

Technical Bias: Bearish Key Takeaways: EURUSD extends winning streak Eurozone’s growth data is expected today Lower Low suggests continuity of bearish trend The Euro (EUR) extended upside movement against the US Dollar (USD) on Friday, increasing the price of EURUSD to more than 1.1400 ahead of ...

EUR/USD Bounces Off Despite Downbeat Economic Reports

The Euro (EUR) extended upside movement against the USD (USD) on Thursday, increasing the price of EUR/USD to more than 1.3370 despite the downbeat economic reports. The sentiment remains bearish due to Lower Low and Lower High in the recent waves. Technical Analysis As of this writing, the ...

EUR/USD Looks Set For Short Term Correction As Inflation Remains Steady

The Euro (EUR) slid down against the US Dollar (USD) on Tuesday, dragging the EUR/USD to less than 1.3690. The sentiment remains bearish due to Lower Low (LL) in the recent correction wave. Not to mention, the Eurozone inflation remained steady in June in line with the median projection of ...