EUR USD Overview

USD ends the week in the red Market Watch review. 18.09.2020 In today's release, we’ll cover the following topics: USD / JPY currency pair continues to decline. Growth of retail sales in Britain. Rising oil prices. Analysis of a EUR/USD buy deal.   For the fifth trading day in a row, the USD / JPY c...

USD growth and deep correction in the US stock market Market Watch review. 04.09.2020 In today's release, we’ll cover the following topics: Correction of US stock indices. USD strengthening. US and Canadian unemployment report. Analysis of a EUR/USD sell deal. It's no secret that on the first Friday...

Fed weakens USD Market Watch review. 28.8.2020 In today's release, we’ll cover the following topics: US Federal Reserve Monetary Policy. General weakening of USD. Growth of US stock indices. Analysis of a EUR/USD buy deal. I'll start with the main event of the week, the Jackson Hole Economic Sympos...

Increasing volatility in financial markets Market Watch review. In today's release, we’ll cover the following topics: UK Retail Sales. (1) Business activity in the Eurozone and Britain. (3) Trade transaction analysis. (6)     With the opening of the European trading session, we received an unexpecte...

Previous: On Thursday the 31st of May, trading on the EURUSD pair closed slightly up. Despite the fact that the euro dropped to 1.1641, it managed to recover to 1.1700 by the end of the session. This recovery was the result of reduced pressure on the single currency. Giuseppe Conte is set to be swor...

Previous: On Wednesday the 30th of May, trading on the EURUSD pair closed up. On the back of some correctional movement on the US dollar, the single currency managed to return to 1.1647, after which a new wave of sales began. After reaching 1.1595, the rate shot up to 1.1676. A change in trader sent...

Previous: On Tuesday the 29th of May, trading on the euro closed down once again. This makes it 23 bearish candlesticks since the 17th of April. The euro is under pressure from a broadly resurgent US dollar as well as increased political risks in Italy and Spain. During trading in Europe, the pair d...

Previous: On Monday the 28th of May, trading on the single currency closed down. It dropped to 1.1607 during the European session. Market volatility subsided during the US session Due to the fact that both the US and Canada has public holidays. Buyers, taking advantage of the off day in the US, mana...

Previous: On Friday the 25th of May, trading on the EURUSD pair closed down. The single currency’s decline was brought about by political tensions both in Italy and Spain as well as the greenback’s broad ascent, which happened in spite of a decline in US10Y bond yields. Bond yields went down to 2.92...

Previous: On Wednesday the 23rd of May, trading on the euro closed down. US President Donald Trump was the main newsmaker for financial exchanges yesterday. He said that he wasn’t satisfied with how trade negotiations were going between the US and China and warned that his planned summit with North ...

The mid-term positive sentiment for the USD is over, now it’s time for some reversals. One of the best setups can be seen on the EURUSD pair, where the price is bouncing from the 38.2% Fibonacci, creating a daily hammer and an inverse head and shoulders pattern on the H1 chart. Sometimes you wait f....

Previous: On Monday the 21st of May, trading on the euro closed up. At the beginning of the European session, the single currency dropped to 1.1717 before rebounding. The euro initially rose against the dollar to 1.1779 and climbed further to 1.1796 during the US session. The euro fluctuated on the ...

Previous: Last week, all the major currencies expect for the Swiss franc declined against the US dollar. The single currency was the biggest loser, shedding -1.42%. On Friday, the euro dropped to 1.1750 against the greenback after an unsuccessful attempt at exiting the triangle. The price reversed d...

We start with the EURUSD, which is in a legitimate downtrend. The price is making lower lows and highs and is trading below a very clean downwards trend line. Most recently, the price has created a pennant and is currently trying to break its lower line. Better data should definitely help here. Nex....

Previous: On Wednesday the 2nd of May, trading on the euro closed down. The single currency has shed 146 pips against the greenback over the May holidays to reach 1.1938. The pair went on a rollercoaster ride following the US Federal Reserve’s interest rate decision. The FOMC decided to maintain its...

Previous: On Thursday the 26th of April, trading on the euro closed down against the US dollar. Sellers broke the support at 1.2115 (low from the 1st of March). Volatility on the pair was high throughout the European session. During Mario Draghi’s press conference, the euro recovered to 1.2210. This...

Previous: On Tuesday the 24th of April, trading on the euro closed up, breaking its 3-day losing streak. The main factor behind the euro’s rise was the US dollar’s universal decline. As the market underwent a technical correction, participants ignored the positive US housing and consumer confidence ...

Previous: On Monday the 23rd of April, trading on the US dollar closed up. After weak manufacturing data from the Eurozone, as well as a rise in US10Y bond yields providing support to the dollar, the single currency dropped from 1.2289 to 1.2185. In addition to being bolstered by the debt market, th...

Previous: On Friday the 20th of April, trading on the EURUSD pair closed down. The single currency dropped against the dollar to 1.2293 during the European session, falling further to 1.2249 in the US. An increase in US bond yields gave way to a rise for the US dollar. US10Y bond yields hit a high o...

Previous: On Thursday the 19th of April, trading on the euro closed down. The single currency slid against the dollar from 1.2400 to 1.2345. The local minimum is at 1.2329. Additionally, the greenback got a boost from a rise in US10Y bond yields, which have jumped from 2.86% to 2.934%. Aside from th...

Previous: On Wednesday the 18th of April, trading on the EURUSD pair closed slightly up at 1.2373. The single currency got a significant boost from the EURGBP and EURCAD crosses. The pound dropped against both the dollar and euro following the release of disappointing UK inflation figures for March....

Previous: On Tuesday the 18th of April, trading on the EURUSD pair closed slightly down. By the time trading closed, the euro had lost 10 pips against the dollar. In the US session, the euro shed 78 pips to reach 1.2336 after having hit a new high at the beginning of the European session. The drop i...

Previous: On Monday the 16th of April, trading on the euro closed up. The euro started rallying as trading got underway in Europe. The main reason for this was the universal decline of the US dollar, brought about by America’s military action in Syria. Despite this, markets opened relatively peacefu...

Previous: On Friday the 13th of April, trading on the single currency closed slightly up against the greenback. Trading was mixed, with the pair fluctuating within a range of 1.2307 – 1.2346 due to a lack of any new impetus. The euro came under pressure from the publication of the minutes of the ECB...

After a major buy signal, the NZDUSD pair went higher, creating two correction patterns in the meantime; a rectangle and a pennant. Both of them were very shallow, which is indicative of great bullish potential. 0.7435 is the ultimate target here. GBPUSD is climbing up like a set of stairs. The pri....

Previous: On Thursday the 12th of April, trading on the EURUSD pair closed down. As US president Trump dialed down his rhetoric on Syria, the US dollar got a boost along with US stocks and bond yields. Trump also mentioned that trade talks between Washington and Beijing are going well, which provide...

Previous: On Wednesday the 11th of April, trading on the EURUSD pair closed slightly up. The pair spent most of its time hovering around the 135th degree at 1.2380. Markets swung in all directions as they braced themselves for a potential strike in Syria by the US, France, or Germany. It’s been 48 h...

First up today is the EURUSD pair, which is having its third consecutive green session after creating a bullish engulfing pattern on the long-term upwards trend line. That was a great buying opportunity. The target is the 1.2530. CADJPY created a beautiful reversal with an inverse head and shoulder....

Previous: On Tuesday the 10th of April, trading on the euro closed up. There was a surge in market volatility as Nowotny, a member of the ECB’s governing council, gave a speech. He said in an interview that the ECB will end its bond-buying program this year and that the regulator could increase the ...

Previous: On Monday the 9th of April, trading on the EURUSD pair closed up. The rate rose to 1.2330 during the US session. Currency markets were influenced by a number of factors, including tense relations between the US, Russia, and China, as well as an escalation in the situation in Syria. Additio...