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The Euro broke down rather significantly during the day on Thursday but turned around at the 1.13 level during the press conference that Mario Draghi gave. Because of this, it shows resiliency and ...
The Euro chop around during the trading session on Wednesday, as we are approaching the 1.1450 level. This is the beginning of significant resistance that extends to the 1.15 handle, and as the ...
The Euro rallied during the day on Wednesday, breaking through the 1.15 level again, showing that there is a certain amount of underlying demand for the common currency. Beyond that, it is more of ...
Euro took off to the upside on Tuesday again, as it continues to pressure 1.20 level. It seems as if it is only a matter of time before we get the breakout.
The bears continue to bring down the Euro pair. Also, the ECB remains neutral/bearish over the economic outlook of the region. The 200-days major SMA hovered well above the pair alluding a downtrend.
The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, [1] often referred to as a basket of U.S. trade partners' currencies. [2] The Index goes up when the U.S. dollar gains "strength" (value) when compared to other currencies.
EUR/USD settled below the support at 1.1300 and is testing the next support level at 1.1270. EUR/USD Daily Forecast – Euro Pulls Back After Rally Skip to main content
The pair has not moved much as it is locked in a range and consolidates within that range