The euro is trading back above the 1.1000 level against the US dollar after the pair bounced fairly sharply from the 1.0980 level on Friday. A daily price above the 1.1070 level is now needed to confirm that a major technical bottom is in place for the EURUSD. Looking at the downside potential, a daily price close under the 1.0990 level should encourage bears to...
The euro has once again been rejected from the 1.1020 resistance level against the US dollar, as short-term buyers fail to take back control of the pair. A bullish double-bottom is still in place, although the EURUSD pair could break the November if weakness under the 1.1000 level persists. Going forward, a sustained breakout from the 1.0990 to 1.1020 trading...
The euro currency remains at risk of further losses against the US dollar, with the pair continuing to make bearish daily lower price lows. Going forward, a sustained loss of the 1.0990 support level would be extremely bearish for the EURUSD pair this week. At present, a daily price close above the 1.1070 level is needed to confirm that a new short-term bullish...
The euro currency has moved away from the psychological 1.1000 level against the US dollar, placing the emphasis on the 1.1045 technical region. Going forward, a sustained move above the 1.1060 level would confirm that a second important technical bottom is now in place. The 1.1180 level remains the overall upside objective for the EURUSD pair over the medium-term...
The euro is under downside pressure against the US dollar on Monday, following an extended pullback towards the 1.1020 support level last Friday. EURUSD bulls need to quickly reverse the pair above the 1.1070 level in order to establish a bullish higher low. Overall, the US dollar index is now trading at a critical juncture and will decide the fate of the EURUSD...
The euro currency has pulled back from just below the 1.1100 resistance level against the US dollar, creating another buying opportunity for EURUSD bulls. EURUSD dip-buyers may look to buy a technical pullback around the 1.1045 to 1.1030 technical region. Going forward, daily price closes above the 1.1070 level should be considered the next strong buying signal...
The euro currency remains increasingly well supported against the US dollar on Thursday, with the pair creating bullish higher lows. The EURUSD pair should start to push higher once the 1.1090 resistance is broken, leaving the 1.1120 level the next upside objective. Overall, traders have few reasons to be bearish towards the EURUSD will price trades above the...
The euro continues to rise against the US dollar, with the pair performing a bullish daily price close above the key technical resistance. The EURUSD pair is likely to test the 1.1120 level if a breakout above the 1.1090 level occurs, although the 1.1180 level is by far more technically important. Overall, the release of the FOMC meeting minutes later today could...
The euro is holding above key technical support against the US dollar after performing a bullish breakout above the 1.1045 level last week. The EURUSD pair faces a pivotal trading week ahead and could challenge the 1.1120 level if bulls can force a breakout above the 1.1080 level. The overall medium-term upside objective of the EURUSD pair is found at the 1.1360...
