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It has been a busy week for the euro, reflecting the gyrations we’re seeing in the financial markets. EUR/USD has bounced back from a mid-week slide and is trading at 1.0661, up 0.46% on the...
EUR/USD’s megaphone formation shows how confused these markets are. A critical cluster of support around the 1.05 area.Disclaimer: This post is informational only. This post is not trading or...
The EUR/USD pair is oscillating around 1.0600 on Thursday following the European Central Bank's (ECB) decision to raise rates by 50 basis points as expected, recovering some of Credit Suisse's driven...
The market formed a surprise bear reversal bar yesterday. However, it follows a 5-bar bull micro channel. While yesterday’s bar is probably strong enough to have a 2nd leg down, it will likely...
The euro rebounded on Thursday after sliding 1.5% a day earlier, its worst daily showing since September 2022. In the European session, EUR/USD is trading at 1.0613, up 0.35%.The financial markets are...
EUR/USD managed to get two bars completely above the 20-period moving average (blue line). This was enough to make the market enter a trading range. However, the bears got 22 out of 23 recent closes...
The U.S. dollar took a breather on Tuesday following the previous day’s sell-off as markets’ jitters surrounding the Silicon Valley Bank (SVB) collapse quieted, while U.S. consumer...
Bulls got a bull close completely above the moving average. This is good for the bulls and a sign that the market is transitioning into a trading range. Bulls want an upside breakout above the...
The recent failure of two US banks, SVB and Signature, have understandably triggered a major re-appraisal of Fed tightening prospects. This has seen two-year EUR/USD swap rate differentials move to...
The EUR/USD pair advanced beyond the 1.0700 level on Monday despite the risk-off environment prompted by the Silicon Valley Bank shutdown. The greenback suffered the pressure of lower U.S. yields amid...
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