Yesterday’s trading ended with a slight increase in the euro against the US dollar. Today a rich newsflow on the US economy is expected. The attention of the financial markets will be focused on the performance of the US President. Currently, the pair is testing the support of 1.05850. We expect the downward trend on the EUR/USD currency pair. The potential for movement…
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This week, investors will be focused on the performance of D. Trump, which will take place on Tuesday, February 28th. Financial market participants expect the US president will announce the details of his “phenomenal” tax reform. At the moment the EUR/USD currency pair is testing the resistance level of 1.05850. If statistics from the US is positive, be sure to consider selling EUR/USD to around 1.05300-1.05000.
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Yesterday, purchases prevailed on the EUR/USD currency pair. The quotations rose by 0.24%. Today, the euro rally has continued. At the moment, the currency is being traded close to the “mirror” support level of 1.05850. The previous forecast was confirmed. We believe that the EUR/USD quotes growth may continue. The potential for movement – 1.06250-1.06500.
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Yesterday’s FOMC report revealed that the Fed is ready to tighten monetary policy in the near future. At the same time, the EUR/USD currency pair kept the level of 1.05000, which caused the correctional movement. The trading ended with a slight increase in the euro against the US dollar. We expect a correction in the EUR/USD currency pair. The potential for movement – 1.05850-1.06000.
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Yesterday, the euro weakened significantly against the US dollar. The fall of the EUR/USD quotes exceeded 75 points. This is due to the growth of political risks in the EU and the possible Fed rate increase at the March meeting. The nearest support level is 1.04900. Investors’ attention is directed to the publication of the FOMC reports. The previous forecast was confirmed. We continue to expect the “bearish” moods on the EUR/USD currency pair. One should to seek entry points for opening short positions. The potential for movement – 1.04750-1.04500.
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Yesterday, the EUR/USD currency pair had weak trading activity. This is due to the holiday in the US. During the Asian trading session, the euro weakened against the US currency. The dollar is supported by a positive dynamics of the US government bonds yields. The nearest resistance is the level of 1.05600. Yesterday’s forecast was confirmed. We expect a continuation of the downward trend on the EUR/USD currency pair to around…
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Yesterday, the US dollar strengthened against major world currencies. Fed Chairman Yellen stated that one should not delay an increase in interest rates in 2017. At the moment the EUR/USD currency pair…
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During yesterday’s trading, the US dollar rose slightly against the euro. The EUR/USD quotes decreased by 0.20%. Today, the focus is on the Fed chairman speech on monetary policy and the US economy. At the moment, the currency is…
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In the last week the euro was under pressure due to rising political risk in the EU. Today, buyers prevail on the EUR/USD currency pair. Currently, the trading instrument is…
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Yesterday, the US dollar strengthened against the “majors”. This is due to D. Trump’s promises to provide “phenomenal” tax reform in the near future. At the moment there is…
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