Bears of EUR / USD take a kiss after Wednesday’s sale. Dollar holds profit after post-FOMC minutes. US Jobless Claims and ECB minutes in focus. EUR / USD pair sees its adverse consolidation phase expanding to 1.1850 in Europe as the bears take a break after Wednesday’s more than 100-pips …
Read More »EUR / USD will fall like a stone as the bearish FOMC minutes are digested
EUR / USD is under pressure as the greenback continues its correction to FOMC minutes. The FOMC is clearly concerned about the trajectory of the US economic recovery, weighing on risk sentiment and the stock market. EUR / USD has nailed the downside to the minutes of the Federal Open …
Read More »Bulls in control, focus on German and American GDP
EUR / USD bias remains bullish, but RSI signals overbought conditions. A pullback can be seen if the German second quarter GDP shows a larger-than-expected contraction. While the path of least resistance for the EUR / USD is on the higher side, the currency pair appears overbought and may suffer …
Read More »EUR / USD still has power to continue the rally
The dollar is extending its fall on Monday, resulting in EUR / USD hitting 1.1764 during European business hours. Currently, the pair is trading in the 1.1740 price zone, barely declining from the mentioned high in several months despite being overbought, but with no technical signs of upward exhaustion, reports …
Read More »Reaches a new 22-month high of 1.1690 as the dollar sell-off continues
EUR / USD remains an offer amid a massive sale of US dollars. Gold is approaching the record of $ 1,920 reached in September 2011. Daily EUR / USD RSI shows overbought conditions. EUR / USD jumped to a new 22-month high of 1.1691 shortly before press time, having risen …
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