Forex News Category

TECHNICAL UPDATE 15th JUNE EUR/USD EUR/USD bounced up from the key level of 1.21. USD’s next support zone is at 1.19700 and thus the subsequent resistance zone is at 1.21500. look for selling opportunities of EUR/USD. The EUR/USD pair is marginally higher at the beginning of the week, trading above the 1.2100 thresholds. The EUR/USD

Technical Market update 14th June EUR/USD Recently the pair broke the support zone of 1.21500. Initial bias is now on the downside within the week for 1.1985 support first. Break there’ll confirm that the consolidation pattern from 1.2348 has started the third leg. A deeper fall would then be seen back to 1.1703 support. On

Bundesbank: German economy prepares for post-pandemic growth and price recovery   It now expects the German financial system to attain pre-pandemic tiers as quickly as the subsequent quarter, developing with the aid of using 3.7% this yr, 5.2% subsequent yr, and 1.7% in 2023. “The German economy is overcoming the pandemic-related crisis,” said Bundesbank President

TECHNICAL MARKET ANALYSIS 11th JUNE EUR/USD EUR/USD  pair is modestly up, currently trading in the 1.2190 price zone. The pair recently bounced off the support zone of 1.21500. Day 1 of the G7 meetings will be held today. And day 2 and day 3 will be held on the weekend. The next support zone is

Technical Market update EUR/USD  EUR/USD stays pressured around the key level of 1.2180-75 amid the early Asian session on Thursday. The pair refreshed weekly top the previous day before reversing from 1.2218. Recently the pair failed to break the key level of 1.22. The ECB will be announcing its monetary policy decision later in 1945