Forex News Category

Technical update 9th June   EUR/USD Currently, the pair is moving towards the support zone of 1.21500 and the next resistance is at 1.23200. The Eurozone and German ZEW economic sentiments data released yesterday indicated a decline in the level from the surveyed investors. Look for buying opportunities of EUR/USD if it bounces up from

Technical Market Update 8th June   EUR/USD The pair is sloping nearby to the support line around 1.2165, The upward closing off the trend line from May which was close to 1.2115 also challenges the EUR/USD sellers before directing them to the support near 1.2095. The bearish trend below 1.2095 will make the pair vulnerable

TECHNICAL MARKET ANALYSIS 7th JUNE EUR/USD EUR/USD is currently strengthened after the release of the weaker than expected U.S. jobs report. The Eurozone Retail Sales data released last Friday indicated a decline in consumer spending in April. The pair is testing the support zone of 1.21500 and the resistance will be at 1.23200, look for

Technical update EUR/USD Currently, EUR/USD is testing the support zone of 1.21500, if the pair breaks this level then look for short-term selling opportunities until the release of the U.S jobs reports later in 2030 (GMT+8). Overall, the pair is trending upwards. Even if the euro experiences temporary momentum on upcoming data, The economists don’t

EUR/USD EUR/USD remains sidelines around 1.2215 during the initial hours of Wednesday’s Asian session. The Eurozone CPI flash estimate data released yesterday indicated an increase in Annual inflation. Also, the Eurozone Unemployment Rate data released has indicated a slight decrease in the jobless rate. The next support zone will be at 1.21500 and the next