Forex News Category

TECHNICAL OVERVIEW EUR/USD EUR/USD recently broke the level of 1.22. trending upwards. The currency pair is moving towards the support zone of 1.21500 and the next resistance zone is at 1.23200. Look for buying opportunities for the pair if it bounces up the support zone of 1.21500. the previous day, mainly on US Dollar, rebound

Quick Perspective for the Day   The main highlight will be the Central Bank watch Global yields have dropped along with commodity prices, restraining the trio of Australian, Canadian, and New Zealand Dollars At most a hawkish tone concerning the housing market, the May RBNZ meeting is unlikely to produce any meaningful changes. There is

Market update for today   EUR/USD The market opening gave a slow start for EURUSD to open below 1.2200, speaking the trend for today. further rise is expected with the 1.2050 support intact. watching the sluggish upside movement, a break of 1.2244 will resume the rise from 1.1703 to retest 1.2348 high. In corresponding scenario,

Market analysis for 25th May 2021   EUR/USD A bullish trend for the EURUSD pair is expected with an optimal forecast of 1.2279 and with daily volatility of 0.47%. The successive gains in the pair are credited to the downbeat performance of the US dollar. The higher point for the pair was $1.2215 yesterday, giving