EUR/USD resumes the downside following Friday’s tops.A deeper correction could revisit the 1.0630 zone.EUR/USD adds to Friday’s marked pullback and drops to the 1.0680 area on Monday. The pair remains well under pressure and the continuation of the selling bias should put a potential test of the May low at 1.0635 (May 31) back onContinue reading “EUR/USD Price Analysis: A drop to the 1.0630 region is not ruled out.”
Tag Archives: Economic outlook for the week
EUR/USD to stay soft near 1.0700/0720 .
Economists at ING discuss EUR/USD outlook.1.05/1.07 to prove the base for a push towards 1.15 in the third quarter “There were reports in the market yesterday of some upside interest in EUR/USD going through the FX options market. We can see why. 1.0700 is a decent support area for EUR/USD and we do see theContinue reading “EUR/USD to stay soft near 1.0700/0720 .”
EUR/JPY Price Analysis: Extra gains in store above 150.00.
EUR/JPY regains the upside following Tuesday’s marked decline.The surpass of 150.00 could trigger further gains near term.EUR/JPY trades with decent gains above the 149.00 region on Wednesday. While the cross seems to have embarked on a consolidative phase, a convincing breakout of the key round level at 150.00 could encourage the cross to dispute theContinue reading “EUR/JPY Price Analysis: Extra gains in store above 150.00.”
EUR/USD holds steady above 1.0800 on upbeat sentiment, progress US debt-ceiling talks.
The EUR/USD began the week sideways, clinging to the 1.0800 mark amidst a slightly upbeat market sentiment sponsored by an improvement in US ceiling discussions, despite hawkish rhetoric by Federal Reserve’s (Fed) officials. At the time of writing, the EUR/USD is trading at 1.0804, almost flat, after hitting a daily low of 1.0795. Investors eyeContinue reading “EUR/USD holds steady above 1.0800 on upbeat sentiment, progress US debt-ceiling talks.”
Free Forex Signals 