EUR/USD Is Back To The 1.1300 – 1.1330 Range.

EUR/USD is moving lower at the start of the week.Euro Is Losing Ground Against U.S. Dollar.EUR/USD is currently trying to settle back below 1.1330 while U.S. dollar is gaining ground against a broad basket of currencies.The U.S. Dollar Index managed to get above the 20 EMA at 95.70 and is trying to gain additional upsideContinue reading “EUR/USD Is Back To The 1.1300 – 1.1330 Range.”

GBP/USD to extend its slide, 1.3530 aligns as the next target on the downs.

GBP/USD has come under renewed bearish pressure on Friday. Disappointing UK data and failure of 1.3600 support points to further losses, FXStreet’s Eren Sengezer reports.Next support for the pair aligns at 1.3530.“The UK’s Office for National Statistics reported that Retail Sales in December declined by 3.7% on a monthly basis. This print missed the marketContinue reading “GBP/USD to extend its slide, 1.3530 aligns as the next target on the downs.”

EUR/USD: Next stop on the downside aligns at 1.1280/70 .

EUR/USD fell sharply on Tuesday and lost more than 0.70%. Economists at OCBC expect the world’s most popular currency pair to test the 1.1280/70 support, then 1.1230/20. “EUR/USD finally started to react to yield differentials on Tue after the bounce higher in UST yields. “The sharp decline puts the 1.1270/80 and 1.1220/30 supports back intoContinue reading “EUR/USD: Next stop on the downside aligns at 1.1280/70 .”

GBP/USD Tests Support At 1.3635.

GBP/USD managed to settle below the support at 1.3665 and is testing the next support level at 1.3635.U.S. Dollar Gains Ground Against British Pound.GBP/USD is currently trying to settle below the support level at 1.3635 while U.S. dollar is gaining ground against a broad basket of currencies.The U.S. Dollar Index is testing the resistance levelContinue reading “GBP/USD Tests Support At 1.3635.”