EUR/USD continues to hover above 1.1300 in defiance of calls for USD strength.

EUR/USD is precariously hovering above the 1.1300 level, as analysts/traders call for dollar strength in wake of hawkish Fed minutes.Bears will be looking for a test of recent lows around 1.2775 if the 21DMA and 1.1300 level is broken.For now, strong Eurozone data and hawkish ECB bets are aiding the euro.EUR/USD is precariously hovering toContinue reading “EUR/USD continues to hover above 1.1300 in defiance of calls for USD strength.”

EUR/USD continues to hover above 1.1300 in defiance of calls for USD strength.

EUR/USD is precariously hovering above the 1.1300 level, as analysts/traders call for dollar strength in wake of hawkish Fed minutes.Bears will be looking for a test of recent lows around 1.2775 if the 21DMA and 1.1300 level is broken.For now, strong Eurozone data and hawkish ECB bets are aiding the euro.EUR/USD is precariously hovering toContinue reading “EUR/USD continues to hover above 1.1300 in defiance of calls for USD strength.”

EUR/USD: No change to the mixed outlook – UOB

EUR/USD is still seen navigating within the 1.1240-1.1395 range in the next weeks. 24-hour view: “We expected EUR to ‘edge lower within a range of 1.1265/1.1310’ yesterday, However, EUR rose to 1.1346 before dropping back down quickly. The outlook is mixed and EUR is likely to trade sideways between 1.1280 and 1.1340 for today.”Next 1-3Continue reading “EUR/USD: No change to the mixed outlook – UOB”

GBP/USD Price Forecast – British Pound Continues to Test Top of Minor Consolidation.

The British pound has rallied a bit during the course of the trading session on Wednesday as we continue to test the consolidation area built around the 1.35 level. The British pound has rallied ever so slightly during the trading session on Wednesday to continue the consolidation area around the 1.35 level. This is anContinue reading “GBP/USD Price Forecast – British Pound Continues to Test Top of Minor Consolidation.”