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1.3810 -0.0004 (-0.03%)
15:37:13 (GMT)
Bid 1.3810
Ask 1.3810
Open 1.3813
High 1.3851
Low 1.3804
 

Daily Technical Analysis

Daily EUR/USD Technical Analysis The EUR/USD is trading a little better at the mid-session. The Forex pair broke sharply early in the session when sell stops were hit under an uptrending angle at 1.3812. This move generated enough downside momentum...
The EUR/USD pair fell during the session on Monday, gapping lower as ECB members suggested that perhaps more monetary stimulus could come into play as the Euro is overvalued in their opinion. With that, we may end up having a...
Daily EUR/USD Technical Analysis The EUR/USD is under pressure at the mid-session after a gap-lower opening confirmed Friday’s closing price reversal top at 1.3905. This chart pattern typically leads to the start of a 2 to 3 day break equal...
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Weekly Technical Analysis

The EUR/USD pair rose during the week, breaking above the 1.38 level handily. However, we need to get above the 1.3950 level, and for that matter the 1.40 level in order to feel comfortable enough to start buying and holding...
The EUR/USD pair ended up forming a shooting star for the week, but as you can see on the daily charts, we formed a hammer for the Friday session. The 1.37 level has offered support in the past, and it...
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Daily Fundamental Analysis

Analysis and Recommendations: The EUR/USD gained 20 points to trade at 1.3835 and I cannot explain why. CPI missed expectations which will force action from the ECB. Perhaps it is a correction after comments from Mr. Draghi and other ECB...
The EUR/USD fell on Tuesday after the release of a disappointing German ZEW Economic Sentiment report. The service reported a drop to 43.2 from 46.6. Investors were looking for 46.3. The decline in the ZEW puts further pressure on the...
Analysis and Recommendations: The EUR/USD eased by 39 points to trade at 1.3846 after comments from ECB members that the strength of the euro would cause the bank to inject stimulus to offset the rise. Draghi and associates are hoping...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation: The EUR/USD  closed the week at...
Weekly Analysis and Recommendation: The EUR/USD  closed the week at...
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More EUR/USD Report

 
The EUR/USD rose slightly after the release of the Euro Zone consumer inflation report. Consumer prices in March rose 0.5% from a year earlier. This was its lowest annual rate since November 2009, however, the report met expectations. Although the Forex pair is trading slightly better, there...
A combination of technical and fundamental factors helped drive the GBP/USD sharply higher on Tuesday. Technically, the Forex pair completed the objective of the recent closing price reversal top when it successfully tested a short-term retracement zone at 1.6685 to 1.6653. The first objective of today’s rally...
The EUR/USD opened lower on Monday and finished that way. The market gapped lower after several European Central Bank officials over the weekend discussed further monetary easing. This is a sign the ECB is preparing for a weak Euro Zone CPI report which could lead to the...