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The Euro has completed the formation of a technical pattern on the charts that brings a year-long downward lurch and puts a potential gain of more than six percent in the cards for the months ahead, although the recovery might be slowmoving to begin with, according to technical analysts at Commerzbank.
June 10,2019
The EUR has been strong against the USD of late, but there is a chance the short-term rally could struggle to make further progress in the coming week.
June 9,2019
The Euro saw its second consecutive session of gains the helped it to a three-month high Friday but it still has further to climb according to the latest forecasts from Commerzbank, which have been downgraded but still imply notable gains for the single currency before the year is out.
June 7,2019
The Euro surged Thursday after the European Central Bank (ECB) appeared to signal that it's not quite as downbeat about the Eurozone economic outlook as markets had come to believe it might be, although some analysts say it's premature for investors to chase the currency higher.
June 7,2019
Despite expectations for a potential pull-back in EUR/USD down to the 1.1200 floor, in the medium-term the technical outlook is more bullish than bearish.
June 5,2019
The Euro was stable against a weak Dollar on Tuesday even after inflation date for the month of May surprised sharply on the downside, potentially posing an awkward question to the European Central Bank (ECB) on Thursday, although the single currency is currently focused on events across the Atlantic.
June 4,2019
The Euro advanced against a weakened Dollar Monday but it still lacks the impetus to clear a key resistance level that is nearby and political risks facing the single currency are now escalating.
June 3,2019
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