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, alt…
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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.
Read more … →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…
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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.
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The Euro could turn higher against the U.S. Dollar in the near future suggest our latest technical studies but much will depend on the outcome of this week's ECB meeting.
Read more … →The impact of month-end flows on foreign exchange markets is not as predictable as it once was says Brent Donnolly, a trader at HSBC.
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The Euro was lower in a risk averse market Wednesday and could remain on its back foot for a while yet, according to technical analysts at Commerzbank, who say alleviating downside pressures is…
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