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.
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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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Bearish bets on EUR/USD are now so heavy they could actually limit the danger of any deep losses while the threat of a short-covering rebound rises sharply.
Read more … →From a technical perspective, there is a relatively strong possibility we may be witnessing a major bottom in the pair.
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According to analysts at Scotiabank downside momentum in EUR/USD is lapsing and the pair is unlikely to slide much deeper.
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The Euro was close to the bottom of the G10 pack Thursday following another disappointing round of IHS Markit PMI surveys and as markets braced for the outcome of European parliament elections that…
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