Daily FX Analysis

October 4, 2017
EUR/USD

Forex News: Yesterday the pair bounced higher after an initial break of 1.1713 support. Most of the session was bullish but this behaviour was somewhat expected.

October 4, 2017
EUR/USD

Forex News: Yesterday the pair bounced higher after an initial break of 1.1713 support. Most of the session was bullish but this behaviour was somewhat expected.

October 3, 2017
EUR/USD

Forex News: Yesterday the pair showed surprisingly high activity, characterized by bearish momentum and a clear break of 1.1775. The U.S. Manufacturing Index showed a better than anticipated reading but the release wasn’t the main reason for the drop.

October 2, 2017
EUR/USD

Forex News: Friday the pair continued higher above 1.1775 and approached the 50 period Exponential Moving Average despite a weaker than anticipated Eurozone Consumer Price Index. Overall price action was choppy and volatility was relatively low.

September 27, 2017
EUR/USD

Forex News: Yesterday’s trading session belonged to the bears, on the back of increasing demand for US Dollars and anxiety coming from the German political scene. Key support was broken and the pair reached its lowest point in 5 weeks.

September 26, 2017
EUR/USD

Forex News: Following the German Federal Elections, the Euro depreciated against the US Dollar and the pair had a bearish session yesterday, moving below support. However, price is still confined in a range and a clear trend is not in place.

September 25, 2017
EUR/USD

Forex News: Friday the pair moved higher on the back of better than expected numbers for the European Purchasing Managers’ Indexes but the key resistance at 1.2000 pushed the pair lower and erased all gains, so the session ended close to where it started.

September 22, 2017
EUR/USD

Forex News: The momentum created by the Fed Meeting slowed down yesterday and the pair moved above the psychological level at 1.1900. The session was bullish but bearish pressure is still high.

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