
EUR/USD Forecast: Euro struggles to extend recovery after mixed PMI data
EUR/USD stays under modest bearish pressure and trades below 1.1800 in the European session on Tuesday after closing in positive territory on Monday.
EUR/USD stays under modest bearish pressure and trades below 1.1800 in the European session on Tuesday after closing in positive territory on Monday.
Gold is taking a breather early Tuesday after having extended the previous upsurge to renew record highs above the $3,750 psychological level.
The US dollar initially rallied a bit during the trading session here on Monday only to give back the gains to show signs of exhaustion. In fact, it looks as if we are possibly going to form a shooting star in what already is a downtrend. So, the question now is, is the US dollar…
The euro has shown itself to be a little bit positive against the Japanese yen during trading on Monday as we continue to dance around the top of an ascending triangle. Ultimately, this is a market that I think could go looking for a major swing high at the 175.53 yen level, but it is…
The US dollar initially rallied a bit during the early hour here on Monday, but you can see we have struggled a bit. And at this point in time, this looks like a market that’s hanging around the 200 day EMA, which of course is an indicator that a lot of people use to determine…
The German index gapped lower to kick off the trading session here on Monday but found buyers after filling a gap from last week. In post-market trading, we are starting to see a bit of buying pressure as well. So, I do think that we continue to be attracted to the 50-day EMA currently at…