Market braces for EURUSD breakout of 1.08 as risk of inflation easing grows in US
Cautious optimism remains in the currency markets regarding the idea that the signs of the US losing growth momentum will force the Fed to tap the breaks on monetary tightening and prepare markets for an easing cycle. Easing Covid policy in China is also supportive for market sentiment as investors price in a rising Chinese […]
EUR/USD: upcoming events of the economic calendar and prospects – Analytics & Forecasts – 11 January 2023
Today’s economic calendar does not contain any significant publications, and, most likely, the same dynamics of the market and the dollar will continue in the American trading session. Tomorrow, volatility in the market, and especially in quotes of Asian and commodity currencies, will increase immediately at the beginning of the trading day, when important macro […]
EUR/USD and EUR/JPY Could Climb Further Higher – Analytics & Forecasts – 11 January 2023
EUR/USD is eyeing an upside break above the 1.0750 resistance zone. EUR/JPY is rising and might climb further higher above the 142.50 resistance. Important Takeaways for EUR/USD and EUR/JPY · The Euro started a fresh increase above the 1.0650 resistance zone. · There is a key contracting triangle forming with resistance near 1.0745 on the […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (10 January 2023)
2023-01-10 2023-01-10 Short-term analysis for oil, gold, and EURUSD for 10.01.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The EURUSD reached […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
US Dollar Talking Points: The US Dollar is testing another spot of support this morning at the 103 handle on DXY. EUR/USD has pushed up to a fresh seven-month-high while starting to test a big zone of resistance. USD/CAD continues to be one of the more attractive bearish USD setups while USD/JPY tests a key […]
EURUSD: Weekly Review 09-13 January
EURUSD, Daily Last week EURUSD saw a loss of -0.48%, after Friday’s increase of +1.19% in the weekly single hanging man candle pattern. The Euro recovered from a 4-week low and rallied sharply, after the Dollar was sold on the weak US December ISM services report. EURUSD initially fell to a 4-week low in previous […]
Euro to Dollar (EUR/USD) Forecast for 2023, 2024-2025 and Beyond
2023-01-09 2023-01-09 EUR/USD Forecast for 2023-2026 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ EUR/USD is one of the major currency pairs. It means that it’s one of the most traded pairs in Forex. However, traders around the globe try to predict its future price for more than opening successful trades. The direction of EUR/USD may reflect the strength […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (5 January 2023)
2023-01-05 2023-01-05 Short-term analysis for oil, gold, and EURUSD for 05.01.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The gold short-term […]
EUR/USD uptrend in late 2022 to be replaced by pullbacks and choppy trading conditions – Rabobank
Although analysts at Rabobank are forecasting that the DXY index could end the year a little lower, they expect that 2023 will provide plenty of opportunities for USD bulls to become re-engaged. They retain a 1-month forecast of EUR/USD 1.05 and a 3-month forecast of EUR/USD 1.03. Key quotes: “The first trading week of the […]
EURUSD: Elliott wave analysis and forecast for 06.01.23 – 13.01.23
2023-01-06 2023-01-06 EURUSD: Elliott wave analysis and forecast for 06.01.23 – 13.01.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions above the level of 1.0361 with a target of 1.1020 – 1.1300 once a correction formed. Alternative scenario: breakout and consolidation below the level of 1.0361 will allow the pair to continue declining to the levels […]