EUR/USD 2023 forecast, as per forex strategists By Investing.com
© Reuters. By Senad Karaahmetovic Investing.com — price has had a strong couple of months. The major hit a 20-year low in September 2022 when it traded in the low 0.95s. EUR/USD has hit a major resistance line in recent days, signaling a pullback may be occurring soon. As of January 16, 09:05 ET (14:05) […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (16 January 2023)
2023.01.16 2023.01.16 Short-term analysis for oil, gold, and EURUSD for 16.01.2023 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. Gold is trading […]
EURUSD Hits New 9-Month High But Bulls May Be Out of Puff
EUR/USD Price, Chart, and Analysis There wasn’t much data for traders to digest on Monday, but suspicions that Eurozone borrowing costs will rise sharply keep the Euro supported EUR/USD rose back above 1.08 It’s a far cry from the slide below parity seen last year Bulls remain in charge but may be over-extended Recommended by […]
Morgan Stanley cuts U.S. dollar forecasts lower
The U.S. dollar is going to drop further, Morgan Stanley strategists said over the weekend as they became more optimistic about the global economy. They now see the DXY dollar index DXY, +0.20% ending the year at 98, from a previous forecast of 104. They see the euro EURUSD, -0.19% climbing to $1.15, vs. a […]
EUR/USD refreshes eight-month high above 1.0870 as risk profile soars, US PPI in focus
EUR/USD has refreshed its eight-month high above 1.0870 amid a positive risk-impulse. Volatility in the USD Index has escalated as the appeal for safe-haven assets has dropped. After slowing the extent of the interest rate hike to 50 bps, the Fed is expected to trim rate hike pace further to 25 bps. The EUR/USD pair […]
EUR/USD juggles below 1.0850 as focus shifts to US PPI and Retail Sales data
EUR/USD is oscillating below 1.0850 amid a holiday in the United States market. The US Dollar Index (DXY) is looking to drop below the immediate support of 101.75 amid an upbeat market mood. The release of the US PPI and Retail Sales will provide decisive moves in the asset ahead. The EUR/USD pair is struggling […]
A test of 1.0900 remains well in place
EUR/USD sees its recent strong advance momentarily halted. The resumption of the bullish bias should target the 1.0900 level. EUR/USD comes under pressure soon after hitting fresh 9-month peaks around 1.0870 on Friday. Despite the ongoing knee-jerk, bulls remain well in control of the mood around the pair for the time being. Against that, further […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (13 January 2023)
2023-01-13 2023-01-13 Short-term analysis for oil, gold, and EURUSD for 13.01.2023 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. EURUSD reached Gold […]
EUR/USD heads for biggest weekly gain since November despite Friday’s slide
EUR/USD about to post the highest weekly close since May 2022. US Dollar back under pressure, heads for sharp weekly losses. US Consumer Confidence rises more than expected in January. The EUR/USD trimmed daily losses during Friday’s American session, rising back above 1.0800. The euro was holding onto significant weekly gains, headed toward the biggest close […]
EURUSD: Elliott wave analysis and forecast for 13.01.23 – 20.01.23
2023-01-13 2023-01-13 EURUSD: Elliott wave analysis and forecast for 13.01.23 – 20.01.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions from corrections above the level of 1.0480 with a target of 1.1020 – 1.1300. Alternative scenario: breakout and consolidation below the level of 1.0480 will allow the pair to continue declining to the levels of 1.0240 […]