Latest breaking stories, features and analysis
EUR/USD forms head & shoulders as EU heads to another recession
- The EUR/USD has formed a rising wedge and a head and shoulders pattern.
- Data by Markit showed that the services PMI declined to 45.0 in January due to lockdowns.
- The manufacturing PMI dropped to 54.7.
25th DecemberUp or down? Zilliqa (ZIL) price prediction for January
EUR/USD price plunges below $1.18 on a setback in economic recovery
EUR/USD price tumbled further lower today following a plunge in the PMI data for August. The sellers are now in control of the price action in the short-term, as they aim for at least $1.1720. Fundamental analysis: PMI data for August disappoints Eurozone flash manufacturing purchasing managers index (PMI)…
August 21, 2020
Here’s how EUR/USD price could drop below $1.15 in August
EUR/USD price has failed to extend the aggressive uptrend this week, opening the door for a potential reversal in the trend direction. A specific pattern is now in the making as the bears look to push the price action below $1.15. Fundamental analysis: Dollar climbs after positive jobs data…
August 8, 2020
EUR/USD price hits crucial multi-year resistance on the EU recovery deal
EUR/USD price registered the week since March by gaining 2% to trade above $1.16 for the first time since September 2018. The EUR bulls received a massive boost after the European Union agreed a massive €750-billion coronavirus recovery package. Fundamental analysis: Greece and Italy relieved Italy, Spain, and Greece…
July 25, 2020
Here’s how EUR/USD price could reach $1.19 this year
EUR/USD price is working to record the third straight bullish month after edging higher in May and June. The buyers are in firm control of the price action as they look to extend the rally to $1.15, at least, and then $1.19 before the year ends. EU Summit in…
July 11, 2020