EUR/USD to bottom at 1.12 next year – Rabobank

According to analysts from Rabobank, see the EUR/USD pair moving to the downside on the back of US dollar strength.   Key Quotes:  “In the space of just one month, EUR/USD has traded as high at 1.1757 (on September 27) and as low at 1.1432 (October 9). This volatility has sen ...

EUR/USD extends gains on Friday, still lower for the week

EUR/USD rebounds further during Friday’s US session and climbs to 1.1530.  Technical bias still points to the downside but the bounce from lows eased pressures.  The EUR/USD rose further during the US session boosted by the GBP/USD pair that climbed following report, accordin ...

EUR/USD Technical Analysis: Euro testing 1.1500 near daily highs

EUR/USD is in a bear trend below the 200-period simple moving average.  EUR/USD is currently trading just below the 1.1500 figure after the market found some support at last week low.  EUR/USD is likely going to remain under bearish pressure below 1.1500 figure. However, a break abov ...

EUR/USD climbs to 1.15 neighborhood after Moscovici’s comments

   •  A modest USD pull-back helped bounce off monthly lows and snap two days of losing streak.    •  Optimistic comments by EU’s Moscovici eased Italian concerns and provided a minor lift. The EUR/USD pair built on its intraday recovery move an ...

US Dollar Index offered below 96.00

The index comes under pressure below the 96.00 handle. US 10-year yields return to levels above 3.20%, session highs. US Existing Home Sales contracted more than expected during September. The greenback, in terms of the US Dollar Index (DXY), is now trading on the defensive and is returning t ...

EUR/USD recovers further from monthly lows, refreshes session top

   •  A modest USD pull-back from multi-week tops helped bounce off monthly lows.    •  The up-move lacked any obvious catalyst and thus, runs the risk of being sold into.    •  Italian budgetary concerns might act as a key factor cappin ...

EUR/USD fragile, now looks to 1.1400 – UOB

FX Strategists at UOB Group noted the pair looks vulnerable and could test the 1.1400 area in the next weeks. Key Quotes 24-hour view: “The ‘target’ indicated at 1.1470 yesterday was exceeded as EUR slumped to an overnight low of 1.1447. Downward momentum has improved considerabl ...

EUR/USD Technical Analysis: Scope for a new visit to 2018 lows at 1.1299

EUR/USD continues to grind lower this week, accelerating the downside to the mid-1.1400s after break below the critical support at 1.1500 the figure . Immediate contention should emerge at October’s low at 1.1430 ahead of the 200-week SMA, today at 1.1322. The continuation of the dow ...

EUR/USD clings to gains near 1.1460, Italy on sight

The pair remains under pressure near the 1.1450 area. The greenback stays bid, flirts with the 96.0 handle. Italy, Brexit, EU Leaders Summit all remain focused so far. The sentiment around the European currency remains fragile at the end of the week, prompting EUR/USD to drop and test fres ...

EUR/USD scope for a drop to 1.1411/04 – Commerzbank

Karen Jones, Head of FICC Technical Analyst at Commerzbank, the pair’s decline could extend to the 1.1411/04. Key Quotes “EUR/USD remains under near term downside pressure having failed at Fibo resistance at 1.1624 and is eroding a minor support line at 1.1459. We look for losses t ...

EUR futures: scope for extra retracement

In light of preliminary figures for EUR futures markets, open interest rose by nearly 6K contracts on Thursday from Wednesday’s final 474,096 contracts. In addition, volume increased for the third session in a row, this time by around 6.6K contracts. EUR/USD rising odds for a test of 1.129 ...

EUR/USD falls below key 1.1460 and eyes October lows

Dollar and yen up across the board amid risk aversion.  EUR/USD extends losses to 1-week lows.  The EUR/USD pair is trading below 1.1460 a the lowest in a week. During the last 24 hours lost more than a hundred pips and lost relevant technical levels. The greenback and particularl ...