Euro Holds Two Month High Against Dollar
An additional 2.1m Americans filed for unemployment last week according to the Labor Department today. This is still a huge number which would be record setti...
Hexagonal is 97.99% profitable1
Euro Fx/U.S. Dollar FX:EURUSD
on 3.12.2020, the history begins from 1.1239, eurusd failed to cover 1239 and retraced back to 1055 (184 pips), as the chart demonstrates ( 3-month channel) euro is trying to fulfill buyers demand at 1134, so BED before an
Another reason to sell EURUSD.
Euro Fx/U.S. Dollar FX:EURUSD
Another reason to sell EURUSD . The price has already reached our strong resistance line. Plus, there is a strong resistance level of 1.111 + a falling trend nearby. The goal is the level of 1.099 (although I think the price wi
On Thursday, EUR/USD one-month risk reversals (EUR1MRR) crossed above zero or flipped bullish to euro calls – the first positive reading since March 11.
It was trading at 0.025 in favor of call options or bullish bets, which give the holder the right but not the obligation to buy the underlying as
The exchange rate turned sharply higher last week when leaders from France and Germany initially discussed a further stimulus plan to help out the economies hit hardest by Covid-19.
There was some pu...
The dollar dropped back as risk appetite picked up on news that Japan and the EU are moving closer to finalizing massive recovery funds, along with hopes for extra ECB stimulus. The narrow trade-weighted USD index has tumbled back under 99.00 and printed a 24-day low at 98.72. The euro rose against
Euro surges broadly today as traders more than welcome the new EU pandemic recovery plan. Canadian Dollar is currently the second strongest while the greenback is the third. Strength in Euro appears to have prompted some selloff in Sterling as well as Australian Dollars. The Pound is somewhat weighe
Short Trade IdeasGo short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1056.Put the stop loss 1 pip above the local swing high.Move the stop loss to break even once the trade is 20 pips in profit.Remove 50% of the position as profit when the pri
The dollar declined in a risk-on context yesterday. EUR/USD profited from the global positive sentiment.
For investors: reduce euro shorts ahead of today's EU proposal.
The EC plan will remain subje...
EUR/USD caught some strong bids on Tuesday amid a broad-based USD selloff.
The optimism over a potential COVID-19 vaccine weighed on the safe-haven USD.
A further escalation in the US-China tensions kept a lid on any further move up.
A sustained move beyond 200-DMA needed to confirm a near-term b
FX Strategists at UOB Group noted the outlook on EUR/USD remains tilted to the positive side for the time being.
24-hour view: “The sudden strong surge in EUR that sent it soaring to an overnight high of 1.0995 came as a surprise. While upward momentum remains strong, overbought conditio