Posts Tagged ‘EUR/USD’

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EUR/USD and GBP/USD Forecast — May 26th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 26th session. EUR/USD — As you can see, we initially tried to rally during the day on Thursday, but pulled back to form a less than impressive candle. However, even though there is a little bit of a shooting star candlestick being formed, I think we are clearly just consolidating. So, I expect the buyers to return. I think […]

Traders Focus on Euro and Ruble

Traders focus their attention on the European session. Yesterday, economists expected the euro to dip down against the US dollar, but today the pair recovered to its previous highs. The euro is trading at 1.2224 against the US dollar. Analysts believe that the pair can correct to 1.12. Today, market participants analyze the minutes of the FOMC meeting. The officials stated that they do not plan to raise the key interest rate in the near […]

EUR/USD and GBP/USD Forecast — May 24th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 24th session. EUR/USD — As you can see, it has been a negative session during the day on Tuesday as 1.12 has offered a bit of resistance. Quite frankly, I am still bullish though. This has been a pretty impulsive move. So, a pullback makes quite a bit of sense. I think 1.10 should be massively supportive and that […]

EU Releases Upbeat Data

Investors do not hurry to fix profits on the euro buy deals, as a result the EUR/USD pair continues to trade at fresh highs. The single European currency is trading at 1.1254 against the US dollar amid the release of upbeat economic data. According to the government data, the German economy expanded by 0.6% in the first quarter of 2017, holding well in line with what markets had earlier anticipated. The result was faster than a 0.4% growth […]

Euro Approaching One-Year High Against Greenback

The most traded currency pair continues to extend its gains today. This time, the single European currency is gaining ground thanks to the comments by Germany's Chancellor Angela Merkel. Addressing students in Berlin, Angela Merkel said that the euro is weak due to an ultra accomodative monetary policy of the European Central Bank. Investors reacted to these comments immediately. The EUR/USD pair is heading towards the 1-year high, trading at the level […]

EUR/USD and GBP/USD Forecast — May 16th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 16th session. EUR/USD — As you can see, we rallied a little bit during the day, but 1.10 of course is going to offer resistance. So, I think at least this moment, I am looking for more consolidation. A move above 1.10 would be very bullish though. GBP/USD — We rallied initially during the day, but […]

EUR/USD May Reverse Trend Anytime Soon

The US macroeconomic statistics failed to meet expectations on Friday, so the greenback is losing ground today. Consequently, the most traded currency pair is heading towards the upside. The EUR/USD pair is trading at the level of 1.0970. Forex analysts expect the single currency to reach the 1.10 threshold. However, it is difficult to say whether the euro will be able to sustain gains as market participants are ready to absorb some key […]

EUR/USD and GBP/USD Forecast — May 12th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 12th session. EUR/USD — As you can see, we had a very choppy session on Thursday. It looks like if we can break down below the bottom of the range, we will more than likely go looking to fill the gap. The 1.0750 level underneath is support. We have not filled this gap and typically […]

EUR Trading Lower Against USD on Weak German Data

Macroeconomic releases from Germany proved that investors were right to sell the euro. Today the EUR/USD pair keeps pulling away from 6-month highs. In the early European trades, the pair reached the psychological level of 1.09. Investors are still fixing profits on euro buy deals amid Emmanuel Macron's victory in France's presidential election. Besides, macroeconomic statistics from Germany places the single European currency under pressure. Trade […]

EUR/USD and GBP/USD Forecast — May 8th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 8th session. EUR/USD — As you can see, we fell a bit during the day on Friday, but Thursday foretold what was going to happen, I think that the market already made up its mind. You can see that we pulled back to the previous resistance to find support on Friday and then the jobs number which of course […]

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