The Euro-to-Dollar rate could move lower this week as it completes a corrective retracement of its October rally, according to technical analysts, although any losses are tipped to be short-term in nature because the single currency has now reversed its long-term downtrend.
November 17,2019
The Euro bounced Thursday in response to official figures showing the German economy avoiding a brush with recession in the third-quarter, but there could be more upside ahead because the charts are offering support to the single currency while some of its critics are unwilling to bet against it at current levels.
November 14,2019
The Euro was softer against the Dollar and other major currencies Wednesday even after industrial production data surprised on the upside for the month in September, as fears over U.S. trade policy kept investors in a risk-off mood and tempered appetite for the single currency.
November 13,2019
The Euro ceded ground to the Dollar Tuesday even after the influential ZEW survey provided further cause for optimism about the continental economic outlook as the allure of U.S. bond yields and overtures of the greenback proved too much for the single currency to bear.
November 12,2019
The Euro was on its front foot in the opening session of the new week but is vulnerable to losses heading into year-end, according to some analystss, who cite high U.S. bond yields, lingering trade tensions and political uncertainty as just some of the factors that could weigh on the single currency up ahead.
November 11,2019
Studies of the EUR/USD charts show the pair selling-off after forming a bearish double-top reversal pattern, and more downside is quite possible, especially in the short-term.
November 10,2019
The Euro saw a soft start to the final session of the week Friday after having been undermined in the previous session by new European Commission forecasts suggesting there might be trouble ahead for the European Central Bank (ECB), which is risking earlier optimism over the growth outlook and trade war.
November 8,2019
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