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  1. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    EUR/USD comes under further downside pressure and rapidly gives away the initial optimism, returning to the mid-1.0800s in the wake of another stellar print from the US jobs report on Friday. It ended the week just below 1.0800, bearish in the daily chart. EUR/USD picks up extra selling pressure...
  2. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    EUR/USD is taking in the upper quarter of the 1.09 area with printing a high of 1.0985 made so far. The Euro rallied from a low of 1.0852 on the day, completing its daily ATR and bulls keep moving in with eyes on the 1.1000 psychological mark. EUR/USD has rallied as the market jumps on a dovish...
  3. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    EUR/USD is at a crossroads trading around 1.0865 and slightly up on the day by .015% having ranged between a low of 1.0802 and 1.0874 in what has been a two-way business day ahead of central bank meetings. The Federal Reserve showdown on Wednesday is the first major risk for EUR/USD and then the...
  4. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    EUR/USD has been sent onto the backfoot as US stocks slide to fresh session lows led by the tech-focused Nasdaq which is down by more than 1% on Monday. At the time of writing, EUR/USD is losing around 0.2% and dropped from a high of 1.0913 to a low of 1.0850 recently printed. It's a big week...
  5. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    The EUR/USD got rejected from the 1.0900 psychological barrier for two consecutive days and on Friday slipped to the 1.0860 region after data from US cemented the case for a 25 bps rate hike by the Fed. At the time of writing, the EUR/USD is trading at 1.0866. Wall Street finished the week with...
  6. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    The European currency now gives aways some gains after motivating EUR/USD to climb to fresh 2023 peaks near 1.0930 earlier in the session on Thursday. The pair ended the day around 1.0890, still bullish in the daily chart. Despite the current knee-jerk, the yearly rally in EUR/USD remains well...
  7. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    EUR/USD advances for the third consecutive session and revisits the 1.0860 area amidst alternating risk appetite trends and humble gains in the greenback. The pair ended the week around 1.0855, still bullish in the daily chart. Indeed, the appetite for the risk complex appears somewhat subdued...
  8. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    Bulls remain in control of the sentiment around the single currency, with EUR/USD charting decent gains above the 1.0830 mark as the NY session draws to a close on Thursday. Indeed, the selling interest around the greenback allows the continuation of the improvement in the risk complex and helps...
  9. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    The euro is under pressure on Tuesday, under control by bears and falling from a high of 1.0869 to a fresh low of 1.0773. It ended the day around 1.0790 and still bullish in the daily chart. ECB policymakers are starting to consider a slower pace of interest-rate hikes after a likely 50...
  10. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    EUR/USD gives away some gains and returns to the negative territory following an earlier climb to new highs around 1.0880. It ended Monday at around 1.0815, still bullish in the daily chart. Market participants were still cheering, easing United States price pressures and the possibility of a...
  11. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    EUR/USD leaves behind the 1.0700 barrier and hit a fresh multi-week high to 1.0750 region on the back of the persevering sell-off in the greenback, which comes with investors’ re-assessment of the potential next steps by the Federal Reserve when it comes to future interest rate hikes. This...
  12. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    The EUR/USD jumped above 1.0600 amid a sharp reversal of the US Dollar that tumbled across the board following the ISM Service PMI report. The pair rose 1.25% from the daily low and is having the best day in a month. The first leg lower of the US Dollar followed the release of the Nonfarm...
  13. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    The selling pressure in the Greenback now picks up further pace and drags EUR/USD back to the mid-1.0500s on Thursday, or daily lows. Further downside could retest 1.0520, EUR/USD quickly returned to the negative territory in response to the abrupt uptick in the Greenback, which approaches the...
  14. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    The Euro (EUR) retraces against the US Dollar (USD) after hitting daily highs of 1.0635 and is dropping after the release of mixed US economic data, slightly boosted the US Dollar and shifting sentiment sour. At the time of writing, the EUR/USD is trading at 1.0616, above its opening price by...
  15. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    The Euro (EUR) sheds some ground against the US Dollar (USD) on the first trading day of 2023 amidst thin liquidity conditions in the financial markets. The release of S&P Global PMIs in the Eurozone failed to bolster the shared currency on Monday. At the time of writing, the EUR/USD is trading...
  16. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    The EUR/USD advances modestly in the last trading day of 2022, during the North American session, though above its opening price by 0.13%. A light economic calendar keeps the EUR/USD pair within familiar ranges ahead of the week. At the time of writing, the EUR/USD is trading at 1.0705, still...
  17. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    The EUR/USD pair holds comfortably above the 1.0600 round-figure mark through the early North American session and moves little in reaction to the mixed US macro data. It ended Friday near 1.0620, still bullish in the daily chart. The US Bureau of Economic Analysis reported that the PCE Price...
  18. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    EUR/USD is moving in towards a price imbalance between 1.0580 and 1.0570 having already made a low of 1.0573. The price is coiled below the top of the bullish cycle up at 1.0763 and is breaking down the trend which leaves the bias to the downside, but still bullish in the daily chart. The US...
  19. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    The EUR/USD pair seesaws between tepid gains/minor losses through the early North American session and is currently placed in neutral territory, around the 1.0600 mark, still bullish in the daily chart. The Bank of Japan-inspired rally in the Japanese Yen is seen weighing on the USD, which, in...
  20. CDO Markets

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    The EUR/USD is trading flat for the day, hovering near 1.0600. During the American session, the pair fell to 1.0574, reaching the lowest level since December 13, but still bullish in the daily chart. While German yields moved off highs during the Aercianesssion, Treasury yields printed fresh...
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