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  1. Euro Forecast: bullish breakout by 1.1626 resistance level to be crossed; waiting for retracement

    by , 07-25-2020 at 02:30 PM
    The agreements by EU leaders on a budget and a recovery fund have given EUR/USD a boost and prepared the ground for a further advance that could take the pair back to its autumn 2018 highs. However, traders should watch out for a possible retracement first as the pair is now technically overbought.

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    Having broken above the 1.15 level, EUR/USD is well placed to challenge the 1.1621 high reached in October 2018. However, a pullback is possible ...
  2. GOLD (XAU/USD): bearish ranging waiting for the direction of the strong trend to be started

    by , 07-06-2020 at 11:15 AM
    Gold prices may surrender to the US Dollar if another wave of the coronavirus hammers global growth prospects and destabilizes the fragile corporate debt market.

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    Anti-fiat hedges like gold may surrender in the third quarter if a second wave of the coronavirus hits the global economy and dampens future inflation prospects. Demand for haven-linked assets like the US Dollar may amplify XAU/USDs losses as traders re-allocate capital from relatively ...
  3. Euro/USD: daily bullish ranging for direction

    by , 07-05-2020 at 11:20 AM
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    The European Council President is expected to propose a more modest EU budget this week. The Council is hoping EU leaders will agree to it at a summit later this month but wrangling over how best to help the weaker members from the Covid-19 pandemic will likely continue. Unless the EU governments can sort out their disagreements soon, a drop is likely in EUR/USD in this years third quarter.

    Tags: eur/usd, euro, eurusd Add / Edit Tags