FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today

On Friday, the EUR/USD pair first underwent a corrective pullback before resuming its upward movement and testing the 76.4% Fibonacci retracement level at 1.1551. A rebound from this level would...

On Monday, EUR/USD reached a new high for August, advancing to the 200-day EMA and 100-day SMA resistance levels. The pair appears poised for further gains amid broad-based weakness...

On the hourly chart, GBP/USD rebounded on Friday from the 38.2% Fibonacci retracement level at 1.3397, reversed in favor of the pound, and consolidated above the 1.3454–1.3458 level...

Last Friday, US equity indices finished with solid gains. The S&P 500 rose by 0.70%, and the Nasdaq 100 jumped by 1.00%. The Dow Jones Industrial Average strengthened by 0.53%...

Sometimes a single earnings report can flip the entire day's narrative. Apple lost $357.8bn of market value, marking the largest one-day drop in the company's history and the third-largest among...

The British pound is expected to complete its bullish phase during the coming week. Once the projected resistance zone is reached, a reversal is likely to form, followed...

The euro is expected to maintain its bullish bias in the coming week. After likely testing the resistance zone, the pair may reverse and move lower toward the support zone...

The GBP/USD pair also showed both a correction and trend growth on Friday. There were no major events in the UK and the U.S. on that day, and the geopolitical...

On Friday, the EUR/USD currency pair managed to both correct and resume a new upward trend. In the first half of the day, the market...

There are not many macroeconomic publications scheduled for Monday. The only notable release is the ISM Manufacturing Index for the U.S. in July. Other reports are expected to have little...