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

The wave count on the four-hour chart for EUR/USD has become more complex. On the higher time frame (bottom chart), the downward trend segment has taken the form...

The dollar strengthened noticeably against the euro yesterday, and the pair lost another roughly 30 pips overnight, falling to about 1.1121. The euro again played the laggard. The main surprise...

The EUR/USD pair continued to fall on Tuesday, moving ever lower. Formally, the euro managed a correction of roughly 100–120 pips before the new decline. We view that move...

Very few macroeconomic releases are scheduled for Wednesday, and none of them are material. We see no reason to draw traders' attention to clearly secondary reports unlikely to move...

The EUR/USD pair continued downward on Tuesday and lost another roughly 120 pips over the past four days for no particularly good reason. After a month-long drop of about...

The euro continued to decline today, and even steady eurozone data failed to halt the move. By midday, the pair had fallen to around 1.1136, from which it staged...

The US midterms are one week away, and markets are holding their breath for developments in the Middle East. The market largely believes that immediately after the congressional elections —...

The price test at 1.1195 came when the MACD indicator had moved far below the zero line, limiting the pair's downside potential. For that reason, I did not sell...

Yesterday, the euro fell throughout the session. Asian trading, protests in France, and developments in commodity markets briefly gave the euro and the pound some support, as many traders...

US stock markets opened the week with confident gains. The broad-market S&P 500 added 0.7%, the tech-heavy Nasdaq Composite rose 1.1%, and the blue-chip Dow Jones advanced 146 points...