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

Preliminary PMI data for May from the Eurozone and the UK will be released today in the first half of the day, and the market will focus closely on these...

The price test at 1.1611 coincided with the MACD indicator just beginning to move upward from the zero mark, confirming the correct entry point for buying euros. As a result...

The dollar has once again found itself in a difficult position due to Donald Trump's latest statements regarding the Middle East. The euro and the pound reacted positively to news...

According to the H4 chart, crude oil has broken the uptrend channel and is now consolidating below this zone. Thus, we believe it could continue its fall in the coming...

We should pay attention to the 21 SMA, a key support level where we could look for opportunities to open long positions. Our outlook will hold only if the instrument...

Given that the British pound has reached resistance near 1.3477, this could be a signal to open short positions; or, should the British pound fall below the 6/8 Murray level...

The euro has upside potential in the coming days, so we will look for opportunities to continue buying as long as the price consolidates above the 3/8 Murray level. Hence...

There are several macroeconomic reports scheduled for Thursday, May 21. However, the relevance of this number of reports may be minimal. Recall that this week the market has already ignored...

The EUR/USD currency pair attempted another rise on Wednesday. Recall that on Tuesday, the euro failed to hold its ground, and optimism about resolving the conflict in the Middle East...

The EUR/USD currency pair continued its downward movement on Wednesday, with volatility remaining low. Over the past 10 days, the euro has moved by only 70 pips. Clearly, the market...