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

The EUR/USD currency pair plunged like a stone again on Wednesday. This time the trigger was the US inflation report, which came in 0.1% above forecasts. Judge for yourself whether...

The dollar weakened, and the euro and pound took advantage. The market largely ignored European inflation and US data, focusing instead on comments from New York Federal Reserve president John...

The EUR/USD currency pair traded calmly on Tuesday, still within the same descending channel. Over the past month, trading days in the FX market have blurred into...

Very few macroeconomic releases are scheduled for Wednesday. Essentially, the only major item is the US Consumer Price Index, which matters for the Federal Reserve's next steps. Recall...

On Tuesday, the EUR/USD pair made another tepid attempt to correct within the month-long decline. Price has once again broken the descending trendline, yet each breakout fails to produce either...

A price test at 1.1179 occurred as the MACD indicator began moving down from the zero line, confirming a correct entry point to sell the euro. As a result...

The wave count on the four-hour chart for EUR/USD has become more complex. On the higher timeframe (lower chart), the downward trend segment has taken the form of a five-wave...

The EUR/USD currency pair resumed its decline on Monday after a week-long pause. The market had no new, weighty reasons to keep selling EUR/USD, and no major news emerged during...

Very few macroeconomic releases are scheduled for Tuesday, and none are important. Germany will publish its second estimate of September inflation, which is unlikely to differ from the preliminary reading...

A price test at 1.1215 occurred after the MACD indicator had already moved far below the zero line, limiting the pair's downside potential. For that reason, I did not sell...