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

The euro and the pound sterling plunged sharply against the US dollar, and there are tangible reasons for that. EUR/USD dropped to about 1.1153 from 1.1229 on Tuesday morning...

Today the dollar holds yesterday's jump. The dollar index gained about 0.5% yesterday—the best day since September 23—and the two-year Treasury yield rose 17 bps, the largest intraday jump...

The wave structure on the 4-hour chart for EUR/USD has become more complex. On the higher timeframe (bottom chart), the downward trend segment has taken the form of a five-wave...

The price test at 1.1213 occurred when the MACD indicator moved well below the zero line, limiting the pair's downside potential. For that reason, I did not sell the euro...

The EUR/USD pair continued trading within the sideways channel on Tuesday, which has persisted for more than a month. Yesterday, the euro again declined significantly, but as we forecasted...

No macroeconomic publications are scheduled for Wednesday. The exception is the second estimate of Germany's October inflation, which will be released as a revision. We do not expect the second...

The EUR/USD pair fell again on Tuesday, but once more within the sideways channel. As we expected, the US inflation report triggered a strong market reaction, but that report...

The test of the 1.1198 price level occurred when the MACD indicator was just beginning to move upward from the zero line, confirming that it was an appropriate entry point...

The Elliott Wave count on the 4-hour chart for EUR/USD has become more complex. On the higher timeframe (lower chart), the downward trend segment has taken the form...

The EUR/USD currency pair continued trading within a sideways channel on Monday, which has been in place for a month. It should be noted that the sideways movement began immediately...