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

Trade analysis and trading tips for the European currency The test of the 1.1241 price level occurred when the MACD indicator had just started moving upward from the zero line...

The euro is rising against the US dollar, although European economic data have provided little reason for such gains. The main driver is the United States. The Democrats' election victory...

The test of the 1.1196 level occurred when the MACD indicator was just beginning to move upward from the zero line, confirming a favorable entry point for buying the euro...

The euro strengthened against the US dollar following the results of the US midterm elections. The Democrats secured majorities in both the House of Representatives and the Senate...

The EUR/USD currency pair showed no significant movements on Tuesday. The market traded sideways with low volatility throughout the day. This was quite understandable, as there were few important events...

A considerable number of macroeconomic releases are scheduled for Wednesday. The European Union will publish its October Consumer Price Index (CPI) today, and inflation is expected to accelerate further...

Tuesday's Trade Analysis: 1H chart of EUR/USD. The EUR/USD currency pair traded exclusively sideways throughout Tuesday, while the only relatively important U.S. JOLTS report failed to trigger any market reaction...

The Elliott wave count 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...

The test of the 1.1201 price level occurred just as the MACD indicator was beginning to move upward from the zero line. This confirmed that the entry point for buying...

Yesterday, the euro's trading session unfolded in two distinct phases. Before noon, it rose steadily, reaching a high of almost 1.1230. However, US economic data restored demand for the dollar...