Chart OverviewThe Euro is under significant pressure as the U.S. Dollar strengthens on the back of Donald Trump’s presidential victory. The heightened demand for the dollar has sent the Euro tumbling into a critical support zone at 1.06305. Can the Euro hold this support line, or if further declines are on the horizon. Let’s break Read More…
Introduction This daily chart of the 6E futures (Euro Futures) shows a few key technical levels and patterns amid some macroeconomic uncertainties. Currently, there is considerable tension surrounding the Euro’s strength, driven by the ongoing immigration crisis in Europe and the approaching U.S. election, which may strengthen the U.S. dollar due to shifts in U.S. Read More…
Introduction Technicals on the Euro have once again shown that the range the price has been stuck in is a very difficult one to break. 6E futures have painted 16 red sessions in the past 18 as the Dollar staged a comeback. Some investment banks are becoming bearish on the Euro as Donald Trump leads Read More…
Economic Data Recent positive data from the Eurozone, such as higher-than-expected GDP growth and industrial production, have supported the Euro but this is not very evident on the chart because at the same time the Dollar has many factors contributing to its strength too. Recent US inflation data showing a cooling trend has led to Read More…
Introduction Based on the latest inflation data, the U.S. dollar is likely to remain stable or potentially strengthen in the near term. The slowing but steady inflation rate, coupled with the Federal Reserve’s decision to maintain interest rates at their current elevated level, could make the dollar more attractive to investors seeking a safe haven. Read More…
Chart Overview In this analysis, we’ll take a closer look at the daily chart of the Euro FX Futures, focusing on the price movements as 6E has been stuck in a range for over one year. This range is between well-defined support and resistance zones, with the resistance zone at 1.10265, and the support zone Read More…
