EUR-USD Archives

ECB’s Draghi Speaks After Central Bank Leaves Rates Unchanged

Last Updated On October 25, 2018 6:57 PM by Neal Bhai

European Central Bank President Mario Draghi is speaking at a press conference Thursday following the institution’s decision to leave its benchmark interest rate unchanged.

ECB’s Draghi says incoming data has been weaker than expected

Last Updated On October 25, 2018 6:49 PM by Neal Bhai

Draghi: Significant stimulus still needed for inflation

Draghi says ECB ready to adjust all instruments as appropriate

EUR/USD – Bullish on a Breakout – Neal Bhai Reports

Last Updated On September 20, 2018 9:42 PM by Neal Bhai

With pressure building in the form of an ascending wedge just beneath strong resistance the euro is on the cusp of a breakout. There is a good amount of resistance in the area around 11720/50 which needs to be cleared through first before momentum has a chance at picking up.

US Dollar Grinds at Key Support Ahead of Non-Farm Payrolls (NFP)

Last Updated On September 7, 2018 10:18 AM by Neal Bhai

Gold Silver Reports (GSR) – The US Dollar continues to battle with the 95.00 level, and this most recent test comes with a bit of heightened interest: Last week saw sellers drive below the level only to be followed by buyers pushing off of the August lows into month-end. This came along with a resistance reaction at a big area in EUR/USD. Yesterday saw resistance in USD/DXY at the June and July highs around 95.53, and this adds further questions to the sustainability of US Dollar strength as we move towards the end of Q3.

Forex Upate : EUR/USD Watch 1.15650, If Hold Above Big Blast on Chart – Think MCX Gold and INR???? – Neal Bhai Reports

Last Updated On August 21, 2018 5:16 PM by Neal Bhai

Forex Upate : EUR/USD Watch 1.15650, If Hold Above Big Blast on Chart – Think MCX Gold and INR???? Suppose Not Break This Level You Will See Again Bloodbaath in MCX Gold and Gold Spot – Report By Neal Bhai

EUR/USD Consolidation May Finally be Coming to an End – Gold Silver Reports

Last Updated On August 3, 2018 8:38 AM by Neal Bhai

Gold Silver Reports (GSR) – The sideways movement has also narrowed in the last five weeks. A view of the daily time frame shows what appears to be a narrowing wedge. Resistance extends from the June 14th high while support begins with the June 21st low.

DXY at Support, EUR/USD at Resistance

August 2, 2018 9:03 AM by Neal Bhai

DXY at bottom of coil

While the Euro tests resistance, low and behold, the DXY tests support:

✅ Higher time frame musings

✅ Higher time frame, horizontal resistance zone holding

✅ Price now looking to break out of triangle to the downside.

Dollar Index Now Down By More Than 0.2%

July 9, 2018 2:27 PM by Neal Bhai

Gold Silver Reports (GSR) – Dollar index now down by more than 0.2% – And it is falling below the 38.2 retracement level @ 93.81 as highlighted earlier here. The continued selling momentum in the dollar following the US jobs report extends to the new week. EUR/USD just touched a session high of 1.1781 while the dollar is at the lows against the aussie, swissie, and sterling as well.