EUR/USD Archives

Why a Fed Rate Hike is Unlikely to Reignite the Dollar Rally – Gold Silver Reports

Last Updated On September 25, 2018 8:11 AM by Neal Bhai

Gold Silver Reports (GSR) – “The dollar has been weakening since mid-August and the rate hikes for this week and December are pretty fully priced in. Even for 2019 expectations are partly baked in,” said Eric Theoret, FX strategist at Scotiabank.

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.

EURUSD Requires Patience, and Lots of It – Gold Silver Reports

Last Updated On September 12, 2018 5:37 AM by Neal Bhai

Monday’s session did just that. Sellers challenged 1.1530 but were unable to penetrate the level. That bounce from 1.1530 has led to today’s retest of the 1.1630 area.

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.