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Forex Technical Analysis

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EURUSD Returns Above 1.05, Cancels Short-term Downtrend

The USD eased broadly as investors booked profits from its recent rally, sending the EURUSD pair 1% higher on Tuesday, jumping above the critical 1.05 level.

USDJPY Fails to Hold Gains, Turns Negative

Earlier gains in the USDJPY pair are quickly gone as US traders sold the rally, keeping the pair below the psychological 130 threshold. At the time of writing, the pair traded at around 129.10, slightly lower on the day.

Gold Drops Toward 1,800 USD

As the USD continues to be in high demand, the bullion remains under pressure. That seems to be the case on Friday as the dollar index returned to its cycle highs, pushing the shiny metal down 1% toward the important 1,800 USD mark.

EURUSD Crashes Again, Drops to 2016 Lows

The pressure on the single currency is nowhere to end, pushing the EURUSD pair to new cycle lows below 1.04 for the first time since December 2016.

Nasdaq Declines Sharply Following US Inflation Data

Another day, another sell-off in US stock markets. At the time of writing, the Nasdaq 100 index was down 1.5% on the day, having completely erased a gain of nearly 2% from earlier today.

EURUSD Defends 1.05 For Now

The EURUSD pair traded relatively flat on Tuesday, hovering near 1.0550 ahead of the US session

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