September 25, 20240Comments

Forex Analysis – Forecast for EUR/USD on September 25, 2024

The euro surged past the strong resistance level of 1.1186. Yesterday's trading volume was above average. The market is once again driven by risk appetite.

by Jeff Wecker

Forex Analysis

September 24, 20240Comments

Forex Analysis – Forecast for EUR/USD on September 24, 2024

Yesterday's Eurozone business activity data for September came out pessimistic. The Manufacturing PMI weakened from 45.8 to 44.8, while the Services PMI showed

by Jeff Wecker

Forex Analysis

September 23, 20240Comments

Forex Analysis – Forecast for EUR/USD on September 23, 2024

On Friday, the euro tried for the third time to test the resistance of the target level of 1.1186 and the upper boundary of the price channel.

by Jeff Wecker

Forex Analysis

September 20, 20240Comments

Forex Analysis – Forecast for EUR/USD on September 20, 2024

The euro's second attempt to overcome the resistance at 1.1186 yesterday was unsuccessful — the price had to climb too far from the day's low,

by Jeff Wecker

Forex Analysis

September 19, 20240Comments

Forex Analysis – Forecast for EUR/USD on September 19, 2024

So, the FOMC of the Federal Reserve lowered the rate by 0.50% yesterday, contrary to our expectation of 0.25% and against the forecasts of leading U.S.

by Jeff Wecker

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