EUR/USD: dollar grinds higher, fresh year low

EURUSD chart

The greenback keeps grinding higher against most rivals, broadly firmer across the board: the EUR/USD below the year low posted last week at 1.3420, accelerating south early US session, and with the hourly chart showing an increasing downward momentum, as price finally moves away...

Exclusive Analysis

Current Trading Positions

EURUSD Order Entry SL TP
AceTrader SHORT LMT @1.3438 1.3458 1.3396
AUDUSD Order Entry SL TP
RoboForex SELL LMT @0.9389 0.9470 0.9280
EURGBP Order Entry SL TP
RoboForex SHORT LMT @0.7910 0.7940 0.7813
EURAUD Order Entry SL TP
Trading Analysis SELL LMT @1.4325 1.4385 1.4205
EURCHF Order Entry SL TP
Swissquote Bank SA LONG LMT @1.2329 1.1998 1.2660

Macroeconomics Staff

Volatility Returns thanks to Earnings, Geopolitics

Trading has been volatile this morning as participants react to a variety of positive and negative earnings reports out of major names, the EU sanctions on Russia...

EUR slides limited, GBP to extend consolidative range

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.3389 1.3435 1.3270
GBPUSD 1.6965 1.7021 1.6970
USDJPY 101.86 102.25 103.82
USDCHF 0.9064 0.9059 0.9198
AUDUSD 0.9357 0.9280 0.9171
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.0794 1.0803 1.0942
NZDUSD 0.8539 0.8601 0.8521
GBPJPY 172.65 173.83 175.71
EURJPY 136.62 137.10 138.30
EURGBP 0.7876 0.7843 0.7793

EUR/USD downside limited by critical 1.3000: bears may be in charge, but sentiment is not enough to start thinking of a stronger long term slide.

GBP/USD bulls’ hopes lost: Pound sub 1.70 against the greenback, fueled bearish potential for GBP/USD seen mostly under pressure for t the upcoming month.

USD/JPY bulls still dominating the pair: pressure eased over the USD/JPY, with bulls again been a strong majority in the short and longer view.

AUD/USD red, red and more red ahead: despite its latest strength, market players are sitting in the selling side of the pair, seeing levels of 0.90 and below for next quarter.

EUR/JPY probable bottom underway: the EUR/JPY is expected to maintain the range next week, but return north afterwards.


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Most Traded Pairs Now

Pair Price Hour Day Week Month
USDCAD 1.0864 0.05 0.59 1.17 1.88
EURUSD 1.3410 0.00 -0.21 -0.42 -1.75
AUDUSD 0.9382 0.05 -0.29 -0.14 -0.45
USDJPY 102.14 -0.01 0.29 0.66 0.71
GBPUSD 1.6935 -0.01 -0.28 -0.76 -0.60