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Where is the EUR/USD pair heading next? Join Akabogu Nicholas as he breaks down key support and resistance levels, trends, and potential market moves. Will the Euro strengthen against the Dollar, or is a pullback expected? watch your predictions below!

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15/01/2025 Trading Signal: GBP/USD ANALYSIS: GBP/USD continues to face bearish pressure due to ongoing concerns about the UK economy, including weaker-than-expected industrial output and consumer confidence data. The U.S. dollar remains firm, supported by robust retail sales figures and...

[2025-01-14 Overnight Review] FOREX: EUR/GBP rose to 0.8660 as weak U.K. industrial production data weighed on the pound. AUD/NZD slipped to 1.0705, pressured by weak Australian commodity prices and improved business confidence in New Zealand. CAD/JPY climbed to 114.80, supported by rising...

[2024-12-03 Overnight Review] FOREX: The U.S. Dollar Index exhibited mixed sentiment, oscillating between 104.70 and 104.90 before closing at 104.82, reflecting cautious market positioning ahead of key Federal Reserve remarks. The euro edged higher to 1.0530, supported by improving Eurozone...

What does the data mean to the market? The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and indicates increases or decreases needed in supply, affecting the price. A Positive number is bad for the oil price. Other oil data is...

EURUSD faces risk of further move lower as it embarks on a third of bearishness. This is coming on the back of its price rejection on Tuesday. Resistance stands at the 1.1250 where a break will turn risk towards the 1.1300 level. A breach above here will target the 1.1350 level. Further up...

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Technical Analysis of Three Currency Pairs EUR/USD According to analysis, The EUR/USD fell close to 90 pips on Friday, counteracting the bullish view put ahead by the outside-day reversal. That bearish move has founded Thursday's high of 1.1402 as the level to beat for the bulls, that is, the...

The dollar stood tall against its peers on Friday, hovering near a nine-month high versus the yen, after data reinforced upbeat views about the U.S. economy and backed the Federal Reserve's signal for a steady course of rate increases over the next year. U.S. gross domestic product grew at a...

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EURUSD: The pair looks to weaken further as it holds on to its downside pressure. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the...