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...
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...
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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...
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...
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