Author: GG Analyst

The pair started the week and continued its serious growth trend, but it could not keep this pace, having stumbled on Thursday. As a result, Euro dropped from the resistance area around 1.0760 almost by a figure. However, dollar bulls could not use the situation to the full extent: the pair stabilized and ended the week a bit above 1.07, actually where it has started the week. On the back of the above process, there was another series of highs renewals of the US stock indices. On Thursday and Friday, those processes a bit slowed down due to profit fixing, which more…

EURUSD reached the area of 1.07 during trades last week. The chances for stable growth even higher are much bigger in the second attempt. The downtrend of the pair faded at the end of December. The renewal of many-years lows at the beginning of January, probably, turned out to a desperate attempt of bears to accelerate their attack, but it failed. Rally of dollar and stock markets caused by Trump’s election was quite significant, and now the serious correction is obvious, otherwise dollar and stock markets would need an important reason to continue growth. In such conditions the traders prefer more…

Low liquidity before the New Year holidays allowed euro bulls at some point to push EURUSD above 1.0650. The year closed above 1.05. However, the start of trading in the new year was marked by restoring of dollar positions, and the pair renewed 14-year highs. Meanwhile, the pair traded again above 1.0550. They cannot highlight any impulse for such dollar weakening. This is only the profit fixing by big players after two months rally of the American currency. Moreover, during this time stock markets were growing, hence, they had either the reasons for profit fixing before the important events on the more…