-
Euro-Dollar Correction Brings 1.20 into View as Weekly Charts Warn of Setback
The Euro-to-Dollar exchange rate was treading water Tuesday after correcting from multi-year highs last week but technical analysts have warned that it could have further to fall in the short-term. Studies of the charts are indicating that a dip below the 1.20 level could be likely for Europe's single currency over the coming days after waning momentum conspired with a break higher in American bond yields and prolonged coronavirus-induced shutdowns on the continent to stall the Euro-to-Dollar exchange rate last week. The Euro twice tested 1.2350 last week, its highest since the first-quarter of 2018, before a ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jan 12, 2021 2:52pm Jan 12, 2021 2:52pm
- althar
- | Joined Apr 2011 | Status: Member | 478 Comments | Online Now
- Comment #2
- Quote
- Jan 12, 2021 3:45pm Jan 12, 2021 3:45pm
- Blessed-man
- | Joined Apr 2016 | Status: Member | 444 Comments
- Comment #3
- Quote
- Jan 12, 2021 6:52pm Jan 12, 2021 6:52pm
- iefx
- | Joined Dec 2020 | Status: Member | 162 Comments