Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the fourth straight session against the dollar and approaching three-week highs, as analysts expect more gains above the psychological barrier of $1.08 as concerns about a widening US-Eurozone interest rate gap recede. Recent European developments indicate the ECB will likely avoid a rush towards...

EURUSD Price Analysis The EURUSD price settles at the intraday bullish channels support line. No strong move has been observed since morning. Thus, there is no change to the expected bullish trend scenario for today. The targets begin by breaching 1.0795$ to head towards 1.0875$. Stochastic gains positive momentum to reinforce the chances of resuming the suggested rise. This trend...

EURUSD Price Analysis Expected Scenarios The EURUSD price found solid resistance at 1.0795$ level, to show some temporary bearish bias and test the intraday bullish channels support line that appears on the chart, noticing that stochastic attempts to get rid of its negative momentum clearly, waiting to motivate the price to resume the positive trades and breach the mentioned level...

Most Read: Markets Week Ahead - Markets Risk-On, BoE Decision, Gold, Nasdaq, Bitcoin The U.S. dollar, as measured by the DXY index, was a tad softer on Monday in a context of mixed U.S. Treasury yields and thinner liquidity in the FX space, with UK markets closed for a bank holiday. Despite this, the dollar's decline wasn't uniform – it...