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Euro Forecast: EUR/USD Recovery Puts Monthly-Open Hurdle in Focus
2021-02-09 20:00:00
Michael Boutros,
Strategist
Euro Technical Price Outlook: EUR/USD Weekly Trade Levels
Euro updated technical trade levels & sentiment – Weekly Chart
EUR/USD breakdown rebounds off Fibonacci support- bear market recovery or reversal?
Risk for deeper setback while below the 1.22-handle – Key daily support at 1.1835
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Euro surged more than 1.3% off last week’s lows against the US Dollar after rebounding off Fibonacci support on an outside-day reversal on Friday. The immediate focus is on a reaction at key resistance just higher for guidance with the recovery vulnerable into the yearly high-close. These are the updated targets and invalidation levels that matter on the EUR/USD weekly price chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Euro technical setup and more.
Loonie has steadily held back the recent Dollar rally with USD/CAD coiling below technical resistance. Here are the levels that matter on the Loonie charts this week.
Euro Outlook: EUR/USD Plummets Past 1.20- 2021 Breakdown Intensifies 2021-02-04 19:43:00 Michael Boutros, Strategist
Euro Technical Price Outlook: EUR/USD Near-term Trade Levels
Euro updated technical trade levels – Daily & Intraday Charts
EUR/USD breakdown accelerates more than 1.4% lower into February open
Support objectives eyed at 1.1945 & 1.1893 – risk for further losses sub-1.2128 Advertisement
Euro is poised for a fourth consecutive daily decline against the US Dollar with EUR/USD off more than 1.4% this week. A break below the January opening-range lows has fueled leg lower into the start of February with Euro now down more than 3% off the yearly high. The decline is now approaching the first major support objectives and we’re looking for possible price inflection just lower. These are the updated targets and invalidation levels that matter on the EUR/USD technical price cha
Gold Price Outlook: Gold Weekly Reversal- Bear Market Rally or More? 2021-01-22 20:00:00 Michael Boutros, Strategist
Gold Technical Price Outlook: XAU/USD Weekly Trade Levels
Gold priceupdated technical trade levels - Weekly Chart
XAU/USD snaps two-week losing streak – recovery vulnerable sub 1909 Advertisement
Gold prices are poised to snap a two-week losing streak with XAU/USD up more than 1.3% to trade at 1856 in early US trade on Friday. An outside weekly-reversal marks the second occurrence in just three weeks and while this development would typically be considered constructive, the rebound keeps price within the broader August decline and the focus is on a break of this week’s range for guidance. These are the updated targets and invalidation levels that matter on the gold weekly charts heading into the close of the month. Review my latest Weekly Strategy Webinar for an in-depth