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Euro plummets to a two-decade low

News for today, Wednesday, July 6

European stock futures are up today after yesterday’s slump. DAX futures traded 1.1% higher, CAC 40 futures were up 1.2%, and FTSE 100 futures rose 1%.

The U.S. dollar slid today with the DXY index down 0.1%, while EUR/USD achieved its two-decade weakest level …

EUR/USD currency pair analysis

The EUR/USD pair declined and managed to break the support level at 1.0330, and reached the next target at the value of 1.0250, which is a historical bottom for the price, and it is settling around this level. Affected by the negativity of the stochastic indicator and the negative pressure …

GBP/USD currency pair analysis

The GBP/USD pair achieved its bearish target and reached the support level of 1.1950 after the strong bearish movement that formed yesterday, where the price managed to breach several levels of support to confirm the strength of the current bearish path, which is likely to continue during today's trading. We …

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