Michael Boutros

1 month ago | forex.com | James Stanley |Michael Boutros |Matt Weller CFA |Julian Pineda

The U.S. Dollar continues to hold deeper pullback potential, and this week is key for that theme as the currency is currently showing an evening star formation on the monthly chart. In a mirror image of that, EUR/USD is working on a morning star formation but hasn’t yet been able to breach the 1.0500 level in the pair. Above that, a confluent spot of Fibonacci levels shows around 1.0610.

2 months ago | forex.com | James Stanley |Fawad Razaqzada |David Scutt |Michael Boutros

Gold prices set a fresh all-time-high in early-week trade, once again testing above the $2,950 level. The bigger question is the major psychological level lurking overhead at $3k/oz. Gold has had very strong bullish momentum since the support test in February, as a bull pennant breakout has led to a near-parabolic like move.

2 months ago | cityindex.com | Michael Boutros |James Stanley |Julian Pineda

Euro Technical Forecast: EUR/USD Weekly Trade Levels Euro rebound off downtrend support now testing range resistance- breakout pending EUR/USD threat for larger recovery while above yearly open- US 4Q GDP, Core PCE on tap Resistance 1.05, 1.0573/87 (key), 1.0677- Support 1.0352/54, 1.0271, 1.02 (key)Euro is trading near the yearly high with a rebound off downtrend support threatening a larger recovery in the weeks ahead.

2 months ago | cityindex.com | David Song |Michael Boutros |James Stanley |Fawad Razaqzada

US Dollar Outlook: GBP/USDGBP/USD carves a series of higher highs and lows to register a fresh monthly high (1.2679), with the exchange rate approaching the upper bound of an ascending channel formation.

2 months ago | cityindex.com | James Stanley |Julian Pineda |Michael Boutros

Euro, EUR/USD Talking Points: EUR/USD battled the 1.0500 psychological level as the pair opened on Monday with resistance at the level and then found resistance there again on Thursday. The tariff topic continues to dominate and the fear of auto tariffs from the U.S. has helped to keep support in-play for USD at the 106.61 level and that’s equated to resistance in EUR/USD around 1.0500.