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12 03, 2026

Grinding Higher Against the Lowly

By |2026-03-12T00:10:09+02:00March 12, 2026|Forex News, News|0 Comments

The Euro pulled back on Tuesday, as the consolidation continues, with an upwards tilt. With this, the market continues to pay those holding Euros against the Japanese yen.

EUR/JPY

The Euro pulled back just a touch during the trading session on Tuesday only to turn around and show signs of life again. The bounce that we have seen occurred at the 50-day EMA and it opens up the possibility of a continuation to the upside, but you also have to keep in mind that the 185 Yen level above is probably going to be thought of as a potential short-term barrier, but that could also make it a target.

Keep in mind that the Japanese Yen is weak against almost everything, but at the same time we see the Euro gaining a little bit against multiple other currencies. The 182 Yen level will continue to be an area of support.

Carry Trade and Volatile Headlines

I think as long as we can stay above that level, it remains a buy-on-the-dip scenario, especially as the interest rate differential favors Europe, although if you are trying to play the carry trade you are probably going to use other higher-yielding currencies to do so.

Over the longer term, I think we have a situation where we could go looking at the 186 Yen level, but it is going to remain a very noisy turn of events and the next headline that comes out, especially if it destroys risk appetite. If we were to break down below the 181 Yen level, I think that opens up the floodgate but right now, I believe we have a scenario where traders are going to continue to find reasons to get long, mainly not because they want to own Euro, but because they do not want to own Yen.

Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

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11 03, 2026

Forecast update for EURUSD -11-03-2026.

By |2026-03-11T20:18:06+02:00March 11, 2026|Forex News, News|0 Comments


Natural gas prices ended the last bullish attempts by testing $3.450 barrier, to activate with the moving average 55 negativity, by its decline towards $3.050, to confirm the negative scenario until this moment.

 

The continuation of facing negative pressures will increase the chances of attacking $2.850 level, and surpassing it will confirm its readiness to resume the negative attempts, t reach the next support at $2.630.

 

The expected trading range for today is between $2.850 and $3.250

 

Trend forecast: Bearish





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11 03, 2026

EUR/GBP Forecast: Critical Scope For Corrective Bounce Emerges

By |2026-03-11T20:09:05+02:00March 11, 2026|Forex News, News|0 Comments


















EUR/GBP Forecast: Critical Scope For Corrective Bounce Emerges – ING Analysis
































Home Forex News EUR/GBP Forecast: Critical Scope for Corrective Bounce Emerges – ING Analysis













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11 03, 2026

The GBPJPY prefers the positivity– Forecast today – 11-3-2026

By |2026-03-11T16:16:57+02:00March 11, 2026|Forex News, News|0 Comments


Platinum price is affected by the contradiction of the main indicators, which forces it to delay the previously suggested negative attack, activating with the moving average 55 positivity, by its rally to $2245.00 yesterday, to test the initial resistance, then rebound directly to settle near $2200.00.

 

Stochastic attempts to provide additional negative momentum by reaching below 50 level will support the chances of renewing the corrective attempts by reaching below $2180.00, then begin targeting negative stations near $2160.00 and $2125.00.

 

The expected trading range for today is between $2125.00 and $2220.00

 

Trend forecast: Bearish





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11 03, 2026

The EURJPY records initial extra target– Forecast today – 11-3-2026

By |2026-03-11T16:08:11+02:00March 11, 2026|Forex News, News|0 Comments

Platinum price is affected by the contradiction of the main indicators, which forces it to delay the previously suggested negative attack, activating with the moving average 55 positivity, by its rally to $2245.00 yesterday, to test the initial resistance, then rebound directly to settle near $2200.00.

 

Stochastic attempts to provide additional negative momentum by reaching below 50 level will support the chances of renewing the corrective attempts by reaching below $2180.00, then begin targeting negative stations near $2160.00 and $2125.00.

 

The expected trading range for today is between $2125.00 and $2220.00

 

Trend forecast: Bearish



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11 03, 2026

Platinum prices delay the decline– Forecast today – 11-3-2026

By |2026-03-11T12:16:21+02:00March 11, 2026|Forex News, News|0 Comments


Platinum price is affected by the contradiction of the main indicators, which forces it to delay the previously suggested negative attack, activating with the moving average 55 positivity, by its rally to $2245.00 yesterday, to test the initial resistance, then rebound directly to settle near $2200.00.

 

Stochastic attempts to provide additional negative momentum by reaching below 50 level will support the chances of renewing the corrective attempts by reaching below $2180.00, then begin targeting negative stations near $2160.00 and $2125.00.

 

The expected trading range for today is between $2125.00 and $2220.00

 

Trend forecast: Bearish





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11 03, 2026

Euro fails to benefit from mixed ECB commentary, eyes on US CPI

By |2026-03-11T12:07:06+02:00March 11, 2026|Forex News, News|0 Comments

EUR/USD stabilizes slightly above 1.1600 in the European session on Wednesday as investors await February inflation data from the United States (US), while assessing the latest headlines surrounding the Middle East crisis and comments from European Central Bank (ECB) policymakers.

Euro Price This week

The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the strongest against the Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.50% -0.55% 0.21% -0.23% -2.43% -1.00% -0.16%
EUR 0.50% -0.08% 0.72% 0.25% -1.97% -0.52% 0.33%
GBP 0.55% 0.08% 0.81% 0.32% -1.89% -0.45% 0.40%
JPY -0.21% -0.72% -0.81% -0.41% -2.60% -1.18% -0.34%
CAD 0.23% -0.25% -0.32% 0.41% -2.21% -0.77% 0.07%
AUD 2.43% 1.97% 1.89% 2.60% 2.21% 1.47% 2.33%
NZD 1.00% 0.52% 0.45% 1.18% 0.77% -1.47% 0.85%
CHF 0.16% -0.33% -0.40% 0.34% -0.07% -2.33% -0.85%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

ECB policymaker Peter Kazimir said on Wednesday that he has no reservations to hike rates without new forecasts and added that an increase in key rates, because of the Iran war, may be closer than thought. On a more cautious tone, ECB Governing Council member François Villeroy de Galhau argued that they need to remain calm and noted that he doesn’t expect a rate hike at next week’s policy meeting. Finally, policymaker Joachim Nagel said that it is still too early to reliably assess the medium- to long-term consequences of the Middle East crisis.

Meanwhile, US stock index futures trade marginally higher on the day, reflecting a cautious market stance. Israel announced that it had begun an “additional wave” of strikes against targets in Tehran early Wednesday. In response, the Islamic Revolutionary Guard Corps (IRGC) of Iran also noted that it escalated its operations against the US and Israel, targeting technological infrastructure in the region.

In the second half of the day, the US Bureu of Labor Statistics (BLS) will publish the Consumer Price Index (CPI) data for February. On a monthly basis, the CPI and the core CPI are forecast to rise 0.3% and 0.2%, respectively. A stronger-than-expected print in the core CPI could be supportive for the USD and cause EUR/USD to edge lower. Conversely, a soft reading could have the opposite impact on the pair’s action. Nevertheless, the market reaction could remain short-lived because February CPI data won’t reflect the impact of rising crude oil prices on inflation.

EUR/USD Technical Analysis:

In the 4-hour chart, EUR/USD trades at 1.1621. The near-term bias is mildly bearish as the pair holds below the downward-sloping 50-period Simple Moving Average (SMA) and the broader 100- and 200-period SMAs, which all cap the upside. Price trades beneath the Bollinger Bands’ upper line and the Relative Strength Index (RSI) hovers near 50, indicating momentum has stabilized after prior selling, yet it does not challenge the prevailing downside tilt implied by the moving averages.

Initial resistance emerges at 1.1670 (Bollinger Band upper line), and a sustained break above this level would be needed to weaken the current bearish tone and open the way toward the the 100-period SMA at 1.1723 ahead of the 200-period SMA at 1.1795. On the downside, the 20-period SMA aligns as the immediate near 1.1600 before 1.1538 (Bollinger Band lower line) and 1.1500 (static level, round level).

(The technical analysis of this story was written with the help of an AI tool.)

Euro FAQs

The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day.
EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).

The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy.
The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa.
The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.

Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control.
Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.

Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency.
A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall.
Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.

Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period.
If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

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11 03, 2026

XAG/USD flirts with $90, better opportunities for buyers

By |2026-03-11T08:14:45+02:00March 11, 2026|Forex News, News|0 Comments


XAG/USD Current price: $89,26

  • Crude oil prices further retreated from multi-year highs, weighing on the Greenback.
  • Easing oil supply concerns amid speculation on reserve releases underpinned the mood.
  • XAG/USD regains its bullish poise, faces resistance at around $92.90.

Silver is up for a third consecutive day on Tuesday, helped by a better market mood, weighing on US Dollar (USD) demand. The XAG/USD pair nears the $90 mark despite the escalating crisis in the Middle East.

So far, traffic through the Strait of Hormuz remains restricted by Iranian forces, and oil-producing countries have yet to decide whether to release emergency reserves. However, the G7 asked their energy agencies to be prepared to deploy oil reserves if necessary, while Pete Hegseth, United States (US) Secretary of War, said that Iran made a big mistake targeting its neighbors and threatened to hit Iran “harder than ever,” if the country interrupts oil flows.

The news was enough to push West Texas Intermediate (WTI) crude oil below the $80.00 mark during US trading hours, putting additional pressure on the USD and boosting stocks.

While the Persian Gulf war seems far from over, panic is now under control, and there seem to be better opportunities for Silver longs.

The extent of the conflict determines whether the WTI spike towards $120 a barrel was just a temporary reaction or if it would become a new reality.

XAU/USD short-term technical outlook

In the 4-hour chart, XAG/USD trades at $89.26. The near-term bias is mildly bullish as price has reclaimed the 32.8% Fibonacci retracement of the prior slide from $96.62 to $77.97 at $85.09, hinting at a continuation attempt after the recent rebound from mid-$82s. The 20-period Simple Moving Average (SMA) has turned higher above the flatter 100-period and 200-period SMAs, and price trades above them all. The Momentum indicator holds above its midline and has eased from recent highs, while the Relative Strength Index (RSI) indicator hovers in the low 60s, consistent with a limited bullish potential

Initial resistance emerges at the 61.8% retracement at $89.50, followed by a daily peak in the $91.30 price zone. Support, on the other hand, comes at the rising 20-period SMA around $85.10, followed by the 38.2% retracement at $85.09. Further downside would focus on the 23.6% retracement at $82.37, aligning with the late-January reaction lows and reinforcing it as a pivotal floor for the broader recovery.

In the daily chart, the XAG/USD bias is mildly bullish as spot holds above the 20-day SMA at $83.58, that has flattened but still runs well above the rising 100- and 200-day SMAs, keeping the broader uptrend intact. Momentum remains positive with the 14-day Momentum indicator above 0 and the Relative Strength Index (RSI) holding above the 50 line, reinforcing a preference for upside continuation while current supports hold.

(The technical analysis of this story was written with the help of an AI tool.)



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11 03, 2026

The GBPJPY achieves the initial positive target– Forecast today – 10-3-2026

By |2026-03-11T08:06:14+02:00March 11, 2026|Forex News, News|0 Comments

The GBPJPY pair took advantage of the continuation of forming extra support at 210.50 level, to notice forming several bullish waves, achieving the initial positive target by reaching 212.20 level.

 

The contradiction of the main indicators might push the price to provide mixed trading, but its success in breaching 212.30 and holding above will reinforce the chances of achieving additional gains that might begin at 213.05 and 213.65, while holding below 212.30 will force it to provide new bearish trading, and there is chance for retesting 210.50 level.

 

The expected trading range for today is between 211.30 and 212.30

 

Trend forecast: sideways until achieving the breach



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11 03, 2026

Forecast update for gold -10-03-2026.

By |2026-03-11T04:12:50+02:00March 11, 2026|Forex News, News|0 Comments


Despite the weakness of the EURJPY pair last trading, the continuation of providing bullish momentum by the main indicators assisted in reinforcing the chances of forming bullish waves, to target 183.60 level, then to settle below %50 correction level at 183.40.

 

 We recommend waiting for providing a new positive close above 183.40 level, to confirm its readiness to record some gains by its rally towards 184.00 and 184.25, while the failure to breach it might force the price to form new bearish waves, attempting to reach towards 182.60 then press on the extra support at 182.00.

 

The expected trading range for today is between 182.70 and 184.00

 

Trend forecast: Bullish





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