Eur/usd

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  1. #1
    Senior Member RusefSandi's Avatar
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    Post Eur/usd

    Eur/usd
    EUR/USD rebound from 2019 lows, lead regarding 1.1280

    The pair moved lower and printed yearly lows stuffy 1.1230.
    The greenback is now lessening from YTD peaks late accrual-data.
    Big miss in January US Industrial Production.

    Volatility remains the reveal of the game consequently far-off afield away at the decrease of the week, as EUR/USD has now militant to the 1.1280/85 bands after briefly recording well-ventilated 2019 lows in the boundaries of 1.1230.

    EUR/USD bid after US data

    Risk-harshly sentiment remains ably and sounds in the second half of the week, although the sentiment re the single currency stays depressed amidst the ongoing rally in the buck, all taking into consideration recent influence to the lead from the US-China trade talks.

    After briefly recording fresh yearly lows in the 1.1235/30 band, spot met a recognition of buying orders following the big miss in US Industrial Production, which approved at a monthly 0.6% in January. Further data saying Capacity Utilization dropping to 78.2% and Manufacturing Production retreating 0.9% inter-month, all prints coming in under previous estimates.

    On the brighter side, the regional manufacturing gauge measured by the Empire State index rose above estimates to 8.80 for the current month.

    What to see for regarding EUR

    The offered bias in the shared currency remains dexterously and sound this week in the hostility of some to the fore movement made in the US-China trade talks and triumph to resume negotiations neighboring week. The slowdown in the euro bloc keeps weighing on the subject of sentiment for that gloss far, toting up to the ongoing speculations that the ECB could pay for going on from acting re rates this year and extend subsidiary, otherwise, the current pause-mode. In joining together, diplomatic concerns remain dexterously and hermetic in Euroland as we profit closer to the EU parliamentary elections: snap elections in Spain in the region of April 28, the nevertheless unresolved issue of the yellowish-brown vests in France and the colossal effervescence in the Italian diplomatic scenario, every single one appear to be lending meet the expense of happening to the idea of swelling populism in the Old Continent.

    EUR/USD levels to watch

    At the moment, the pair is losing 0.18% at 1.1273 and a crack sedated 1.1234 (2019 low Feb.15) would aspire 1.1215 (2018 low Nov.12) en route to 1.1118 (monthly low Jun.20 2017). On the flip side, the adjacent taking place barrier emerges at 1.1294 (100-hour SMA) seconded by 1.1332 (200-week SMA) and finally 1.1341 (high Feb.13).

  2. #2
    Senior Member RusefSandi's Avatar
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    Post EURUSD retraces the drop and returns to the topside resistance place and finds seller

    Back and forth after fracture lower unsuccessful
    The EURUSD has retraced all the pretension sponsorship taking place to the resistance place defined by the trend pedigree and the 100 hour MA. That place comes in at 1.1284-90. Yesterday, the 100 hour MA (blue extraction) was inconsistent, but the trending stock stalled the rally. The levels are reversed today behind than the 100 hour MA above the trend extraction.

    The squeeze proud came after a degrade trend extraction was inconsistent (at the grow pass of the economic releases and Coeure comments). Sellers could not be sustained. Weaker IP and Capacity Utilization helped to appendix the pair serve superior, but there seems to be a limit as the price is now guidance off the topside resistance areas.

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  3. #3
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    Post EUR/USD jumps to multi-hours of day tops, on the order of 1.1330 level

    in ro ham eslah kon:
    Recovers supplementary from Fridays 3-month lows and remained sell bid for the second straight hours of hours of daylight.
    The USD held coarsely the defensive together then growing US-China trade optimism and remained in accord.


    The EUR/USD pair speedily reversed a to the front European session dip to sub-1.1300 level and spiked to spacious multi-day tops, in the region of the 1.1330 regions in the last hour.

    The pair caught some quick bids at the begin of a further trading week and built in the region of Friday's goodish bounce from three-month lows along together as well as the prevalent selling bias surrounding the US Dollar.

    Growing optimism subsequent to again accrual proceed in the US-China trade talks kept the USD bulls upon the defensive and was seen as one of the key factors driving the pair far away-off ahead through the mid-European session upon Monday.

    Meanwhile, dispel participants now seemed to have thoroughly digested Friday's downbeat clarification by ECB board fan Benoit Coeure, axiom that the region's slowdown had been deeper and broader than anticipated.

    Coeure's explanation added dampened hopes for a first ECB assimilation rate hike this year but unsuccessful to hinder the ongoing at the forefront movement, albeit it remains to be seen if the pair is able to bond the strength or speedily run out of steam at future levels.

    In non-attendance of any major market, the length of economic releases upon the announcement of the Presidents Day holiday in the US, the USD price dynamics might continue to accomplish as an exclusive driver of the pair's exposed upon Monday.

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