EUR/USD Primed To Continue Higher Post Double Bottom

Key Highlights The Euro started a strong rise from the 1.0925 support against the US Dollar. EUR/USD is facing resistance near 1.1100 and a bearish trend line on the 4-hours chart.China’s Retail Sales increased 7.5% in August 2019 (YoY), less than the last 7.6%.The NY Empire State Manufacturing Index could decline from 4.80 to 4.55 in Sep 2019. EUR/USD Technical Analys...
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Can Gold Price Hold This Important Support Vs US Dollar?

Key Highlights Gold price after trading towards $1360 against the US Dollar made a short-term top. At the moment, the price is trading near a major support near $1320 on the 4-hours chart. China’s Retail Sales in August 2017 posted an increase of 10.1% (YoY), less than the forecast of +10.5%. China’s Industrial output in August 2017 posted an increase of 6% (Y...
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EUR/USD – Euro To Resume Uptrend Above 1.1800 Vs US Dollar?

Key Highlights The US Dollar after correcting towards the 1.1680 support against the US Dollar found support. The EUR/USD pair recovered recently and broke a bearish trend line at 1.1800 on the 4-hours chart. The pair bounced from the 100 SMA (H4) and now placed comfortably above 1.1750. China’s Retail Sales for Jul 2017 (YoY) reported today posted an increase o...
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EURUSD – Can Euro Continue to Hold 1.0500 Support?

EURUSD – Can Euro Continue to Hold 1.0500 Support? Key Highlights The Euro found support on the downside around 1.0500 on 3-4 occasions against the US Dollar. The daily chart of the EURUSD pair clearly suggests that the highlighted support is very important for EURUSD. Today in China, Industrial output released by the National Bureau of Statistics of China posted ...
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EURUSD – Euro Nosedives Vs Dollar As Market Settles Down

EURUSD – Euro Nosedives Vs Dollar As Market Settles Down Key Highlights The Euro after trading as high as 1.1299 against the US Dollar found sellers and moved down. There was a bullish trend line formed on the hourly chart of EURUSD, which was broken during the downside move at 1.1020. Today, the Chinese Retail Sales report released by the National Bureau of Stati...
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