EUR/USD Remains Vulnerable Below 1.1120

Key Highlights EUR/USD failed to gain strength above 1.1150 and declined below 1.1100.There was a break below a crucial bullish trend line with support near 1.1105 on the 4-hours chart.The Euro Zone CPI increased 1.3% in Dec 2019 (YoY), similar to the market forecast.The German Producer Price Index could rise 0.1% in Dec 2019 (MoM). EUR/USD Technical Analysis This pas...
Read More

EUR/USD Facing Uphill Task Near 1.1150

Key Highlights EUR/USD found support near 1.1085 and it is correcting higher.There are many hurdles on the upside near 1.1145 and 1.1150.GBP/USD might decline heavily if it breaks the 1.3000 support area.The UK Industrial Production could decrease 0.2% in Nov 2019 (MoM). EUR/USD Technical Analysis After a steady decline, EUR/USD found support near the 1.1085 area. The...
Read More

EUR/USD Likely To Follow Uptrend Above 1.1150

Key Highlights EUR/USD corrected lower after trading as high as 1.1239.A key bullish trend line is forming with support near 1.1130 on the 4-hours chart.The US ISM Manufacturing Index declined from 48.1 to 47.2 in Dec 2019.The Euro Zone Services PMI is likely to remain at 52.4 in Dec 2019. EUR/USD Technical Analysis This past week, EUR/USD traded above the 1.1200 resi...
Read More

EUR/USD Gaining Bullish Momentum, Bulls Aiming 1.1250

Key Highlights EUR/USD found support near 1.1070 and rallied above 1.1150.A major bearish trend line was breached with resistance near 1.1110 on the 4-hours chart.GBP/USD is back above 1.3050 and it might consolidate in the near term.The US Pending Home Sales might increase 5.8% in Nov 2019 (YoY). EUR/USD Technical Analysis After a downside correction, EUR/USD found s...
Read More

EUR/USD Could Resume Its Downtrend Below 1.1050

Key Highlights EUR/USD started following a bearish path from the 1.1200 resistance.GBP/USD failed to stay above the key 1.3200 support and declined towards 1.3000.The US GDP grew 2.1% in Q3 2019, similar to the market forecast.The US New Home Sales could decline 0.8% in Nov 2019 (MoM). EUR/USD Technical Analysis This past week, EUR/USD consolidated above the 1.1100 su...
Read More

EUR/GBP Rally Approaching Crucial Resistance, UK CPI Next

Key Highlights EUR/GBP recovered sharply from the 0.8280 support area.It is trading above 0.8400, but approaching a major hurdle near 0.8500.The UK Claimant count changed 28.8K in Nov 2019, more than the 24.5K forecast.The UK CPI could decrease from 1.5% to 1.4% in Nov 2019 (YoY). EUR/GBP Technical Analysis This past week, there was a massive decline in the Euro from ...
Read More

EUR/USD Turned Positive Above 1.1050

Key Highlights This past week, EUR/USD climbed above the 1.1050 and 1.1100 resistance levels.A key rising channel is forming with support near 1.1100 on the 4-hours chart.GBP/USD corrected sharply after tagging the 1.3500 resistance area.The US Manufacturing PMI could decline from 52.6 to 52.4 in Dec 2019 (Preliminary). EUR/USD Technical Analysis This past week, the E...
Read More

EUR/USD Stuck In Broad Range Below 1.1100

Key Highlights EUR/USD struggled to settle above the 1.1100 resistance area.GBP/USD remained strong and surged above the 1.3100 resistance area.The US nonfarm payrolls increased 266K in Nov 2019, better than the market forecast of 180K.The US unemployment rate declined from 3.6% to 3.5% in Nov 2019. EUR/USD Technical Analysis After forming support near 1.1000, the Eur...
Read More

EUR/USD At Risk of Further Declines

Key Highlights EUR/USD extended its decline and retested the 1.0980 support area.A major bearish trend line is forming with resistance near 1.1045 on the 4-hours chart.The Euro Zone CPI increased 1% in Nov 2019 (Prelim) (YoY), better than the 0.7% forecast.The US ISM Manufacturing Index might increase from 48.3 to 49.4 in Nov 2019. EUR/USD Technical Analysis This past...
Read More

EUR/USD Resumes Downtrend, 1.0950 Next?

Key Highlights EUR/USD failed to climb above the 1.1100 resistance and resumed its downward move.There was a break below a consolidation pattern with support at 1.1055 on the 4-hours chart.The US Manufacturing PMI climbed higher from 51.3 to 52.2 in Nov 2019 (Prelim).The German IFO Business Climate Index is likely to rise from 94.6 to 95.0 in Nov 2019. EUR/USD Technical ...
Read More

12...102030...»