Can EUR/USD Buyers Keep The Recovery Going?

Key Highlights The Euro started a solid rebound and traded above 1.1300 against the US Dollar. EUR/USD broke two bearish trend lines near 1.1280 on the 4-hours chart. The US Industrial Production increased 0.1% in Feb 2019 (MoM), less than the +0.4% forecast. The Euro Zone Trade Balance for Jan 2019 will be released today, which could post a surplus of €13.2B, d...
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EUR/GBP Could Resume Slide Below 0.8530

Key Highlights The Euro recovered recently, but failed to clear the 0.8650 resistance against the British Pound. A crucial bearish trend line is formed with resistance at 0.8620 on the 4-hour chart of EUR/GBP. The US Durable Goods Orders increased 0.4% in Jan 2019, better than the -0.5% forecast. The German CPI for Feb 2019 will be released today, which could incr...
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EUR/USD Could Struggle To Recover Above 1.1300

Key Highlights The Euro declined heavily and broke the 1.1250 support against the US Dollar. There was a break below a couple of important bullish trend lines on the 4-hours chart of EUR/USD. The US nonfarm payrolls in Feb 2019 came in at 20K, less than the 180K forecast. The US Retail Sales for Jan 2019 will be released today, which could increase 0.1% (MoM). ...
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EUR/JPY Testing Crucial Support Near 126.30

Key Highlights The Euro climbed towards 127.50 before starting a downside correction against the Japanese Yen. A key bullish trend line is in place with support at 126.30 on the 4-hours chart of EUR/JPY. The Euro Area Retail Sales increased 1.3% (MoM) in Jan 2019, better than the +1.2% forecast. The US ADP Employment figure for Feb 2019 will be released today, whi...
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EUR/USD Could Rally If It Breaks 1.1420

Key Highlights The Euro recovered recently and traded above the 1.1325 resistance against the US Dollar. A crucial bearish trend line is formed with resistance near 1.1408 on the 4-hours chart of EUR/USD. The US ISM Manufacturing Index declined from 56.6 to 54.2 in Feb 2019. The Euro Zone PPI for Feb 2019 will be released today, which could increase 0.4% (MoM). ...
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Can EUR/USD Gain Momentum Above 1.1380?

Key Highlights The Euro recovered recently and broke the 1.1350 resistance against the US Dollar. There was a break above a crucial bearish trend line with resistance at 1.1295 on the 4-hours chart of EUR/USD. The German IFO Business Climate Index declined from 99.3 to 98.5 in Feb 2019. The US Wholesale Inventories for Dec 2018 will be released today, which could ...
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EUR/GBP Could Resume Downtrend Below 0.8700

Key Highlights The Euro struggled near 0.8840 and later declined against the British Pound. There was a break below a major bullish trend line with support at 0.8770 on the 4-hours chart of EUR/GBP. Germany’s PPI for Jan 2019 increased 0.4% (MoM), compared with the -0.2% forecast. The Euro Zone Manufacturing PMI for Feb 2019 (Preliminary) will be released today,...
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EUR/USD Trend Overwhelmingly Bearish Below 1.1350

Key Highlights The Euro declined heavily and broke the 1.1400 and 1.1350 supports against the US Dollar. There is a major bearish trend line formed with resistance at 1.1320 on the 4-hours chart of EUR/USD. The US Industrial Production in Jan 2019 declined 0.6% (MoM), whereas the forecast was +0.1%. The UK Rightmove House Price Index for Feb 2019 will be released ...
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EUR/USD at Clear Risk of Further Declines

Key Highlights The Euro formed a significant top at 1.1514 and declined heavily against the US Dollar. EUR/USD broke a few important supports such as 1.1440 and 1.1400. The German Trade Balance in Dec 2018 posted a surplus of €19.4B, better than the €18.4B forecast. UK GDP for Q4 2016 (Preliminary) will be released today, which could grow 0.2% (QoQ). EURUSD...
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EUR/USD Consolidating Above Crucial Support Post NFP

Key Highlights The Euro started a downside correction after trading above 1.1500 against the US Dollar. There is a significant support formed near the 1.1420 level on the 4-hours chart of EUR/USD. The US Nonfarm Payrolls in Jan 2019 came in at 304K, much better than the 165K forecast. The US Factory Orders figure for Nov 2018 will be released today, which could in...
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