EUR/USD Failed Near Key Resistance, Could Retest 1.1100

Key Highlights The Euro failed to clear a crucial resistance near 1.1260 against the US Dollar. EUR/USD traded below two bullish trend lines near 1.1200 on the 4-hours chart.The Euro Area CPI increased 1.7% in April 2019 (YoY), similar to the forecast and last reading.The German PPI in April 2019 (MoM) might increase 0.2%, whereas the last was -0.1%. EURUSD Technical Ana...
Read More

EUR/USD Showing Positive Signs Above 100 SMA

Key Highlights The Euro started a strong rebound after trading as low as 1.1183 against the US Dollar.A crucial bullish trend line is formed with support at 1.1250 on the 4-hours chart of EUR/USD.The Michigan Consumer Sentiment Index in April (Prelim) declined from 98.4 to 96.9.The NY Empire State Manufacturing Index in April 2019 might increase from 3.7 to 6.0. EURUSD T...
Read More