EUR/USD Sighting Larger Recovery Above 1.1280

Key Highlights The Euro found support near 1.1175 and corrected higher against the US Dollar.A major bullish trend line is forming with support at 1.1195 on the 4-hours chart of EUR/USD.The US CPI in April 2019 increased 2.0% (YoY), less than the +2.1% forecast.Canada’s unemployment rate declined from 5.8% to 5.7% in April 2019. EURUSD Technical Analysis After tradi...
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EUR/USD Remains Vulnerable Below 1.1250

Key Highlights The Euro declined heavily, tested 1.1140, and recently bounced back against the US Dollar.A key bullish trend line is forming with support near 1.1170 on the 4-hours chart of EUR/USD.The US Nonfarm Payrolls increased 263K in April 2019, better than the 185K forecast.The Euro Zone Services PMI in April 2019 is likely to remain stable at 52.5. EURUSD Technic...
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EUR/USD Rebound Could Be Capped, US GDP Impresses

Key Highlights The Euro declined to a new monthly low at 1.1110 and later recovered against the US Dollar.A crucial bearish trend line is in place with resistance at 1.1190 on the 4-hours chart of EUR/USD.The US GDP in Q1 2019 (Prelim) increased 3.2%, more than the 2.0% forecast.The Euro Zone Business Climate Index in April 2019 could decline from 0.53 to 0.50. EURUSD Te...
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EUR/USD Showing Signs of Weakness Below 1.1300

Key Highlights The Euro failed to break the 1.1325 resistance and declined sharply against the US Dollar.EUR/USD traded below a crucial bullish trend line with support at 1.1290 on the 4-hours chart.The US Housing Starts in March 2019 decreased 0.3% (MoM), whereas the forecast was +6.5%.The US Existing Home Sales in March 2019 could dip 2.3% (MoM), whereas the last was +11....
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EUR/USD Remains At Risk Of More Losses

Key Highlights The Euro declined this past week and broke the 1.1250 support against the US Dollar.EUR/USD is following a bearish trend line with resistance at 1.1235 on the 4-hours chart.The US Nonfarm Payrolls in March 2019 increased 196K, better than the 180K forecast.The US Factory Orders in Feb 2019 might decline around 0.6% (MoM). EURUSD Technical Analysis The E...
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EUR/USD Turned Bearish Below 1.1280

Key Highlights The Euro started a major decline below the 1.1300 support against the US Dollar. EUR/USD traded below key bullish trend lines at 1.1340 and 1.1295 on the 4-hours chart. The US Personal Income increased 0.2% in Feb 2019 (MoM), less than the +0.3% forecast. The US ISM Manufacturing Index for March 2019 is likely to increase from 54.2 to 54.5. EURUS...
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EUR/USD Could Extend Losses Before Fresh Increase

Key Highlights The Euro faced a strong resistance near 1.1450 and later corrected lower against the US Dollar. EUR/USD traded below a major bullish trend line with support at 1.1365 on the 4-hours chart. The US Manufacturing PMI for March 2019 (Prelim) declined from 53.0 to 52.5. The German IFO Business Climate Index for March 2019 could rise from 98.5 to 98.7. ...
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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/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/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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