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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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/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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EUR/USD’s Recovery Facing Crucial Hurdles

Key Highlights The Euro declined heavily, tested the 1.1300 support, and later recovered against the US Dollar. There was a break above a connecting bearish trend line with resistance at 1.1380 on the 4-hours chart of EUR/USD. The German IFO business sentiment index in Jan 2019 declined from 101.0 to 99.1. Today in the US, the Dallas Fed National Activity Index fo...
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EUR/USD Trimmed Gains, Could Revisit 1.1300

Key Highlights The Euro failed to hold the 1.1440 support and declined heavily against the US Dollar. There is a major bearish trend line formed with resistance at 1.1390 on the 4-hours chart of EUR/USD. The US Industrial Production in Dec 2018 increased 0.3% (MoM), more than the +0.2% forecast. The German Producer Price Index for Dec 2018 will be released today, ...
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EUR/USD Remains Supported Above 1.1420

Key Highlights The Euro traded towards 1.1570 and later corrected lower against the US Dollar. There was a break below a major bullish trend line with support at 1.1510 on the 4-hours chart of EUR/USD. The US CPI in Dec 2018 declined 0.1% (MoM), similar to the market forecast. The Euro Area Industrial Production for Nov 2018 will be released today, which could dec...
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