EUR/USD – Euro Remains In Crucial Uptrend Vs US Dollar

Key Highlights The Euro climbed to 1.2092 this past week against the US Dollar before starting a correction. There is a crucial bullish trend line with support at 1.1960 forming on the 4-hours chart of EUR/USD. China’s Consumer Price Index increased 0.4% in August 2017 (MoM), more than the forecast of +0.3%. China’s Producer Price Index increased 6.3% in Augus...
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EUR/USD – Euro Holding Crucial Trend Support Vs US Dollar

Key Highlights The Euro corrected from 1.2070 to 1.1850 against the US Dollar this past week. The EUR/USD is currently holding a major bullish trend line support near 1.1850-70 on the 4-hours chart. The US Non-farm Payrolls in August 2017 were 156K, down from the last 189K (revised). The US Unemployment Rate was up in August 2017 from 4.3% to 4.4%. EUR/USD Tech...
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EUR/USD – Euro Eyeing Test of 1.2000 Vs US Dollar

Key Highlights The Euro surged higher this past week and traded towards 1.1960 against the US Dollar. The EUR/USD pair broke a couple of important bearish trend lines near 1.1800 on the 4-hours chart. Euro Zone’s M3 Money Supply for July 2017 was up by 4.5%, compared with the forecast of +4.9% (YoY). The Dallas Fed Manufacturing Business Index for August 2017 wi...
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EUR/USD – Euro Facing Strong Offers Near 1.1780 Vs US Dollar

Key Highlights The Euro stayed above the 1.1650 support against the US Dollar, but failed near 1.1770-1.1780. There are two important bearish trend lines with resistance near 1.1770 and 1.1780 forming on the 4-hours chart of EUR/USD. Greece current account for June 2017 posted a trade surplus of €0.842B, better than the last €-0.582B. Today, the Chicago Fed Na...
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EUR/USD – Euro To Resume Uptrend Above 1.1800 Vs US Dollar?

Key Highlights The US Dollar after correcting towards the 1.1680 support against the US Dollar found support. The EUR/USD pair recovered recently and broke a bearish trend line at 1.1800 on the 4-hours chart. The pair bounced from the 100 SMA (H4) and now placed comfortably above 1.1750. China’s Retail Sales for Jul 2017 (YoY) reported today posted an increase o...
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EUR/USD – Euro Grinding Higher Vs US Dollar; Eyes 1.1850

Key Highlights The Euro remains in an uptrend and placed well above the 1.1750 against the US Dollar. There is a crucial ascending channel with support at 1.1760 forming on the 4-hours chart of EUR/USD. The German Industrial Production for June 2017 posted a decline of 1.1% (MoM). Today, the labor market conditions index for July 2017 will be released, which is fo...
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EUR/USD – Euro Eyes Upside Break above 1.1765 Vs US Dollar

Key Highlights The Euro gained a lot of traction this past week and moved above 1.1750 against the US Dollar. There is a major contracting triangle pattern with support at 1.1720 forming on the 4-hours chart of EUR/USD. Today in the Euro Zone, the German Retail Sales for June 2017 was released, which posted an increase of 1.1% (MoM). Today in the US, the Pending H...
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EUR/USD – Euro Eyes Further Upsides Vs US Dollar

Key Highlights The Euro made a nice upside move this past week and traded above 1.1640 against the US Dollar. There are two important bullish trend lines with support at 1.1585 and 1.1530 forming on the 4-hours chart. Today in the Euro Zone, the preliminary German Manufacturing Purchasing Managers Index (PMI) reading for July 2017 was released, which declined from 59...
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EUR/USD – Euro Remains In Uptrend Above 1.1400 Vs US Dollar

Key Highlights The Euro made a nice upside move this past week and now looks set to challenge 1.1500 vs the US Dollar. There are a few important bullish trend lines with supports as 1.1420 and 1.1370 forming on the 4-hours chart of EUR/USD. This past Friday, the US Consumer Price Index for June 2017 was published, which posted +1.6%, less than the forecast of +1.7% (...
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EUR/USD – Euro Remains Supported at 1.1350 Vs US Dollar

Key Highlights The Euro traded higher this past week and settled above the 1.1350 resistance versus the US Dollar. There is a connecting bullish trend line with support at 1.1340 forming on the 4-hours chart of EUR/USD. The US nonfarm payrolls for June 2017 released this past Friday posted a solid increase of 222K. Today in the Euro Zone, the German Trade Balance ...
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