Is this a confirmed EU USD break out of a 10 year downtrend?
The trend line connecting the highs since 2011 seems to be broken to the upside at the end of last July.
That was about time considering the RSI (below) and price divergence developing for the last 2 years.
How many weeks it may take to get to a 50% retrace from the May 2014 high to the low of...
The greenback is marginally lower against major counterparts on Thursday after yesterday’s ascent. In general, most currency pairs have gone into a consolidation mode as traders are cautiously awaiting fresh signals from the US-China trade front and also shift focus to the upcoming economic data.
For the EURUSD pair, German CPI data will be important in the...
After two days of losses, EURUSD makes recovery attempts on Wednesday but the rebound looks unsustainable and the common currency is still vulnerable. Following a rejection from early-May highs around 1.1260, the prices struggle to stay above the 1.12 handle.
German Q1 GDP came in as expected at 0.4% q/q. This is the first quarter growth since Q2 2018. The...
The euro turned marginally higher on Friday but in weekly charts, the EURUSD remains firmly in the red. The common currency continues its efforts to break above the 1.14 handle which is in focus these days. The pair still lacks the directional impetus amid lack of meaningful drivers.
Traders continue to digest a more cautious ECB stance. Investors are now...
Euro dipped below the key 100-DMA late last week and trades unbiased on Monday, seeking a direction amid a lack of fresh catalysts. The bulls are now defending the 1.1450 level that is being exposed to a break after a slide below the 1.15 handle.
The pair alternates gains with losses after failed attempts to challenge the 1.1480 area earlier in the day. the...
