Euro, EUR/USD, Technical Analysis, Retail Trader Positioning – IGCS Update Euro remains in a short-term downtrend vs the US Dollar Retail traders keep building upside exposure in EUR/USD Bullish Morning Star follow-through is falling apart Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The Euro remains about 2.7% under the July high in what
Euro, EUR/USD, US Dollar, Fed, USD/JPY, Hang Seng, China, Fibonacci – Talking Points Euro support wilted after US Dollar resumed strengthening today The Fed reminded markets of their intention and Treasury yields responded If EUR/USD breaks above near-term resistance, will it make a new high? Recommended by Daniel McCarthy How to Trade EUR/USD n The
EUR/USD FORECAST EUR/USD begins the week on the back foot, following disappointing economic data in Europe and rising U.S. Treasury yields Volatility, however, is limited, with many traders on the sidelines ahead of Thursday’s U.S. inflation report, which could be critical for the U.S. dollar This article also discusses key EUR/USD technical levels to watch
Inflation in the US is declining. It is a fact. But it still remains above the Fed’s 2% target. If at a meeting in July the Fed leaders, even in the face of declining inflation and approaching its target level, nevertheless raised the interest rate and expressed their readiness to continue the cycle of tightening
Share: Following weak US data, EUR/USD climbs to a new weekly high above 1.1004. The July US Nonfarm Payrolls report gave mixed signals, with fewer people adding to the workforce while wages increase. Germany reported strong factory orders for June, but soft Retail Sales in the EU came in at -0.3% MoM, dampening
EURUSD was above it 200 hour moving average The EURUSD is now breaking above its 200-hour moving average at 1.10037. The 50% midpoint of the move down from last week’s high comes in at 1.1030 and is the next upside target. The high from last Friday and Monday came in near 1.1045. Those are also
EURUSD on the hourly chart The EURUSD dipped lower as popost-jobsolatility takes over. The technical’s are also in play in the EURUSD pair. The run to the upside today was able to extend above its 200 hour moving average and 38.2% retracement of the move down from last week’s high at 1.1002. The break that
EURUSD trades to a new session high The EURUSD has extended to a new session high as London/European traders look toward the end of week. The price is approaching the swing high from Monday near 1.10449. The high price from last Friday reached 1.10467. The 38.2% retracement of the move down from the July high
The EURUSD wandered lower this week and in the process dipped below the 50% midpoint of the range since the 2021 high on the daily chart at 1.0942. What the price in the EURUSD could not do is stay below the rising 100-day moving average currently at 1.09193. That moving average was tested on Wednesday
Share: Analysts at Rabobank see the US Dollar appreciating against the Euro and the Pound over the next few months. They point out that the relative resilience of the US economy suggests that it will be some time before monetary policy is eased. Key quotes: “Fitch’s decision to downgrade the US credit rating
