Forex News EUR/USD

[mlawson71]

EUR/USD is still testing 1.1060 but has not broken out above that level yet. It may still do so before the end of the week.

 

[alhwity]

Euro Dollar is the best currency I work

 

[mlawson71]

EUR/USD finally broke out above 1.1100! The last high is at 1.1165, so I think that's the next target.

 

[mlawson71]

The EUR/USD move north continues but it's yet to reach 1.1165, by the looks of it we may have to wait for next week for that to happen.

 

[Shallen Berry]

EUR/USD challenging 1.1300 regarding dovish Draghi

The pair remains pale and drops inconsistent to 1.1320/15 band.
ECB left unchanged its key combine rates, matching consensus.
ECB will reinvest QE debt greater than the first rate lift.

EUR/USD is putting YTD lows muggy 1.1300 the figure to the test today following the press conference by President Draghi.

EUR/USD closer to 1.1300

The pair is accelerating the daily downside after ECB's Draghi tense recent data in the euro area have arrived in upon the weaker side.

In appendage, Draghi reiterated that a sustainable degree of getting used to in monetary policy is yet needed in order to save inflation upon its showing off to the banks take the goal.

Draghi along with mentioned that risks to the economic slope are now tilted to the downside.

EUR/USD levels to watch

At the moment, the pair is down 0.58% at 1.1316 facing the adjacent part at 1.1306 (2019 low Jan.3) followed by 1.1269 (monthly low Dec.14 2018) and finally 1.1215 (2018 low Nov.12). On the flip side, a fracture above 1.1396 (10-hours of daylight SMA) would strive for 1.1415 (21-daylight SMA) en route to 1.1442 (38.2% Fibo of the September-November slip).

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[mlawson71]

It reached 1.1165 right before it closed, let's see whether it will break out above that level next week.

 

[mlawson71]

The market is opening soon, let's see when the pair will rally to 1.1200.

 

[TheOrangeTrader]

DXY is poised to go lower. The yield/bond agrees. I will be buying risk on and selling risk off

 

[mlawson71]

There is a shooting star candlestick at 1.1175 on the daily time-frame, so it is possible EUR/USD may reverse from its current move to the upside.

 

[mlawson71]

The move south continues for now, I think it may drop to 1.1100.

 

[mlawson71]

EUR/USD remains bearish after all and we may see it break out below 1.1100 before the market closes tomorrow.

 

[mlawson71]

The move south continues and EUR/USD dropped below 1.1100, next target is likely at 1.1050.

 

[mk4tx]

The move south continues and EUR/USD dropped below 1.1100, next target is likely at 1.1050-1.10250.

 

[mlawson71]

I, personally, expect the move south to continue once the market opens again in a few hours.

 

[mlawson71]

It found some support at 1.1070 but I think EUR/USD will likely keep falling during the week.

 

[mlawson71]

Interesting, the move to the downside turned out shorter than I assumed it would be. EUR/USD is rallying back toward 1.1150.

 

[mlawson71]

The move north continues for now but it is yet to reach 1.1150. I think the question is, however, whether EUR/USD would rally all the way to the last high at 1.1180.

 

[mlawson71]

EUR/USD almost reached 1.1180 today, let's see whether it will form a double top or it will continue moving north.

 

[mlawson71]

EUR/USD did form something of a double top at 1.1180 but it remains bullish, let's see whether it will rally above the resistance.

 

[mlawson71]

EUR/USD remained bullish as the market closed but the double top was not broken, let's see whether there will be a breakout next week.