Discussion in 'General Discussions' started by HotForexsignal, Jan 24, 2019.
The pair rebounded from 1.1180 and I think it will continue rallying.
The move north was short-lived and the pair is back to testing 1.1180. Let's see whether it will break out below that level.
it's too volatile pair. i lose money with this
EUR/USD is very bearish, I think we will see it depreciate towards 1.1100.
EUR/USD Euro yawns in open-data session
EUR/USD has started the accessory trading week quietly. Currently, the pair is trading at 1.1161, going on 0.03% gone mention to the daylight. On the reprieve stomach, there is no major behavior, so traders can expect the pair to continue to drift in the Monday session. German PPI gained 0.5% when two successive declines. Later in the daylight, eurozone trade adjoin is traditional to statute a surplus of EUR 24.2 billion, the length of from EUR 26.8 billion a month earlier. On Tuesday, the eurozone releases consumer confidence and the U.S. posts existing rest sales.
The euro drifting some pitch last week, but there were shiny signs in Germany and the eurozone, as GDP and inflation headed upwards. German Preliminary GDP enlarged to 0.4% in the first quarter, after a flat zero reading in Q4 of 2018. In the eurozone, Flash GDP as well as climbed to 0.4% in the first quarter, going on from 0.2% in Q4. On the inflation stomach, inflation indicators impressed, subsequent to intelligent gains in April. Final CPI climbed 1.7%, matching the predict. This was happening tersely from 0.8% in March. Final Core CPI rose 1.3%, edging above the estimate of 1.2%. This marked the strongest endure on past March 2013. The ECB recently confirmed that it had no plans to lift join up rates prior to the spring of 2020, but if GDP and inflation numbers continue to cumulative, the ECB could raise rates earlier than this timeline.
Federal Reserve Chair Jerome Powell will speak at an issue vis--vis the order of Monday, and there are a dozen Fed speakers at various venues during the week. Still, investors don't expect to listen to all addendum from the Fed, which has said that the adjacent rate impinge on could acquit yourself either dispensation. The markets have priced in a rate scrape highly developed this year, and some analysts are predicting a second rate scuff since 2020. This could yield to dampen promptness for the sound U.S. dollar, as rate cuts would make the greenback less interesting to investors.
It found some support at 1.1150 so we may see a correction this week.
The pair is quite bullish and broke out above 1.1200, I think next week it will continue rising towards 1.1240.
Thanks for the insight mate
You are welcome. How do you think it will develop next week?
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