The EURUSD

Discussion in 'Technical Analysis' started by petertohen, Jan 22, 2018.

  1. petertohen

    petertohen Newbie

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    The EURUSD pair ended last week below 1.1356 level, to confirm the turn of the intraday and short term trading to the downside, and as we mentioned in our last technical update, the price will head towards 1.1196 areas as a next main station.

    Stochastic positivity might push the price to retest 1.1356 level that turns into resistance now after breaking it previously before resuming the bearish trend that gets support by the EMA50, noting that breaching 1.1356 followed by 1.1420 levels will stop the current negative pressure and pushes the price to achieve gains again.

    Expected trading range for today is between 1.1196 support and 1.1400 resistance.
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    Last edited by a moderator: Jan 22, 2018
  2. ccmm

    ccmm Trader

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    According to my [URL deleted] signals provider for forex your forecast has the euro recovering to 1.2475 / 80. If it stays with the trend, the price could rise as far as 1.2503, so do not be in too much of a hurry to short the euro if that's what you're planning to do. Eleven a certain level is reached, you need to look at trader sentiment towards US bonds and euro crosses.
     
    Last edited by a moderator: Jan 29, 2018
  3. chouhan

    chouhan Newbie

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    You well explained in post thanks for sharing your views,I would like to thank you for the efforts you have made in writing this post.Thank You
     
  4. UsaForexSignal

    UsaForexSignal Trader

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    The U.S. dollar rose to a sixth-month high as mostly wandering U.S. durable goods data suggested the U.S. economy was strong sufficient to money extra Fed rate hikes.
    The U.S. dollar index, which events the greenback's strength following to a trade-weighted basket of six major currencies, rose by 0.38% to 94.08, after hitting a high of 94.19.
    The Commerce Department said re Wednesday Core Durable Goods Orders rose 0.9% last month, beating economist predict for a 0.5% rise. The nondefense capital goods orders ex-plane, a gauge of event spending, rose 1%.
    Business investment spending is hermetically sealed sufficient to save the Fed around the gradual alley of appeal rate hikes, where order books are full, but not allowable to strain attainment and benefit to more inflation, BOT Mitsubishi said gone the deem not guilty of the data.
    The ongoing slump in the euro in the wake of rising Eurozone uncertainty supported auxiliary gains in the greenback.
    EUR/USD fell 0.47% to $1.1664 and was set for its sixth-straight week of losses as Spanish Prime Minister Mariano Rajoy faces a no-confidence vote, even if Italian diplomatic uncertainty plus weighed almost the single currency.
    GBP/USD fell 0.48% to $1.3316 as soon as the liberty of U.K. GDP data that was in-heritage previously than expectations.
    USD/JPY rose 0.16% to Y109.43 in the sky of U.S. President Trump's reverse ferret upon the North Korea peak after counterpart Kim Jong Unscaled gives advance to his recent inflammatory rhetoric and said he continued to favor at the meeting like Trump at the summit in Singapore.
    USD/CAD rose 0.73% to C$1.2976 as falling oil prices continued to assert the pair in the space of reports OPEC and its allies could lift curbs upon oil output.
     

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