EURUSD pauses decline, downside risk remains

1 April, 2015

EURUSD bounced from Tuesday’s low of 1.0712, pausing the recent 4-day decline from 1.1051. The daily tenkan-sen line crossing above the kijun-sen line indicates some consolidation in in play. Upside is limited by solid resistance at the March 26 high of 1.1052. This is also the 61.8% Fibonacci retracement level of the downleg from 1.1449 to 1.0461. The January 26 low of 1.1096 is also an important resistance level and a decisive break above this would reverse the downside bias. Meanwhile a break below 1.0678 would open the path to retest the March 13 low of 1.0461 and below this would confirm the bearish trend.


Source link  
Fed minutes next on plate for dollar

The Fed will release the minutes of its September meeting, where policymakers raised rates for a third time this year, on Wednesday at 1800 GMT...

Tensions look set to escalate

Chinese trade figures for August will be made public on Saturday, with the numbers being scrutinized for any negative effects stemming from US tariffs...

UK GDP next on the horizon

The UK preliminary GDP data for Q2 are due out on Friday, at 0830 GMT. Projections point to an acceleration in growth, which would be in line with the BoE...


Manufacturing PMI next to drive euro

Eurozone economic performance has been in question in the second quarter of 2018 ever since a row of soft data raised concerns that the slowdown registered...

Dollar eyes Fed minutes

The Fed will release the minutes from its June policy meeting on Thursday, at 1800 GMT. Not only did policymakers raise interest rates for a second time this year at that...

Dollar close to erasing post-election gains

The US dollar rally suffered a major setback on Friday after the Trump administration failed in its attempts to repeal and replace Obamacare...


EURGBP bearish in lower Bollinger Band

EURGBP fell below its 20-day moving average on Monday to a low of 0.7140. The downside bias remains strong after the pair failed to close...

EURUSD bullish after breaking above 100-day moving average

EURUSD has been gaining momentum and reached fresh 3-month highs of 1.1370 in early European session trading on Thursday...

EURUSD breaks above Ichimoku cloud

EUR/USD is looking more bullish after breaking above the daily Ichimoku cloud last week. The pair remains outside the cloud...


In the past 24 hours Bitcoin has gained 0.61% and reached $6512.6308505. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0.6352% and is now at $1.1587. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 3.51% and is now at $205.63155032. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets91%
2FXTMFXTM88%
3HYCMHYCM87%
4Alfa-ForexAlfa-Forex86%
5FxProFxPro85%
6FIBO GroupFIBO Group84%
7OctaFXOctaFX83%
8HotForexHotForex82%
9FXCMFXCM80%
10AvaTradeAvaTrade77%
  


Share: