EUR/USD climbs to highs beyond 1.1350

16 November, 2018

The pair advances to daily highs near 1.1360 on Friday. The greenback trades on the defensive below the 97.00 handle. EMU’s final CPI figures next on tap. Attention also on Brexit.

The single currency keeps its slow but relentless march north at the end of the week, taking EUR/USD to the 1.1350/60 band ahead of the opening bell in Euroland.

Spot is advancing since Tuesday on the back of alleviated concerns on the US-China trade front, while fresh demand for the shared currency has been also stemming from EUR/GBP and the sharp sell off in the Sterling.

In fact, the greenback has been suffering the probability of a US-China trade deal, which could be announced as soon as this month when President Trump and China’s Xi Jinping meet at the G20 gathering in Argentina.

While attention in the Old Continent should remain on Brexit negotiations and the future of PM Theresa May, final October inflation figures in Euroland are due today along with the speech by BuBa’s J.Weidmann.

Across the pond, Industrial Production, Capacity Utilization and the speech by Chicago Fed C.Evans is also expected.

At the moment, the pair is up 0.25% at 1.1356 facing the next hurdle at 1.1376 (21-day SMA) seconded by 1.1502 (high Nov.7) and then 1.1519 (55-day SMA). On the other hand, a break below 1.1214 (2018 low Nov.12) would target 1.1188 (61.8% Fibo retracement of the 2017-2018 up move) en route to 1.1118 (low Jun.20 2017).


Source   Presented by HYCM
Euro declines on the back of risk aversion30 Jun, 2020  

On Monday the 29th of June, trading on the euro closed up. The EURUSD pair rose by 0.22% to reach 1.1241. Trading on the US stock market closed up...

EURUSD holding steady below the balance line25 Jun, 2020  

Considering that our pair has dropped from 1.1349 to 1.1236 without any pullbacks, the current momentum should be enough to take it to the 112th degree...

EURUSD: bulls planning to test 1.130023 Jun, 2020  

On Monday the 22nd of June, trading on the euro closed up. The single currency rose to 1.1270 against the dollar. Investors seemed to have forgotten about...


Euro struggles against Dollar; Gold wobbles18 Jun, 2020  

The Euro remains trapped in a fierce battle against an unyielding Dollar with prices trading marginally below 1.1250 as of writing...

EURUSD: continued flat to around 1.130010 Jun, 2020  

The EURUSD pair was held up by the yen, which rose by 1.04% to reach 108.43 against the dollar. The yen is considered a safe haven asset, so investors...

EURUSD: markets await Lagarde speech5 Jun, 2020  

Trader attention is turned towards the ECB meeting and the following press conference with Christine Lagarde. Interest rates are expected to be maintained...


EURUSD: continued growth expected21 May, 2020  

The promising results of COVID-19 vaccine trials have reduced demand for the safe haven assets. The majors are trading up against the dollar...

EURUSD: expected rebound from the lower line14 May, 2020  

The pair rose to the balance line as expected. At the time of writing, the euro is trading at 1.0807. The majors are currently trading down...

Bulls trying to strengthen the upwards impulse11 May, 2020  

Before the recovery, we got a double bullish divergence model. This should see a bounce to 1.0926. If we assume that we're going to get a flat, then this is the model...