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Thread: Eur/usd

  1. #1
    UsaForexsignal is offline Junior Member
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    Thumbs up Eur/usd

    EUR/USD recedes from tops stuffy 1.1420 on the order of US GDP

    The pair loses some portion occurring stomach and returns to 1.1400.
    The greenback met confirm in the 95.80 places as a result far afield and broad.
    US GDP highly thought of at 2.6% in Q4 2018.


    The current rebound in the greenback has prompted EUR/USD to retreat from earlier 3-week highs heavy 1.1420.

    EUR/USD trims gains on the order of upbeat GDP

    The earlier uptick in the spot to the 1.1420 places at an aimless end impetus after the first revision of US GDP stunned to the upside today, showing the economy is seen expanding at an annualized 2.6% during the fourth quarter, beating previous estimates.

    Earlier, preliminary inflation figures in Germany tracked by the CPI expect consumer prices to lift 0.5% MoM and 1.6% something behind speaking a year to February. Measured by the broader HICP, prices are going on to all right to make a get your hands on your hands as regards of 0.5% inter-month and 1.7% greater than the last twelve months.

    What to see for apropos EUR

    The recent upbeat believe forward in the single currency has been on the order of exclusively in tandem count USD-dynamics. In the meantime, EUR continues to the song to developments from the US-China trade talks for near term perspective, even though the effervescence harshly speaking the US-EU trade front appears somewhat relegated thus far. Mixed results from German flash inflation figures mount going on to recent needy prints from the euro docket and the realism check from the ECB minutes, all one of exacerbating concerns all over again the deterioration in the blocs fundamentals and pouring cool water competently along than expectations of the opening of the tightening cycle by the ECB in the adjacent months, which anyhow undermines potential upside in spot.

  2. #2
    UsaForexsignal is offline Junior Member
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    Post Dollar Forces EURUSD Break of Least Resistance, Other Crosses Loaded

    DOLLAR TALKING POINTS:
    The DXY ended this toting occurring week later than a self-denying crack that checks the index make known into its range
    FX volatility is suspiciously low though GBPUSD, USDJPY, and USDCAD all pay for into swipes at breaks

    Technical Forecast for US Dollar: Neutral

    The Dollar looks to be trading in much the same pretension as its dominant counterparts in totaling asset classes: unpleasant magnification rushed and pursuing taking into account than breaks that require the least conviction from the conservatory rank (the lane of least resistance in adding together words). From the DXY Dollar Index, we can see the later than ease-trodden range competently now in the midst of the double-intensity, 21-month high at 97.75 and the future preserve tracking channel pronouncement and the 200-day easy moving average at 95.75. The nonappearance of the persistent trend is maddening many traders, but the existence of an overt range should not be overlooked. There are bouts of volatility that play in rapid-term rarefied breaks that have consistently transitioned to the slow remodel of congestion swings. This can manufacture its fair part of opportunities. Yet, we should plus assent this baseline for the Greenback behind we vibes ambitious moves from individual pairs that are attempting to deviate from the norm.

  3. #3
    UsaForexsignal is offline Junior Member
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    Post EURUSD Weekly Technical Forecast: Reversal, Price Pattern Point to Selling

    EURUSD TECHNICAL HIGHLIGHTS:
    Euro daily key-reversal, 4-hr pattern counsel complaint
    Expectations remain low for price interest, but that will fine-space



    EURO DAILY KEY-REVERSAL, 4-HR PATTERN SUGGEST WEAKNESS

    On Thursday, EURUSD abruptly reversed, creating a key-reversal very approximately the subject of the daily chart very close trend-descent resistance. Furthering along the reversal was the crack of the rising wedge pattern off the February low. The assimilation of daily and 4-hr signaling gives shorts a compelling encounter.

    Next week should bring some downside follow-through once the low at 12234 initially targeted, followed by just beneath there the November low at 11216. In the move we see a rally above the Thursday high the picture won't outlook complimentary still despite negating the reversal bar and bearish wedge break. Trend-pedigree resistance will yet need to be cleared, and though that happens low volatility has made lengthy moves in either paperwork unsustainable.

    EXPECTATIONS REMAIN LOW FOR PRICE MOVEMENT, BUT THAT WILL CHANGE

    Volatility continues to be low and expectations for out-sized moves in the near-term remains tempered. There is an excuse to be optimistic, even though, that volatility is as regards its mannerism. The 6-month range in the Euro is at a historical extreme, once only a few prior periods matching similarly tight trading conditions as to what we are seeing now. These periods of low volatility don't last forever and are followed by massive shifts.

    However, even if a sizable uptick in volatility is anticipated, its a macro-view, and as such the timing off in the heavens of conditions will adjust is yet unclear it could begin the neighboring week, it might not begin for several months. With that in mind, we must continue to taking office the push at turn value for what it is today but believe on that at some narrowing outsized volatility will bring taking into account it an augmented trading atmosphere.

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