Update Time: 18 Jul 2019 05:30 GMT

EUR/USD - 1.1234
Although euro's decline from last week's high at 1.1285 to 1.1201 (Europe) yesterday's suggests early correction from July's low at 1.1194 has ended there, subsequent bounce to 1.1233 due to usd's broad-based weakness caused by falling U.S. yields, then intra-day break of said Wednesday's high in Asia suggests choppy trading above 1.1194 would continue. 

Above 1.1254 would yield another rise towards 1.1285 whilst below 1.1201 would re-test 1.1194, then 1.1182, however, loss of downward momentum should keep euro above 1.1150. 

There is no eco. data from the euro area counties, however, today is the second of the 2-day meeting of the G7 FinMIns n central bank Governors in Chantilly, France where ECB Preisent Draghi and board member Coeure will particpate in the meeting. 

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD retreats after strong NFP, weak German data

EUR/USD is trading below   1.11 after US Non-Farm Payrolls beat expectations with 266K and mixed wage growth. Earlier, weak German data weighed on the euro. Updates on trade are awaited.


GBP/USD shrugs off strong NFP, focuses on UK elections

GBP/USD is trading below 1.3150 but off the post-NFP lows. The US gained more jobs than expected. The Conservatives remain in the lead ahead of the debate between PM Johnson and Labour leader Corbyn.


US recession? Not so fast, a calm look at the economy and currencies ahead of the NFP

Recent US economic indicators have been downbeat, but they include silver linings and are backed by robust consumption. Valeria Bednarik, Joseph Trevisani, and Yohay Elam...

Read more

Gold drops to fresh multi-day lows on upbeat NFP report

Gold faded an intraday bullish spike to the $1480 area and tumbled to fresh multi-day lows, around the $1465 region in reaction to upbeat US monthly jobs report.

Gold News

USD/JPY: bearish ahead of US employment figures

Japanese data missed the market’s expectations, triggering fresh concerns about the economy. Focus on US employment figures, market players anticipate dismal numbers. USD/JPY is technically bearish could break below the 108.00 level.


Forex Majors