EUR/USD - 1.1825

Despite euro's retreat from 1.1841 to 1.1806 yesterday's after ECB said it will slow its bond buying operation, subsequent recovery suggests further sideways swings above this week's 1.1803 low (Wednesday) would continue, as long as 1.1856 (Monday' low, now res) holds, decline from last Friday's 1-month peak at 1.1908 would pressure price lower, however, loss of downward momentum should keep euro above 1.1757 (61.8% r of 1.1664-1.1908).

Only a daily close above 1.1856 signals pullback is possibly ended and risks gain to 1.1884/86, break would yield re-test of 1.1908 next week.

Data to be released on Friday :
New Zealand retail sales.
Germany CPI, HICP, U.K. GDP, industrial output, manufacturing output, construction output, trade balance, NISER GDP estimate, France industrial output, Italy industrial output.
U.S. PPI, wholesale inventories, wholesale sales, Canada capacity utilization, employment change and unemployment rate.

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.

Feed news

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD remains pressured after US data misses estimates

EUR/USD is trading closer to 1.1750, paring its recovery from earlier in the day as the safe-haven dollar is bid. US Consumer Sentiment missed estimates with 72 points in September. The financial woes of China's Evergrande are weighing on sentiment.

EUR/USD News

GBP/USD trades under 1.38 amid on UK data, dollar strength

GBP/USD is on the back foot, trading under 1.38 after UK Retail Sales figures disappointed with -0.9% in August, worse than expected. Brexit uncertainty and dollar demand weighed on the pair earlier. 

GBP/USD News

XAU/USD surrenders intraday gains, drops closer to $1,750 level

Gold struggled to preserve its intraday gains and dropped to the lower end of the daily trading range during the early North American session. 

Gold News

Experts say Ripple will win SEC lawsuit, which might propel XRP to new all-time highs

The latest development in the ongoing SEC vs. Ripple lawsuit is that documents are classified as privileged and blocked for public viewing. Though institutional investors are yet to take big bets on the altcoin in 2021, retail investors are actively trading in XRP.

Read more

US Michigan Consumer Sentiment Preview: Markets will have to look hard for positive signs

Consumer outlook expected to rebound to 72.2 in September. August’s 70.2 was the lowest since December 2011. Inflation and Delta variant wearing on US optimism. Markets face negative dollar risk from fading consumer optimism.

Read more

Majors

Cryptocurrencies

Signatures