EUR/USD Analysis: More compelling to see next big move higher, not lower [Video]

EURUSD

The recent setback below 1.1200 has thrown a dent in an outlook that was arguing for a medium to longer-term higher low off the multi-year low from 2017, ahead of the next major upside extension within a developing uptrend. However, while we did see the market break below the barrier, setbacks were quickly supported, with the market unwilling to establish a weekly close below 1.1400. This keeps the prospect for that higher low alive. Back above the February high at 1.1420 would be required to strengthen this outlook and take the immediate pressure off the downside.

In this analysis, we take a look at EURUSD each day, highlighting all of the need to knows for anyone looking to extract up to date information on the major levels and relevant trends, both short term and longer-term. The analysis is designed for the trader, investor and even those simply holding Euro or US Dollars, looking for an idea of where they may want to consider making that next conversion.

The EURUSD update is new each day and is presented with an added layer of animation, in an effort to make the analysis as engaging as possible, while also communicating the message with respect to key trends and levels in an easy to understand, seamless manner with great value add to all.