EURUSD Analysis: Why the Euro could be headed for 1.1700 [Video]

LMAX Group Research Desk LMAX Group

The Euro is finally on the move after consolidating for the entire 2018 in a range between 1.2150 and 1.2550. This latest breakdown below the bottom end of the range sets the stage for deeper setbacks in the days ahead towards a measured move extension objective in the 1.1700 area, which also happens to coincide with the December 2017 low.

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.

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LMAX Group Research Desk

LMAX Group

LMAX Group is a dynamic, visionary and award-winning financial technology company.

EUR/USD trims gains, hovers around 1.1900 post-US data

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GBP/USD comes under pressure near 1.3680

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Gold loses some traction, still above $5,000

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XRP holds $1.40 amid ETF inflows and stable derivatives market

Ripple trades under pressure, with immediate support at $1.40 holding at the time of writing on Tuesday. A recovery attempt from last week’s sell-off to $1.12 stalled at $1.54 on Friday, leading to limited price action between the current support and the resistance.

Dollar drops and stocks rally: The week of reckoning for US economic data

Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.