Euro Dollar is generating initial signals of reversal

FXStreet Team FXStreet

Euro Dollar looks for direction near 1.1140

Euro Dollar is looking to leave behind Thursday’s pullback amidst the generalized rangebound theme prevailing in the global markets.

Spot lost some upside momentum during Thursday’s session after positive data results from the US calendar gave unexpected oxygen to the buck and encouraged the US Dollar Index (DXY) to rebound from weekly lows, all following the signing of the US-China’s ‘Phase 1’ trade deal. Read more…

EUR/USD: Looking for recovery – Commerzbank

Karen Jones, an analyst at Commerzbank notes that EUR/USD continues to see a slight recovery and the intraday Elliott wave counts are contradictory and they remain unable to rule out the scope for a deeper sell-off to the 100-day ma and uptrend at 1.1068/64. Read more…

Euro Dollar Outlook: initial signals of reversal generated after strong upside rejection

The Euro holds stands at the back foot in early Friday’s trading and returns below 200DMA (1.1135), adding to negative signal, generated on Thursday’s strong upside rejection which resulted in bearish daily candle with a long upper shadow that hints formation of the bull-trap pattern on daily chart.

Recovery rally from 1.1084 (10 Jan low) lost traction and increasing risk of reversal. Read more...

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FXStreet Team

FXStreet

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

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