Hello everyone, good morning. In this techncial analysis, only we are into this consolidation of this ascendent triangle that we proyect a continuation of the trend, but more important is to read, that is the better way to know how its the market.
Well, in the H4 timeframe we see a bearish divergence, but I don't go to entry in there because the price as is into this chartist pattern, and as I know the trayectory of EUR that is so bullish and in the next week there are a possibibility to make this analysis in following for the next week, because there are a nice opportunity to find up more of 200 pips as EUR/USD reach the $1.15 USD. And also, that I have another position traders open that for me is important to do a risk management, and I am in profit in 3 operations that I keep open that is GBP/USD, EUR/GBP and LTC/USD. I'm in earnings in this operation.
So, here below is the fundamentals that always I bring you, and also we have a PPI (MoM) of June for the par USD about the
1. Forex-Dollar edges higher as virus cases following in growup
2. EUR/USD exchange rate rises as imrpoving risk sentiment drags on Greenback
3. EUR/USD has experiment a higher on Gloomy, US economic outlook.
4. US Dollar has suffered today as risk-sentiment has imrpoved despite growing fear one a possible second wave of coronavirus cases in United States
5. Investors are hoping in favour of a new resurgence of the pandemic in a swift economic recovery, that is for US.
6. Marshall Gittler say this morning in euro exchange news.co.uk that US Dollar has a generally at the mercy of risk sentiment.
7. Euro rises despite growing concerns for the Eurozone economic recovery agains the US Dollar
8. Euro edged higher agains the greenback today despite concerns that the Eurozone's economy could be headed for a deeper reccesion than previously forecast. That is a bad indicator for long term later that US had a recuperation of the economy and the US economy is stabilizes and stop out more cases of covid-19 in most cities in USA.
9. The executive vice-president of the European Commision or called EC in the acronym, say that we could to navigate in storm waters and face many risks, including another major wave of infctions.
10. The European Commision report this morning as at the global level, the still rising rate of infections, particularly in the US and emerging markets has deteriorated the global outlook, and as expected to act as a drag on the European economy.
11. But a general lack of Eurozone economic data, Euro it's appear instead benefited from safe-haven demand as investors turn away from America's struggling economy, with the EUR being a direct competition with the US Dollar. One indicator selected that EUR is starting in 2020 as the best currency today to invest when the lower level of $!.05 USD has impressed all a up of more of near of 10% or 1,000 pips.
12. Otherpoint is traders are awaiting for tomorrow's a release of Germany's trade data. Now, if there's any marked improvement in the Eurozone's powerhouse economy's exports, then we could see the EUR/USD exchange rate continue to edge higher if we take in our hand the positive German Data. That's could be benefited the Eurzone.
And the latest point is:
1. Dollar eyres multi-week lows as risk assets rally
2. China's Yuan rallieas as economy recovery
So, in summary EUR it's more optimistic agains the USD, that is a potential sign that EUR reach the level above of $1.14 USD in short and mid-term at $1.15 USD as my predictions of about the satisfactory fundamentals so whats I read it. As USA continue to received mroe cases in US Hospital around of the nation, the covid-19 could be explode in the nation into this sumerge infections wave as politics decision making, US Dollar go back to undervalued and devaluated.
Well, in the H4 timeframe we see a bearish divergence, but I don't go to entry in there because the price as is into this chartist pattern, and as I know the trayectory of EUR that is so bullish and in the next week there are a possibibility to make this analysis in following for the next week, because there are a nice opportunity to find up more of 200 pips as EUR/USD reach the $1.15 USD. And also, that I have another position traders open that for me is important to do a risk management, and I am in profit in 3 operations that I keep open that is GBP/USD, EUR/GBP and LTC/USD. I'm in earnings in this operation.
So, here below is the fundamentals that always I bring you, and also we have a PPI (MoM) of June for the par USD about the
1. Forex-Dollar edges higher as virus cases following in growup
2. EUR/USD exchange rate rises as imrpoving risk sentiment drags on Greenback
3. EUR/USD has experiment a higher on Gloomy, US economic outlook.
4. US Dollar has suffered today as risk-sentiment has imrpoved despite growing fear one a possible second wave of coronavirus cases in United States
5. Investors are hoping in favour of a new resurgence of the pandemic in a swift economic recovery, that is for US.
6. Marshall Gittler say this morning in euro exchange news.co.uk that US Dollar has a generally at the mercy of risk sentiment.
7. Euro rises despite growing concerns for the Eurozone economic recovery agains the US Dollar
8. Euro edged higher agains the greenback today despite concerns that the Eurozone's economy could be headed for a deeper reccesion than previously forecast. That is a bad indicator for long term later that US had a recuperation of the economy and the US economy is stabilizes and stop out more cases of covid-19 in most cities in USA.
9. The executive vice-president of the European Commision or called EC in the acronym, say that we could to navigate in storm waters and face many risks, including another major wave of infctions.
10. The European Commision report this morning as at the global level, the still rising rate of infections, particularly in the US and emerging markets has deteriorated the global outlook, and as expected to act as a drag on the European economy.
11. But a general lack of Eurozone economic data, Euro it's appear instead benefited from safe-haven demand as investors turn away from America's struggling economy, with the EUR being a direct competition with the US Dollar. One indicator selected that EUR is starting in 2020 as the best currency today to invest when the lower level of $!.05 USD has impressed all a up of more of near of 10% or 1,000 pips.
12. Otherpoint is traders are awaiting for tomorrow's a release of Germany's trade data. Now, if there's any marked improvement in the Eurozone's powerhouse economy's exports, then we could see the EUR/USD exchange rate continue to edge higher if we take in our hand the positive German Data. That's could be benefited the Eurzone.
And the latest point is:
1. Dollar eyres multi-week lows as risk assets rally
2. China's Yuan rallieas as economy recovery
So, in summary EUR it's more optimistic agains the USD, that is a potential sign that EUR reach the level above of $1.14 USD in short and mid-term at $1.15 USD as my predictions of about the satisfactory fundamentals so whats I read it. As USA continue to received mroe cases in US Hospital around of the nation, the covid-19 could be explode in the nation into this sumerge infections wave as politics decision making, US Dollar go back to undervalued and devaluated.