The current economic indicators, alongside commentary from key Federal Reserve officials, suggest a cautious approach towards the EUR/USD pair. With the U.S. showing no immediate intent to cut interest rates due to a robust labor market and unresolved inflation targets, traders should prepare for potential dollar strength and volatility in the currency markets....
The trend retest in 1.06128 at 0.236 Fibonacci Retracement level. A possible downtrend to 1.04824 at 0 Fibonacci Retracement Level.
The Federal Reserve still considering to increase the interest rates due to a still high US inflation rate.
The Fed has implemented a series of interest rate hikes in an effort to tame inflation that had been at its highest level...
#EURUSD
- As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK.
But with RETAIL SALES, ISM MANUFACTURING DATA, and...
EURUSD is still in range trading for intraday, suggest you to keep an eye on data US CPI for further movements
EURUSD Fundamentally still in bearish tone.
#EURUSD
- Currently the MARKET SENTIMENT for EUR is on the DOWN SIDE. The main reason for that is that all MARKETS including STOCKS and STOCKS are DOWN due to MARKET RISK OFF. It affects the Euro in a big way. Because today is Monday, there is a DOLLAR WEAKNESS with a somewhat RISK ON nature.
- Definitely, EURUSD can fall to the SUPPORT LEVEL below. The...
- DXY is currently at 105,286 LEVEL. Also the EUR FEATURE stays at 1.0451 LEVEL. The EURUSD PRICE is currently below the DYNAMIC S / R LEVELS. Most likely the PRICE SHORT TERM can be sold a little before BUY.
- Currently the OVERALL MARKET is RISK OFF. STOCKS is currently displaying a DOWNSIDE BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES...
- DXY is currently at 101.632 LEVEL. Also the EUR FEATURE stays at 1.07521 LEVEL. The EURUSD PRICE is currently higher than the DYNAMIC S / R LEVELS. Most likely the PRICE SHORT TERM can be sold a little before BUY.
- Currently the OVERALL MARKET is RISK OFF. STOCKS is currently showing a NEUTRAL BIAS. And the VOLATILITY is getting a bit UP. Also...
⛔️ Today is a fairly important day for the EURUSD. This is due to the release of USD CPI DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the EURO has been hit hard by the USD. This is because some of the UPDATES coming from the EURO ZONE are quite NEGATIVE. But even if USD CPI is NEGATIVE, its impact will largely be on...
- Today is a fairly important day for the EURUSD. This is due to the release of USD PCE DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the EURO has been hit hard by the USD. This is because some of the UPDATES coming from the EURO ZONE are quite NEGATIVE.
- DXY is currently at 102.947 LEVEL. Also the EUR FEATURE stays...
- Today is a very important day for EURUSD. GERMAN FLASH MANUFACTURING PMI DATA, one of the most important events for EUR, is set to be released tomorrow. And today there is a very important FED CHAIRMAN story for USD. It will definitely VOLATILE EURUSD HUGE.
- DXY is currently at 99.89 LEVEL. Also the EUR FEATURE stays at 1.0957 LEVEL. The EURUSD PRICE...
⛔️ This is a very important week for EURUSD. CPI DATA for EUR is to be issued. This is a very VOLATILE event for the Euro. Because it is a very important INDICATOR. Among them are the ISM MANUFACTURING PMI, and the US LABOR DATA. These are the most important ECONOMIC INDICATORS and these are the HIGH VOLATILIE INDICATORS.
⛔️ DXY is currently at 98.44 LEVEL....
Hey guys. Take a quick look at EUR/USD. As you can see price is in a nice support area. Given lockdown, concerns about covid-19 and today’s PMI data from Eurozone, also net-long stretched in dollar index we can buy EURO against the dollar with low risk. So, stay with our page to give you a potential entry point.
EURUSD Forecast And Technical Analysis November 13-17
Fundamentals:
EURUSD trade has been affected by the US tax reform progress past week. USD not only failed to continue rallying, but lost its bullish charm somewhere between disappointment around the tax reform and plummeting equities, and an empty macroeconomic calendar, which left investors clueless on...
