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Eurusdfundamentals

EURUSD- 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 at 1.0595 LEVEL. The EURUSD PRICE is currently below the DYNAMIC S / R LEVELS. Most likely the PRICE SHORT TERM can be sold a little further to 1.0349 LEVEL. - Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES RISK ON TONE is what gives us. So I'm trying to be a bit of a HIGH BEATA CURRENCIES BUY right now. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly NEUTRAL BIAS. But BONDS SPREADS are getting GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON. - EURUSD PRICE can be slightly down to 1.03499 LEVEL. Today's USD HIGH VOLATILE EVENTS may make a difference. So stay tuned.
by benny_marshall
5
EURUSD WILL GO UP ? ECB COMMENT WILL HAWKISH ?- 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 BREAK DYNAMIC S / R LEVELS and pulls up with the POSITIVE COMMENT from ECB. Most likely the PRICE will be SHORT TERM UP up to 1.1070 LEVEL. - Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES gives us a slightly MIXED RISK TONE. So I'm a bit reluctant to be a HIGH BEATA CURRENCIES BUY. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly NEUTRAL BIAS. But BONDS SPREADS are getting GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON. - The EURUSD PRICE can be UP to 1.1070 LEVEL. Today's USD HIGH VOLATILE EVENTS may make a difference. So stay tuned.
by benny_marshall
EURUSD WILL GO UP ? DXY WEAK OR NOT ? NFP + ISM⛔️ 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. Also the EUR FEATURE stays at 1.1091 LEVEL. The EURUSD PRICE is located on the DYNAMIC S / R LEVELS. Most likely the PRICE will be SHORT TERM UP up to 1.1228 LEVEL. ⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. ⛔️ The EURUS PRICE can be UP to 1.1228 LEVEL before it becomes DOWN. Then you can DOWN to 1.0849 LEVEL. According to the LABOR DATA and ISM MANUFACTURING DATA coming out today, we can expect some change in the EURUSD. ⛔️ Currently the MARKET may be the TREND LINE SUPPORT. If you BREAK that TREND LINE, EURUSD can sell faster.
by benny_marshall
EURUSD Forecast And Technical Analysis November 13-17EURUSD 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 what’s next. The upcoming week at least will bring a more interesting macroeconomic calendar, with relevant releases at both shores of the Atlantic, including German inflation, EU GDP and inflation, and US inflation and retail sales among others. Although tax-reform developments seem to dominate the headlines, USD’s performance in the week ahead will be affected by 3 factors – politics, economics and monetary policy. There’s no doubt that politics will be the primary driver but with 6 Federal Reserve presidents speaking, the prospect of rate hikes could also affect how the Dollar trades. Retail sales and consumer prices will also be released and investors will be eager to see if last month’s sharp increase in jobs translated into more spending. While we believe that rate-hike talk could lift the greenback, lower gas prices and zero wage growth in October along with the drop in consumer sentiment means spending may be restrained. So on balance, we expect a mildly positive boost from Fed speak and U.S. data. More about the fundamentals: www.fxters.com As we have mentioned before 1.16600 – 1.16900 is the short-term resistance area for EURUSD. If EURUSD can break above 1.16900, 1.17400 will be the midterm resistance. 1.17400 is the Fibo Retracement 61.80% of the last drop from 1.18800. On the Daily Chart, the price is still below EMA 50 and EMA 100. RSI and Stochastic are still in the negative zone but headed North. On the H4 chart, MACD is positive. RSI moving towards the overbought area. Price is above EMA 50 and testing EMA 100 resistance. So technically we see an uptrend on smaller chart timeframes but still downtrend on the daily chart. EURUSD needs to rise above 1.1750 in order to shake off the negative bias. If Draghi takes the opportunity to remind the market that rate hikes are a long way off, EURUSD could find itself back below 1.16 quickly. We have a week ahead full of data, speech and political uncertainties. Let the market open on Monday. We will try to get adapted ourselves to developments. Trade Plan of EURUSD will be released for premium members by the Asia Opening
by eacemi