Forex News EUR/USD

[mlawson71]

EUR/USD continues developing the correction north but once that is done I suspect there will be a big new movement to the downside.

 

[nomatsi]

thanks for the great insights. will still look further into this. great share

 

[mlawson71]

What do you think, how will the current correction develop by the end of this week?

 

[1billi]

EUR/USD challenging 1.1300 regarding dovish Draghi

The pair remains pale and drops inconsistent to 1.1320/15 band.
ECB left unchanged its key combine rates, matching consensus.
ECB will reinvest QE debt greater than the first rate lift.

EUR/USD is putting YTD lows muggy 1.1300 the figure to the test today following the press conference by President Draghi.

EUR/USD closer to 1.1300

The pair is accelerating the daily downside after ECB's Draghi tense recent data in the euro area have arrived in upon the weaker side.

In appendage, Draghi reiterated that a sustainable degree of getting used to in monetary policy is yet needed in order to save inflation upon its showing off to the banks take the goal.

Draghi along with mentioned that risks to the economic slope are now tilted to the downside.

EUR/USD levels to watch

At the moment, the pair is down 0.58% at 1.1316 facing the adjacent part at 1.1306 (2019 low Jan.3) followed by 1.1269 (monthly low Dec.14 2018) and finally 1.1215 (2018 low Nov.12). On the flip side, a fracture above 1.1396 (10-hours of daylight SMA) would strive for 1.1415 (21-daylight SMA) en route to 1.1442 (38.2% Fibo of the September-November slip).

Hey did anyone find this analysis to be spot on?

 

[kha_]

Anyone can share a forecast for the coming week, please share?

 

[mikel23]

Moved SL to BE. Fundamentals might take price down to next pivot support line. Will keep TP open

 

[mikel23]

US numbers should be horrible and may possibly have opposite affect on USD...possibly

 

[mikel23]

Price touched my Daily Support 2 @
1.07543 and bounces back.

They could send this back to DPP @ 1.08363.

 

[mikel23]

NY session + market being silent = Danger
I think I'll take what the market gave me for today

 

[mikel23]

think im done for the day...thanks to the virus… no mid day drinks for me

 

[Sofiq5878]

The EUR/USD
This morning, sentiment on Asian equity markets is modestly risk-off after the intraday setback on WS. The yuan reverses yesterday’s gain (USD/CNY 7.085). The Aussie dollar show (remarkable) resilience (AUD/USD 0.6350). EUR/USD still struggles not to fall below the 1.0770 area. USD/JPY (107.65) is holding the recent sideways trading pattern. Japanese deflationary pressures persist as the March CPI printed at 0.4% Y/Y, with probably more pressure to come.

 

[mikel23]

Wherever prices will move on Wednesday, I will take it at the saturation point

 

[mikel23]

reaching W_R1 or 1.09 completes ADR

so placing a short entry at 1.09 for return jouney

 

[mikel23]

I don't know if, this weaknes will hold, but today we should see some volume. Waiting for the break, seems that EU has some upside pressure and it may released and take the tops.

 

[mikel23]

resistance is a round number today - 1.0900, support at 1.0817 still in a range

 

[mikel23]

I think we go back down to 1.083. down we go first to 1.0864

 

[mlawson71]

It dropped back to 1.0850, so the consolidation is clearly far from over.

 

[greystoke24]

I agree, consolidation is not over yet, but its bound to stay up there

 

[broforex]

EURNZD today, as we see here the price is going up or bullish, so the best choice is to buy it, you can buy it now at 1.79234 with potential target up to 1.80407

 

[mlawson71]

The pair is moving north after days of consolidation, it may even reach 1.1000, I think.