Forex News EUR/USD

[mlawson71]

EUR/USD is stuck between 1.0790 and 1.0870 and so far there is no signal for a breakout. Until there is one the pair will remain undecided.

 

[abextadu]

this is the best pair to trade, right??? But I usually trade in others pairs

 

[mlawson71]

It depends. Some newbies don't do very well with it because it can be pretty volatile.

 

[Jaylovin]

imo it goes to 1.0710 then flies up once more before another drop to break 1.0635

 

[moh.ghouleh]

it's a really interesting insight regarding this pair ....thank you for sharing your thought

 

[MK1111]

EUR/USD: Downside risks for euro have eased, but upside potential remains limited for now – MUFG
Analysts at MUFG Bank, point out the Eurozone economy is beginning to pick-up, but hey warn the outlook remains highly uncertain. They see the downside risks for the euro have eased, but at the same time, limited upside potential for now.

Key Quotes:
“EUR/USD attempted and failed to break above the 1.1000-level in recent days amidst the broadening USD sell off. It takes the pair back towards the middle of 1.0800 to 1.1200 trading range that has been in place for the majority of the time since last summer. Even more notable has been the EUR’s advance against both the CHF and JPY. It is the largest move higher for EUR/CHF since last November. Spot price action has triggered some excitement that the EUR is at a turning point. Demand for EUR/USD downside protection in the options market has also eased especially covering the next three months.”


“There are two main drivers providing more support for the EUR in the near-term. Firstly, there is building optimism that the euro-zone economy is through the worst of the COVID-19 crisis. (...) Secondly and more importantly has been the Franco-German proposal for an EU Recovery Fund.”

“We are not yet convinced that the EUR is set strengthen on a more sustained basis against the USD, CHF and JPY like in 2017. While we agree that downside risks for the EUR have eased, upside potential for EUR/USD should remain limited for now by the top of the 1.0800 to 1.1200 range.”

source

 

[mlawson71]

The market will reopen again soon, I, personally, expect a further depreciation toward 1.0860 - 1.0850.

 

[Pandelas]

Thanks a lot for your analysis. Its really solid!!

 

[HotForexsignal]

EUR/USD pair stays consolidative close to 1.1330, appearance to Powell, data

1. EUR/USD pair alternates gains with losses around 1.1330.
2. German Economic Sentiment improves to 63.4 in June.
3. Fed’s J.Powell, Retail Sales next to connection event-wise.

The prevailing side-lined theme within the international markets is motivating EUR/USD to increase the consolidative mood higher than the 1.1300 marks at the time of writing.

EUR/USD pair targeted on data, Powell

EUR/USD currency pair is unsteady within the low-1.1300s on turnaround Tuesday, trying to feature to Monday’s sturdy gains though losing some top side impetus within the one.1350 regions to this point.

In fact, the currency pair regained buying interest at the start of the week in response to a wave of selling pressure round the buck, notably when the Federal Reserve declared further purchases below its Secondary Market corporate Credit Facility (SMCCF).

Moving forward, the dollar is predicted to be below scrutiny later within the session in lightweight of the discharge of May’s Retail Sales, Industrial/Manufacturing Production, and also the testimony by Chief J.Powell before the Senate Banking Committee, as a part of the Semi-annual financial Policy report back to the Congress.

Earlier within the session, the German Economic Sentiment came in higher than estimates this month, rebounding to 63.4 (from 51.0). Within the broader Euroland, the Economic Sentiment conjointly improved quite forecast at 58.6 (from 46.0).


What to seem for around EUR

EUR/USD pair has opened the week on a powerful note when the Fed declared another spherical of recent fiscal stimulus, undermining the in so far positive momentum around the greenback. The constructive read within the euro, however, remains well sustained by the gradual and relentless re-opening of economies in Europe and by the continuing financial stimulus declared by the ECB, Germany, and also the European Commission. On top, the solid performance of the region’s accounting is additionally adding to the attractiveness of the shared currency.

 

[mlawson71]

I think the correction will last for the rest of the week, the next target is likely around 1.1250.

 

[Daantje Pieters]

Tips development is possible only when a trader has knowledge. No tips are best but some tips can give you handsome amount of profit on average. First, take lessons from your mistakes and trade with a regulated broker.