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EUR USD

The EUR/USD pair finally broke out of its consolidation range and jumped to a four-day high level, closer to the 1.1800 handle during early NA session.
The pair quickly surged around 30-pips and the up-move was primarily led by some renewed greenback selling interest, with the key US Dollar Indexnow flirting with lows near the 93.15 level.
Moreover, possibilities of some stops being triggered on a sustained move above 1.1765-70 supply zone might have also collaborated to the pair's sharp spike o…
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EURusd

he EUR/USD pair closed the week in the red at 1.1759, after rallying for five consecutive ones, but off the low set on Thursday at 1.1661, following the release of ECB's account of the monetary meeting that took place last July. The document indicated that the ECB is concerned that EUR's strength could delay the timing on reaching their inflation rate of below, but close to 2%. The news came after an early week headline coming from Reuters, indicating that Mario Draghi won't discuss monetary pol…
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EUR USD

UR/USD has edged higher in the Friday session, after losing ground on Thursday. Currently the pair is trading at 1.1742, up 0.20% on the day. On the release front, it’s a quiet end to the week. German PPI improved to 0.2%, beating the estimate of 0.0%. Euro zone current account disappointed, as the surplus narrowed to EUR 21.2 billion, well off the estimate of EUR 27.3 billion. This marked the smallest current account surplus since July 2016. In the US, there was one key event, as UoM Consumer S…
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EUR USD

EUR/USD Current price: 1.1742The EUR/USD pair peaked at 1.1789 in Asia, following the positive momentum triggered by a dovish FOMC and Trump advisors´ jitters, but was unable to hold on to gains, after London's opening, and despite some generally encouraging news coming from the EU. According to final revisions, the region's inflation remained at 1.3% for the year, falling MoM 0.5% as expected. Also, the euro area recorded a €26.6B surplus in trade in goods with the rest of the world in June 201…
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EUR USD

he bulls are seen gathering pace for further upside, allowing the EUR/USD pair to consolidate yesterday's sharp recovery gains, in the wake of a non-favorable FOMC minutes induced massive USD sell-off. The US 10-year Treasury yields posted the biggest daily drop since July-end, dragging the greenback broadly lower.
The FOMC members expressed their concerns weak inflation, staying on the defensive with regard to the Fed rate hike prospects this year. However, the Fed indicated its readiness to be…
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EUR USD

Through the course of last week, the EURUSD pair has been showing strength despite the recovery in the dollar. We had also mentioned the same in our forecast as every correction in the pair was met by strong buying and this helped the pair to bounce back. Twice during the week, we saw the pair push through below 1.17 but both times, we saw the pair bounce back above 1.17 and make a strong push to the upside.
EURUSD Moves Higher on Weak US CPIThis indicated that the pair was still under the contr…
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EUR USD

from a technical point of view, the weekly chart shows that the pair keeps struggling around its 200 SMA, far above the shorter ones, and with technical indicators partially correcting extreme overbought readings, far from signaling an upcoming reversal. In the daily chart, the price held above a bullish 20 SMA, despite a couple of attempts to break lower, while the Momentum indicator heads south within positive territory, but the RSI is already regaining the upside, currently at 63, somehow ind…
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EUR USD risking a new leg lower

The EUR/USD pair trades lower in range, retreating from a high of 1.1769 reached late Wednesday, as high yielding assets came back under pressure with the Asian opening, with equities in the region and Europe in the red. The decline is moderate as the pair is currently around 1.1725, yet with the pair below Friday's post-NFP low, and having extended its weekly decline down to 1.1688, the downward risk remains strong, at least short term. There were no major macroeconomic releases in Europe, but …
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EUR/USD extend the weekly correction

Spot stays in depressed levels so far this week, trading in the low-1.1700s on the back of the broader recovery around the greenback.
In fact, gauged by the US Dollar Index, the buck gathered extra traction on Tuesday in the wake of solid readings from the JOLTs Jobs Openings, printing a record high in June. DXY climbed to multi-day tops near 93.80 in the wake of the results, although losing some momentum afterwards.
The price action around EUR remains driven by USD-dynamics so far, always again…
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EUR USD update

The EUR/USD rose to a high of 1.1814 yesterday and extended gains to 1.1824 in the Asian session today. The spot has retraced 50% of the Friday’s high-low, but remains below 1.1828, which is the 1-hour 100-MA and more importantly, it is the 61.8% Fib R of high-low.
A 400-pips bull trap
The spot was last seen trading around 1.1813 levels. A break above 1.1828 [1-hour 100-MA + 61.8% Fib R of Friday’s high-low] would expose 1.1869 [monthly 50-MA] and 1.19 [zero levels]. On the lower side, a breakdown of support at 1.1790 [10-DMA] would open up dow[/zero][/monthly][/10][/1]…
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