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EUR/USD Technical Analysis & Daily Chart
We can sell the pair today.
Today we would take a look at the EUR/USD currency pair. After recovering some of its lost ground by November 19, last week the euro softened again and is still losing positions to the dollar.
The European central currency continues to be under the influence of the developments within the eurozone.
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Attachment 33525
The pair is heading lower.
Since yesterday's trading session, the dollar index has exceeded the 97.00 mark and the USD is strengthening against the basket of major currencies.
The Investing EUR/USD pair index provided today was 41.1%, which indicates a bearish trend.
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The recent rate increase seems like a price correction after which the rates will back down to the level of 0.6500 USD.
The rates continue within the downtrend. The trade conflict between the US and China negatively affects the NZD rate and the perspectives for the New Zealand economy in case of developments in the conflict.
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Attachment 33555
The uptrend persists.
Before yesterday’s speech by Fed Chairman Jerome Powell, the dollar index weakened, dropping below 97.00, and is still there. Therefore, on our chart we observe that the price has begun a correction and has moved away from semi-annual highs.
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Global leaders are meeting in Buenos Aires today to resolve some of the key issues in the world today.
Today one of the most anticipated events of the year is taking place: the G20 are meeting for an annual summit in Buenos Aires, Argentina. While in the past the G20 summits may have gone unnoticed, this time around the gathering is highly anticipating, as it will likely bring us news on all of the global developments - the trade war between China and the United States, Brexit, the Saudi Arabia murder scandal, and more.
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Today is a good time to sell the pair.
Today we would take a look at the EUR/USD currency pair. The pair remains volatile and near some of its lowest levels for 2018.
The circumstances of the euro remain relatively unchanged. Last week’s CPI reports which are among the most important indicators of economic growth, both failed to meet the forecasts, indicating that the European economy is not performing as well as expected. Moreover, the budget issues between the EU and Italy still persist.
More information see here
Attachment 33623
The pair has fallen sharply.
After the news of the agreement between the head of the White House and the President of China to suspend the trade war, investors returned to demand for risky assets. The American dollar has become less popular, having lost some of its positions.
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Both currencies are weak and have a lack of incentitives for growth. In this situation the most optimal course are the deals on the trend.
At the end of October an intense downtrend in favor of the AUD was formed, but this wasn't thanks to an outstanding performance in the Australian economy.
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Attachment 33649
We are seeing a correction in the pair.
At the moment our pair continues to decline amid bad news from Brexit and the British pound is weakening relative to the reserve currency.
Despite recent statements by Donald Trump, who weakened the US dollar on Monday, the dollar index is now recovering the previously lost positions and has returned above the 97.00 mark.
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Decreasing oil prices was the only factor that negatively impacted the CAD but now the deals in favor of the CAD seem the most effective.
The uptrend formed in October continues, but is losing its intensity. The trend was formed under the influence of a number of factors, the main of which was the sharp decline in oil prices, which is why the Canadian dollar was under pressure because the Canadian economy depends on oil exports and oil value.
More information see here
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