Euro Stalls at Previous Highs Trade $EURUSD here:
That being said, the market breaking down below the 1.14 level could very well end up being an opportunity to see an even deeper pullback. If that is going to be the case, I will be very interested near the 50 day EMA, currently sitting at the 1.1343 level. If we break down below there, then it is possible that we could see a complete, as the interest rates in the bond market of the United States to much higher levels.
we could see a lot of choppiness over the next couple of days, so it is going to be a situation where the day-to-day fluctuations will have to be closely monitored and yourWith this being the case, you should also pay close attention to the fact that the candlestick, although slightly bullish, is more or less somewhat neutral. In other words, it looks like we are struggling to keep up the momentum, and that is normally a sign that we could get a little bit of a pullback.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forecast: Bullish bias intact as long as 1.1400 support holdsEURUSD has started to edge lower following last week's impressive rally. A drop below 1.1400 could cause buyers to move to the sidelines. ECB policymakers point to the fourth quarter of the year for the first rate hike. Forecast FX Forex Trading
Read more »
EUR/USD: Extra gains need to clear 1.1485 – UOBFX Strategists at UOB Group noted EUR/USD could extend to 1.1520 once 1.1485 is cleared. Key Quotes 24-hour view: “Last Friday, EUR tested the 1.1485
Read more »
GBP/USD Price Analysis: Sellers need validation from 100-DMAGBP/USD Price Analysis: Sellers need validation from 100-DMA By anilpanchal7 GBPUSD Technical Analysis ChartPatterns SwingTrading SupportResistance
Read more »
AUD/USD Weekly Forecast: Lower lows in sight amid RBA’s stubborn dovishnessThe AUDUSD pair is ending the week at 0.7070 after gains partially recovering the ground shed in January. The advance seems corrective from a technical point of view, though, and without data to stimulate AUD buying, the pair may soon turn back south.
Read more »
Gold Price Forecast: XAU/USD bulls attack 200-SMA as yields retreatGold (XAU/USD) stays mildly bid around $1,810, extending Friday’s rebound amid the early Monday morning in Europe. While the US dollar’s lack of abili
Read more »
Gold Weekly Forecast: XAU/USDGold Weekly Forecast: XAUUSD indecisive as investors assess central banks' rate outlook Following the previous week’s sharp decline, Gold managed to stage a rebound during the first half of the week with the dollar struggling to find demand.
Read more »