EUR/USD Technical Analysis: September 5, 2018

The single European currency had broken down during Tuesday’s trading course and will further move downwards near the 1.1550 zone. However, there are speculations about the possible skepticism that might influence this market, so traders should be careful when they opt to put a lot of money to work. A break down under the 1.15 region would likely impose aggressiveness and on the other side, we can experience volatility.

Market participants should focus on the greenbacks in general, as well as issues from all over the globe. As long as there are issues that fear out the public, the favor will still be on the American currency. The US dollar will continue to edge higher and the value of the euro will be drag lower, and such events that are driven by news should be focused for now.

GBP/USD Technical Analysis: September 7, 2018

The sterling pound slightly rallied amid the day on Thursday, however, it reverted as the Americans came into play. It seems that the markets know how to take a lot of risks since the jobs figure would likely break this market. Aside from that, the issue of softening stance between the Germans and the British regarding the talks has been turned down by the Germans. The market closed at the same level of the gap and it appears to provide resistance earlier this week. Eventually, there is possible for a downwards movement in the near term but we can see a significant support around the 1.29 region. Moreover, there are also forecasts that states the potential significant amount of uncertainty in the market. With this, the market may edged lower just like what happened in the previous week.

EUR/USD Technical Analysis: September 11, 2018

Yesterday, the euro rallied, reaching the level of 1.16 in the US session. Hereinafter, we can find a drive for this pair to rise higher. There is a chance for the pair to move towards the level of 1.1650 and then to 1.17. We should also take into consideration that there are other contributing factors and the greenback could climb higher which will turn around this pair.

Although, the level of 1.15 seems a very strong support and it is likely for this level to be sustained for a while. Hence, it is suggested to buy the pair on dips and we can expect for “risk on” trading for this pair in short-term. It is also a positive thing for commodities since the greenback has a large influence on it. The market is attempting to take a hold on this pair that could result in a lot of choppiness especially since there is a lot of traders returning from the holidays. Yet, there is a chance for the buyers to come in strong.

EUR/USD Technical Analysis: September 13, 2018

A lot of noise exhibited in yesterday’s session of the EUR/USD pair and bounced around the level of 1.16. Hereinafter, trading activity will mainly depend on the US dollar. Traders should look out for the new to be released from the European Union as this would have an impact to the reaction with Brexit which is the main concern on the euro. Besides that, there will also be noise in the emerging market that could either push the US dollar rate higher or lower depending on the trading for today. Hence, there is a lot of factors we should weigh-in trading this pair.

Analyzing the long-term charts, the price will probably range between 1.15 and 1.18. Overall, noise is expected but eventually, the direction will somehow be decided later on. For now, it is suggested to buy in short-term pullbacks as the trend is close to the bottom of the bigger consolidation than above. A lot of changes may happen, nonetheless, noise is likely to persist. Hence, traders should aim for long-term trades rather than short-term since there is not enough momentum to break through in the general range yet.

EUR/USD Technical Analysis: September 18, 2018

The euro rallied during the Monday session and almost reaching the level of 1.17 where there is also a lot of selling last week. Overall, the market is likely to have a lot of noise there is a tendency for the price to go up. However, we should take note that consolidation will probably resume in long-term with the target to be at 1.18. Below it, there is support found at 1.15 but it is yet to be known if this can be broken soon. Ultimately, there may be a lot of noise and we can yet to determine if we can gather enough momentum to get this going in long-term.

There is a lot of factors to weigh in right now, especially since the ECB is in a dovish sentiment. At the same time, we have to consider debt of the emerging market with the European banks. Hence, there is a lot of various things the makes it difficult for the market to find their way in one direction or more. It is likely for short-term trading to keep on trading this pair alive, hence, trader should take consideration in trading large psychologically important figures.

If the pair can break higher than 1.18, the market will probably reach the level of 1.20 or more, where there is a lot of resistance expected. I would look forward to the upside movement in long-term, but not yet as of this writing.

EUR/USD Fundamental Analysis: September 20, 2018

The euro major pair is directed northward within the range previously, but it is being hindered around the level of 1.17. Currently, the price is at 1.1679 with an increase of 0.05% on the day and it is necessary to surpass the level of 1.1700 to keep the present price action with bulls dominating the trend.

Trading during the Asian market shows a neutral stance with both sides trying to take lead. If the market fails to reach the are of 1.17, it will lead to an increase of Treasury yields and bigger spread for amid the widening two-year yields of US-DE (German). The 10-year treasury yield is now traded at 3.06% after achieving a  two-month high of 3.10% on Wednesday. On the other hand, the two-year US-DE (German) yield spread has gained 333 basis points, which has been the highest rate since 1989. Investors are currently returning to undervalued assets that were assertively sold, as well as Aussie and kiwi dollars since there is a risk appetite and no apparent economic slowdown despite ongoing trade war that could be favorable for the common currency.

On a technical perspective, the support for this pair is found at 1.1650 and rebound which holds in a consolidation range and moves sideways for short-term. A breakout at 1.1650 could shift the short-term trend southward and expecting to meet the support levels below at 1.1625-1.1600. If the market is able to hold the level higher than 1.1650, the price level of 1.1720 could be tested again. Moving further, breaking the next medium-term resistance of 1.1745/50, it could open more profits in the future.

EUR/USD Fundamental Analysis: September 26, 2018

The euro attempted for a rally higher than the level of 1.18 for some time but doesn’t succeed, which can be because of the upcoming FOMC statement. Traders are uncertain whether to place money on this situation. It is likely for the dollar to become the focal point in the next few days. Other than that, there is also the issue of Italy with the European Union. Hence, there is a chance for a breakout at the level of 1.18 and further towards 1.20, which is the initial target as it is an important level, as well as, in the past.

In case of a pullback, there may be a chance for the bullish traders to enter at a cheaper price as the level of 1.1725 is a little supportive. Nevertheless, the pair will probably break higher but needs some kind of a momentum if the decision of the FOMC becomes less hawkish than the forecast. Although this is just a probability, this event will largely affect the US dollar. Traders are trying to overlook the global trade fears, traders will still be able to bid on this pair.

EUR/USD Fundamental Analysis: September 28, 2018

The euro against the US dollar resumes its bearish trend during the North American session, losing almost 100 pips as the day closed as low as 1.1633 despite minimal activity in the night of market hours. After the macroeconomic report from the US, the US demand surged, which is gaining momentum against the rival currencies since Wednesday of FOMC announcement and largely influenced USD denominated currency pairs. The real-GDP growth in the U.S. for the second quarter remains the same at 4.2% and durable goods orders rose by 4.5% in August after the decline of 1.2% in July. The price resumed going down lower than 1.165 in the first few hours of Asian trading. Which then sustain the price range-bound.

Although, the recent announcement did not do much from the recovery of losses. Consequently, this could boost the spread between the 10-year Italian government bond yield and its German equivalent, which will further strengthen the bearish trend. Moreover, if the yield spread rises as expected, the market will less likely focus on the preliminary Eurozone CPI to be published at 9.00 GMT. Another to expect, the US markets can anticipate the data on the core of PCE price index, which is the main measurement of inflation. Yet, recently, the support at 1.1640 is critically tested. A strong breakdown at the said level, the pair could extend its losses to  1.1570-1.1500 while a short-term resistance can be found at 1.1665, 1.1755 and 1.1815 price levels.

EUR/USD Technical Analysis: October 2, 2018

The euro declined in the past few days while maintaining the trading range during the Monday session. A lot of support is offered below and the level of 1.15 offers some but right now, there is not much of a momentum.

After a breakdown for the past days, it is logical and it needs some break as it moves around the level of 1.16. The market will try to gain some momentum but it will not be surprising for the price to go lower before finding a lot of buying pressure, especially close to the level of 1.15 which was massively supportive in the past few months. The price shifting between 1.15 and 1.18, despite of a breakdown, there is no significant change over it.

A massive support level is apparent just below the level of 1.15 on the weekly long-term charts and needed a strong breakdown to pass through, which will likely limit the current downtrend. As of now, I am aiming to buy the pair but at a much lower area if the trend allows. On the contrary, in case it breaks higher than 1.1650, the price could return to the level of 1.18.

EUR/USD Technical Analysis: October 4, 2018

The euro rallied at the beginning of Wednesday session after the news announcement of Italy having less than 2% budget deficit by 2021. It has eased the tension between Italy in the European Union for quite a bit and being optimism in the market. Yet, if volatility continues in the pair, we should focus on various movements at the same time. The Federal Reserve is aiming to raise the interest rate for different time in more than a year or so which will have an impact to this pair. Nonetheless, the level of 1.15 offers to be significant and it will not be surprising for this price to be important after some time.

There is a lot of consolidation in the past few months and the trend is expected to move back and forth making the euro at a lower price. However, it does not show that the price would not decline but this implies a lot of value hunting in the pair. Traders should look into the formation of the lower price unless the price moves above the low from the previous trading session, it shows the price to form a new trend on the upside and probably move towards 1.18 as it has in the past.

EUR/USD Fundamental Analysis: October 8, 2018

The euro major pair persisted holding the level of 1.15 on Friday, which is likely to similarly happen today. The pair bounced up from the low range on Thursday and the support level was further held up by the bulls giving optimistic outlook in the future. Few updates added to bullishness of the currency while some markets, especially stable funds, have thought of the euro downtrend to be limited.

The bulls are able to prop up the support level and probably aim for further purchases to raise the price. It may not be easy for the dollar which is gaining more support because of the Fed, especially with its recent rate hike. Other than that, the dollar currency is also considered to be the good investment in times of crisis which has been for a long time. However, the price just did for a few times.

Furthermore, the price was further supported by the recent talk from the Fed chief Powell who evidently said that there could still be other rate hikes and further boost the dollar. Given this situation, the euro bulls carried took control and held the support area around 1.15 but it may not be easy to further bring the price up. There is not much economic news recently and the euro is likely to consolidate and range almost the rest of the day.

EUR/USD Fundamental Analysis: October 10, 2018

The euro against the US dollar exhibited a sharp drop during the Tuesday session because of Italian policy news, as well as, deputy PM Salvin rhetorics in plans of maintaining the budget and EU rules are anticipated to change. A strong dollar added more concern, resulting to surge in US Treasury yields. However, the euro begins to take the lead later on as the dollar weakened in the market due to the drop in US bond yield after reaching record highs. Moreover, risk sentiment has just returned in the market giving a positive impact following a hawkish tone in the Wall Street in the global market.

In a technical aspect, a long-tailed Doji candle was observed, implying a sell-off from the September high of 1.1815. A bullish reversal would be confirmed if the spot closes this day higher than the Doji candle of 1.1503. Based on the chart, the descending line has been cleared and trades above the 50- and 100-EMA with the RSI at 55, siding with the bulls. The 4-hour chart shows a bullish RSI divergence. It seems that this will result positively on long-legged Doji candle yesterday, confirming a bullish reversal. Yet, there would be lesser tendency to turn bullish from bearish if the Italian bond yields surge in the European session.