Daily Pivots: (S1) 1.0767; (P) 1.0794; (R1) 1.0810;
Intraday bias in EUR/USD remains neutral for consolidation above 1.0777 temporary low. But upside of recovery should be limited well below 1.0992 support turned resistance. On the downside, break of 1.0777 will resume recent down trend.
In the big
Bearish marubozu inside the long wick bearish candle- I call it as bearish anchor- is an indication that bear still dominate eurusd. The bull need to broken this anchor by penetrate 1.08254 in order t...
EUR/USD remains firmly in bear grip with the 50-hour average capping upside in Asia.
A big beat on the forward-looking German Gfk Consumer Confidence is needed to stall the sell-off.
EUR/USD is feeling the pull of gravity while heading into the London open.
The currency pair is currently trading
DAILY MARKET OUTLOOK on Major Update Time: 20 Feb 2020 03:30GMT EUR/USD - 1.0810 Despite the single currency's selloff to 1.0786 on Tuesday, then lower to a fresh near 3-year trough at 1.0783 yesterday on usd's broad-based strength, subsequent rebound suggests medium-term decline has possibly made
Euro has suffered its weakest daily close in 34 months.
Tuesday's bearish marubozu candle suggests scope for further sell-off.
EUR/USD closed out Tuesday below 1.07 to print the weakest daily close since April 2017.
More importantly, the single currency formed a bearish marubozu candle, implying
The dollar and most other currencies have been stable in quiet early-week trading so far. This came with the main Chinese equity indices posting 2%-plus gains after China's Finance Minister said on Sunday that Beijing would roll out targeted and phased tax and fee cuts and with the PBoC lowering one
Asian markets are mixed as another week starts. Nikkei weakens, together with Yen, as data showed the Japan economy suffered worst contraction in six years. Singapore Strait Times is also mildly lower after the government downgrade this year’s growth forecast. Yet, China and Hong Kong stocks are tra