Category: EUR/USD Daily

EURUSD flat markets ahead of easter, but gearing up for downward movement



eurusd flat markets

It seems the markets have taken pause ahead of the Easter break, there isn’t much activity across the currencies as most markets remain flat with the weekly candles showing indecision. These stale, low volatility markets can be frustrating for traders but it’s where you must demonstrate the highest levels of discipline.

EURUSD very flat at the moment, it’s like we’ve got the sails up but there is no wind to push the boat along. However the market has tried to rally higher a couple of times and the market has clearly denied these higher prices, closing as bearish pin bar. This could be a signal of what is to come when the markets pick up momentum again.

It’s not recommended to trade in quiet markets like this, but this could be an early tip for further downward movement next week.

I hope everyone has a fantastic easter and enjoys spending some time off with their loved ones.

EUR/USD April 17 – Euro Firm After Yellen Comments

EUR/USD April 17 – Euro Firm After Yellen Comments

EUR/USD has moved higher on Thursday, as the euro continues to take advantage of dovish comments by Fed chair Janet Yellen on Wednesday. The pair is trading in the mid-1.38 range in the European session. Today’s sole Eurozone release, German PPI, declined last month, as Eurozone inflation indicators remain weak. In the US, we’ll get a look at

EUR/USD Apr. 16 – Recovers despite soft inflation, ahead of US housing data

EUR/USD Apr. 16 – Recovers despite soft inflation, ahead of US housing data

EUR/USD managed to stage a gradual recovery reconquering the 1.3830 line. Less than impressing inflation figures from the euro-zone capped further significant advances. A wide range of FOMC speakers, including Yellen, as well as US housing data will set the tone later in the day. Here is a quick update on the technical situation, indicators, and

EUR/USD April 15 – Dips below 1.38 ahead of key German figure, Yellen

EUR/USD April 15 – Dips below 1.38 ahead of key German figure, Yellen

EUR/USD continues sliding, following the gap lower in the wake of the new week. The comments from Draghi tying the exchange rate to monetary policy still echo and markets are still digesting the US retail sales number. Was it good enough? There is no rest for markets, as the German ZEW figure is coming soon, as

Look out for buy signals from support on the EURUSD

Look out for buy signals from support on the EURUSD

Last week we seen the EURUSD rally explosively into higher prices and break through the previous swing high. Friday produced an inspection candle as the upward momentum stalled. We know markets don’t move in one direction like this, so we can expect a retracement to occur soon. The market has opened up this week gapping

EUR/USD April 11 – Tops 1.39 as dollar sell off continues

EUR/USD April 11 – Tops 1.39 as dollar sell off continues

No mercy for the US dollar. EUR/USD continues higher and has already topped 1.39. The pair continues in the same pattern of rising, pausing and continuing higher, without any real pullbacks. The dovish FOMC minutes continue weighing and the rise of the euro continues despite unimpressive inflation numbers from the old continent. To close the week we

EUR/USD April 10 – Gains Continue Following Dovish Fed Minutes

EUR/USD April 10 – Gains Continue Following Dovish Fed Minutes

EUR/USD continues its impressive rally, as the pair trades in the mid- 1.38 range in Wednesday’s European session. The euro has now gained about 160 pips this week against the sagging dollar. On Wednesday, Federal Reserve minutes indicated that policymakers discussed interest rate levels but did not reach any decisions regarding a rate hike. On Thursday, French and Italian manufacturing

EUR/USD April 9 – Little Movement Ahead of Fed Minutes

EUR/USD April 9 – Little Movement Ahead of Fed Minutes

EUR/USD is steady on Wednesday, as the pair trades just below the 1.38 line in the European session. The euro is looking sharp, having gained close to 100 points so far this week. In economic news, German Trade Balance surprised the markets, sliding to a six-month low. In the US, today’s highlight is the minutes from the Federal Reserve’s last policy meeting.

EUR/USD April 8 – Gains Continue As ECB Keeps Options Open

EUR/USD April 8 – Gains Continue As ECB Keeps Options Open

EUR/USD continues to point upwards on Tuesday, as the pair trades in the mid-1.37 range in the European session. The euro received some help as ECB policymakers said non-conventional easing measures are possible. It’s another quiet day on the release front. In the Eurozone, the French trade deficit narrowed last month, dropping to its lowest level in more than

EURUSD consolidating around 1.3700 level

EURUSD consolidating around 1.3700 level

Euro registered weakest level against the US dollar during the past week. The pair is hovering around a critical support at 1.3700 level, as EURUSD buyers are putting up a fight nearby the mentioned support zone. German Industrial production Moments ago, German industrial production data was published by the Statistisches Bundesamt Deutschland. The outcome was