EUR/USD remains steady during the North American session on Thursday, yet registering back-to-back bearish days as the US Dollar strengthens amid the ongoing us government shutdown and the absence of US economic data releases like Initial Jobless Claims. The pair trades at 1.1719, down 0.09%.
EUR/USD
Why a Fed Rate Hike is Unlikely to Reignite the Dollar Rally – Gold Silver Reports
Gold Silver Reports (GSR) – “The dollar has been weakening since mid-August and the rate hikes for this week and December are pretty fully priced in. Even for 2019 expectations are partly baked in,” said Eric Theoret, FX strategist at Scotiabank.
EUR/USD – Bullish on a Breakout – Neal Bhai Reports
With pressure building in the form of an ascending wedge just beneath strong resistance the euro is on the cusp of a breakout. There is a good amount of resistance in the area around 11720/50 which needs to be cleared through first before momentum has a chance at picking up.
EURUSD Requires Patience, and Lots of It – Gold Silver Reports
Monday’s session did just that. Sellers challenged 1.1530 but were unable to penetrate the level. That bounce from 1.1530 has led to today’s retest of the 1.1630 area.
Forex Upate : EUR/USD Watch 1.15650, If Hold Above Big Blast on Chart – Think MCX Gold and INR???? – Neal Bhai Reports
Forex Upate : EUR/USD Watch 1.15650, If Hold Above Big Blast on Chart – Think MCX Gold and INR???? Suppose Not Break This Level You Will …
EUR/USD Consolidation May Finally be Coming to an End – Gold Silver Reports
Gold Silver Reports (GSR) – The sideways movement has also narrowed in the last five weeks. A view of the daily time frame shows what appears to be a narrowing wedge. Resistance extends from the June 14th high while support begins with the June 21st low.
DXY at Support, EUR/USD at Resistance
DXY at bottom of coil
While the Euro tests resistance, low and behold, the DXY tests support:
✅ Higher time frame musings
✅ Higher time frame, horizontal resistance zone holding
✅ Price now looking to break out of triangle to the downside.