EUR/USD Price Action: Euro Sinks to Seven-Week Lows Post ECB
Friday, 24 January 2020 00:11 WIB | CURRENCIES |EUR/USD Euro

EUR/USD is trading in a weak downtrend below the main simple moving averages (SMAs). Additionally, the spot is also breaking down from an ascending channel which started in October 2019. The bull flag from December 2019 failed. EUR/USD created a head-and-shoulders formation which is weighing on the euro and so is the ECB press conference.

The market is trading in a bear channel below the main SMAs. The spot is challenging the 1.1035 support; if the sellers break below this level, EUR/USD could continue to drift down towards the 1.1000 and 1.0971 levels, according to the Technical Confluences Indicator.

Source : Fxstreet

RELATED NEWS

EUR/USD Jumps Above 1.08 as German Manufacturing PMI Beats with 47.8
Friday, 21 February 2020 15:49 WIB

Markit's German Manufacturing PMI for February beat estimates with a score of 47.8 points, far above 44.8 expected and 45.3 recorded in January. The score remains below 50 “ reflecting ongoing albeit slower contraction in the eurozone's largest economy's industrial sector. Nevertheless, the rise f...

USD/JPY struggles around 112.00 amid fresh risk-off, Japan data
Friday, 21 February 2020 08:10 WIB

USD/JPY seesaws around 112.00 amid the initial minutes of the Tokyo open on Friday. The yen pair recently surged to the highest since April 2019 following the broad US dollar rally and weakness of the Japanese fundamentals. The Japanese yen is now under pressure following the downbeat fundamentals ...

GBP/USD Holds Steady Above 1.2900 Mark Post-UK Retail Sales
Thursday, 20 February 2020 17:15 WIB

The GBP/USD pair edged higher to fresh session tops, around the 1.2920-25 region post-UK macro data, albeit lacked any strong follow-through. According to the data released this Thursday, the UK monthly retail sales recorded a growth of 0.9% in January as compared to 0.7% expected and the previous ...

Yen Near 9-Month Lows, Euro stays on the Back Foot
Thursday, 20 February 2020 15:50 WIB

The safe haven yen was trading close to nine-month lows against the dollar on Thursday as risk appetite was underpinned by expectations that China will continue with steps to offset the economic impact of the coronavirus epidemic. The dollar was trading at 111.69 against the Japanese currency by 3:...

AUD/USD drops following higher than expected Aussie Unemployment Rate
Thursday, 20 February 2020 08:08 WIB

AUD/USD declines to 0.6678 after flashing the intra-day low of 0.6668 as Australia™s employment data disappoints Aussie traders on early Thursday. Australia™s January month employment data suggest the headlines Employment Change rose well beyond 10K to 13.5 whereas the Unemployment Rate also in...

ANOTHER NEWS
Hong Kong Stocks Close Lower on Virus Worries (Review)
Saturday, 22 February 2020 04:19 WIB Hong Kong stocks closed sharply lower Friday as the rising toll from the deadly coronavirus outside China fanned fears the epidemic's impact on earnings and economic growth could be worse than anticipated. The Hang Seng Index fell 1.1 percent, or...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.