Category: Info

EUR/USD awaits the NFP, tariffs, under downtrend resistance

The EUR/USD is ticking up ahead of the US Non-Farm Payrolls. Markets also await potential new US tariffs on China. The technical picture is slightly bullish for the pair. The EUR/USD is trading higher, rising within the 1.1600 handle. The US Dollar is slightly weaker on Friday. The deadline for public comments on potential new US tariffs […]

EUR/USD locked and loaded as markets await tariffs, NFP

The EUR/USD is sticking to well-known levels above 1.1600, awaiting news on new US tariffs on China, as well as the US Non-Farm Payrolls. What’s next? The big targets have not changed, but in order to determine the direction, the near-term levels play a critical role. The Technical Confluences Indicator shows that immediate resistance awaits at 1.1641 which is the convergence […]

EUR/USD: Trump’s tariffs may limit any gains

The EUR/USD holds onto high ground, buoyed by Brexit optimism. Markets await an announcement by the US on new China tariffs. The technical picture has improved for the pair. The EUR/USD is trading above 1.1600, holding onto some of the gains recorded on Wednesday. Reports about a breakthrough in Brexit talks sent the Pound shooting higher, […]

EUR/USD range is clear to see

The EUR/USD traded lower before it got somewhat carried away by the Pound and its Brexit optimism. Will it go up or down? In any case, the battle lines are clear to see. The Technical Confluences Indicator shows that the 1.1623 area is a pivotal point, a dense cluster of technical levels. These include the Fibonacci 23.6% one-day, the Fibonacci 23.6% […]