The EUR/CAD trend is still very bearish and the pair continues falling. Next target is likely 1.4470.
Announcement
Collapse
No announcement yet.
Forex, Markets, Macro Economic News Discussion.
Collapse
X
-
EUR/USD is trading relatively unchanged from yesterday's level around 1.12. Price is now 1.1180 and it seems traders and investors are keeping low volume in anticipation of the latest US GDP data in less than four hours and then two hours later we have a speech from the FED Chair Janet Yellen.
Comment
-
The EUR/USD fell below 1.11 in the early trading hours today and was quick to recover currently trading at 1.1137 close to the high of the day at 1.1143. After Yellen's stamenets that the FED is going to raise the interest rates gradually, market participants favored the US dollar causing a sell off in the pair.
Comment
-
The EUR/USD marks a somewhat positive day today up about 30 pips to currently trade at 1.1160. Market sentiment remains to be bearish with the latest commentary from FED Chair Janet Yellen to raise rates gradually. First resistance is seen at 1.12, first support is seen at 1.11.
Comment
-
EUR/GBP reached the target at 0.7740 and climbed above it, eventually stopping at the resistance at 0.7780. Currently there are several spinning tops below that resistance, which indicate there will be a move to the downside. Let's not forget, however, that today is the ECB press conference, and tomorrow are the US Non-farm Payrolls, so any trading should be done carefully and cautiously.
Comment
Comment