The EUR/USD is trading to the downside in today's session currently at 1.1041. The price is back below the 200SMA after it reached above it yesterday. It appears to be hard for the market participants to wni a direction as the price has been gravitating towards the 200SMA since mid-June.
Announcement
Collapse
No announcement yet.
Forex, Markets, Macro Economic News Discussion.
Collapse
X
-
The EUR/USD reached a high of 1.1164 in today's session after the Bank of England announced it's keeping the key interest rate unchanged. Market participants did not expect that and EUR and GBP saw a surge. Have in mind that this rally might prove to be short-lived. Current market price 1.1146.
Comment
-
EUR/USD is trading quietly today so far as we have important US data scheduled for later today. The pais is trading between 1.11 and 1.1150. Main trend on the short-term is bullish as we are above the 200SMA and into the fifth day of consecutive gains.
Comment
-
EUR/USD looks a bit uplifted in today's early hours of the European session. The pair reached a high of 1.1020 and is currently trading at 1.1011. Main trend on the short-term is bullish. Scheduled for later today is the US Consumer Confidence that may create volatility in the pair.
Comment
-
The EUR/USD is trading somewhat unchanged compared to yesterday's level. The pair is now 1.1094. In a bit more than an hour we have scheduled the EU GDP (YoY). This may create volatility and if it's positive, we might see price going above 1.1130.
Comment
-
The EUR/USD is trading higher since Wednesday last week when the FED decided not to raise the interest rate. The pair went from 1.0961 to a high of 1.1197 in less than three days. today the pair is trading at 1.1175 as the trend is looking slightly exhausted.
Comment
Comment