Posts with Tag ‘eur/usd’

Elliott Wave Analysis: EURUSD and USDJPY [forexcrunch.com]

We see the markets very calm but with a sideways movement on the higher time frames, but some short-term structure on several pairs suggests that we may see USD strength.

On EURUSD we see a five wave decline from 1.0828 to 1.0639 which indicates an important trend is in change, so the current bounce is likely  temporary. We are tracking a simple a-b-c bounce that can reach Fib. area at 50-61.8% from where we believe the market could turn down in the next 24 hours.

EURUSD, 1H… full story here by forexcrunch.com

Forex – Euro hits 2017 highs against weaker dollar [investing.com]

© Reuters.  Euro hits 2017 highs against weaker dollarInvesting.com – The euro hit 2017 highs against the broadly weaker U.S. dollar on Thursday after the Federal Reserve’s latest policy statement offered no hint on when it may hike interest rates again.

EUR/USD touched highs of 1.0819, the strongest level since December 8 and was last at 1.0806, up 0.36% for the day.

In its latest monetary policy statement, the Fed stuck to its view that the economy is strengthening and policymakers also see economic growth continuing.

But the Fed gave no clear signal on the timing of its next rate hike as officials wait to assess the possible economic impact of the Trump administration’s protectionist policies and recent remarks about currencies.

The euro surged on Tuesday after President Trump’s top trade adviser accused Germany of currency exploitation, saying it is using a “grossly undervalued” euro to exploit the U.S. and its trading partners.

In separate remarks, Trump criticized Japan and China, saying they devalued their currencies to… full story by investing.com

EURUSD,USDJPY and XAUUSD TA – January 31 2017 [forexcrunch.com]

EURUSD (1.0699): EURUSD remained choppy in yesterday’s trading as the price fell to a 7-day low of 1.0621 before recovering by the end of the trading day. Price action in EURUSD is struggling to break out from the 1.0700 resistance level that has formed now. The euro fell for the most part of the day as Germany’s preliminary inflation data showed 0.6% monthly decline in inflation but the annual inflation rate rose 1.9%. On the 4-hour chart, the bearish divergence continues to play out with the lower high on the Stochastics. The bias remains to the downside as long as 1.0700 resistance holds out, which puts the downside towards 1.0600.

USDJPY intra-day analysis…(full story by forexcrunch.com)