EUR/USD Weekly Technical Forecast: Breach Through Key Support Paves Way for Deeper Declines

EUR/USD TECHNICAL HIGHLIGHTS: Key Support at 1.1500 Break Euro at Risk of Deeper Declines Towards 1.1350 ReliefBid Confirmed Provided Euro Closes Above 50% Fib For the intermediate-term fundamental and technical outlook on EUR/USD, check out the recently released DailyFX Quarterly Forecast. The Euro endured a torrid time last week with the currency trading below key […]

EUR/USD Weekly Technical Outlook: Will the Euro Cooperate and Break 11500?

EUR/USD Technical Highlights: EUR/USD on the verge of testing the all-important 11500 level A break will have the euro rolling downhill, while… A hold will bring further digestion, possible descending wedge See what is driving EUR/USD on a fundamental basis and our intermediate-term techncial perspective in the DailyFX Q3 Euro Forecast. The euro attempted to […]

EUR/USD Weekly Technical Outlook – Euro Coiling Price Action is a Good Thing

EUR/USD Technical Highlights: Euro price action continues to contract Waiting for one side of triangle/wedge to give-way 11500-line extremely important Check out our intermediate-term fundamental and technical perspective on EUR/USD in the recently released DailyFX Q3 Euro Forecast. Choppy, contracting price action (wedge/triangle building) can put a trader’s patience to the test, but instead of […]

EUR/USD Weekly Technical Outlook: Higher-low, Support Test, or Nothing?

EUR/USD Technical Highlights: EUR/USD higher low on ‘hidden’ support could be in the works Or, a big retest of the low-11500s could also be in store, or Another week of range-bound, summer trading conditions Check out our intermediate-term fundamental and technical perspective on EUR/USD in the recently released DailyFX Q3 Euro Forecast. The last few […]

Dow Charge Evidence Trade Wars Don’t Matter and Where are EURUSD, GBPUSD Heading?

Talking Points: Top headlines to end the week was the implementation of the US-China reciprocal ($ 34 bln) tariffs and June NFPs Despite the rubber hitting the road on trade wars, US equity indices buoyed sentiment – raising questions for sentiment Key event risk ahead are unscheduled updates on the trade war, the Fed’s report […]

EUR/USD Weekly Technical Outlook: Strong Euro Thesis Growing Legs

EUR/USD Technical Highlights: EUR/USD continues to hold major support around 11500 Descending wedge has a bearish tilt to it, but… We we’ll run with a top-side breakout should it develop US Dollar Index (DXY) posted back-to-back bearish reversal bars To see our intermediate-term fundamental and technical perspective on EUR/USD, check out our just released DailyFX […]