Between inflation, rate hikes, and war: what's next for EUR/USD?
Dovish ECB and hawkish Fed paint a bearish outlook for the EUR/USD. Is declining to 1.0770 the next stop?
EUR/USD: euro in positive mood
2019-11-11 • Updated
Technical levels: support – 1.1300; resistance – 1.1480.
Trade recommendations:
- Sell — 1.1480; SL — 1.1500; TP1 — 1.1390; TP2 — 1.1350.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market in positive area, but overbought and under the main daily resistance.
Similar
What to trade on April 11-15
Last week, EURUSD broke below a significant support level, the gas price retested its October high, and the oil prices managed to correct lower on the bearish signs of more oil supplies coming into the market.
The New Era for the Euro
This article will analyze the possible scenarios for the EU, and what's more important, look at the charts. There is a lot to see, let's go!
Latest news
Last chance for bulls to exit the market. FBS explains the next two years for crypto
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
What To Trade On May 23 - 27?
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
Can a recession be avoided?
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
