How Low  Can the EUR Plunge?

How Low Can the EUR Plunge?

Nothing can stop us from finding hgh quality trades and impactful news. This market wrap proves it, here’s what you need to know:

News for the day ahead

  • BoC’s Macklem: “It’s too early to think about interest rate cuts because we’re not there yet.” USDCAD is down 350 points. 
  • Fed’s member Harked didn’t comment on the monetary policy, a rare occasion among Fed members. 
  • Canadian Ivey PMI is above expectations (53.5 vs. 49.2). Above 50.0 indicates industry expansion, a good sign for the economy. 
  • US Unemployment Claims are down to 216K from last week’s 229K. The forecast number is 232K. EURUSD fell 250 points but rose later. 
  • USDCNH is only 150 points from the seven-year high (300 points closer than yesterday). PBoC fixes the USDCNY reference rate at 7.2150 (the previous fix was 7.1986).
  • APPL (Apple) stock fell 8.5% over the last few days after the Chinese government allegedly restricted public employees' use of the company's products.

Daily trade idea:

In the H1 timeframe, the EURUSD pair is in a downtrend. Therefore, we expect a small upside and a stop hunting before opening a sell trade. 

It’s wise to seek short entries after a fake breakout of the 1.0732 resistance. Then, the pair will likely fall to 1.0670. 

However, the short scenario is invalid if the H1 candle closes above the resistance. 


Have a beautiful day! 



News for The Week
News for The Week

US stock markets started falling, while the US dollar is rising. What to expect from

Latest news

The US Dollar Is Correcting
The US Dollar Is Correcting

Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?

Bearish Signal For The USD
Bearish Signal For The USD

XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera