|Day's range||1.134 - 1.141|
|52-week range||1.1302 - 1.2558|
Investing.com - The dollar eased against a basket of the other major currencies on Thursday, but was supported near 14-month highs amid ongoing concerns over Turkey's currency crisis and fears of an economic slowdown in China.
The market is likely to get a bounce from here but will not be a significant one as the negative sentiment still dominates the market. If the market breaks below the 1.27 level, then it will unwind rapidly towards its next psychologically important level, the 1.25 level.
EUR/USD rebounds from 13-month lows as major global currencies including EURO got a bullish boost in Asian market hours on news of Sino-US Trade talks.
The Euro drifted a bit lower during the trading session on Wednesday, reaching down towards the vital 1.13 level as I record this video. The market of course has respected the large, round, psychologically significant number so far.
The Dollar slides early, with the Asian equity markets rebounding from heavy losses early as hopes of a U.S – China agreement on trade surface.
Investing.com - The dollar steadied against its rivals at 13-month highs Wednesday, but gains were limited by rising demand for safe-haven yen on fears turmoil in Turkey could spill over into other markets.
Based on the current price, the direction of the EUR/USD into the close is likely to be determined by trader reaction to yesterday’s close at 1.1343. The main trend is down according to the daily swing chart. However, today’s session began with the EUR/USD in the window of time for a closing price reversal bottom.
Investing.com - The dollar rose to 14-month highs against a currency basket on Wednesday, as fears over the impact of Turkey's currency crisis and global trade tensions bolstered safe haven demand.
The EUR/USD dipped way below M L5 Pivot ( Strongest Monthly Support) and currently it is below the Weekly L3 pivot. This indicates a strong downtrend with a potential for further bearish pressure. Only a close above 1.1350 might initiate a bullish correction towards POC (1.1420-30) and POC 2 (1.1470-1.1508). However further weakness is likely as the price should reject from any of POC zones. Additionally a break below 1.1316 targets 1.1279, Weekly Support level. This breakout could happen even before any retracement to POC zones.
Investing.com - The dollar was trading near 13-month highs against a currency basket on Wednesday amid fears over contagion effects from Turkey's financial crisis, while the Turkish lira rallied after Ankara hit the U.S. with fresh tariffs.
EURUSD declines for fourth consecutive trading session as CNY hits new lows while Turkish crisis weighs down EURO amid strong US Greenback
The Euro has of course continue to struggle with the situations in Turkey, as there is contagion fears of European banks, especially in France and Spain, being so heavily exposed to Turkish debt. However, we did get a little bit of a reprieve during the trading session.
Inflation numbers out of the UK will need to jump to hit pause on the Pound’s demise, while U.S retail sales could influence a resurgent Dollar.
Early Wednesday, the EUR/USD is trading flat. We’re looking at the possibility of three developments today. Firstly, we could see a steady opening, followed by a higher trade. This will indicate that buyers are coming in to defend yesterday’s low at 1.1331. Secondly, sellers could return, taking out 1.1331 in the process and continuing the downtrend. Due to the prolonged move down in terms of price and time, we could see a third development. This would involve taking out yesterday’s low at 1.1331 then closing back above yesterday’s close at 1.1343
Investing.com - The dollar rose against its rivals to an 18-month high Tuesday, supported by a slump in the euro as concerns over Turkey's vulnerable economy persisted despite a rebound in the lira.
The U.S. dollar was stronger against other currencies on Tuesday, as political tensions eased and the Turkish lira recovered. The Turkish lira rallied on Tuesday, breaking a 5-day losing streak after the country's central bank pledged to provide liquidity in response to a meltdown that has unsettled global markets. Turkish Finance Minister Berat Albayrak is expected to hold a conference call with investors from the U.S., Europe and the Middle East on Thursday, his first since assuming the post almost two months ago.
While break of 1.1510-1.1500 dragged the EURUSD to thirteen-month low, the 200-week SMA, at 1.1355 now, is likely offering an intermediate halt to the pair’s south-run towards the 1.1300-1.1280 horizontal-region. In case the quote refrains to respect the 1.1280 rest-point, the 1.1210 and the 1.1120 might entertain the sellers. Alternatively, the 1.1440-50 may restrict the pair’s immediate advances before highlighting the 1.1500-1.1510 support-turned-resistance. Given the buyers’ ability to surpass 1.1510 barrier, the 1.1565-70 and the 1. ...
Euro zone growth was better than expected in the second quarter, flash estimates showed on Tuesday, in a sign that the negative effects of global trade tensions might be seen only later in the year. Eurostat's flash growth estimate was also higher than its previous estimate of 0.3 percent growth. The agency also revised up the year-on-year growth to 2.2 percent from its previous 2.1 percent estimate.
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The pair continued to suffer in the Monday’s session initially lower at the open but reversed some of its momenta during the American session. The Euro had lost a significant part of its value in the last two trading sessions due to fears of contagion on European Banks from the economic crisis in Turkey. The negative sentiment prevailed in the market throughout the Monday’s session as the market is very concerned about the entire Turkey situation.
EUR/USD moves range bound post slight bullish rebound in late Asian hours on short term bids post German macro data as investors await Eurozone GDP update.
The Euro initially gapped lower at the open on Monday, as traders were concerned about the situation brewing in Turkey. However, by the time the Americans came back on board the market had reversed itself and it now looks as if Turkey may have blinked.
Investing.com - After weakening to 13-month lows the euro clawed back above the $1.14 level on Monday, as Turkey’s lira pulled away from record lows against the dollar, but still held heavy losses for the day.