EUR/USD takes off on Trump's presser, breaks 1.0500 Ross J Burland

18:46 11 January /2017 Forex

Currently, EUR/USD is trading at 1.0499, down -0.59% on the day, having posted a daily high at 1.0568 and low at 1.0454.The greenback is starting to come off and losing ground across the board as Trump introduces the headway that he is making leading into his inauguration just 9 days away.Trump at a press conference started to announce a few number of business deals taking place in the United States, explaining there is a great spirit, and Trump will be the biggest jobs creator that god ever created.Trump opened talking about how the auto industry will be expanding with Fiat, Ford and Chrysler who will be building new plants in the US while Ford are cancelling their contract to build a billion dollar plant in Mexico and instead build business onshore. Trump is now taking questions in respect to Russian ties/ potential hacks and fake news.EUR/USD levelsWith spot trading at 1.0497, we can see next resistance ahead at 1.0499 (Weekly Classic PP), 1.0503 (Daily Classic S2), 1.0519 (Hourly 200 SMA), 1.0521 (Daily 20 SMA) and 1.0532 (Hourly 20 EMA). Support below can be found at 1.0486 (Weekly Low), 1.0456 (Daily Classic S3), 1.0454 (Daily Low), 1.0403 (YTD Low) and 1.0390 (Monthly Low). 

to other news

all news
Gold hangs near YTD lows, remains vulnerable Haresh Menghani

   •  Persistent USD buying interest keeps exerting downward pressure.
   •  Improving risk appetite/pickup in the US bond yields add to the selling bias.
Gold struggled to register any meaningful recovery and remai

12:00 20 June /2018 Forex

EUR/USD further weakness unlikely to be sustained – UOB Pablo Piovano

FX Strategists at UOB Group remain neutral on the pair and do not rule out a test of 1.1505 in the next weeks.Key Quotes24-hour view: “EUR dropped sharply to touch a low of 1.1528 yesterday but rebounded quick

12:00 20 June /2018 Forex

EUR/USD poised to reach 1.20 in medium term – Danske Bank Pablo Piovano

Chief Analyst at Danske Bank Christin Tuxen noted the pair is viewed around 1.2000 in a 6-month horizon.Key Quotes“Short term we think the USD positives (carry appeal of USD, an ECB on hold for an extended perio

12:00 20 June /2018 Forex