EUR/USD Technical analysis

We expect a downward movement.

Technical Analysis
29. 3. 2018
EUR/USD Technical analysis

Since the beginning Tuesday's trading session the dollar index began to strengthen and the dollar began to rise against a basket of major currencies. Wednesday's data showed a good condition and the growth of the US economy, despite the fact that US indices have weakened, while the yield on treasury bonds fell to 2.78%.

Today in Germany data was released, which showed a reduction in unemployment. It was even better than projected and amounted to -19k. However, this will not change the overall picture.

Due to increased corporate earnings in the US there is an increase in investment interest, especially with the new tax reform.

On the chart we see that the price is trading around the level of 1.23 and is trying to lower the Bollinger band level. We can certainly count on the local roll back prices. However, the trend RSI and MACD indicators are showing us sell signals.

Because of that, at the moment we assume that for overcoming the 1.23 level the price will continue to decline and the next level, in this case, will be 1.2240. We should place our goals near this level. Otherwise, the price can turn around and consolidate at the level of 1.2350.

SuperForex
EUR/USD Technical Analysis & Daily Chart

Technical Analysis

EUR/USD Technical Analysis & Daily Chart

The pair is quite volatile today.

SuperForex
29. 3. 2018
USD/SEK: Short Review & Forecast

Technical Analysis

USD/SEK: Short Review & Forecast

The probability of a trade war is decreasing at the moment, so the USD is strenghtening and the deals to BUY seem most effective.

SuperForex
28. 3. 2018
USD/JPY Technical Overview & Daily Chart

Technical Analysis

USD/JPY Technical Overview & Daily Chart

We expect the pair to continue its bearish movement.

SuperForex
27. 3. 2018