The EUR/USD made a failed attempt at 1.22. S&P 500 may be an area of concern. Euro economic data delights and increases positive sentiment.
Forex Forecasts
138 posts
The EUR/USD ended the week undecided. I want to bring our focus to gold as the bigger picture may be telling us a story.
A much better than expected USA Retail Sales sent the EUR/USD on a knee-jerk reaction. It is vital to understand to avoid losing capital.
The EUR/USD has broken below the middle bollinger band. This opens up 1.2 as the next bearish target. USA Retail Sales is up next.
The EUR/USD remains under bullish pressure. The US continues to report disappointing economic data while the Euro Zone sees positive.
The EUR/USD has turned bullish. As expected, a worse than expected US NFP compared to the upbeat ADP resulted in a drop in demand for the USD.