A blend of reasonably encouraging US macroeconomic data along with second-rate European and British numbers, specifically UK inflation, weighed on the single currency.
14
Feb
2019
Category: Featured
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13
Feb
2019
Wednesday 13th February: UK inflation figures to potentially weigh on sterling further.
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The EUR/USD dipped its toe into bullish territory Tuesday, staging a modest rebound off H4 support at 1.1271 and recapturing the 1.13 handle. Shattering a six-day losing streak, the pair took advantage of broad-based USD weakness.
12
Feb
2019
Tuesday 12th February: Fed Chair Powell takes center stage today – remain cautious around this time.
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Despite limited macroeconomic presence out of both Europe and the US, demand for the greenback intensified Monday.
10
Feb
2019
Monday 11th February: Weekly technical outlook and review
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Boasting historical significance as far back as early February 2015 and capping upside action since late October 2018, long standing support/resistance at 1.1465, once again, contained upside last week
08
Feb
2019
Friday 8th February: Canadian job’s figures eyed in early US today – remain vigilant around this time
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H4 timeframe reveals price established support off 1.29, despite an aggressive whipsaw to session lows at 1.2854 mid-ways through London Thursday, post BoE announcement.