mlawson71 wrote: Thu Mar 28, 2019 1:30 am It looks like it will depreciate back to 1.1200, likely until the end of the week.

Yep good call bro.

mlawson71 wrote: Thu Mar 28, 2019 1:30 am It looks like it will depreciate back to 1.1200, likely until the end of the week.

Big joker in between is US -China trade talks. Positive commentary will bring in USD sell off (as EUR is again sitting right on big trend line ) and stock rally.

Dow has consolidated at 50 ema ,waiting to react for positive news too.

It almost reached 1.1200 this week, let's see whether there will finally be a breakout next week.

EUR/USD Technical Analysis: A visit to 2019 low at 1.1176 remains on the cards

• The pair is recovering part of the ground lost during last week and is now looking to regain the mid-1.1200s amidst broad-based USD weakness.
• EUR/USD is now facing the next significant at 1.1337, where sits the critical 200-week SMA.
• Despite the ongoing rebound, the view on spot remains negative in the longer run while below the key 6-month resistance line, today at 1.1396.

EUR/USD daily chart
Source: https://www.fxstreet.com/news/eur-usd-t ... 1904010832

It does look like it will continue depreciating. It has not broken out below 1.1200 though.

mlawson71 wrote: Wed Apr 03, 2019 1:05 am It does look like it will continue depreciating. It has not broken out below 1.1200 though.

your support looks to be holding up in yesterday's american session

and with such a high long positions in USD, it will just take one big price action bar more to throw prices and traders on "other" side of ATR range.
to make them run to cover their loosing positions.

It rebounded yet again from 1.1200. I doubt there will be a breakout this week.

EUR/USD analysis: downward pressure mounts

EUR/USD Current Price: 1.1217

• Mixed US employment data won't change Fed's curse of action.
• German weak data keeping the EUR under pressure.

The American dollar maintained a positive tone by the end of the week closing Friday mostly higher after a mixed US employment report. The EUR/USD pair closed the week marginally lower at 1.1215 after another failed to attempt to advance beyond 1.1245, the 23.6% retracement of the 1.1447/1.1383 decline. According to the official release, the US added 193,000 new jobs in March, surpassing market's expectations, while February reading was upwardly revised t0 33K from 20K. The unemployment rate remained steady at 3.8%, despite the participation rate decreased to 63.0%, anyway beating expectations. Wages' growth disappointed, up by 0.1% MoM, while average hourly earnings rose 3.2% from a year earlier, accelerating at a slightly slower pace than in February. These numbers were welcomed by equities traders, as lessening inflationary pressures indicate the Fed will maintain its on-hold stance are not enough to build the case for a rate cut.

Germany will open the European macroeconomic calendar Monday by releasing February trade data. The trade surplus is expected to shrink to €17.B, with exports seen flat and imports up by just 0.1%. The US will release February Factory Orders, foreseen down by 0.6%.

The EUR/USD pair heads into the week with a bearish tone and poised to break below the yearly low of 1.1175 unless it manages to recover past 1.1285, the 38.2% retracement of the mentioned decline, in which case, the upward corrective movement could extend up to the 1.1330/50 price zone. Nevertheless, the daily chart shows that the pair is below all of its moving averages, with the 20 SMA converging with the mentioned 38.2% retracement, and technical indicators maintaining their bearish slopes well into negative ground. For the shorter term, and according to the 4 hours chart, the risk is also skewed to the downside, as the 100 SMA stands in the 1.1280 price zone and reinforcing the static resistance level. The 20 SMA lacks directional strength a handful of pips above the current level, while technical indicators pared their declines, but remain within negative ground.

Support levels: 1.1175 1.1130 1.1085
Resistance levels: 1.1245 1.1285 1.1330

Source: https://www.fxstreet.com/analysis/eur-u ... eetreports

EUR/USD buyers quietly looking for an upside extension

EUR/USD trades to a session high of 1.1245
Buyers are surreptitiously establishing a more bullish near-term bias by holding above the key hourly moving averages and are now looking to push towards a test of the 1.1250 level. Last week's high of 1.1255 will also be a key resistance region to look at alongside decent-sized expiries today rolling off at the 1.1260 level.

There isn't much headlines to really provide traders with fresh direction on the day. Equities remain mixed and slightly more cautious while bond yields are also neither going anywhere so far in the European morning.

This has the makings of a technical retracement from the move two weeks ago but just be aware that we'll still have the ECB meeting on Wednesday and that remains the major risk event for the euro this week.

Source: https://www.forexlive.com/technical-ana ... n-20190408

It does look pretty bullish, let's see whether it will rally above 1.1300.