|Day's range||1.113 - 1.114|
|52-week range||1.0882 - 1.1571|
The Euro dipped initially during trading on Wednesday but has failed to hang onto the losses. At this point, it’s likely that the market will continue to be very noisy.
Based on the early price action and the current price at 1.1116, the direction of the EUR/USD the rest of the session on Wednesday is likely to be determined by trader reaction to the long-term downtrending Gann angle at 1.1109.
EUR/USD pared gains for a second consecutive session on Tuesday after headlines indicated a Brexit deal is not likely to materialize before the October 31 deadline.
Investing.com - The British pound was holding steady on Wednesday, recovering some poise in the wake of a fall overnight after parliament forced a delay in the U.K. government's Brexit plans.
It’s risk-off early as Brexit limbo weighs through the early part of the session. With stats on the lighter side, it’s geopolitics throughout the day…
The Euro has struggled a bit during the training session on Tuesday, as we have been far too strong for some time. That being the case, the market looks likely to see a bit of a rollover at this point as we are getting stretched.
Investing.com - Sterling tumbled on Tuesday after Prime Minister Boris Johnson confirmed that he would call for a general election if Parliament does not pass his Brexit bill.
The main trend is up according to the daily swing chart, however, momentum shifted to the downside with the formation of the closing price reversal top at 1.1179 on Monday and its confirmation earlier today. The chart pattern could lead to the start of a 2 to 3 day correction.
EUR/USD settled slightly lower on Monday to end a four consecutive day rally. The pair is seeing some mild selling pressure and is nearing an important support confluence.
The markets remained surprisingly calm last week, despite worse than expected U.S. economic data releases. The third-quarter earnings season along with Brexit play may have overweighed the data pessimism.
The Canada general election, economic data, and Brexit are all in focus, with early support coming from positive updates from Trump on trade…
The Euro did very little during the day on Monday, as we continue to grind back and forth. The market is currently a bit overstretched, so I would not be surprised at all to see a bit of a pullback coming.
Based on the early price action and the current price at 1.1159, the direction of the EUR/USD the rest of the session on Monday is likely to be determined by trader reaction to the uptrending Gann angle at the same price. Additionally, a close under 1.1170 will form a closing price reversal top.
Investing.com - Sterling was under pressure on Monday after Speaker of the House of Commons John Bercow said there would be no vote on the latest Brexit deal as Prime Minister Boris Johnson had hoped.
EUR/USD pushed higher in early trading, in an attempt to post a fifth consecutive day of gains. The next area of upside interest falls near 1.12.
It’s too early to tell if the reaction we are seeing early Monday will hold true throughout the week, or if this is just the calm before the storm. It’s no surprise that the British Pound and Euro are trading lower since they will be the currencies most affected by the Brexit news. The mild price action suggests light position-squaring is taking place. The moves in the Yen, Franc, gold and Treasurys suggests investors aren’t too concerned about the weekend events at this time.
Investing.com - The British pound fell against the U.S. dollar on Monday in Asia after U.K. Prime Minister Boris Johnson failed to win parliamentary backing for his divorce deal.
It’s another big week for the global financial markets, Corporate earnings, Brexit, trade and economic data in Focus. It’s also Draghi’s last media show…
The Euro has had a strong week as we head towards the significant 1.12 level. The 50 week moving average is just above there, and therefore it’s possible that we could see a selling opportunity. That being said though, it looks as if traders will need to be taken on the daily chart.
The Euro rallied a bit during the trading session on Friday, grinding towards significant resistance just above. This has been a nice move, but not exactly unprecedented as we have seen this happen several times over the last 18 months.
The early price action suggests the upside bias should strengthen on a sustained move over 1.1139. A downside bias will develop on a sustained move under 1.1115.
Investing.com - The U.S. dollar was lower against other currencies on Friday, while the euro was buoyed by hope that a Brexit deal will help mitigate risks of a recession in the bloc.
EUR/USD extended higher on Thursday to post a third consecutive day of gains. The pair is underpinned by hopes that the UK will leave the EU in an orderly fashion and expectations for a Fed rate cut later this month.