EUR/USD loses 1.1200 as the USD storms the board

EUR/USD is on the back foot, trading around 1.1200, at two-week lows. Traders are returning from the long Easter weekend. US New Home Sales beat with 692K while euro-zone Consumer Confidence missed with -7.9.

RECOMMENDED

EUR/USD News

GBP/USD hits two-month lows on USD strength, Brexit uncertainty

GBP/USD is trading below 1.2950 after hitting the lowest levels since February 19th. The USD is gaining ground after the Easter break. Cross-party talks continue and there are reports that some Conservative MPs are plotting to oust PM May.

GBP/USD News

Gold plummets to near 4-month lows, slides farther below $1270 level

Gold finally broke down of its three-day-old consolidative trading range and tumbled to near four-month lows, farther below $1270 level in the last hour.

Read more

Dollar Prospects Improving as the US Economy Does

The US Dollar may be set for a revival this week as recent economic statistics point to stronger economy in the first quarter than depicted in the marred reporting around the January government closure.

Read full report

Bitcoin Almost Touches $5,600, Forming Its First Bullish Golden Cross Since October 2015

Most of the top 20 cryptocurrencies by market cap are solidly in green at press time, with tezos (XTZ) having jumped more than 12% over the past 24 hours. On the other hand, binance coin (BNB) and bitcoin SV (BSV) tumbled around 2.7% and 1.2%, respectively.

More Bitcoin News

Bitcoin price analysis: Bitcoin blasts past $5,600 to new 2019 highs; momentum slows down

After defending the support congestion zone at $5,200 over the last weekend session, Bitcoin corrected higher above the 23.6% Fib retracement level taken between the last upswing high of $5,632.52 and a low of $5,288.88.

More Bitcoin News

Ripple price update: XRP/USD lags reaction to the falling wedge pattern

XRP/USD has not been able to recover to highs traded in the first week of April in spite of both the technical and fundamental levels staying positive. On the contrary, the price has been correcting lower from the April high around $0.3803 (swing high) and even explored the lows around $0.3136.

More Ripple News

Cryptocurrency market update: Bullish wave in action – Bitcoin zooms to 2019 high, Ripple and Ethereum react

The bulls have had their field day following a day of consolidation. Cryptocurrencies corrected slightly lower over the weekend but the losses were protected at the key support congestions, for example, Bitcoin at $5,200, Ethereum $170 and Ripple above $0.32. 

More Cryptocurrencies News
Valeria Bednarik

German economic slowdown weighing on the Union, ECB's stimulus more than justified

Indecisive market's behavior at the beginning of the week got sort of a definition Thursday, with the EU Markit preliminary PMI for April. The reports indicated that business activity bounced from March's collapse, but not enough. The index for the German's manufacturing sector barely recovered from a multi-year low and remained well into contraction territory.




Yohay Elam

EUR/USD enjoyed a recovery of sorts during the Easter weekend, reaching 1.1250 and staying away from 1.1200. What's next? The next moves to the upside may be limited.

The Technical Confluences Indicator shows that the pair is struggling around 1.1250 where we see the convergence of the Bollinger Band 15min-Lower, the Fibonacci 61.8% one-day, the Fibonacci 23.6% one-week, the previous 1h-low, the BB 1d-Middle, the Simple Moving Average 5-15m, and more.

The next cap is quite close. At 1.1285, EUR/USD faces the juncture of the Pivot Point one-day Resistance 2, the Fibonacci 61.8% one-week, the BB 4h-Upper, the SMA 200-1h, and the Fibonacci 38.2% one-month.

Read Full Report

NEXT LIVE SHOWS

Date Event Title Sponsor More Info
Premium Live Analysis with Navin Prithyani Navin Prithyani Event Details
Premium Price Action David Pegler Event Details
Premium US Pre-Market Open Ed Ponsi, CMT, CTA Event Details
Premium US Session Open Ed Ponsi, CMT, CTA Event Details