Why is EURUSD still rising?

fxstrategist

Established member
579 15
The EURUSD keeps rising, mostly because of weakness in the Dollar. The greenback loses ground versus its main counterparts as the Fed stays on hold on interest rates. The 55 day EMA around the 1.1341 level could act as resistance on the EURUSD.
 

FXX

Experienced member
1,138 190
Both dollar weakness and a correction after an overreaction to ecb policy shift (not as dovish as originally expected)
 

fxstrategist

Established member
579 15
The EURUSD is now stuck between the 1.1300 level as support and the 55 day EMA at the 1.1341 level as resistance.
 

NVP

Legendary member
36,359 1,803
depends on the timeframe you are looking at ......

they are both running bear for 2019 to date and frankly boringly tight together.....see below the green and blue currencies

people chasing the red GBP and brown CAD bull currencies this year are so far getting the best rewards ..........EU is sloooooow

N
 

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fxstrategist

Established member
579 15
As the bullish momentum accelerated on the EURUSD, the 200 day zone acted as resistance and the pair pulls back to the 55 day EMA around the 1.1347 level. The bullish trend is still in place, but the price may get stuck between the 1.1347 level and the 1.1400 level.
 

yuanman xin

Newbie
7 0
Because the dollar index has a very large bullish band, it could hit a record high beyond imagination, even reaching 108. So the euro's long-term trend is likely to continue to fall. And make huge profits.
 

yuanman xin

Newbie
7 0
I'm taking a short euro position, too.