Why is EURUSD still rising?

fxstrategist

Established member
578 15
#2
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
1,137 186
#3
Both dollar weakness and a correction after an overreaction to ecb policy shift (not as dovish as originally expected)
 

NVP

Legendary member
36,176 1,763
#5
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
578 15
#6
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.
 
#8
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.