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WEEKLY OUTLOOK EUR-USD 21-April-2018 to 27-April-2018

In Forex market, Euro is traded against USD. This pair is majorly traded. This pair is major drives from ECB and FED. There statements cause volatility in EURUSD pair.

Technical View:

  • Moved below 14-day Moving Average
  • Expected to go till 1.2078
  • RSI moving down
  • Downtrend Expected
  • The range will between 1.2000 -1.2400 in Long-term
Resistance Support Pivot Level
1.2338 1.2168
1.2389 1.2105 1.2320
1.2420 1.2028

Fundamental Overview:

  • Fed speaker will speak whose words hawking view about the rate will give support to USD which will be bearish for EURUSD
  • Positive Earnings in Us market overshadowed Euro and made USD strong
  • Worse German PPI figures led to the downfall of Euro
  • Draghi comments on Inflation on Friday made it recover from Low of 1.2250

Recommendation:

Our Short-term view for next week remains bearish up to 1.2150 it can face major support on 1.2168 One can sell with the stop loss of 1.2338

The post Weekly Outlook EUR-USD 21-April-2018 to 27-April-2018 appeared first on We are malaysia financial advisory ,investment advisor malaysia , malaysia share market and financial advisor malaysia.



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WEEKLY OUTLOOK EUR-USD 21-April-2018 to 27-April-2018

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