Euro may continue to grow

FXOpen

EUR/USD Technical Analysis

The USD exchange rate weakened against the EUR on Friday. The US economic data had a minor impact, so the EUR/USD decreased to the 1.1945 level by the end of the week. A strong support at 1.1900 can lead to the renewed growth. This can be facilitated by the scaling down of the program of conflict stimulation and escalation between the US and North Korea. Today the data on inflation in the Eurozone will be published. In case of positive indicators, the EUR could strengthen in the short term.
eurusdh1-7
After several days of uncertainty, an ascending channel began to form. The price is now moving around the lower border but is aimed at the resistance near 1.1985. The growth along the channel to the previously reached highs is possible in case of breakout of this level.

Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Latest from Forex Analysis

Australian Dollar Weakens amid Inflation News Exchange Rates Consolidate at the Beginning of the Week The US Continues to Trump the Euro Economy on Key Metrics, But What Is Next? NZD/USD Technical Analysis: Bearish Start To News-heavy Week Market Analysis: AUD/USD and NZD/USD Grind Higher Steadily

Latest articles

Commodities

Brent Crude Oil Makes Sudden Rally As OPEC Countries Mull Low Output

Crude oil is a particularly unusual substance in that it is one of the only consumable commodities that institutions and private individuals widely trade across the spectrum of global markets, and it is a staple component as an energy resource

Forex Analysis

Australian Dollar Weakens amid Inflation News

According to data published today by the Australian Bureau of Statistics, the Consumer Price Index (CPI) value was: actual 3.4%, expected = 3.6%, a month ago = 3.4%, 2 months ago = 4.3%. Data shows Australia's consumer price growth

Shares

AAPL Share Price Rises Nearly 1% after Scrapping Electric Vehicle Plans

In 2021, the release of an electric car from Apple was expected in 2025, in 2022, the deadline was shifted to 2026. As it became known yesterday from Bloomberg and WSJ, Apple decided to completely abandon the project. Causes for

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.