EURUSD has started to edge lower following last week's impressive rally. A drop below 1.1400 could cause buyers to move to the sidelines. ECB policymakers point to the fourth quarter of the year for the first rate hike. Forecast FX Forex Trading
On the downside, 1.1400 aligns as first support. In case this level turns into resistance, additional losses toward 1.1350 and 1.1320 could be witnessed. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD: Extra gains need to clear 1.1485 – UOBFX Strategists at UOB Group noted EUR/USD could extend to 1.1520 once 1.1485 is cleared. Key Quotes 24-hour view: “Last Friday, EUR tested the 1.1485
Read more »
Gold Weekly Forecast: XAU/USDGold Weekly Forecast: XAUUSD indecisive as investors assess central banks' rate outlook Following the previous week’s sharp decline, Gold managed to stage a rebound during the first half of the week with the dollar struggling to find demand.
Read more »
USD/JPY Weekly Forecast: A week of surprises and the US economy counterpunchesUSDJPY Weekly Forecast: A week of surprises and the US economy counterpunches The BOE and the ECB forged ahead in the rate competition this week, dragging currencies with them against the dollar.
Read more »
AUD/USD Weekly Forecast: Lower lows in sight amid RBA’s stubborn dovishnessThe AUDUSD pair is ending the week at 0.7070 after gains partially recovering the ground shed in January. The advance seems corrective from a technical point of view, though, and without data to stimulate AUD buying, the pair may soon turn back south.
Read more »
Gold Price Forecast: XAU/USD bulls attack 200-SMA as yields retreatGold (XAU/USD) stays mildly bid around $1,810, extending Friday’s rebound amid the early Monday morning in Europe. While the US dollar’s lack of abili
Read more »
Junk DNA Deforms Salamander BodiesThe surprising persistence of salamanders is forcing us to rethink evolution.
Read more »