1. FBS broker
  2. Análisis de Forex y de los Mercados de Acciones
  3. Análisis técnico del petróleo y el gas
  4. EUR/USD stabilized below 1.1950
EUR/USD stabilized below 1.1950

EUR/USD stabilized below 1.1950

2020-08-19 • Actualizada

The most traded pair takes a breath after reaching levels unseen since May of 2018. It has been rallying for 7 days in a row and eventually broke through the significant resistance at 1.1900. It was a strong sign for most traders. However, profit-takers entered the market and pushed the pair slightly down. Nevertheless, bulls are still in game as the pair has crossed the main barrier. Thus, the way to the upside is clear.

The EUR/USD’s rally may be caused by the long-term weakness of the US dollar. The current risk-on sentiment decreased even more the demand for the safe-haven. Moreover, today the euro got a tailwind as the EU current account came out much better than analysts anticipated. This indicator shows a difference between imports and exports, plus all income flows during the previous month. It turned out 20.7 billion euros, while the forecast was only 7 billion. Besides, the EU core consumer price index was along with expectations: 1.2%.

All eyes on the FOMC meeting minutes today’s evening at 21:00 MT time. Most economists believe its dovish statement will drive the US dollar lower, and therefore EUR/USD higher. Otherwise, if the tone is hawkish, the US dollar will rise.

Technical tips

EUR/USD has been stuck in a range between 1.1900 and 1.1700 for almost a month. Today the pair has managed to break out this range. However, now it’s struggling to cross the next resistance at 1.1950. If it succeeds to break it out, the doors to 1.2000 will be open. In the opposite scenario, if it drops below the key psychological mark of 1.1900, it may dip down to the low of August 17 at 1.1835.

EURUSDH4.png

          TRADE NOW

usd
eur
análisis técnico
análisis fundamental
FBS Analyst Team

Author: FBS Analyst Team

Más de este autor

Similar

Últimas noticias

Comparta con sus amigos:

Depósito con sistemas de pago locales

Local Banks Transferencia Bancaria BBVA Bancomer Santander Ver todo
Ver todo

Aviso de recopilación de datos

FBS mantiene un registro de tus datos para ejecutar este sitio web. Al presionar el botón "Aceptar", estás aceptando nuestra Política de Privacidad .

Callback

—

Un gerente le contactará pronto

Corregir número

Su solicitud ha sido aceptada

Un gerente le contactará pronto

La próxima solicitud de devolución de llamada para este número telefónico
estará disponible en

Si tienes algún problema urgente, contáctanos a través del
Chat en vivo

Error interno. Por favor, inténtelo nuevamente más tarde

¡No pierdas tu tiempo – mantente informado para ver cómo las NFP afectan al USD y gana!

Está utilizando una versión anterior de su navegador.

Actualícelo a la última versión o pruebe otro para una experiencia de trading más segura, cómoda y productiva.
Safari Chrome Firefox Opera