-
EUR/USD Mid-Session Technical Analysis for April 22, 2019
The Euro is edging higher on Monday, but low post-holiday trading is limiting the price action. The single-currency is trying to claw back some of its losses from last week when it posted a nearly half a percent decline. The catalyst behind last week’s selling pressure was a report that showed Germany’s manufacturing sector shrank for a fourth straight month in April. At 13:15 GMT, the EUR/USD is trading 1.1251, up 0.0007 or +0.06%. The main trend is up according to the daily swing chart. However, momentum is trending lower. The main trend will change to down on a trade through 1.1184. A move through 1.1324 will ... (full story)