EUR/USD Daily Technical Analysis

EUR/USD: Currently the pair is trading at 1.1400 support level. If it manages to break it, the next support is at 1.1350. On the upside the next resistance level is located at 1.1490.

The euro rose against the greenback on Wednesday. By the close of US trading, EUR / USD was trading at 1.1385, adding 0.13%. I believe that support is now at 1.1271, Thursday's low, and resistance is likely at 1.1472, Tuesday’s high.

By the close of US trading, EUR / USD was trading at 1.1331, losing 0.63%. I believe that support is now at around 1.1328, the low of Friday's trading, and resistance is likely to be at 1.1473, the high of Tuesday.

EUR/USD: The euro/dollar tried to rise up last week, making a peak at 1.1472, but closed down to 1.1334 after failing to break above the trendline resistance. Expectations are bearish for testing 1.1275, but important support remains 1.1215. It should be clearly pierced down to resuming the main bearish trend. The closest resistance is at 1.1385. A clear breakthrough over it will take the price to a neutral zone with testing at 1.1430, but a key resistance is 1.1500.

On Tuesday, the dollar rose almost to a maximum in two weeks against a basket of other currencies amid fears of a possible escalation of the trade conflict between the United States and China.
Investors hoped that negotiations between Trump and his Chinese counterpart at the upcoming G20 summit would lead to a truce in a trade war. EUR/USD fell below 1.1300.

EUR/USD: The pair jumped up today by nearly 100 pips, due to speeches from Jerome Powel. EUR/USD is now trading at the first possible support - 1.1370-70. The next support is located at 1.1410, followed up by 1.1460.

On Thursday, the dollar stabilized after a decline in the previous session, caused by statements in favor of a milder version of the monetary policy made by Fed Chairman Jerome Powell. Powell said interest rate was close to neutral. The euro exchange rate slightly changed against the dollar: 1.1371.

The last day of the month should bring some volatility with G20 Summit, German Unemployment Claims Rate, and German CPI.

EUR/USD: The euro fell on Friday after a weak report on the volume of retail sales in Germany. The EUR/USD pair slipped 0.46% to 1.1340. The volume of retail sales in Germany fell by 0.3% to a minimum in three months. Analysts predicted that this figure will grow by 0.4%.

It sure did!