The euro declined further before tomorrow’s U.S. job report. The EUR/USD is now trading below the March 19 low of 1.2240 and close to the 1.2200 threshold. Should the job report or the average hourly earning from the U.S. fall short of the market’s expectation tomorrow, the U.S. dollar would…
Month: April 2018
Buy EUR/USD MT4 EA Incurred a Loss after the Euro Lost Its Steam at around 1.2290
The euro came back to where it started yesterday after the failed attempt to break above 1.23 during the early European session. The EUR/USD is trapped within a 40-pip range. Traders chose to ignore the trade war between the U.S. and China. The economic data from the U.S. today was…
Will the Euro Fall below the March 19th Low of 1.2240 against the Dollar before the U.S. Job Report This Friday?
The euro fell further against the U.S. dollar and approached the March 16 low of 1.2260. The EUR/USD repeated its pattern from Monday. It moved higher during the Asian session, and then began to trade lower after the European markets opened. It broke below 1.2280 and threatened to test the…
Can Euro Reclaim 1.25 amid the Negative U.S. Dollar Sentiment?
The euro drifted between 1.2340 and 1.2280 today without any clear direction despite the U.S. stock market indices dropped 2% to 4% today. The EUR/USD initially climbed higher and reached 1.2340. It reversed its course quickly and fell to as low as 1.2280. Traders are waiting for the U.S. job…