EUR/USD longer term sell signal [Video]
EUR/USD continental collision — 12-timeframe bearish cascade slams into 1.1190 weekly demand floor
Morning briefing: EUR/USD hints at a medium-term downward shift
EUR/USD plunges — Will sellers keep the pressure on?
Looking at the 4-hour chart, the pair dropped below 1.1250 and 1.1200. It even tested 1.1165 and settled well below the 100 simple moving average (red, 4-hour) and the 200 simple moving average (green, 4-hour).
The Euro's recovery prospects fade as Rabobank lowers EUR/USD forecasts, citing French debt risks and the US Dollar's enduring appeal. Rabobank has cut its Euro forecasts even after Friday's weak US jobs report, arguing that Europe's growing problems leave investors with few attractive alternatives to the Dollar.
USD strength ran rampant again this week as the Dollar burst through a number of resistance levels, including the key Fibonacci level of 101.80 which had previously held the highs in June of this year. And, interestingly, while it was the carry trade in USD/JPY that was a large source of USD strength leading into Q3, last week saw the USD/JPY pair in somewhat of a calm manner.
EUR/USD Weekly Forecast: EU inflation outpaces US price growth as ECB, Fed meetings loom
Euro rebounds above 1.1250 after weak US jobs data weighs on US Dollar
The EUR/USD has this week tagged a fresh year-to-date low as French public-finance concerns triggerred a government bond sell-off. Today's US jobs report may change little, with resilient activity, elevated energy prices and hawkish Fed bets keeping the greenback supported.
EUR/USD: French risk premium weighs on Euro – ING
EUR/USD: Under pressure on Euro stress – Deutsche Bank