Technical analyses: EURUSD confirms new support above 1.19

Technical analyses: EURUSD confirms new support above 1.19

This was an interesting week for EUR/USD that pooled back above 1.19 at the beginning of the week. Conformation filed with retest above this level still made traders taking advance of bullish trades on Friday. EUR/USD is stabilizing as US yields are off their highs and the market mood is marginally better.  The EURUSD pair…

Technical Analysis: EURUSD remains bearish after a strong correction

Technical Analysis: EURUSD remains bearish after a strong correction

EUR/USD went back above 1.19 after a nice price correction. A strong sell environment has recovered after today’s US Core CPI. Ten-year Treasury yields are hovering around 1.55% ahead of the all-important bond-auction due later.  The¬†EUR/USD pair¬†spent most of the day trading a handful of pips below the 1.1900 level, confined to a tight 60…