A break above 1.13 this week (and also the daily resistance at 1.1302) has the 1.1341 Feb 13 high to target on the H4 scale, shadowed closely by December’s opening level plotted at 1.1350.
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Presidents Day schedule 2019
Dear Trader, Please find our updated Trading schedule and general information related to the Presidents Day Holiday on Monday, 18th February, 2019. All times mentioned below are Platform time (GMT +2) Forex (Mon) 18th February 2019 – Normal Trading Hours Precious Metals (Mon) 18th February 2019 – Early Close 20:00 Spot Energies (Mon) 18th February 2019 – XNGUSD & XTIUSD: Early Close … Continue reading Presidents Day schedule 2019
Thursday 14th February: The greenback preserves gains above 97.00, weighing on trading peers.
A blend of reasonably encouraging US macroeconomic data along with second-rate European and British numbers, specifically UK inflation, weighed on the single currency.
Wednesday 13th February: UK inflation figures to potentially weigh on sterling further.
The EUR/USD dipped its toe into bullish territory Tuesday, staging a modest rebound off H4 support at 1.1271 and recapturing the 1.13 handle. Shattering a six-day losing streak, the pair took advantage of broad-based USD weakness.
Tuesday 12th February: Fed Chair Powell takes center stage today – remain cautious around this time.
Despite limited macroeconomic presence out of both Europe and the US, demand for the greenback intensified Monday.