
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
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Performance in 2020: -2.6%
Last day range: 1.0862-1.0923
52-week range: 1.0862-1.1338
It comes from spring 2017, almost three years ago. That’s how low the EUR/USD trades now. Therefore, if things keep going as they do now for this currency pair, you will have to hang your support levels in the “emptiness downstairs”. Unless you prefer looking at a weekly timeframe.
The realistic answer to this question is that there are no solid factors to support the euro. In the meantime, those against it are numerous. Weak domestics growth in the Eurozone, questionable monetary policy line on behalf of the ECB, gloomy perspective of the outcome of the Brexit transition period, a significant probability of trade tensions with the US – you name it. The USD, on the contrary, has an 11-year continuous expansion of the American economy, strong labor indicators, notable resilience of the stock market even despite the Coronavirus, and justified actions of the Fed as presented by Jerome Powell this week. As you can see, it is little surprise that the EUR/USD has dropped to where it has not been for the last three years. And there is a high likelihood that we are yet to see it further down.
Resistance 1.0923
Support 1.0840
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
The stock market has reversed, and now it’s going lower and lower…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
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