EU Bullet Report | USD Tumbles | Trade Signals of the Day

Dollar Tumble Continues

  • EUR/USD dipped to a session low of 1.1279 levels after ECB’s chief economist assured markets that the central bank could cut rates further. Trading Central prefers long positions above 1.1240 with targets @ 1.1345
  • GBP/USD prices rose as high as 1.4503 in US session before falling back to 1.4470 levels. Another wave of USD selling hit the markets in Asia amid rally in stocks, but the spot again failed to take out 1.45 levels. Trading Central prefers long positions above 1.4360 with targets @ 1.4510
  • Gold profit taking ahead of the weekend weighed over Gold. Consequently, the metal fell from the Asian session high to trade 0.35% lower on the day around $1260/Oz levels. Trading Central prefers long positions above 1254.00 with targets @ 1276.00
  • USD/JPY tumbled on Thursday to dip briefly under the key support of 111.00 level. The Fed’s announcement followed a day after the BOJ kept interest rates on hold allowed the yen to surge against the dollar on Tuesday, pushing USD/JPY well below its key 114.00-area resistance level. Trading Central prefers short positions below 112.30 with targets @ 110.60

Try our new trading platform www.easymarkets.com and login with your same username and password you use at easy-forex. Experience a better user interface with news, Technical Analysis and charts – all in one page.

The post EU Bullet Report | USD Tumbles | Trade Signals of the Day appeared first on Forex.Info.

Source:: EU Bullet Report | USD Tumbles | Trade Signals of the Day

About the Author
With over a decade of trading expertise and 100,000 fulfilled clients in 160 countries worldwide, easyMarkets will tick all your boxes whether you are a new or experienced trader, affiliate or introducing broker. [space height="20"] Trade 300+ markets including currencies, commodities, metals, vanilla options and indices from one place without the jargon, complicated offers and confusing terms! [space height="20"] Welcome to the exciting world of trading. Welcome to easyMarkets.

Related Posts

Leave a Reply

*