Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

EUR/USD Forecast: Bears Preserve The Strain On Progress

By FOREX IN WORLDForexJul 18, 2021 08:49AM ET
www.investing.com/analysis/eurusd-forecast-bears-preserve-the-strain-on-progress-200592077
EUR/USD Forecast: Bears Preserve The Strain On Progress
By FOREX IN WORLD   |  Jul 18, 2021 08:49AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

The EUR/USD pair completed the week simply above the 1.1800 degrees because the dollar retained its energy heading into the weekly shut, regardless of blended US information.

Retail Gross sales within the nation have been up in June 0.6%, beating the -0.4% anticipated, though Shopper Confidence contracted in July to 80.8 from 85.5, based on Michigan’s preliminary estimate.

The greenback benefited from its safe-haven situation, as European and American indexes edged decrease on Friday. Market’s considerations gyrated around progress, displaying indicators of slowing because the pandemic remains hitting the world.

The European Union confirmed June inflation at 1.9% YoY. 

The macroeconomic calendar will be mild on Monday, which suggests sentiment will proceed to prepare the ground. The principal occasion this week would be the European Central Bank's meeting, scheduled for Thursday.

EUR/USD short-term technical outlook

The EUR/USD pair was growing inside a descendant channel within the everyday chart giving indicators of additional falling. The 20 SMA headed south above the present degree and much beneath the longs, whereas the 100 SMA crossed beneath the 200 SMA for the first time in a year. Lastly, technical indicators lacked directional energy, however stayed inside unfortunate ranges.

The 4-hour chart gave a neutral-to-bearish stance, because the pair hovered around a mildly bearish 20 SMA, whereas the Momentum indicator turned south around its midline.

After all, the RSI consolidates round 44. The slide is supposed to proceed as soon as the pair hits beneath 1.1771, which is the multi-month low posted as the final last week.

Assist ranges: 1.1770 1.1720 1.1685
Resistance ranges: 1.1840 1.1885 1.1920

EUR/USD Forecast: Bears Preserve The Strain On Progress
 

Related Articles

Kathy Lien
AUD Bounces Off 0.70; Euro Underperforms By Kathy Lien - Dec 07, 2021

The US dollar rallied on Monday against some but not all of the major currencies.  Our readers should not find the rally in USD/JPY or decline in EUR/USD surprising because we...

AAATrade LTD
USD/JPY: Bounce Likely By AAATrade LTD - Dec 07, 2021

Looking at the USD/JPY weekly chart, we can see it being stuck in a channel between 112.6 support and 113.6 resistance for the past week without any notable movements besides the...

EUR/USD Forecast: Bears Preserve The Strain On Progress

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: The information contained on this article is for general finance information purposes only. FOREX IN WORLD assumes take responsibility for errors or omissions in the contents on the Service.In no event shall FOREX IN WORLD be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. FOREX IN WORLD reserves the right to make additions, deletions, or modification to the contents on the Service at any time without prior notice.Please note that the FOREX IN WORLD does not guarantee the accuracy of any trade analysis, relevance, timeliness, or completeness of any information on these external websites.
Continue with Google
or
Sign up with Email