EUR/USD Technical Analysis: Downside pressure alleviated above the resistance line at 1.1284

The weekly upside momentum in the pair failed just above the 1.1300 handle.
EUR/USD needs to close above the multi-month resistance line at 1.1284 to alleviate downside pressure and allow at the same time a potential test of April’s tops in the 1.1320/25 band.
If this area is cleared, the immediate relevant target should come at the 200-week SMA at 1.1343.

EUR/USD daily chart

Jun 7, 2019

ECB: Mixed decision – TDS

According to analysts at TD Securities, the ECB decision was mixed, providing some dovish cues via extending forward guidance to at least mid-2020, wh

Markets are convinced the Fed will ease - ING

According to analysts at ING, it now seems the market is convinced that the Federal Reserve has to act after all the discussion about whether the flat