Technical Analysis by SuperForex

[SFXOfficial]

The pair is drawing the fourth wave currently.
Today the data released from the EU showed mixed results. For example, the unemployment rate increased, but the consumer price index rose above the projected figure. This balanced the single currency.
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[SFXOfficial]

The pair is on the rise.
Today we would take a look at the EUR/USD currency pair, which is one of the most popular trading instruments. Since last week the pair has continued to climb, though only modestly. Currently it is approaching a monthly high above 1.18.
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[SFXOfficial]

The pair has found a resistance level.
At the moment we observe a strong weakening of the reserve currency and our pair is moving down. We can assume that against the background of global news and trade wars, the US dollar will continue its decline. However, our pair has found a resistance level and suspended the upward movement.
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[SFXOfficial]

There's a high probability of a rate increase by the Bank of Canada today. The deals to BUY seem the most effective in the near future.
The rates are in the mode of extremely high volatility due to multidirectional macroeconomic statistics, as well as tension because of the trade war. The market is still afraid of the development of trade war and reacts to any news.
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