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FxWirePro: EUR/USD trades higher on tightening German and US yield spread, markets eye Fed minutes

EURUSD has pared most of its loss yesterday and jumped nearly 80 pips on broad based US dollar buying. The improvement in risk sentiment on account of US-China trade talk optimism has reduced safe haven demand. The pair hits high of 1.13575 and is currently trading around 1.13379.

 

The narrowing of spread between US and German bund is also supporting Euro. The spread between US S and German has declined from 259 basis point to 254 basis point. Any trend line break below 251 basis point confirms further decline till 245 basis point.

 

On the higher side, near term resistance is around 1.13820 (300- 4 H EMA) and any break above targets 1.1435/1.1500. The pair should break above trend line resistance 1.1500 for further bullishness.

 

The near term support is around 1.13000 and any violation below targets 1.12670/1.12340/1.12150. It should break below 1.12150 for further weakness.

 

It is good to buy on dips around 1.1300 with SL around 1.12670 for the TP of 1.13830/1.1400.

 

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2019-03-18 07:01:54
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2019-03-18 07:01:36
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2019-03-18 07:01:09
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March 19 07:00 UTC Released

CHTrade

Actual

3125 Mln CH

Forecast

Previous

3043 Mln CH

March 19 00:30 UTC Released

AUHome Price Index*

Actual

-2.4 %

Forecast

-2 %

Previous

-1.5 %

January 31 00:00 UTC 594539594539m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 594539594539m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 606359606359m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 594539594539m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 606359606359m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 594539594539m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 594539594539m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 594539594539m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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