Today’s session is marked by a strong recovery of the euro against the US dollar, following the good performance of equities which also reflects the risk-on sentiment among the investors.
EUR/USD - 4 hours time frame chart
On the 4-hour chart, we can see that the bulls are managing to break above the range between 1.054-1.070 that could dictate new bullish momentum throughout this week.
EUR/USD, 4 hours time frame chart. Source: xStation 5
On the other hand, on the US dollar index chart, we can see that the price is also breaking below the range, supported also by the 200 and 50 moving averages periods which continue to support the bearish sentiment.
Dollar Index, 4 hours time frame chart. Source: xStation 5
USD is leading the losses this trading session.
Heatmap. Source: xStation 5
Henrique Tomé, XTB Portugal
GBPUSD slightly up after stronger than expected UK labour market data
Three Markets To Watch (20.04.2026)
Dollar Plummets After Opening of the Strait of Hormuz 💲📉 The Start of a Sharp Correction❓
Chart of the Day: Is the Yen Approaching a Breaking Point?
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
