Last week was marked by a clear improvement in market sentiment, with risk-assets outperforming the market, while the US dollar was penalized by the risk-on sentiment.
EUR/USD - Daily time frame chart
On the daily chart, we can see that the bullish momentum has intensified after the price managed to break above the top of the previous range.
However, we can see that the buying force starts to show signs of slowing down near the resistance level at 1.0800.
EUR/USD, Daily time frame chart. Source: xStation 5
On the US dollar index chart, we can see that the price has broken above the lower bound of the consolidation and that the 50 and 200 period moving averages are about to cross (“death cross” pattern), indicating the possibility of a new bearish momentum.
Dollar Index, 4 hours time frame chart. Source: xStation 5
JPY 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.
