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
Cosmic increases in precious metals, yen in turbo mode! 🚀
Canada in the Tariff Fire. Markets React to Political Tensions in North America
The Week Ahead
Chart of the day: EURUSD under pressure after PMI data! 📉
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
