Euro / U.S. Dollar
Long
Updated

Today's EUR/USD Trend Analysis and Trading Recommendations

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The EUR/USD is trading at the upper end of its recent range, having hit an intraday high of around 1.1440 and remaining near that level. The US Dollar strengthened in the early session due to optimism about the easing of Sino-US trade tensions, but later declined as European stocks fluctuated. Technically, the daily chart shows bulls remain in control, with the 20-day SMA rising gently at 1.1330. In the short term, the pair is range-bound around the 20-day SMA, yet to confirm a bullish breakout, while the 100-day and 200-day SMAs support the overall upward trend.

EUR/USD
buy@1.14200-1.14300
tp:1.14600-1.14900

Trade active
Driven by the CPI data, EUR/USD has surged strongly in the short term and has now hit the take-profit range.

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