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ADS Securities: EURUSD Trump commentary analysis
13/04/2017
ADS Securities: EURUSD Trump commentary analysis

The USD has slightly depreciated against the common currency, following Trump’s remarks. See ADS Securities’ EURUSD Trump commentary analysis.

13 April, ADS Securities – Yesterday, the Euro traded significantly higher against the US Dollar following comments from the US President Donald Trump that the Dollar is getting too strong, favoring a weaker currency and a low-interest rate regime.

EURUSD Trump commentary analysis

On the 1H chart, the pair is trading above its short -term and long-term EMA’s, reflecting at a bullish technical picture. Moreover, the MACD indicator is trading at a higher level above its centre line, further affirming the above stance. Key resistance is placed at the 1.0700 level, followed by the 1.0730 and 1.0820 levels.

A sustained break above the latter might lead to further acceleration to the upside. On the other hand, key support is situated at the 1.0605 level, followed by the 1.0550 and 1.0465 levels. A breach below the latter might trigger bearishness in the pair.

EURUSD Trump commentary analysis

ADS Securities Risk Disclaimer

This technical analysis about EURUSD is intended solely for the person or entity to whom it is addressed. Such person or entity is prohibited from disseminating, distributing, transmitting or forwarding this communication to any other person or entity. Also, this communication may not be used in whole or in part by any person or entity. Which it was not originally directed to by ADS Securities LLC (“ADSS”, “us” or “we”). Trading foreign exchange, foreign exchange options, foreign exchange forwards, contracts for difference, bullion and other over-the-counter products carries a high level of risk. Hence, it may not be suitable for all investors.

All opinions, news, analysis, prices or other information contained in this communication are provided as general market commentary. It does not constitute investment advice. Nor a solicitation or recommendation for you to buy or sell any over-the-counter product or another financial instrument.

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