All eyes on the EURUSD
Bullish continuation pattern remains in play
Share this:
The US Dollar was bearish against most of its major pairs on Friday with the exception of the CAD.
On the economic data front, Housing Starts rose to 1,186K on month in June (1,190K expected), from a revised 1,011K in May. The University of Michigan's Consumer Sentiment Index unexpectedly fell to 73.2 on month in the July preliminary reading (79.0 expected), from 78.1 in the June final reading.
The Euro was bullish against most of its major pairs with the exception of the CHF. In Europe, the European Commission has posted final readings of June CPI at +0.3% on year, as expected.
The Australian dollar was bullish against most of its major pairs with the exception of the CHF.
Looking at active currency pairs, the EUR/USD had the largest move in Friday's New York trading session jumping 51 pips to 1.1435. On a daily chart, the EUR/USD remains in play. Traders are looking towards a test of the March high around 1.1495 for a possible breakout towards 1.157 resistance set back in Jan of 2019.
Source: GAIN Capital, TradingView
Have a great weekend
On the economic data front, Housing Starts rose to 1,186K on month in June (1,190K expected), from a revised 1,011K in May. The University of Michigan's Consumer Sentiment Index unexpectedly fell to 73.2 on month in the July preliminary reading (79.0 expected), from 78.1 in the June final reading.
The Euro was bullish against most of its major pairs with the exception of the CHF. In Europe, the European Commission has posted final readings of June CPI at +0.3% on year, as expected.
The Australian dollar was bullish against most of its major pairs with the exception of the CHF.
Looking at active currency pairs, the EUR/USD had the largest move in Friday's New York trading session jumping 51 pips to 1.1435. On a daily chart, the EUR/USD remains in play. Traders are looking towards a test of the March high around 1.1495 for a possible breakout towards 1.157 resistance set back in Jan of 2019.
Source: GAIN Capital, TradingView
Have a great weekend
The US Dollar was bearish against most of its major pairs on Friday with the exception of the CAD.
On the economic data front, Housing Starts rose to 1,186K on month in June (1,190K expected), from a revised 1,011K in May. The University of Michigan's Consumer Sentiment Index unexpectedly fell to 73.2 on month in the July preliminary reading (79.0 expected), from 78.1 in the June final reading.
The Euro was bullish against most of its major pairs with the exception of the CHF. In Europe, the European Commission has posted final readings of June CPI at +0.3% on year, as expected.
The Australian dollar was bullish against most of its major pairs with the exception of the CHF.
Looking at active currency pairs, the EUR/USD had the largest move in Friday's New York trading session jumping 51 pips to 1.1435. On a daily chart, the EUR/USD remains in play. Traders are looking towards a test of the March high around 1.1495 for a possible breakout towards 1.157 resistance set back in Jan of 2019.
Source: GAIN Capital, TradingView
Have a great weekend
On the economic data front, Housing Starts rose to 1,186K on month in June (1,190K expected), from a revised 1,011K in May. The University of Michigan's Consumer Sentiment Index unexpectedly fell to 73.2 on month in the July preliminary reading (79.0 expected), from 78.1 in the June final reading.
The Euro was bullish against most of its major pairs with the exception of the CHF. In Europe, the European Commission has posted final readings of June CPI at +0.3% on year, as expected.
The Australian dollar was bullish against most of its major pairs with the exception of the CHF.
Looking at active currency pairs, the EUR/USD had the largest move in Friday's New York trading session jumping 51 pips to 1.1435. On a daily chart, the EUR/USD remains in play. Traders are looking towards a test of the March high around 1.1495 for a possible breakout towards 1.157 resistance set back in Jan of 2019.
Source: GAIN Capital, TradingView
Have a great weekend
Latest market news
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
EUR/USD weekly outlook: Oil, inflation and NFP in focus
After coming under significant pressure in recent weeks, the EUR/USD came off its lows to finish the week on a positive note on Friday, albeit with only a mild rebound. That was not enough to prevent the exchange rate falling for the third consecutive week, as the US dollar and bond yields rallied across the board.
USD/JPY Weekly Outlook: Payrolls loom as US rates remain the dominant driver
Strong US growth and hawkish Fed pricing continue to support USD/JPY, while intervention risk appears to be kicking in at lower levels
EUR/USD Q4 2026 Outlook: Euro at a Crossroads as Fed, ECB Tighten 9 25 2026
EUR/USD enters Q4 at a pivotal inflection point as competing Fed-ECB policy paths and persistent inflation risks collide with major technical support.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.