EUR/USD This Week

ca.investing.com/analysis/eurusd-this-week-200509595

EUR/USD This Week

By Shahriar Motevaselolhagh | May 22, 2022 12:59

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EURUSD has been bearish for 50 weeks but there are some concerns now. There is a bearish Engulfing pattern in weekly DXY which is below the resistance line so we may see a little correction.

If you look at the EXY, you can also see a weekly bullish Engulfing candlestick pattern. EXY is at its low since 2017 and rebound from the last support line.

Although the trend is bearish, the commitment of traders report are kind of neutral and unemployment rate is better for US but there are other factors like inflation and GDP growth which are better for EUR while the EURUSD seasonality indicator is long in May too.
In the other hand the price touched the all time low since 2002 which is the bottom of 2016 and soared. This bullish move caused a very nice weekly bullish Engulfing candlestick pattern after 6 weeks of strong bearishness.

There are a tiny RSI and MacD bullish divergence too which is confirmed. It is very possible to see a little bullish move in the upcoming week. It is just my opinion shared here and are for educational/informational purposes only.

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Central Banks

Interest Rates

Next Meeting

BOC

2.50%

Sep 07, 2022

FED

2.50%

Sep 21, 2022

BOE

1.75%

Sep 15, 2022

ECB

0.50%

Sep 08, 2022

SNB

-0.25%

Sep 22, 2022

RBA

1.85%

Sep 06, 2022

RBNZ

2.50%

Aug 17, 2022

BOJ

-0.10%

Sep 22, 2022

CBR

8.00%

Sep 16, 2022

RBI

5.40%

Sep 30, 2022

PBOC

3.70%

BCB

13.75%

Sep 21, 2022

S&P/TSX	19,578.30	-90.87	-0.46%
S&P/TSX 60	1,181.76	-4.35	-0.37%
US 30	32,801.0	+26.6	+0.08%
US 500	4,125.9	+3.4	+0.08%
S&P 500 VIX	21.77	+0.48	+2.25%
DAX	13,534.97	-152.72	-1.12%
Dollar Index	106.170	-0.153	-0.14%

Crude Oil WTI	90.48	-0.02	-0.02%
Brent Oil	96.49	-0.16	-0.17%
Natural Gas	7.857	+0.013	+0.17%
Gold	1,810.50	-1.80	-0.10%
Silver	20.492	+0.010	+0.05%
US Soybeans	1,428.50	+28.50	+2.04%
US Cotton #2	99.10	+3.51	+3.67%

USD/CAD	1.2887	-0.0001	-0.01%
EUR/USD	1.0208	-0.0003	-0.03%
USD/JPY	135.18	+0.06	+0.04%
GBP/USD	1.2071	-0.0008	-0.07%
CAD/USD	0.7760	+0.0003	+0.05%
EUR/CAD	1.3155	-0.0005	-0.04%
GBP/JPY	163.18	-0.06	-0.04%

Bombardier Inc	29.480	-0.580	-1.93%
Enbridge	43.42	+0.01	+0.02%
Air Canada	18.02	-0.40	-2.17%
Ovintiv	21.70	-0.39	-1.77%
Apple	164.92	+0.05	+0.03%
Alibaba ADR	91.13	+0.29	+0.32%
Twitter Inc	42.83	-0.11	-0.26%

EUR/USD This Week

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