Forex Update: Euro Recovering Against Major Currencies

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2018 was a year to forget for the Euro. For almost the entire year, it corrected against major currencies such as the US Dollar and the Japanese Yen. While it performed well against the New Zealand Dollar, it significantly pulled back in Q4 of 2018.  

Nevertheless, the Euro looks to start the year with a bang as it begins to show signs of strength. In this article, we show how the Euro is recovering against major currencies.

Euro/US Dollar (EUR/USD)

The EUR/USD pair is telling us that it wants to climb higher.

While it corrected after touching a high of 1.25543 in February 2018, it is now giving us bullish technical action. The pair successfully flipped resistance of 1.14

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