EURUSD analysis week 28

Güncellendi
EUR/USD continues its downtrend and trades in negative territory below 1.0700 as the US Dollar benefits from upbeat data during the US trading session. S&P Global reported that economic activity in the US private sector continued to expand at a strong pace in June.

The risk-averse market atmosphere has helped the US Dollar (USD) gain strength, forcing EUR/USD to stand firm. Disappointing PMI data from Germany and the Eurozone weighs on the Euro find a need. Late Friday, S&P Global released preliminary US Manufacturing and Services PMI data. US PMI data is better than expected, USD could maintain its strength into the weekend and cause EUR/USD to fall below 1.0700.

EURUSD's retracement is close to the critical support level of 1.065. The uptrend was almost broken when the 1,070 level was completely broken. If EUR/USD falls below 1.065 and takes it as resistance, the slide could extend to the 1.062 two-month low.

On the upside, 1.0700 (psychological level, static level) can be considered as temporary resistance ahead of 1.0730 (61.8% Fibonacci retracement, EMA 34 and EMA 89) and 1.0780 (50% Fibonacci retracement).

Resistance: 1.073-1.078
Support: 1,065-1,062

Trading signals
SELL EURUSD: 1.078-1.080 SL 1.082
BUY EURUSD: 1.062-1.060 SL 1.058
Not
EUR/USD struggles to attract any meaningful buyers and is undermined by a combination of factors. Political uncertainty in Europe, along with Friday’s dismal Eurozone PMIs, seems to weigh on the Euro. The Fed’s relatively hawkish stance lifts the USD to a multi-week top and further acts as a headwind.
İşlem aktif
Not
EUR/USD catches a ride on broad-market Greenback weakness
EUR/USD drifted up in a mild recovery from last Friday’s dip into 1.0670. The new trading week is kicking things off with risk appetite firmly pinned higher, sending the US Dollar lower and bolstering the Euro as investors head into a relatively quiet Tuesday.
İşlem kapandı: hedefe ulaştı
Plan sell + 30 pips
İşlem kapandı: hedefe ulaştı
EUR/USD treads water in familiar chart territory ahead of thin Wednesday
EUR/USD traded within familiar levels on Wednesday, keeping the Fiber trapped in near-term consolidation just north of 1.0700 as Euro traders hunker down for the wait to meaningful data releases. Momentum is set to remain thin as markets await fresh data to drive market flows beginning on Thursday.
Not
RESISTANCE 1.073 +80 pips
İşlem kapandı: hedefe ulaştı
Not
EUR/USD hovers near 1.0700 ahead of key US PCE inflation
EUR/USD is trading sideways near .0700 in the European session on Friday. The pair reverses the previous rebound amid resurgent US Dollar demand even as risk sentiment remains in a sweeter spot. Markets turn anxious ahead of US PCE inflation and Sunday's French elections.
Not
update plan week soon
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