Ahead of the highly-anticipated US July inflation report, The USD dollar is looking for demand and EURO USD is ready to breach the long waited resistance.
EURUSD has formed a symmetrical triangle on 4h Charts, in addition to a price action that builds up toward the long waited resistance - 1.0240 (Fibonacci 38.2% retracement of the latest downtrend), it is obvious now that the pair is about to break out of its range and could use a big push from a weak CPI print, to rise above that level and target at least 1.0370 (Fibonacci 61.8% retracement.
Stoploss for this breaking below 1.0200 , which means the dollar gained strength from the inflation report.
EURUSD has formed a symmetrical triangle on 4h Charts, in addition to a price action that builds up toward the long waited resistance - 1.0240 (Fibonacci 38.2% retracement of the latest downtrend), it is obvious now that the pair is about to break out of its range and could use a big push from a weak CPI print, to rise above that level and target at least 1.0370 (Fibonacci 61.8% retracement.
Stoploss for this breaking below 1.0200 , which means the dollar gained strength from the inflation report.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.