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Where is EURUSD heading
Aug 23, 2017 at 11:34
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4 Replies
Aug 23, 2017 at 11:34
EUR/USD approaches 1.18 on upbeat PMIs, Draghi
By Pablo Piovano
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EUR/USD is now giving some signs of life around 1.1770 following the speech by President Draghi in Lindau and positive results from PMIs in the euro bloc.
EUR/USD volatile on data, Draghi
Spot made an attempt to the 1.1780 region after French, German and EMU advanced manufacturing PMIs are expected to come above expectations for the month of August.
Further news cited President Draghi saying at his speech in Lindau that monetary policy must always be ready for new challenges, all amidst heightened anxiety among traders over potential signs towards ‘tapering’ in the medium term.
On the data front, flash Markit’s PMI is due across the pond along with new home sales and the speech by Dallas Fed R.Kaplan (voter, hawkish).
EUR/USD levels to watch
At the moment, the pair is advancing 0.24% at 1.1789 facing the initial hurdle at 1.1830 (high Aug.21) followed by 1.1846 (high Aug.11) and finally 1.1894 (high Aug.3). On the flip side, a breach of 1.1661 (low Aug.17) would target 1.1641 (5-month up trend) en route to 1.1611 (low Jul.26).
By Pablo Piovano
SHARE Share on Twitter Share on Facebook More options
EUR/USD is now giving some signs of life around 1.1770 following the speech by President Draghi in Lindau and positive results from PMIs in the euro bloc.
EUR/USD volatile on data, Draghi
Spot made an attempt to the 1.1780 region after French, German and EMU advanced manufacturing PMIs are expected to come above expectations for the month of August.
Further news cited President Draghi saying at his speech in Lindau that monetary policy must always be ready for new challenges, all amidst heightened anxiety among traders over potential signs towards ‘tapering’ in the medium term.
On the data front, flash Markit’s PMI is due across the pond along with new home sales and the speech by Dallas Fed R.Kaplan (voter, hawkish).
EUR/USD levels to watch
At the moment, the pair is advancing 0.24% at 1.1789 facing the initial hurdle at 1.1830 (high Aug.21) followed by 1.1846 (high Aug.11) and finally 1.1894 (high Aug.3). On the flip side, a breach of 1.1661 (low Aug.17) would target 1.1641 (5-month up trend) en route to 1.1611 (low Jul.26).
Sep 11, 2017 at 08:25
csc2009 posted:
Market still fear on how Hurricans would affect the Dollar, I'm expecting Eur/Usd would extend its gain afer the correction movement. Resistance can be found around 1.2090/1.2100 zone.
I suppose it will struggle around 1.2 for some time
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