European Session EURUSD looking Range tarding Breakout Today
EURUSD Technical Overview:
Pivot: 1.1685
Day Trading Range: 1.1630 - 1.1740
Key Resistance: 1.1698 - 1.1722 - 1.1735 - 1.1748
Key Support: 1.1685 - 1.1668 - 1.1645 - 1.1610
Technical Indicator:
RSI: RSI facing toward upside moving above 50 level.
Moving Average: SMA200 (1.1633) & SMA100 (1.1670) strong support for EURUSD.
Technical Trade Idea:
Most Likely Scenario: short positions below 1.1685 with targets at 1.1645 & 1.1628 in extension.
Alternative scenario: above 1.1685 look for further upside with 1.1715 & 1.1735 as targets.
Fundamental:
The pair regained some positive traction during the Asian session on Wednesday, albeit remained well below the 1.1700 handle as investors continue to assess the latest escalation of US-China trade tensions. There isn’t any market-moving economic data due for release from the Euro-zone, while the US economic docket offers housing market data – building permits and housing starts. The range bound price action is expected to continue in near future as the spread between the US and German bond yields for 10-year bonds currently stands at 257 basis points – the highest level since Aug. 8.
The daily chart of the EUR/USD is flashing a bullish reversal pattern, but a breakout may remain elusive, as the bond yield differentials are rising in the EUR-negative manner.
Today In US Session Mr Draghi speech more important for pair.
Thanks
YoCryptoManic
Pivot: 1.1685
Day Trading Range: 1.1630 - 1.1740
Key Resistance: 1.1698 - 1.1722 - 1.1735 - 1.1748
Key Support: 1.1685 - 1.1668 - 1.1645 - 1.1610
Technical Indicator:
RSI: RSI facing toward upside moving above 50 level.
Moving Average: SMA200 (1.1633) & SMA100 (1.1670) strong support for EURUSD.
Technical Trade Idea:
Most Likely Scenario: short positions below 1.1685 with targets at 1.1645 & 1.1628 in extension.
Alternative scenario: above 1.1685 look for further upside with 1.1715 & 1.1735 as targets.
Fundamental:
The pair regained some positive traction during the Asian session on Wednesday, albeit remained well below the 1.1700 handle as investors continue to assess the latest escalation of US-China trade tensions. There isn’t any market-moving economic data due for release from the Euro-zone, while the US economic docket offers housing market data – building permits and housing starts. The range bound price action is expected to continue in near future as the spread between the US and German bond yields for 10-year bonds currently stands at 257 basis points – the highest level since Aug. 8.
The daily chart of the EUR/USD is flashing a bullish reversal pattern, but a breakout may remain elusive, as the bond yield differentials are rising in the EUR-negative manner.
Today In US Session Mr Draghi speech more important for pair.
Thanks
YoCryptoManic
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.