EUR/USD - OUTLOOK
* U.S Retail sales Increased by 0.7% in August.The report that printed that retail sales rose by 0.7% which is an encouraging fact to the U.S economy.
*The Initial Jobless Claims and Continuing Jobless Claims reports are also released with visible decrement such as the Continuing Jobless Claims report decreased from 2.852K to 1665K.
EUR/USD dropped under the 200 Simple Moving Average as well as the IRS-32 ( Oversold condition),the price has reached 61.80% Fib.R level,currently the pair is testing the support 1.1750, If the price slips down from 1.1750, the next target would be 1.1726 followed by 1.1732.
On the upside, If the price moves up from 1.1782, It will head towards next resistance 1.1831.
Look for Short Term selling opportunities once again if the price gets up from 1.1750.
* U.S Retail sales Increased by 0.7% in August.The report that printed that retail sales rose by 0.7% which is an encouraging fact to the U.S economy.
*The Initial Jobless Claims and Continuing Jobless Claims reports are also released with visible decrement such as the Continuing Jobless Claims report decreased from 2.852K to 1665K.
EUR/USD dropped under the 200 Simple Moving Average as well as the IRS-32 ( Oversold condition),the price has reached 61.80% Fib.R level,currently the pair is testing the support 1.1750, If the price slips down from 1.1750, the next target would be 1.1726 followed by 1.1732.
On the upside, If the price moves up from 1.1782, It will head towards next resistance 1.1831.
Look for Short Term selling opportunities once again if the price gets up from 1.1750.