KENJICHEN

0221-EURUSD Analysis

Short
FX:EURUSD   Euro / U.S. Dollar

EURUSD
Euro didn't empower to rise further after FED announcement yesterday.
Therefore, it seems market is waiting for the Euro zone data release and EOC.

If euro zone CPI and PMI can't give more confidence on Euro economic condition to investors, then the announcement of EOC will be the most important event of today's market.

In my opinions, I expect EURUSD wont get too much support from the data or EOC.

Consider stay on short side first and watch out the uptrend channel can be breakdown or not. If break the trend line support, then EURUSD may be downward further to 1.2761 or more.

Support: 1.2957 / 1.3115 / 1.3330

Resistance: 1.3161~71 / 1.400


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