FxWirePro
Short

EURUSD breaks major support 1.0660,market await German ZEW data

FX:EURUSD   Euro / U.S. Dollar
690 0 6
Potential Reversal Zone (PRZ) -1.0660

EUR/USD             breaks trend line support 1.0660 ( trend line joining 1.08180 and 1.06740) and is currently trading around 1.06580.

Markets eye German ZEW and US CPI             for further direction. German ZEW is expected to increase to 8.4 from 1.9. The indicator has been declining throughout 2015.The pair is expected to show a slight jump till 1.06800 if ZEW data comes as expected.

If German ZEW economic sentiment data comes above 12.1 (Sep Month data) .The EUR/USD             is expected to reach till 1.0720 levels.

If data comes below expectations of (below 1.9) a decline till 1.0600/1.0570 is possible.

Technically pair’s minor support is around 1.0650 and break below will drag the pair further down till 1.0600/1.0570 level.

On the higher side major intraday resistance is around 1.0703 and break above targets 1.0720/1.0765 level.

Overall bearish invalidation only above 1.0830.

It is good to sell on rallies around 1.0705-710 with SL around 1.0765 for the TP of 1.0650/1.0600
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out