FX:EURUSD   Euro/U.S. Dollar
86 0 3
Current trend

Yesterday the US Dollar             moderately strengthened against the Euro             amid positive data on the US property market. In July, New Home Sales grew from 582 to 654 thousands while economists predicted a fall to 580 thousands. In addition, the pair is pressured by expectations of Fed Chair Janet Yellen speech on monetary policy , which is due this Friday.

Today attention needs to be paid to the Housing Price Index in the US. An expected increase in the index will support the Dollar.

Support and resistance

On the 4-hour chart, the pair is testing a support level at the level of 1.1275.
Bollinger Bands is directed down while the price range is widening. MACD histogram is in the positive zone and its volumes are falling. Stochastic has entered the oversold zone.

The indicators recommend short positions.

Support levels: 1.1265, 1.1237, 1.1222, 1.1198, 1.1170.
Resistance levels: 1.1275, 1.1296, 1.1312, 1.1326, 1.1344, 1.1356.

Trading tips

Short positions can be opened from current prices with the target at 1.1195 and stop-loss at 1.1320. Validity – 1-3 days.
Long positions can be opened from the level of 1.1325 with the target at 1.1360 and stop-loss at 1.1300. Validity – 1-3 days.
More analytic from LiteForex:
English https://www.liteforex.com/trading/forex-analysis/?uid=880952068&cid=12118
Malay https://www.liteforex.my/trading/forex-analysis/?uid=880952068&cid=12118
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out