LiteForex_Official

EUR/USD: general analysis

FX:EURUSD   Euro Fx/U.S. Dollar
72 0 3
Current trend

Yesterday the US Dollar             strengthened against the European currency. The Euro             was pressured by the publication of data on economic sentiment in the eurozone. The ZEW survey showed an increase in economic sentiment to 5.4 points that was, however, substantially below market consensus of 6.7 points.
Today attention needs to be paid to data on the Import and Export Prices Indexes, due in the US at 2:30 pm (GMT+2), which are followed as indicators of inflation in the country.

Support and resistance

Bollinger Bands on the 4-hour chart is directed down while the price range is narrowing. MACD histogram remains in the region of the zero line and is keeping a sell signal. Stochastic is hovering not far from the border of the oversold zone.

The indicators recommend short positions.

Support levels: 1.1221, 1.1215, 1.1208, 1.1200, 1.1190, 1.1180.
Resistance levels: 1.1231, 1.1242, 1.1250, 1.1255, 1.1262, 1.1271, 1.1278.

Trading tips

Short positions can be opened from the current level with targets at 1.1205, 1.1195 and stop-loss at 1.1245. Validity – 1-2 days.
Long positions can be opened from the level of 1.1240 with the target at 1.1280 and stop-loss at 1.1225. Validity – 1-3 days.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out