LiteForex_Official

EUR/USD: general review

FX:EURUSD   Euro Fx/U.S. Dollar
58 0 2
Current trend

Today the pair continued growing despite the publication of mixed data in the eurozone. The Producer Price Index for December fell to -0.8% that was substantially worse than forecasts of economists. At the same time, the Unemployment Rate slightly fell as well, from 10.5% to 10.4%. Therefore, continuous decline in prices could force the ECB to expand its stimulation program or cut interest rates further, either of which would significantly pressure the Euro             .

Support and resistance

Support levels: 1.0894.
Resistance levels: 1.0943.

Trading tips

Short positions can be opened from the level of 1.0943 with the target at 1.0890 and stop-loss at 1.0955.
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