Intraday target: 6260
EUR/USD: Weekly Gain/Loss: +0.33% Weekly Close: 1.1557 Demand zone at 1.1530-1.1550 hold the price today and push the price back to 1.1570 (daily high). Today we are looking for a long opportunity with price test of resistance at 1.1620. Today’s data points: US retail sales m/m; US Treasury currency report.
Intraday target: 6038
Broad-based USD selling, lower-than-expected US CPI figures along with US President Trump, once again, expressing disapproval over the Fed’s action, witnessed the EUR/USD rise to highs of 1.1599 on Thursday. We expect that today price will hit again 1.1540.
Intraday target: 6038
Intraday target: 1.1620
Intraday target: 6378
Yesterday price fall to our support area at 1.1433. Let's check fundamental view of USD. The official level of unemployment for September in the USA has fallen to 3.7%, a level not seen for 49 years, since the time of the Hippies in 1969. The official unemployed figure, it must be recalled, relates to the number of people registered as unemployed and actively...