Race EUR/USD
Recently in race of the European currency with US dollar, because of a news background, the leading place is taken by dollar, growth of Indexes of production activity of states, significantly consolidated currency. Today in an economic calendar the set of data, both across Europe and across the USA is observed, I consider entrances to short positions from the level of resistance 1,1200.
Main movement of the currency pair
EUR/USD pair moves in the descending trend, Tenkan and Kijun lines are bound above the price curve, the price is below the descending cloud, continuation of the descending movement is predicted. It is desirable to take selling positions below the level of resistance 1,1200, to fix profit at the levels of support 1,1150, 1,1120, 1,1100.
Alternative movement of currency pair
If pair manages to break through and get fixed above the level of resistance 1,1200 , continuation of the ascending movement to the following levels of resistance 1,1240, 1,1265 will be possible.
Level of resistance: 1,1200; 1,1240; 1,1265.
Level of supports: 1,1150; 1,1120; 1,1100.
Recently in race of the European currency with US dollar, because of a news background, the leading place is taken by dollar, growth of Indexes of production activity of states, significantly consolidated currency. Today in an economic calendar the set of data, both across Europe and across the USA is observed, I consider entrances to short positions from the level of resistance 1,1200.
Main movement of the currency pair
EUR/USD pair moves in the descending trend, Tenkan and Kijun lines are bound above the price curve, the price is below the descending cloud, continuation of the descending movement is predicted. It is desirable to take selling positions below the level of resistance 1,1200, to fix profit at the levels of support 1,1150, 1,1120, 1,1100.
Alternative movement of currency pair
If pair manages to break through and get fixed above the level of resistance 1,1200 , continuation of the ascending movement to the following levels of resistance 1,1240, 1,1265 will be possible.
Level of resistance: 1,1200; 1,1240; 1,1265.
Level of supports: 1,1150; 1,1120; 1,1100.
Recommended Content
Editors’ Picks
AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation
The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up. The pair traded at 0.6518.
EUR/USD mired near 1.0730 after choppy Thursday market session
EUR/USD whipsawed somewhat on Thursday, and the pair is heading into Friday's early session near 1.0730 after a back-and-forth session and complicated US data that vexed rate cut hopes.
Gold soars as US economic woes and inflation fears grip investors
Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States. GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the US Fed could lower borrowing costs.
Ethereum could remain inside key range as Consensys sues SEC over ETH security status
Ethereum appears to have returned to its consolidating move on Thursday, canceling rally expectations. This comes after Consensys filed a lawsuit against the US SEC and insider sources informing Reuters of the unlikelihood of a spot ETH ETF approval in May.
Bank of Japan expected to keep interest rates on hold after landmark hike
The Bank of Japan is set to leave its short-term rate target unchanged in the range between 0% and 0.1% on Friday, following the conclusion of its two-day monetary policy review meeting for April. The BoJ will announce its decision on Friday at around 3:00 GMT.