Support/Resistance: 1.2330 - 1.2490
The dollar recovery against the Euro for a short time after yesterday reports for CPI and Retail Sales.
But it was temporary and the dollar losses continue few hours after the key U.S. data. For today the key events are at 8:30 AM Eastern Time is Initial Claims, Continuing Claims, PPI, Core PPI, Empire Manufacturing and Philadelphia Fed. Later at 9:15 AM ET expects Industrial Production and Capacity Utilization.
The fundamental events from United States may push the dollar losses higher.
World-Signals.com trading strategy today is to continue with long EURUSD position or open long at any correction down. We expect to see levels close or above the key resistance at 1.2490.
You should be aware of the risks involved in the foreign exchange (FX) market. The material contained here must be used at your own risk. Said material is believed to be reliable, but neither www.World-Signals.com, nor any of its employees guarantee its accuracy or validity, nor are they responsible for any errors or omissions, which may have occurred. The forex, stock, gold and crude oil signals, analysis, and recommendations made by www.World-Signals.com, and any of its employees do not provide, imply, or otherwise constitute a guarantee of performance. All contents, signals, analysis and recommendations are based on data and sources believed to be reliable, but accuracy and completeness cannot be guaranteed. It should not be assumed that future results will be profitable or will equal past performance, real, indicated or implied. Past performance is not indicative of future performance. The World-Signals website and material contained therein is not a solicitation to participate in the FX market. You understand and agree that World-Signals shall not be liable for any direct, indirect, incidental, special, or consequential damages, including but not limited to, damages for loss or profits, goodwill, use, data or other intangible losses. You agree not to reproduce, duplicate, copy, sell, resell or exploit for any commercial purposes, any portion of our services, or access to our services.