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FxWirePro: EUR/USD Trade idea

  • Candle stick pattern- Shooting Star.
     
  • EUR/USD hits high 1.20813 yesterday which his almost near to 2017 high of 1.20920. The pair has shown a minor sell-off till 1.20110 from that high. The market awaits major releases US ISM and Fed minutes meeting today for further direction.
     
  • The pair jumped yesterday on account of better than expected Eurozone PMI data. Technically, near term is around 1.1999 (20- 4H MA) and any break below will drag the pair down till 1.1970 (4H Kijun-Sen)/1.1930 (55- 4H EMA).Minor weakness can be seen only below 1.1800.
     
  • On the higher side, near term resistance is around 1.20920 and any break below will take the pair till 1.2112 (161.8% fib)/1.21850/1.2297 (138.2% fib).             

It is good to sell on rallies around 1.2045-50 with SL around 1.2095 for the TP of 1.1970/1.1945.

Resistance
 

R1- 1.2090
 

R2 -1.2115
 

R3-1.2185
 

Support               
 

S1-1.2000
 

S2- 1.1970
 

S3-1.1940

 

 

 

 

 

 

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April 19 14:30 UTC Released

USNat Gas, Change Bcf

Actual

-36 Cubic feet

Forecast

-23 Cubic feet

Previous

-19 Cubic feet

April 19 14:00 UTC Released

USLeading Index Chg MM

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0.3 %

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0.3 %

Previous

0.6 %

January 31 00:00 UTC 113367113367m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 113367113367m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 125187125187m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 113367113367m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 125187125187m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 113367113367m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 113367113367m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 113367113367m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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