Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

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

 

 

 

 

 

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

January 19 15:30 UTC Released

USECRI Weekly Annualized

Actual

4.5 %

Forecast

Previous

3.3 %

January 19 15:30 UTC Released

USECRI Weekly Index

Actual

150.3 %

Forecast

Previous

147.6 %

January 21 21:00 UTC 265265m

KRPPI Growth YY

Actual

Forecast

Previous

3.1 %

January 21 21:00 UTC 265265m

KRPPI Growth

Actual

Forecast

Previous

-0.1 %

January 21 23:00 UTC 385385m

JPReuters Tankan DI

Actual

Forecast

Previous

27 k

January 22 07:00 UTC 865865m

NOIndus Confidence

Actual

Forecast

Previous

2 0

January 22 08:00 UTC 925925m

TWJobless Rate

Actual

Forecast

Previous

3.69 0

January 22 08:00 UTC 925925m

TWExport Orders YY

Actual

Forecast

Previous

11.6 0

January 22 09:00 UTC 985985m

GRCbank C/A YY

Actual

Forecast

Previous

-0.624 0

January 22 13:30 UTC 12551255m

USNational Activity Index

Actual

Forecast

Previous

0.15 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.