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FxWirePro: EUR/USD faces resistance at 61.8% fibo, good to sell on rallies

  • EUR/USD dropped against dollar yesterday after news of terrorist attack in Paris, ahead of Presidential election this Sunday. Euro declined after hitting the high of 1.07720 level. It is currently trading around 1.07053.
     
  • The supply zone is at 1.07775 (61.8% retracement of 1.09058 and 1.05694) and any violation above will take the pair till 1.08288/1.08735. Short tern bearish invalidation only above 1.09058.
     
  • On the lower side, pschycological support and 100 -EMA stands at 1.0700 and any break below targets 1.06455 (61.8% retracement of 1.05694 and 1.0777)/1.06000.
     
  • Markets await first round of French presidential election result for further direction.

    It is good to sell on rallies around 1.0705-1.0710 with SL around 1.07775 for the TP of 1.06450/1.0600/1.05695.
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April 28 21:00 UTC Released

MXFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 28 21:00 UTC Released

CNFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 30 01:00 UTC 9393m

CNNBS Non-Mfg PMI*

Actual

Forecast

Previous

55.10 %

April 30 01:00 UTC 9393m

CNNBS Manufacturing PMI*

Actual

Forecast

51.6 bln $

Previous

51.8 bln $

April 30 23:30 UTC 14431443m

AUAIG Manufacturing Index

Actual

Forecast

Previous

57.5 %

May 1 00:00 UTC 14731473m

KRExport Growth Prelim*

Actual

Forecast

15.3 %

Previous

13.6 %

May 1 00:00 UTC 14731473m

KRImport Growth Prelim*

Actual

Forecast

21.0 %

Previous

27.7 %

May 1 00:00 UTC 14731473m

KRTrade Balance Prelim*

Actual

Forecast

Previous

6.27 bln $

May 1 00:30 UTC 15031503m

USNikkei Mfg PMI

Actual

Forecast

Previous

52.8 %

May 1 00:30 UTC 15031503m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.8 bln $

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