Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

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.
  • ET PRO
  • Market Data

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

February 20 09:00 UTC Released

GRCbank C/A YY

Actual

-1.241 0

Forecast

Previous

-0.954 0

February 20 09:00 UTC Released

PLRetail Sales YY

Actual

8.2 0

Forecast

7.3 0

Previous

6 0

January 31 00:00 UTC 2940029400m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 2940029400m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 4122041220m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 2940029400m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 4122041220m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 2940029400m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 2940029400m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 2940029400m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

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