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FxWirePro: EUR/USD faces strong resistance at 61.8% fibo, good to sell below 1.07390

  • EURUSD broke above 1.0750 and hits three week high in today European session amid a solid jump in the German bund yields. The pair hits 1.07750 at the time of writing and is currently trading around 1.07449.
     
  • The minor support for the day is around 1.0739 (hourly Kijun-Sen ) and any violation below will drag the  pair down till 1.06965 (23.6% retracement of 1.0775 and 1.0594)/1.06400 (200- HMA). The near term resistance is at 61.8% fibo (1.0775) and any indicative break above will take the pair till 1.08288/1.08735/1.09058 (Mar 27th high).Minor weakness can be seen only below 1.07390.
     
  • In the hourly chart EURUSD has formed bearish divergence in the RSI and MACD. So a mild dip till 1.06500 likley.

    It is good to sell below 1.07390 with SL around 1.07800 for the TP of 1.06800/1.06450.

 

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Fintech Week Chicago

April 28 06:00 UTC Released

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Actual

4.95 %

Forecast

Previous

5.26 %

April 28 06:00 UTC Released

ZAM3 Money Supply YY*

Actual

5.62 %

Forecast

Previous

6.63 %

April 28 06:45 UTC 2222m

FRPvt Sector Credit Ext.*

Actual

Forecast

1.4 %

Previous

1.4 %

April 28 06:45 UTC 2222m

TRCPI (EU Norm) Prelim YY

Actual

Forecast

1.4 %

Previous

1.4 %

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TRProducer Prices MM

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Forecast

Previous

-0.2 %

April 28 06:45 UTC 2222m

FRConsumer Spending MM

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Forecast

0.5 %

Previous

-0.8 %

April 28 06:45 UTC 2222m

FRProducer Prices MM

Actual

Forecast

Previous

-0.2 %

April 28 07:00 UTC 3737m

TRCPI (EU Norm) Prelim YY

Actual

Forecast

Previous

-3.69 %

April 28 07:30 UTC 6767m

TRProducer Prices MM

Actual

Forecast

Previous

8.00 %

April 28 07:30 UTC 6767m

EZInfl Fcast Curr Yr*

Actual

Forecast

Previous

8.00 %

Fintech Week Chicago
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