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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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August 23 15:30 UTC Released

BRForeign Exchange Flows*

Actual

3.435 Bln USD

Forecast

Previous

2.528 Bln USD

August 23 14:00 UTC Released

USNew Home Sales Chg MM*

Actual

-9.4 %

Forecast

0.3 %

Previous

0.8 %

August 23 23:50 UTC 486486m

JPForeign Bond Investment

Actual

Forecast

Previous

-145.5 bln JPY

August 23 23:50 UTC 486486m

JPForeign Invest JP Stock

Actual

Forecast

Previous

-302.5 bln JPY

August 24 00:00 UTC 496496m

ARTrade Balance*

Actual

Forecast

-495 mln $

Previous

-748 mln $

August 24 06:45 UTC 901901m

FRBusiness Climate

Actual

Forecast

108 %

Previous

109 %

August 24 08:30 UTC 10061006m

GBGDP 2nd Release QQ

Actual

Forecast

0.3 %

Previous

0.3 %

August 24 08:30 UTC 10061006m

GBGDP 2nd Release YY

Actual

Forecast

1.7 %

Previous

1.7 %

August 24 08:30 UTC 10061006m

GBBusiness Invest QQ Prelim

Actual

Forecast

0.4 %

Previous

0.6 %

August 24 08:30 UTC 10061006m

GBBusiness Invest YY Prelim

Actual

Forecast

0.5 %

Previous

0.7 %

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