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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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December 10 23:50 UTC Released

JPBusiness Survey Index*

Actual

9.7 %

Forecast

Previous

9.4 %

December 9 01:30 UTC Released

CNPPI YY*

Actual

5.8 %

Forecast

5.9 %

Previous

6.9 %

December 11 07:00 UTC 408408m

TRCurrent Account Balance*

Actual

Forecast

Previous

-4.527 Bln USD

December 11 09:00 UTC 528528m

ITRetail Sales SA MM

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Forecast

Previous

0.9 %

December 11 09:00 UTC 528528m

ITRetail Sales NSA YY

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Forecast

Previous

3.4 %

December 11 11:30 UTC 678678m

TREndYear CPI Fcst/Cb Svy*

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Forecast

Previous

10.68 %

December 11 15:00 UTC 888888m

USEmployment Trends*

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Forecast

Previous

135.6 tln

December 11 15:00 UTC 888888m

USJOLTS Job Openings*

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Forecast

Previous

6.093 Mln

December 11 21:00 UTC 12481248m

KRExport Price Growth YY*

Actual

Forecast

Previous

8 %

December 11 21:00 UTC 12481248m

KRImport Price Growth YY*

Actual

Forecast

Previous

6.8 %

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