Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EURUSD pares most of its gain made after Fed on dismal German PMI data, good to sell on rallies

EURUSD was trading higher after dovish Fed and jumped till 1.14482 on Mar 20th 2019. The pair pared its gain after release of French and German PMI data. German flash manufacturing PMI came at 44.7 in Feb compared to forecast of 48 and services PMI came slightly above expectations at 54.9 vs estimate of 54.8. The pair lost nearly 100 pips and hits intraday low of 1.12883 and is currently trading around 1.13069.

 

Yesterday US jobless claims and Philly Fed manufacturing data came better thane expected also supported US dollar.

 

The major support is around 1.126700 and any break below will drag the pair till 1.1230/1.1215. Any violation below 1.1215 targets 1.11760.

 

On the higher side, 1.1354 (50- day MA) and any break above will take the pair to next level till 1.1400/1.14500/1.1500. Any break above will take the EURUSD till 1.1520/1.15689.

 

It is good to sell on rallies around 1.1335-40 with SL around 1.1370 for the TP of 1.1230/1.12150.

  

  • ET PRO
  • Market Data

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

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 775183775183m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 775183775183m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 787003787003m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 775183775183m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 787003787003m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 775183775183m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 775183775183m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 775183775183m

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.