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Main » 2018 » August » 8 » The euro dollar technical outlook EUR / USD today 08/08/2018: The euro - the first significant resistance 1.1665
The euro dollar technical outlook EUR / USD today 08/08/2018: The euro - the first significant resistance 1.1665


Results of the last trading day EUR / USD:

Despite the trade tensions between the US and China, EURUSD closed trading Tuesday growth. The dollar index corrected from 95.36 to 94.99.

He was under pressure from the European session and fell with increasing yields on 10-year US bonds. I think that it was a technical rebound against the background of an empty economic calendar. Today, the calendar is also empty. In Asia, the dollar index continues to be adjusted.



Planned statistics (GMT +3):

At 8:05 am The speech of the RBA's Lowe. Will have an impact on the Aussie, but he other pair.    

At 15:30 Canada will release data on changes in the volume of building permits issued in June.

At 17:30 US Department of Energy will present weekly data on changes in stocks of oil.

At 23:00 RBNZ will announce the interest rate decision and accompanying statement will control and report on monetary policy. Will influence the pair with Kiwi.

At 01:00 on Thursday held a press conference the RBNZ.


Fig. 1 hourly chart of EUR / USD


Current Situation pair EUR / USD:

According to yesterday's day expectations were completely justified. Growth was held back 67 degrees. Price below it was 14 hours. In Asia, customers of his past. The euro is worth 1.1618 against the session high 1.1620.


The economic calendar is empty. Of significant events - the RBNZ meeting. The meeting runs late, so the euro it will have no impact. Until 1.1665 all free. 112-th degree will make a strong resistance. His achievements are waiting for the European session on Thursday.

If you paid attention, then mount the euro to 1.1665 forward in the form of two triples. At the moment, nothing prevents buyers to move north. Crosses with the euro is trading in positive territory. With this formation the price should move straight up. Support runs through 1.1592. Exit price from the channel cancels the scenario on growth.

Trump Administration will impose a 25% loan participation rates of $ 16 billion.. On Chinese imports, starting from 23 August. The White House said that the rates are a response to China's unfair trade practices relating to the forced transfer of American technology and Intellectual Property. As we see a trade war to anything good has not resulted. When escalating trade conflict, market participants get out of risky assets. Therefore, the growth of the euro pairs / dollar may end at any time. If buyers now reached the level of 1.1660 / 65, I do not mind.


Forex forecast EURUSD Vladislav Aton Alpari


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