Long term looking euro appears to have marked failed attempt to test the monthly-high (1.1852) as it struggles to hold above the 1.1640 (23.6% expansion) to 1.1680 (50% retracement) region, with a close below the stated levels opening up the 1.1510 (38.2% expansion) hurdle, which lines up with the May-low (1.1510). Next region of interest comes in around 1.1390 (61.8% retracement) to 1.1400 (50% expansion) followed by the 1.1290 (61.8% expansion) hurdle.
EUR/USD Daily Forecast - 27 June
Euro fell in the course of the yesterday’s session going all the way to 1.1640 area around which it finished the session. Tomorrow, we would pay attention to US figures. Pair is likely to find support around 1.16 and 1.1580 area and resistance near 1.17 handle.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most…
-
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures…
-
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports…
-
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…