EUR/USD fundamental analysis for March 28, 2017
March 28, 2017 3:00 pmVideo
Latest News
- Will the euro manage to save itself? April 17, 2024
- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 16-18, 2024: buy above $62,500 (4/8 Murray – 21 SMA) April 16, 2024
- Technical Analysis – USDCAD blossoms ahead of central bank speeches April 16, 2024
- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
EUR/USD has taken out the resistance 1.08 resistance area and today retested the resistance as support and heading towards 1.0970. Today, it was a very important day for USD as Positive CB Consumer Confidence report was published at 125.6 which was forecasted to be at 113.9, US Goods Trade Balance was also positive at -64.8B which was expected to be at -66.6B and FOMC Member Kaplan is going have a speech today regarding interest rates and monetary policy, which is expected to have a major impact on USD based pairs. On the other hand, we did not have any EUR events today to affect EUR, but tomorrow we have EUR German Import Prices report which previously was at 0.9% and forecasted to be at 0.4%.
Now let us look at the technical view, the week started with a gap which is still unfulfilled by the price with any rejection. Currently the price has broken above 1.08 resistance and retested as support to climb up higher. It is expected that as the price remains above 1.08, the price will hit the 1.0970 near-term resistance before hitting the spike of 1.13.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: