In long-term trends, we would be buyers for this pair, despite this pullback. We expect plenty of support around 1.15 handle, and next major resistive point above 1.25 handle.
EUR/USD Daily Forecast - 22 February
Euro spent yesterday's session in decline going all the way to 1.2260 level in one moment being offset by weak PMI figures and despite mixed FOMC stanzas continued its decline. However, pair found some amount of support around 1.2260 area and slightly rebounded in order to finish the session 1.2280 level. Tomorrow, we would pay attention to German Business Climate figures. Any type of supportive candles around 1.2250 and 1.2230 area would be short-term buying signal, while resistive candles above 1.2350 and 1.2380 level would be short-term selling opportunity.
- 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…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419