EUR/USD Technical Analysis:Bullish Rebound From the1.1240/60

30 avr. 2019

News:-
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#One thing is that most of the members say that after the second quarter, the economic growth will revolt. In the second half of the second half of the second half of 2014, growth will increase in the second half of June-July. As soon as we enter the EuroBo mode, it will not be possible to enter the beginning of June or enter the last week of May.
#Today the election in the Spanish parliament is going on. The market will start with a few gaps on Monday.
#There are several market movers data on 30th. Spain's GDP, CPI, Germany's Perleim CPI. Eurozone has several market-related data including Perlim GDP, Perlim GDP of Italy and ParelM CPI. There is no doubt that the 30-year-old Euro will be quite volatile. And Majharat reports are doing the past as well, otherwise they have better expectations than before. If reports come true, then it will be true for the ECB members that the second half of 2019 will revolt. At the same time, reports will also confirm that TLTRO has started receiving benefits. Mario Longowio, but he said this in his last speech. But in the future, market will give concrete farming to many of us, the authenticity of the members of the Oriental ecb and the benefits of TLTRO. And can take the euro long time to enter the mode? So, take a decision on these reports. And on Friday 3rd Friday the Eurozone CPI and Core CPI will be released, and both of these reports have expected better than before. So euro-bait is still not ready to do. Fundamental Negative Euro So far.
#There are immidiate ratios from the current rate of 1.1200 area. 1.1200 area breaks the next target 1.1290 area. It does not seem to be able to drag more market before June even though the reports of the dropler are unexpectedly bad. Which is not possible It will not be too much of a side target. Until June.
#On the other hand, there are major support at the current rate of 1.1113 / 1.1110 area. The low rate for the 17-17 sala was 1.1113 area. 1.1100 / 1.1110 Area Clear Break Out Next Destination 1.1000 Area This area can go all the way next month. Although there are many market mug data in the coming months. Still can think of 1.1100 bye-bye. Still seeing the report.

Technical View :
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There seems to be little in the way to 1.1240/60 resistances. EURUSD Sell level 1.1265/1.1300 Area.
The EUR/USD pair is pressuring a daily high of 1.1228 and seems ready to extend its advance. It has surpassed the 50% retracement of its latest daily decline, with the 61.8% retracement of the same slide providing an immediate resistance around 1.1240. In the 4 hours chart, the 100 SMA converges with the Fibonacci resistance, while the 20 SMA turned higher below the current level. Technical indicators continue advancing firmly within positive levels, now nearing overbought territory, although with no signs of exhaustion. Failure at around 1.1240 should be a big warning for bulls.

Support levels: 1.1190 1.1155 1.1110

Resistance levels: 1.1245 1.1280 1.1310
Daily SMA100 1.1336
Daily SMA200 1.1424
Previous Weekly High 1.1264
Previous Weekly Low 1.1111
Previous Monthly High 1.1448
Previous Monthly Low 1.1176
Daily Fibonacci 38.2% 1.1172
Daily Fibonacci 61.8% 1.1161

Fundamental Overview:
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The EUR/USD pair advanced past 1.1200, as dollar's selling intensified ahead of the US Federal Reserve announcement on monetary policy this Wednesday, also backed by upward surprises in European data. The German GFK Consumer Confidence Survey for May came in unchanged at 10.4, but the preliminary estimate of EU Q1 GDP printed 0.4%, better than the 0.3% expected and above the previous 0.2%, giving signs that the economic slowdown may have receded. German preliminary April inflation was quite strong, up by 2.1% YoY, when harmonized with EU.

The US released Q1 Employment Cost Index, which remained steady at 0.7%. Pending of release are the CB Consumer Confidence Index, and Pending Home Sales. Meanwhile, US equities are poised to open sharply up, skewing the risk in favor of the EUR when it comes to the EUR/USD pair.

1 mai 2019

Note

FOMC: Solid growth vs weak inflation calls for more patience – Standard Chartered

1 mai 2019

Note

US stocks are higher since the report:
S&P is up 6.23 points or 0.22%
Nasdaq is up 44 points or 0.54%
Dow is up 64 points or 0.25%

IN the US debt market, yields are lower

2 year 2.217%, -4.8 bps
10 year 2.469%, -3.2 bps
30 year 2.897%, -3.2 bps

1 mai 2019

Trade fermée: cible de profit atteinte

Eurusd sell order 1.1260 active and Closed order 1.1195 Total profit 65 pips.

3 mai 2019

Note

**Earning is expected more than ever, it does not look good either way. Very rarely, Arnig and NFP two come together better.
**Erning is a good hope because NFP will drop earlier than expected. If the Fed rate is in incremental mode, then the Arnie Impertant becomes more than NFP. But the Fed is not in the rate raising mode. So NFP will respond to the market.
**In this case, the dollar index quarantine resistance is more than the number of people to dropping again.

3 mai 2019

Note

The Eurozone Influence Grow. Dollar Indexes will go to Correction on NFP only.