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EUR/USD will consolidate around 1.11 before reaching attack targeting levels below 1.10

Discussion in 'Technical Analysis' started by World-Signals, Aug 7, 2016.

  1. World-Signals

    World-Signals Member Trader

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    In the past week World-Signals.com saw the US dollar taking over above the Euro in the second half of the week in cause of the good data about the working places in USA.
    This week the fundamental key information about the market that can occur and have influence are from GDP in Germany and the Euro Zone in Friday and Retail Sales in the US.
    World-Signals.com expects attempt of consolidation from EUR/USD for a while at the same levels. First key support level is at 1.1045, as the test of this level will occur about 1.0960. First level of resistance will be around 1.1160 followed by 1.1233. The next event will be the US Dollar's attempt at levels 1.0960 and below.
     

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