Ahead of the highly-anticipated US July inflation report, The USD dollar is looking for demand and EURO USD is ready to breach the long waited resistance.
EURUSD has formed a symmetrical triangle on 4h Charts, in addition to a price action that builds up toward the long waited resistance - 1.0240 (Fibonacci 38.2% retracement of the latest downtrend), it is obvious now that the pair is about to break out of its range and could use a big push from a weak CPI print, to rise above that level and target at least 1.0370 (Fibonacci 61.8% retracement.
Stoploss for this breaking below 1.0200 , which means the dollar gained strength from the inflation report.
EURUSD has formed a symmetrical triangle on 4h Charts, in addition to a price action that builds up toward the long waited resistance - 1.0240 (Fibonacci 38.2% retracement of the latest downtrend), it is obvious now that the pair is about to break out of its range and could use a big push from a weak CPI print, to rise above that level and target at least 1.0370 (Fibonacci 61.8% retracement.
Stoploss for this breaking below 1.0200 , which means the dollar gained strength from the inflation report.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.