EURUSD Euro retreats before ECB meeting

EUR / USD: Euro retreats before the ECB meeting

Current trend

Yesterday, the US dollar
I played the part of the losses incurred earlier in the week. The US currency
strengthened even on the background of the publication is not the most favorable macroeconomic
US statistics. Partly affected by the forthcoming meeting of the ECB, which
today expect a lot.

In August, the number of
employment in the US increased from 177 to 190 thousand, but the actual data were
slightly worse than expected to overcome the important level of 200 thousand.
Disappointed and dynamics of production orders. In July, the index increased
only 0.4% for the expected increase of 0.9%.

Support and resistance levels

middle line
indicator “Bollinger Bands” on the daily chart is moderately growing; price
It narrows the range is active. MACD is reduced, while maintaining a weak sell signal. Stochastics
He left the oversold zone and is going to continue to grow.

to wait for a clear trading recommendations.

Support levels:
1.1200, 1.1153 (local low of August 28), 1.1100, 1.1035, 1.1000
(Psychologically important level), 1.0970, 1.0900, 1 .0847 (a minimum of 5 of August).

Resistance Levels:
1.1245, 1.1300, 1.1360, 1.1400, 1.1500, 1.1560, 1.1621, 1.1713 (a maximum of 24
in August).

trading recommendations

at the turn
pair near current levels, for example, 1.1200, to open long positions with
targets 1.1300, 1.1360, 1.1400 and stop-loss at the level of 1.1100.

In the breakdown level
1.1200 down to open short positions with the targets 1.1100, 1.1000 and stop loss
around 1.1300.

EURUSD Euro retreats before ECB meeting

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