Thursday, June 29, 2017

EUR / USD: Euro Dollar tries to stay above 1.14 while waiting for the statistics this afternoon :





The EUR / USD pair tested the 1.1400 support on the Forex after touching a high of 1.1334 this morning.

Indeed, the rally continued this morning towards 1.1334, but finds difficulties to extend further after a solid rise during the last two sessions.

Traders are now awaiting statistics this afternoon, including Germany's CPI, US GDP in Q1 and weekly US unemployment entries.

While the trend remains highly dependent on monetary policy expectations, these statistics could have an intraday impact, especially in the current hesitant position of the pair.

EUR / USD hesitates between a correction following the major rally, or a continuation of the rise. A surprise in upcoming publications could help the pair choose a direction.

The resistances are at 1.1435, 1.1450 and 1.1500.

The supports come at 1.1400 and 1.1385. A break below this threshold could encourage a deeper correction with thresholds that follow at 1.1350, 1.1330 and 1.1300.
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