Tuesday, June 27, 2017

EUR / USD: Volatility has risen sharply yesterday, the point on significant thresholds before another busy day :


The EUR / USD posted a sharp rise in volatility yesterday, with a fall in the morning, followed by a rebound and then a relapse. It should be remembered that after a European session close to 1.12, the EUR / USD had fallen to a low at 1.1172, before rising to 1.1219 and finally falling again to mark new lows in the 1.1175 support zone.

The morning fall was due to a strengthening of the Dollar, which then faded in the afternoon in the face of the negative surprise of US durable goods orders significantly less than expected, to find itself back favored later.

From a graphic point of view, yesterday's movements made it possible to test the zone of resistance of the 1.1210, although the pair is quickly passed back under this threshold. On the downside, the movements of yesterday also confirmed a support around 1.1175.

In the event of continuing upward and new highs, the next major hurdle will be 1.1225, before 1.1250, 1.1280 and 1.13.

On the downside, we find under 1.1175 another important support on 1.1165, before 1.1140, 1.1118 and 1.1100-09.

Finally, with regard to the economic calendar of the day, traders will wait for a speech from Draghi at 10 am, then US consumer confidence at 4 pm, and a Yellen speech at 7 pm.

Currently, the EUR / USD is trading around 1.1190 on the Forex.

Chart EUR / USD H1
 

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