Thursday, June 15, 2017

Forex : EUR / USD: Euro Dollar grows under 1.1170 following US publications :


EUR / USD falls further on Forex following US publications.

Indeed, the 14:30 publications were globally positive today, including the Philly Fed and Empire State, which allowed a EUR / USD surge below 1.1160 to hit an intraday low of 1.1142 at the moment.

Subsequently, industrial production, which was somewhat disappointing, slowed down the downward pressure, but this is unlikely to be enough to cause a bullish turnaround.

EUR / USD therefore remains close to its intraday low and should maintain a downward pressure as long as we remain below 1.1170. The next bear targets are at 1.1108, 1.1100 and 1.1080.

On the rise, the pair goes up above 1.1170, we could have a rebound in the direction of 1.1200 at first, with resistances then following at 1.1230, 1.1250 and 1.1280.

The EUR / USD pair is currently trading at 1.1148 on Forex.
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