EUR/USD Intraday: under pressure.
Pivot: 1.0935
Our preference: short positions below 1.0935 with targets at 1.0890 & 1.0865 in extension.
Alternative scenario: above 1.0935 look for further upside with 1.0960 & 1.0980 as targets.
Comment: as long as the resistance at 1.0935 is not surpassed, the risk of the break below 1.0890 remains high.
Supports and resistances:
Level 1: 1.0980
Level 2: 1.0960
Level 3:1.0935
Level 4:1.0913 Last
Level 5:1.0890
Level 6:1.0865
Level 7:1.0840
The **EUR/USD** currency pair is currently **under pressure**. Here's what it is:
- The pair remains within a trading range, and the question is in which direction it will eventually break out.
- On Wednesday, the US dollar was up against most major pairs, except the NZD and CAD.
- key economic data
- Mortgage Application: 28 minutes at 2.0% per month Looking at the situation, the situation is -6.5% on average.
- Employment change: Up from revised 212K in July He there are 428K (around 1000K) and 1000K.
- Factory Orders: The rate exchange rate is 6.4% on average, in line with the revised June reading.
- Durable Goods Orders: The proportion is 11.4% and the proportion is 11.4% in the last reading of July. Initial reading 11.2% per month
- Beige Book: Overall economic activity increased marginally in most districts but remained below pre-Covid levels. Overall employment increased, with significant growth in the manufacturing sector, although job growth remained slow in some districts. Since the last report in July, prices have been suppressed and increased but remain modest.
- technical analysis:
- EUR/USD fell 58 pips to 1.1854 on Wednesday, making it the biggest mover of the day.
- Number of people: 1.2015 to 1.1695 to 1.1695 to 1.2015 to 1.1695 to 1.2015 to 1.1695
- RSI (Relative Strength Index) indicates a **bearish divergence**, as it is limited by a falling trend line while the pair is consolidating.
Remember that trading involves risks, and it is important to stay informed and make informed decisions based on your analysis and risk tolerance. It's true!📈📉
Date: 12/3/2024
(1) Compare EURUSD - FOREX.com https://www.forex.com/en/news-and-analyse/eurusd-under-pression-intraday/।
(2) EUR/USD Exchange rate: दबाव में | निवेश.कॉम. https://www.investing.com/analyse/forex-daily-technical-overview-200216400।
(3) EURUSD Price - 18-12-2023 https://www.economies.com/forex/eur-usd-analyse/the-eurusd-under-the-negative-pression---18-12-2023-105550 ।
4) ForexTrading Blog. https://www.orbex.com/blog/fr/2023/10/intraday-analyse-eur-stays-under-pressure.
(5) Compare EURUSD - FOREX.com https://www.forex.com/en-us/news-and-analyse/eurusd-under-pression-intraday/।
