© O Financista. EUR/USD, Euro-Dollar
EUR/USD falls again on Friday morning, breaking the support of 1.1650 with a new low of 1.1628 for the moment.
As is often the case in recent weeks, the last few movements of EUR/USD are mainly due to movements in the Dollar. The acceleration to the downside this morning on EUR/USD corresponds, for example, specifically to a rebound in the US Dollar Index.
Recall that yesterday, the Dollar had fallen in the face of a CPI US for the month of June but in line with expectations, attracting buyers on dips, which has led to a rebound in the greenback.
The fact that the buyers have quickly responded to this on the hollows of yesterday means that the dynamic remains positive on the Dollar, which could see today a 5th session in a row of increase, which would penalize the EUR/USD.
From a graphical point of view, the break under the support of the 1.1640-50 this morning exposes the psychological threshold of 1.16 which is the next support credible in the vicinity of current prices.
Further down, other potential supporters can be spotted at 1.1570, 1.1550, 1.1525-30 and 1.1500-10.
Has the upside, the former support of the 1.1640-50 will act as a resistance for immediate, before 1.1690-1.17, which is also moving average 200 hours.
Finally, as regards the economic calendar, traders will need to watch this Friday, the indices of the import price, and export to US at 14: 30, as well as the consumer confidence index from the University of Michigan, at 16h.
