© O Financista. Indecision dominates the EUR/USD before a busy week
Investing.com – The pair EUR/USD starts the new week with so much hesitation that it has completed the previous one, after a weekend of poor news, with no important information in respect of the Brexit, or the trade discussions China-USA, two subjects that he will need to continue to monitor closely this week.
Outside of these two major topics, several key events will be expected in the economic calendar in the course of sprochains days, including the ECB meeting and the Minutes of the Fed Wednesday.
However, to start the week, this Monday will be very quiet. After the figures of the trade balance German this morning who had not been influenced by the Euro, although better than expected, traders will no longer have the orders to US industry to be put in the tooth, at 14: 30.
From a graphical point of view, several elements confirm the uncertain context, with, in particular, a triangle is clearly visible in the hourly data.
Moving averages 100 and 200 hours, without direction and with a gap is reducing, also indicate the indecision of investors.
For the moment, it will suffice, therefore, to monitor the important thresholds close to current prices. The increase, the terminal high of the triangle and the moving average 200 hours to form a first resistance towards 1.1230-35, prior to 1.1250, 1.1280, 1.13, 1.1330 and 1.1360.
In case of a decrease, first support to watch lies at 1.1200-10 (psychological threshold and lower bound of the triangle), before 1.1185 (low of last week) and 1.1175 (hollow annual 2019).