© O Financista. EUR/USD: sellers always dominate before a busy day
Investing.com – The EUR/USD pair seems to be always dominated by the sellers, then that begins on the last day of the week, a day that will be fairly busy on the plan macroéocnomique, as have been most days this week.
Note that the pair EUR/USD had fallen sharply on Wednesday night against a meeting of the Fed’s less dovish than expected during the what Jerome Powell distinné some of the signals optimistic.
The fall then steepened yesterday, and yesterday evening, the traders continued to digest the Fed, and having commended the Dollar after data better than expected in relation to the productivity of the T1 and the orders to the industry of mars.
Today, the economic calendar will contain even more events that are potentially very influential for EUR/USD, with the Euro Zone’s CPI at 11am, the report NFP on job creation, US at 14: 30, and the ISM services 16h.
The caution is therefore required, these statistics with the potential to significantly influence the forex if the figures deviate from the consensus.
From the point of view of technical analysis, the profile downtrend is confirmed, the additional fall of yesterday have helped to break the upward trend line visible since last Friday.
In addition, the Euro-Dollar fell below its moving averages 100 and 200 hours, which have themselves sent a strong bearish signal, with the crossover of the moving average 100 hours under the moving average 200 hours.
At this stage, the next support potential is 1,1150, before the area 1,1100-15, then the threshold major psychological 1.10.
The increase, 1,12, 1,1220, 1,1260 and 1.13 are the first resistances to take into account in case of a rebound.
