Browsing all articles tagged with German Flash Manufacturing PMI
May
23

EUR/USD D1 Technical May 23

Yesterday in late session EUR/USD got a strong pull back from 1.3000 level and dropped upt0 167 pips. Now the outlook for the pair is bearish.  Bollinger bands are also providing sell signals for the pair.

Pair is expected to move first up to 1.2880-900 level and then start falling towards southward and target its support at 1.2798 and further downward.

On the other hand. If pair manage to break 1.2950 level and H4 candle closure above this level it will then indicate change in trend and EUR/USD will then continue its uppish trend.

High impact News can change the scenario. News like  Unemployment Claims, New Home Sales, French Flash Manufacturing PMI, German Flash Manufacturing PMI, ECB President Draghi Speaks.

 

Apr
23

EUR/USD D1 Technical April 23

The outlook for the pair is bearish for today. EUR/USD will test its support at 1.2994 level. Break of support and H4 closure will provide more bearish strength to pair and EUR/USD will fall towards south and target then 1.2920 level. On the other hand, If pair hold its support level and H4 candle close above 1.3000 then it will indicate bullish strength and EUR/USD will then continue its uppish trend.

High impact News can affect the movement of EUR/USD. News like French Flash Manufacturing PMI, German Flash Manufacturing PMI,  New Home Sales.

 

Mar
21

EUR/USD D1 Technical March 21

 

Under 1.3000 level EUR/USD remain under pressure. We are expecting pair to move south and target its strong support at 1.2799 level. But price action on 1.3000 level should be carefully watch. A trendine is also held there. So if price reached to 1.3000 level and H4 candle close below 1.3000 level that it will provide pair bearish strength and pair will then move towards south. On the contrary, breakthrough of trend line will take EUR further upward and target 1.3070 level.

High impact Data’s can change the scenario of EUR/USD. Data’s like French Flash Manufacturing PMI, German Flash Manufacturing PMI,  Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index.

Feb
21

EUR/USD D1 Technical February 21

EUR/USD break its support 1.3250 level. Pair is strongly on selling now. We are expecting pair to face its next support around  1.3142 level. Bollinger bands are not providing clear signals because rate is on last Bollinger showing over sold of EUR/USD. So there can be some retracement but overall the trend is now bearish. Pair will first go up and test its resistance 1.3312 level and then continuing its southward trend.

High impact News can change the scenario. News like French Flash Manufacturing PMI, German Flash Manufacturing PMI, Spanish 10-y Bond Auction, Core CPI m/m, Unemployment Claims, Existing Home Sales and Philly Fed Manufacturing Index.

Jan
24

EUR/USD D1 Technical January 24

The trend is neutral for the pair, bollinger bands are also not providing clear signals but as long EUR/USD hold 1.3250 support level we will see some good pull back. If
pair manages to give a daily closure above 1.3403 level then pair will further moves towards north.
High impact News can affect the movement of pair. News like German Flash Manufacturing PMI and Unemployment Claims.

Oct
24

EUR/USD D1 Technical October 24

After passing through its support of 1.3015 EUR/USD dropped to its next support of 1.2950. We are still seeing bearish intact for the pair. Yesterday closure below the middle Bollinger, indicating the pair is still under pressure.
Some High impact data’s have to release which can affect the trend of EUR/USD. Data’s like French Flash Manufacturing PMI, German Flash Manufacturing PMI, ECB President Darghi speaks and FOMC Statement.