Browsing all articles tagged with German Ifo Business Climate
Jun
24

EUR/USD D1 Technical June 24

EUR/USD is under pressure. Bollinger bands are providing sell signals for the pair. Below 1.3170 level pair will remain in bearish trend. The expected target for the EUR is 1.3015 level.

But there can be two scenario. First, If EUR/USD manage to break through 1.3170 level and H4 candle closure above resistance then pair will further move upward. Secondly,  If pair get a pull back from resistance zone and H4 candle closure below 1.3170 then it will provide a valid sell entry point targeting towards support 1.3015 level.

High impact News can change the scenario. News like German Ifo Business Climate.

 

Apr
24

EUR/USD D1 Technical April 24

The outlook for EUR/USD is bearish for today. Bollinger bands are also providing sell signals for the pair. Today EUR/USD will test its support at 1.2950 level. If EUR/USD manage to break this level and H4 candle closure below 1.2950 level then it will show more bearish potential and EUR/USD will then fall towards south and target 1.2900 level.

On the other hand. If pair manage to overcome its physical level and H4 candle closure above 1.3000 level then EUR/USD will start moving upward and target 1.3070 level. Break of 1.3070 level will further allow pair to move northward and target 1.3140 level respectively.

High impact News of EUR can affect the move of pair. News like German Ifo Business Climate.

 

Jan
25

EUR/USD D1 Technical January 25

The pair is in bullish mood today, the next target for the pair is 1.3490 level. But price action on 1.3400 level should be watch carefully, If H4 candle close above 1.3400, pair will then further move towards north.
High impact Data’s can affect the trend of pair. Data’s like German Ifo Business Climate and New Home Sales.

Dec
19

EUR/USD D1 Technical December 19

Yesterday session EUR/USD manages to break 1.3195 resistance level and move upward. The structure is still bullish, but as rate is on top of Bollinger so pair can come down for retracement. Bollinger bands are tightening due to overbought of pair.

Later on high impact News can affect the pair. News like German Ifo Business Climate and Building Permits.

Nov
23

EUR/USD D1 Technical November 23

In Asian session EUR/USD got more bullish and target 1.2900  level, due to positive News of German Ifo Business Climate. Today it will face resistance at 1.2930 today.If H4 candle close below 1.2910 level, it will indicate bearish trend for the pair. On other hand break of 1.2930 will allow the pair to move northward.