the eur / usd pair drops below 1.1825, but can it fall?
the event was held in the euro dollar rebound to the 1.1668 1.1880, then decreased in the 1.1850.
after a short phase of consolidation between 1.1825 and 1.1850, eur / usd broke this morning in the event of major 1.1825 threshold.
this greatly weakens the upward pressure and may revive the decline.
however, the economic calendar today for us we are. in fact, we have this afternoon. the event, us cpi, retail sales and consumer confidence, three publications that we have on the forex.
when the pressure is back into the event supported by the euro gbp eur sales to buy which is now on the forex, the intraday will also depend on the direction of the publication of us this afternoon.
if we have solid statistics, eur / usd may break under the 1.1825 more decisively towards the 1.1800 and 1.1775 at first, then to the 1.1750 and area of 1.1720 / 1.1680.
the increase, a break above create upward pressure 1.1850 / 60 in the direction of the 1.1900 / 1.1920 initially. above, we have the 1.1950, then the area of the 1980 / 1.2000.
overall, a more sustained fracture in 1.1825 could give fresh impetus to the decline, but it will closely monitor the publications of this afternoon that may impact on the intraday pattern.
the eur / usd pair 1.1824 is currently on the forex.
the eur / usd graph h1
see also our.
this graph has been produced with the trading platform provided by tradingstation 2.
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