something interesting

<  BACK TO Market Analysis

PIG TODAY-EUR/USD keeps range around 1.1200 ahead of PMIs

Having failed to resist above 1.12 handle in the Asian session, the EUR/USD pair continues to waver in a tight range near the last, as markets eagerly await fresh macro updates from the Eurozone after a fairly quiet EUR calendar this week.

EUR/USD awaits EZ PMI

Currently, EUR/USD trades -0.07% lower at 1.1198, hovering within a striking distance of session lows struck at 1.1194 in the last hour. The main currency pair extends its corrective slide from the previous session and now looks vulnerable amid broad based US dollar recovery.

Further, markets expect the Eurozone flash services and manufacturing PMI reports to come in weaker, and hence, the euro remains under pressure heading into early Europe. The US calendar holds no macro releases and therefore, the Fed speaks and US GDP data due next week remain on top of the investors’ mind.

EUR/USD Technical Levels

In terms of technicals, the pair finds the immediate resistance 1.1256 (Sept 16 high). A break beyond the last, doors will open for a test of 1.1286 (Sept 15 high) and from there to 1.1300 (round figure). On the flip side, the immediate support is placed at 1.1145 (static support) below which 1.1119 (Sept 21 low) and 1.1095 (daily S3) could be tested.

  • R3  
  • R2  
  • R1  
  • PP  
  • S1  
  • S2  
  • S3 Source: fxstreet.com
  • Having failed to resist above 1.12 handle in the Asian session, the EUR/USD pair continues to waver in a tight range near the last, as markets eagerly await fresh macro updates from the Eurozone after a fairly quiet EUR calendar this week.

    EUR/USD awaits EZ PMI

    Currently, EUR/USD trades -0.07% lower at 1.1198, hovering within a striking distance of session lows struck at 1.1194 in the last hour. The main currency pair extends its corrective slide from the previous session and now looks vulnerable amid broad based US dollar recovery.

    Further, markets expect the Eurozone flash services and manufacturing PMI reports to come in weaker, and hence, the euro remains under pressure heading into early Europe. The US calendar holds no macro releases and therefore, the Fed speaks and US GDP data due next week remain on top of the investors’ mind.

    EUR/USD Technical Levels

    In terms of technicals, the pair finds the immediate resistance 1.1256 (Sept 16 high). A break beyond the last, doors will open for a test of 1.1286 (Sept 15 high) and from there to 1.1300 (round figure). On the flip side, the immediate support is placed at 1.1145 (static support) below which 1.1119 (Sept 21 low) and 1.1095 (daily S3) could be tested.

  • R3  
  • R2  
  • R1  
  • PP  
  • S1  
  • S2  
  • S3 Source: fxstreet.com
  • lastest Articles

    Market Analysis
    Gold Futures: Still room for extra gains
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Forecast: Further consolidation looks likely ahead of Fed speakers
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: US dollar sags amid fiscal overhang, mounting coronavirus risks
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead – No ease up for Powell
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    BOE Quick Analysis: Bailey blasts sterling with specter of negative rates, why more falls are likely
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    ECB’s De Guindos: Euro exchange rate is fundamental for inflation
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Fed drives dollar higher, gold and stocks lower, BOE, jobless claims eyed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold aims $1980 as focus shifts to Wednesday’s FOMC
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD to surge to 1.40 by September-2021 – UBS
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Upbeat Chinese data boosts mood, Boris' bill passes first hurdle, Gold shines
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead – More stimulus on the way?
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    ECB's Lane: Euro's rise dampens inflation outlook
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: King dollar holds the rein amid cautious optimism, eyes on US CPI
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Forecast: Euro set to fall? ECB expectations may be overconfident
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Brexit in deep crisis, vaccine hopes resurface, all eyes on the ECB
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Brent Oil resumes its core bear trend
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    ECB’s Muller: A timely exit from temporary emergency measures is important
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Vaccine trial halt exacerbates risk off mood, Brexit, BOC, and US fiscal talks eyed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold Price Analysis: XAU/USD drops further and approaches $1,900/oz
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Bitcoin Price Update: BTC bulls ready to strike back once $11,000 is cleared
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Hard-Brexit fears pound the Pound, Dollar bid on US-Sino woes
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD risks deeper pullback as 1.20 peak looks far
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold Price Analysis: Downside appears more compelling while below $1946 – Confluence Detector
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Dollar stabilizes in the NFP aftermath, Oil tumbles amid holiday-thinned trading
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead - Trump Closing the Gap
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Nonfarm Payrolls Preview: Fed’s policy shift to introduce vital noise
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold rebounds from weekly lows, turns neutral around $1945 region
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD trims losses and regains 1.1850 post-US ISM
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Fed's Williams: Policymakers seek inflation that targets 2% over time
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Bitcoin Cash Market Update: BCH fork is inevitable as Bitcoin ABC team separates from the project
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Dollar climbs back from the abyss, ADP NFP, Fed speakers awaited
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead – Bring on the Jobs Report
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead – Jackson Hole Goes Virtual
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead - The focus remains on COVID-19, the Fed and Congress
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Gold up, dollar down amid stalled fiscal talks, vaccine hopes, ahead of jobless claims
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead- Is the economic recovery stalling?
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Dollar licking its wounds, gold gives ground, ahead of the all-important Fed decision
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead – What more can the Fed do?
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Bitcoin Market Update: BTC/USD hits a pause button before another bullish assault
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Price Analysis: Potential correction ahead of further gains
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: China's payback weighs on markets, boosts dollar, PMIs, coronavirus figures eyed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD: Technicals show bulls have the upper hand
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold: Correction in sight after reaching nine-year highs
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Dollar licking its wounds, gold shines, US coronavirus cases eyed after Trump's U-turn
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold jumps to fresh multi-year tops, beyond $1820 level
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: EUR/USD sells the fact, Gold looking strong, Trump's coronavirus briefs make comeback
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Bitcoin Market Update: BTC fails to live up to the status of digital gold
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    S&P 500 Futures Price Analysis: Bears retain control after rejection at falling trendline resistance
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: EU leaders can’t reach an agreement on the EU rescue fund
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead – Focus remains on Virus Spread, Fiscal Stimulus, Rebounding data, and Earnings
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD continues to look at the 1.1495 March high
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    AUD/USD to remain resilient in the near-term
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Dollar dominates ahead of EU Summit, updated look at the US consumer amid rising cases
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold probes multi-day lows around $1,790/oz
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Price Analysis: A test of 1.1420 appears closer
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: US dollar seizes control as risk aversion returns, a busy docket ahead
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold to stay above $1800 fueled by lower real rates
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    ECB expected to keep rates unchanged
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Vaccine, earnings optimism downs the dollar; eyes on COVID-19 stats, BOE’s Bailey
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead – Bring on Earnings Season
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Crude Oil Futures: Upside looks limited
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    ECB’s Lagarde: Economic recovery would be constrained, uncertain and fragmented
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Gold eyeing $1,800, dollar mixed, as coronavirus, Hong Kong peg move markets
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold Price Analysis: Holds steady above $1775 level, bullish bias remains
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    BOJ to project economic recovery in report next week – Reuters
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Chinese optimism downs dollar as investors ignore US coronavirus, data eyed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead – Economic Reopening Continues
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Stocks' strength, dollar downing face Non-Farm Payrolls test as Trump endorses masks
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    BoE's Haskel: Activity appears to be coming back faster than anticipated
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Company News
    GBP Bank Account
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Gold shines, markets look for direction after a successful Q2, ahead of busy start to Q3
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold eases below $1770 level, downside seems limited
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD: Europe fights coronavirus and stuns the dollar
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Markets attempt to shrug off grim coronavirus developments
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead – Jitters Continue into Busy Week
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    US Dollar Index clings to gains near 97.50 ahead of data
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    ECB’s Lagarde: Economic recovery will be a complicated matter
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold sticks to the positive outlook
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Price Analysis: Focus now shifted to 1.1170
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Dollar dominates, gold shines as coronavirus rages in the US, triple data release eyed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD Price Analysis: Rising bets for a test of 1.1400 and beyond
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    EUR/USD recedes from tops above 1.1300
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold: Falling US Real Yields fuels bull trend towards new highs at $1921 – Credit Suisse
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Risk rides the Navarro rollercoaster, Eurozone/ UK PMIs, virus stats in focus
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    BoE is seen increasing further the size of QE – UOB
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Risk-recovery back in play, US dollar recedes with second-wave virus fears
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead – Markets play tug-of-war with Covid-19 concerns and reopening momentum
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Coronavirus, weak data outweigh reopening optimism, BOE, jobless claims eyed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    ECB's de Guindos: Better if EU aid is distributed via grants rather than loans
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold Price Analysis: XAU/USD slumps toward $1,710 on improving risk sentiment
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Dollar up as health, geopolitics replace consumer optimism, Powell, COVID-19 data eyed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Gold clings to modest daily gains, around $1730 area
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Double stimulus talk downs dollar ahead of Powell's power-play, US retail sales
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Coronavirus concerns trigger dollar domination, commodity currencies climb down
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Week Ahead – Market Recovery Under Threat?
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Houston, we have a problem, US coronavirus, Fed gloom, crash markets, consumers eyed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Obsessed
    Killing Hope ( Before it Kills You )
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Euro Fails at Resistance as Federal Reserve Expands Lending Program
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    Forex Today: Can the dollar lick its wounds? Fed speculation, geopolitics, and data eyed
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
    Market Analysis
    GBP/USD: Brexit, coronavirus and protests to pressure the pound
    https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613