šFundamental Analysis
The USD rose after June retail sales beat expectations and initial jobless claims fell to 221,000. However, the USD's gains were limited as US stocks rebounded late in the session.
On Friday morning, US stock index futures rose 0.2%, indicating that risk sentiment remains dominant. If this trend continues, EUR/USD could hold support.
The next focus is on the Consumer Sentiment and Inflation Expectations Index data from the University of Michigan. If the data is positive, the USD could regain support and put pressure on EUR/USD.
šÆTechnical Analysis
EURUSD is in a corrective downtrend towards the 1.145 support. If this support zone is broken, the EURUSD trend will turn to a Downtrend. Currently, the main trading strategy will be to look for SELL points. After price reacted at EMA and trendline and headed to temporary bottom 1.156 and hit important support soon.
ššTrading Signals
SELL EURUSD 1.17500-1.17700 Stoploss 1.18000
BUY EURUSD 1.14500-1.14300 Stoploss 1.14000
The USD rose after June retail sales beat expectations and initial jobless claims fell to 221,000. However, the USD's gains were limited as US stocks rebounded late in the session.
On Friday morning, US stock index futures rose 0.2%, indicating that risk sentiment remains dominant. If this trend continues, EUR/USD could hold support.
The next focus is on the Consumer Sentiment and Inflation Expectations Index data from the University of Michigan. If the data is positive, the USD could regain support and put pressure on EUR/USD.
šÆTechnical Analysis
EURUSD is in a corrective downtrend towards the 1.145 support. If this support zone is broken, the EURUSD trend will turn to a Downtrend. Currently, the main trading strategy will be to look for SELL points. After price reacted at EMA and trendline and headed to temporary bottom 1.156 and hit important support soon.
ššTrading Signals
SELL EURUSD 1.17500-1.17700 Stoploss 1.18000
BUY EURUSD 1.14500-1.14300 Stoploss 1.14000
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
JOIN OUR FREE TELEGRAM GROUP t.me/+7rqP7ECMjpUxMzBl
MESSAGE US FOR VIP SIGNALSš t.me/Leilani8597
MESSAGE US FOR VIP SIGNALSš t.me/Leilani8597
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.