Short

EUR/USD Technical Analysis: Short time pullback 12900

Updated

The short-term picture favors another leg lower, as, in the 4 hours chart, the pair remains below all of its moving averages and with the 20 SMA extending its decline below the larger ones, also converging with a Fibonacci retracement, the 61.8% of the latest bullish run at 1.1235. Technical indicators in the mentioned chart have spent the first half of the day consolidating within negative levels, now turning marginally lower, signaling increasing selling interest.

Support levels: 1.1175 1.1130 1.1085
Resistance levels: 1.1240 1.1280 1.1320

*** EURUSD take a Buy position 1.1110 level and take profit 1.1290 level.

Fundamental Overview:
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The EUR/USD pair consolidates around 1.1200 ahead of Wall Street's opening, trading with a heavy tone amid persistent dollar's strength and a disappointing German IFO survey, which showed that the business climate kept contracting this month, according to preliminary estimates. The index declined to 99.2 from the previous 99.6, also missing the market's expectations of 99.9. Expectations and the Current Assessment both decline more than anticipated. The greenback remains strong despite getting little help from equities market's which trade mixed in Europe. Hopes are on more upbeat earnings reporting pushing Wall Street to record highs.

Trade active

Eurusd buy orderis active 1.1110 level Takeprofit 1.1180 leve.

Note

News:-
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#One thing is that most of the members say that after the second quarter, the economic growth will revolt. In the second half of the second half of the second half of 2014, growth will increase in the second half of June-July. As soon as we enter the EuroBo mode, it will not be possible to enter the beginning of June or enter the last week of May.
#Today the election in the Spanish parliament is going on. The market will start with a few gaps on Monday.
#There are several market movers data on 30th. Spain's GDP, CPI, Germany's Perleim CPI. Eurozone has several market-related data including Perlim GDP, Perlim GDP of Italy and ParelM CPI. There is no doubt that the 30-year-old Euro will be quite volatile. And Majharat reports are doing the past as well, otherwise they have better expectations than before. If reports come true, then it will be true for the ECB members that the second half of 2019 will revolt. At the same time, reports will also confirm that TLTRO has started receiving benefits. Mario Longowio, but he said this in his last speech. But in the future, market will give concrete farming to many of us, the authenticity of the members of the Oriental ecb and the benefits of TLTRO. And can take the euro long time to enter the mode? So, take a decision on these reports. And on Friday 3rd Friday the Eurozone CPI and Core CPI will be released, and both of these reports have expected better than before. So euro-bait is still not ready to do. Fundamental Negative Euro So far.
#There are immidiate ratios from the current rate of 1.1200 area. 1.1200 area breaks the next target 1.1290 area. It does not seem to be able to drag more market before June even though the reports of the dropler are unexpectedly bad. Which is not possible It will not be too much of a side target. Until June.
#On the other hand, there are major support at the current rate of 1.1113 / 1.1110 area. The low rate for the 17-17 sala was 1.1113 area. 1.1100 / 1.1110 Area Clear Break Out Next Destination 1.1000 Area This area can go all the way next month. Although there are many market mug data in the coming months. Still can think of 1.1100 bye-bye. Still seeing the report.

Note

One thing is that most of the members say that after the second quarter, the economic growth will revolt. In the second half of the second half of the second half of 2014, growth will increase in the second half of June-July. As soon as we enter the Euro Buy mode, it will not be possible to enter the beginning of June or enter the last week of May.

Note

**EUR/USD bounces from yearly lows, but the bearish potential remains intact.
**Data-loaded week ahead with EU inflation and GDP, and the US Fed and Nonfarm Payrolls.
The EU will release preliminary Q1 GDP next Tuesday, seen posting a modest 0.3% advance, and preliminary April inflation. Markit will release the final versions of April PMI for both economies.

Trade closed: target reached

Eurusd buy orderis active 1.1110 level Takeprofit 1.1180 leve. Take Porit Hit 70 Pips

Saleh11

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