Euro / U.S. DollarShort
EURUSD SELLS
#eurusd
remains on the defensive below 1.0850 ahead of ECB Lagarde speech, US GDP data EURUSD weakens near 1.0835 in Wednesday early Asian session. ECB Guindos hinted at a possible interest rate cut in September. US S&P Global Manufacturing PMI dropped to 49.5 Services PMI improved to 56 in July. Euro Trends almost changes after the breakout of Ascending trend line. Price is moving under the trend line for the last days and after hitting the last broken support we may see a good drop down towards the fib retracement Level of 61%.
remains on the defensive below 1.0850 ahead of ECB Lagarde speech, US GDP data EURUSD weakens near 1.0835 in Wednesday early Asian session. ECB Guindos hinted at a possible interest rate cut in September. US S&P Global Manufacturing PMI dropped to 49.5 Services PMI improved to 56 in July. Euro Trends almost changes after the breakout of Ascending trend line. Price is moving under the trend line for the last days and after hitting the last broken support we may see a good drop down towards the fib retracement Level of 61%.
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.