On Tuesday we will know the indicators of inflation for Spain and Germany. In contrast, the United States will flow data on the trade balance of goods and the consumer confidence index reading by the Conference Board.
It is worth mentioning that Tuesday's reports are important in the context of future policies and possible action by the Fed and the ECB.
The outlook for EUR / USD:
At the time of writing the analysis of a currency pair is at 1.1240, which in my opinion should be a strong barrier to demand. In the event that a breach 1.1240 level (poor data from the US?) The demand side will have a chance, wywindowania course around the resistance zone at 1,1270-95 (maximum 24 September). At higher price levels to the game should turn up supply.
If we knew weaker data from Europe and better in the US, the supply will lead to declines in around 1.1155 and 1.1115.
In a broader time horizon we should see further declines in the vicinity of the recent lows.
It is worth mentioning that Tuesday's reports are important in the context of future policies and possible action by the Fed and the ECB.
The outlook for EUR / USD:
At the time of writing the analysis of a currency pair is at 1.1240, which in my opinion should be a strong barrier to demand. In the event that a breach 1.1240 level (poor data from the US?) The demand side will have a chance, wywindowania course around the resistance zone at 1,1270-95 (maximum 24 September). At higher price levels to the game should turn up supply.
If we knew weaker data from Europe and better in the US, the supply will lead to declines in around 1.1155 and 1.1115.
In a broader time horizon we should see further declines in the vicinity of the recent lows.