EUR/USD is hoping to broaden its consolidative example into the European session today, as of now drifting over the 1.1130 range.
Karen Jones, Head of FICC Technical Analysis at Commerzbank, contended the pair "keeps on staying supported by the cloud, the highest point of which lies at 1.1115 and the base at 1.0962. It has outlined a genuinely creature key day inversion to the upside. We have introductory resistance at 1.1280/1.1325 or more here untruths thick resistance at 1.1440/1.1534, the late highs".
Moreover, FX Strategist Emmanuel Ng at OCBC Bank included "While Greek-related features may keep on holding the market's consideration, take note of that June EZ swelling numbers discharged on Tuesday diminished marginally as broadly expected (center +0.2% yoy, prev 0.9%) while the huge number of EZ PMIs are additionally booked to be discharged today. In the meantime, anticipate that the pair will remain characteristically substantial and a break underneath the 55-day MA (1.1133) may debilitate 1.1100 and the 100-day MA (1.1050)".
WATCH ENTRY SPOT 1.10193
EXIT SPOT 1.11050
STOP LOSS 1.10500
INDICATOR BUY
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