empty
 
 
vi
Hỗ trợ
Mở tài khoản ngay lập tức
Tải nền tảng giao dịch Metatrader
Khởi động WebTrader

31.08.202307:59 Forex Analysis & Reviews: EUR/USD attracts more buyers

The EUR/USD pair is trading in the red at 1.0917 at the time of writing. After its strong growth, a retreat was natural. Still, the rate could register only a temporary drop, trying to test and retest the near-term support levels before jumping higher.

The price edged higher during the week as the US reported some poor data. Today, the fundamentals should be decisive again. The German Retail Sales and the Eurozone Unemployment Rate, CPI Flash Estimate, and Core CPI Flash Estimate should move the rate in the London session.

Still, in my opinion, only the US economic figures could really shake the price. The US is to release the Unemployment Claims, Core PCE Price Index, Chicago PMI, Personal Spending, and Personal Income. Positive US data and poor Eurozone figures could send the pair down. On the contrary, poor US data should boost the price.

EUR/USD Minor Retreat?

Exchange Rates 31.08.2023 analysis

From the technical point of view, EUR/USD climbed as much as 1.0945 where it has found supply again. You knew from yesterday's analysis that taking out the R1 (1.0890) activates further growth.

The retreat could be only temporary. The rate could come back to test and retest the 1.09 psychological level below developing a new bullish momentum.

EUR/USD Outlook!

Testing and retesting the R1 (1.0890), registering only false breakdowns could bring the first buying opportunity. Also, a bullish closure above 1.0945 is seen as a new long opportunity.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2025
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.