
The euro currency is starting to trade lower against the US dollar after once again being sold sharply from the 1.1700 level this morning. The recent rejection from the 1.1700 level has created a bearish head and shoulders pattern across the lower time frames. Traders now look to the release of PCE data from the United States economy, which is the Federal Reserve’s preferred measure of US inflation.
The EURUSD pair is only intraday bullish while trading above the 1.1730 level, key resistance is found at the 1.1750 and 1.1800 levels.
If the EURUSD pair moves under the 1.1650 level, sellers will likely target the 1.1590 and 1.1525 support levels.
– advertisement –
Written by Admin
Product categories
Finance news
![]() CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More ![]() Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More ![]() From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
Product tags
automated trading best forex ea best forex robot EA for Mt4 Forex advisor ADX indicator forex advisor CCI forex EA free forex expert advisor forex robot 2021 forex robot free download forex scalper robot forex software free EA Keltner channel autotrading forex robot moving average robot mq4 file mq4 trading robot scalping bot forex