EUR USD Technical Analysis August 16 2018
The EUR declined 0.57% against the USD on Tuesday and closed at 1.1343. Today in the Asian session while EUR USD technical analysis august 16, 2018 is preparing at 7:15 GMT, the pair is trading at 1.1380, which is 0.32% higher against from yesterday’s closed.
In the US, data showed that the Retail sales in the United States rose 0.5 percent on a monthly basis in July 2018, after advancing 0.2 percent in June. Sales topped the market’s forecast of a 0.1% rise, boosted by car and clothing purchases. In the United States, average retail sales averaged 0.36 per cent between 1992 and 2018. Reaching an all-time high of 6.70 per cent in October 2001 and a record low of -3.90 per cent November of 2008.
The New York Empire State Industrial Index in the United States States grew 3 points in August 2018, higher than the market expectations 20. This is the strongest reading since September 2014. New orders and shipments grew strongly. Companies are increasing their non-packaged orders. Labor market indicators indicated strong employment gains and longer working weeks. The Price indices have changed slightly, and remained high, indicating a continuation of a significant rise in prices. In the United States, the NY Empire State Manufacturing Index averaged 8.51 points from 2001 to 2018. Reaching an all-time high of 39 in April 2004 and hitting a record low of -35.10 in February 2009.
Today’s Economic Data from US
When the US market opens, some Economic Data will be released. Such as Building Permits, Housing Starts, Philly Fed Manufacturing Index and Unemployment Claims. Unemployment Claims may be increase to 215k from the previous figure of 213k.
EUR USD Technical Analysis August 16 2018. The pair is expected to find support at 1.1310, and a fall through could take it to the next support level of 1.1280. The pair may find its first resistance at 1.1390, and a rise through could take it to the next resistance level of 1.1420. For today the expected trading range is between 1.1310, Support and 1.1420 Resistance.
The expected trend for today is Bullish.
Supports Levels: Support 1: 1.1310, Support 2: 1.1280, Support 3: 1.1260
Resistance Levels: Resistance 1: 1.1365, Resistance 2: 1.11390, Resistance 3: 1.1420
Previous day`s high: 1.1354
Previous day`s low: 1.1300