EUR USD Technical Analysis September 28, 2018
The EUR declined 0.82% against the USD on Thursday and closed at 1.1640. Today in the European session while EUR USD technical analysis September 28, 2018 is preparing at 10:15 GMT, the pair is trading at 1.1605, which is 0.30% lower from yesterday’s closed.
In European session, data showed that the German inflation rate, as measured by the Consumer Price Index, is expected to be 2.3% in September 2018. According to the results so far, the Federal Statistical Office (Destatis) also reported that consumer prices are expected to rise by 0.4%. In August 1818, Germany’s unified consumer price index (calculated in Europe) is expected to increase by 2.2% year-on-year and August 2018. 0.4%. The final results of September 2018 will be announced on October 12, 2018.
M3 money supply y / y: In August 2018, the annual growth rate of broad money M3 fell from 4.0% in July to 3.5%. The annual growth rate of the narrower monetary aggregate M1, including currency and overnight deposits, fell from 6.9% in July to 6.4% in August. The adjusted annual household loan growth rate in August was 3.1%, compared with 3.0% in July.
When the US market opens, some economic data will release such us Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentimentm, Revised UoM Inflation Expectations
EUR USD technical analysis September 28, 2018
The pair is expected to find support at 1.1560 and a fall through could take it to the next support level of 1.1482. The pair is expected to find its first resistance at 1.1718, and a rise through could take it to the next resistance level of 1.1797. For today the expected trading range is between 1.1560, Support and 1.1718 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.1600, Support 2: 1.1560, Support3: 1.1482
Resistance Levels: Resistance 1: 1.1718, Resistance 2: 1.1797, Resistance 3: 1.1837
Previous day`s high: 1.1556
Previous day`s low: 1.1638
EUR/USD Buying Opportunity for Intraday Trading September 28, 2018
Buy near the support area 1.1560 and 1.1482 as soon as you get reversal candlesticks patterns like Hammer, Bullish Englufing, Long Leged Doji or Dragonfly Doji, using stop loss 2 pips below the reversal candlestick & keep target equal to stop loss.
EUR/USD Selling Opportunity for Intraday Trading September 28, 2018
Sell near the resistance area 1.1718 and 1.1797 as soon as you get reversal candlesticks patterns like Shooting Star, Bearish Englufing, Long Leged Doji or Gravestone Doji, using stop loss 2 pips above the reversal candlestick & keep target equal to stop loss.
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