EUR/USD Daily Analysis: Euro has broken through a key 61.8% retracement line (black fibonacci on 4h chart above), sharply increasing the short-term bullish momentum on the pair and increasing the likelihood of a rise to 1.12 in the coming days. We are still long-term bearish on the pair, but short-term, Greece deals have offered bulls an opportunity to satiate their risk-appetite, though we expect choppiness to continue as bulls and bears are polarized on their outlook.
4h Chart
Our Preferred Trades*: We have set an aggressive long at 1.1010, SL at 1.0975 (35 pips), TP at 1.1110 (100 pips).
Long-term Trend Analysis Chart
Yesterday's EUR/USD SwingPRO Signal Result: Our trade was not triggered from yesterday.
Today's SwingPRO Signal: See preferred trade section above.
*CandlePRO: CandlePRO can be used in conjunction with our daily analysis and "our preferred trades." For example, if we prefer "going short" or "selling a rally," then we would look for bearish candlestick signals after a rally or near resistance levels. Alternatively, if we prefer "going long" or "buying a dip," then we would look for bullish candlestick signals on price drops or near support levels.
Today's Important News Events:
Date | Time (UTC) | Event | Actual | Forecast | Previousa |
---|---|---|---|---|---|
Tue Jul 28 | 08:30 | GBP Gross Domestic Product (QoQ) (2Q A) | 0.7% | 0.4% | |
08:30 | GBP Gross Domestic Product (YoY) (2Q A) | 2.6% | 2.9% | ||
13:00 | USD S&P/Case-Shiller Composite-20 (YoY) (MAY) | 5.60% | 4.91% | ||
13:45 | USD Markit US Composite PMI (JUL P) | 54.6 | |||
13:45 | USD Markit US Services PMI (JUL P) | 55 | 54.8 | ||
14:00 | USD Consumer Confidence (JUL) | 100 | 101.4 | ||
23:50 | JPY Retail Trade (YoY) (JUN) | 1.0% | 3.0% | ||
23:50 | JPY Large Retailers' Sales (JUN) | 1.4% | 5.3% |