Summary Monday:
The dollar gained slightly today despite better data from Germany and the Euro zone. Data from the US were much worse than expected but did not harm the dollar. Finally, none of the parties have failed to lead to a decision, no key levels have not been punctured. Minimum today recorded at the 1.0940 level which is above the major support at 1.0916.
Economic Calendar for Tuesday:
9:00 EUR Performance unemployment rate in Spain
16:00 USD factories Orders (m / m) (Jun)
Forecast for Tuesday:
The situation remains unchanged. The market at the moment is suspended between the support at 1.0916 (major support 1,0808-31), and resistance at 1,1113-29. Investors tomorrow do not have too much data and in turn, should not favor any side. It seems that the market will await Wednesday's data, which can outline the direction for the currency pair discussed. Therefore, we have to wait to overcome, one of the levels.
If it comes to overcome the resistance level at 1,1113-29 will try to bring the market to test the level of 1.1218. Otherwise, overcome support at 1.0916 will lead to a decline in support for 1,0808-31 area.
The dollar gained slightly today despite better data from Germany and the Euro zone. Data from the US were much worse than expected but did not harm the dollar. Finally, none of the parties have failed to lead to a decision, no key levels have not been punctured. Minimum today recorded at the 1.0940 level which is above the major support at 1.0916.
Economic Calendar for Tuesday:
9:00 EUR Performance unemployment rate in Spain
16:00 USD factories Orders (m / m) (Jun)
Forecast for Tuesday:
The situation remains unchanged. The market at the moment is suspended between the support at 1.0916 (major support 1,0808-31), and resistance at 1,1113-29. Investors tomorrow do not have too much data and in turn, should not favor any side. It seems that the market will await Wednesday's data, which can outline the direction for the currency pair discussed. Therefore, we have to wait to overcome, one of the levels.
If it comes to overcome the resistance level at 1,1113-29 will try to bring the market to test the level of 1.1218. Otherwise, overcome support at 1.0916 will lead to a decline in support for 1,0808-31 area.