Monday EURUSD market Started from 1.31630.
Today market gone to uptrend side and now its return back to down side
Morning market control by buyer’s way .so it’s gone up to 1.31780.
Today we do not have any important news announcement so market can go down trend side more.
Pivot Point Details:
This is the pivot point values for today’s EURUSD.Here Market started from open point- 1.31630 and its reached today Pivot level P-1.3165 and it can expect to reach Support level S1-1.3142 soon.
So after some hours it will touch may be Resistance level R1-1.3188, if market will go to buyer’s side means.
CCI Values:
Today morning market opened time CCI values was in the position of -8.45706 and after some hours its reached +194.00.so morning time traders like more buy and we got a one overbought today morning .
So after some hours traders like sell more means CCI go to Down trend side and CCI currently now in sellers Hand side.
News Details:
Our markets watch team has given the detail about Today’s news Analysis.
FXBase Market analysis team says,
”
Today we don’t have any important news .so market in traders hand today .
This is some small news details for today.
At 18:15 USD Medium Impact news FOMC Member Fisher Speaks
Federal Reserve Bank of Dallas President and Federal Open Market Committee (FOMC) voting member (2008 and 2011) Richard Fisher is to speak. FOMC members are responsible for setting the benchmark interest rate and their speeches are closely watched for indications on the future possible direction of monetary policy.
His comments may determine a short-term positive or negative trend.
At 13.30 USD Medium impact news Current Account
The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation’s exports the data can have a sizable affect on the USD.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
”
So the final report is after some hours it will touch Support level S1-1.3142,if traders like more buy means market can go up to Resistance R1-1.3188 also.
Today market gone to uptrend side and now its return back to down side
Morning market control by buyer’s way .so it’s gone up to 1.31780.
Today we do not have any important news announcement so market can go down trend side more.
Pivot Point Details:
This is the pivot point values for today’s EURUSD.Here Market started from open point- 1.31630 and its reached today Pivot level P-1.3165 and it can expect to reach Support level S1-1.3142 soon.
So after some hours it will touch may be Resistance level R1-1.3188, if market will go to buyer’s side means.
CCI Values:
Today morning market opened time CCI values was in the position of -8.45706 and after some hours its reached +194.00.so morning time traders like more buy and we got a one overbought today morning .
So after some hours traders like sell more means CCI go to Down trend side and CCI currently now in sellers Hand side.
News Details:
Our markets watch team has given the detail about Today’s news Analysis.
FXBase Market analysis team says,
”
Today we don’t have any important news .so market in traders hand today .
This is some small news details for today.
At 18:15 USD Medium Impact news FOMC Member Fisher Speaks
Federal Reserve Bank of Dallas President and Federal Open Market Committee (FOMC) voting member (2008 and 2011) Richard Fisher is to speak. FOMC members are responsible for setting the benchmark interest rate and their speeches are closely watched for indications on the future possible direction of monetary policy.
His comments may determine a short-term positive or negative trend.
At 13.30 USD Medium impact news Current Account
The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation’s exports the data can have a sizable affect on the USD.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
”
So the final report is after some hours it will touch Support level S1-1.3142,if traders like more buy means market can go up to Resistance R1-1.3188 also.