EURUSD Analysis
Technical Analysis
if price breaks above resistance 1.0270 area I think price will go up around 1.0400 then reject around that price and continue to create a lower low.
If price breaks the down trend and breaks above 1.0400 area I will take a long position to the next resistance level.
Fundamental Analysis
The coming week is saturated with important US economic data releases, each of which have the potential to upend FX markets. But no event or data release carries more importance than the July Fed meeting, where it is widely expected another significant rate hike will be levied. While that may be the most important event of the week, the sheer volume of ‘high’ rated events means that volatility in FX markets will likely run higher in the coming days, at least for USD-pairs.
On Monday, July 25, the June US Chicago Fed national activity index will be released at 12:30 GMT.
On Tuesday, July 26, the May US house price index is set to be published at 13 GMT, followed by the July US Conference Board consumer confidence index and the June US new home sales report at 14 GMT.
On Wednesday, July 27, weekly US mortgage applications are due at 11 GMT. June US durable goods orders will come out at 12:30 GMT, as will the June US retail inventories report. June US pending home sales will be released at 14 GMT. The July Fed rate decision will be announced at 18 GMT, followed by Fed Chair Jerome Powell’s press conference at 18:30 GMT.
On Thursday, July 28, the initial 2Q’22 US GDP report will be published at 12:30 GMT, as will weekly US jobless claims.
On Friday, July 29, the June US PCE price index is due at 12:30 GMT, as are the June US personal income and personal spending reports. The final July US Michigan consumer sentiment report will be released at 14 GMT.
if price breaks above resistance 1.0270 area I think price will go up around 1.0400 then reject around that price and continue to create a lower low.
If price breaks the down trend and breaks above 1.0400 area I will take a long position to the next resistance level.
Fundamental Analysis
The coming week is saturated with important US economic data releases, each of which have the potential to upend FX markets. But no event or data release carries more importance than the July Fed meeting, where it is widely expected another significant rate hike will be levied. While that may be the most important event of the week, the sheer volume of ‘high’ rated events means that volatility in FX markets will likely run higher in the coming days, at least for USD-pairs.
On Monday, July 25, the June US Chicago Fed national activity index will be released at 12:30 GMT.
On Tuesday, July 26, the May US house price index is set to be published at 13 GMT, followed by the July US Conference Board consumer confidence index and the June US new home sales report at 14 GMT.
On Wednesday, July 27, weekly US mortgage applications are due at 11 GMT. June US durable goods orders will come out at 12:30 GMT, as will the June US retail inventories report. June US pending home sales will be released at 14 GMT. The July Fed rate decision will be announced at 18 GMT, followed by Fed Chair Jerome Powell’s press conference at 18:30 GMT.
On Thursday, July 28, the initial 2Q’22 US GDP report will be published at 12:30 GMT, as will weekly US jobless claims.
On Friday, July 29, the June US PCE price index is due at 12:30 GMT, as are the June US personal income and personal spending reports. The final July US Michigan consumer sentiment report will be released at 14 GMT.
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