KTM FX Dialy: EURUSD running into an area of the resistance zone
EURUSD: Intraday resistance seems to be at 1.1700/1.1720, and 1.1755 its 50MA, only a return above its 50MA would ease downside pressures, lessening the risks to retest the support levels 1.1630/1.1600 and 1.1530/1.1500. The flip side fails to breach 1.1700-1.1720 could withdraw some of the early gains.
Probably we are going to trade between 1.1750-1.1630 before FOMC June meeting minutes.
Data flow picks up rapidly in the US session, with the June ADP employment, Weekly unemployment claims, June ISM Non-Manufacturing PMI and FOMC meeting minutes. In the June meeting, FOMC raised the fed funds rate by 25bps, as expected. In the June meeting minutes, our particular attention to the trade tensions and the FOMC communication.
Probably we are going to trade between 1.1750-1.1630 before FOMC June meeting minutes.
Data flow picks up rapidly in the US session, with the June ADP employment, Weekly unemployment claims, June ISM Non-Manufacturing PMI and FOMC meeting minutes. In the June meeting, FOMC raised the fed funds rate by 25bps, as expected. In the June meeting minutes, our particular attention to the trade tensions and the FOMC communication.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.