Investors confidence rouse more then expected, the published result was -7.5
In Germany the industrial production increased, but it was still with 0.5% lower then the 1.1% result expected.
EUR
Fundamental Analysis
Today for the euro will be published the trade bance of France, which is expected to have a slightly increase from -4.3 bilions of euro to -3.9 bilions.
Technical Analysis
Eur/Usd fell yesterday to around 1.3600, level from where it is possible to see an increase of the price to around 1.3700. If the 1.3600 support level will be broken it is possible that the price will fall between 1.3500 and 1.3450
Support Levels: 1.3600; 1.3550; 1.3500
Resistance Levels: 1.3650; 1.3700; 1.3780
Moving Averages (5, 20): Buy
MACD (standard): Buy
RSI (14): 44 – Neutral
GBP
Fundamental Analysis
The economic data published for part of the retail sales for Great Britain registered an increase of 2.2%. Today the trade balance report will be published, economic data which is expected to have a small increase from -7.3 billions of pounds to -6.9 billions.
Technical Analysis
Gbp/Usd fell yesterday around 200 pips, reaching the psychological level of 1.5000. Support level which is possible to resist, because the pound is starting to be underestimated, making it possible for the price to reach the yesterday morning level of 1.5200
Support Levels: 1.5000; 1.4920; 1.4780
Resistance Levels: 1.5075; 1.5120; 1.5200
Moving Averages (5, 20): Buy
MACD (standard): Buy
RSI (14): 35 – Neutral
USD
Fundamental Analysis
For the usd today there will be published the economic optimism which is expected to increase but still to be predominantly pessimistic. The expected result is 48.9
Technical Analysis
The Dollar Index increased to 80.60, level from where it started to lose his strength and it is possible to fell at around 80.00.
Support Levels: 80.20; 79.80; 79.50
Resistance Levels: 80.50; 80.80; 81.30
Moving Averages (5, 20): Sell
MACD (standard): Sell
RSI (14): 55 – Neutral
The information on this site are purely speculative and do not represent a investment recommendation.
Tags: Daily Analysis, Foreign Exchange, Forex, Fundamental Analysis, FX, Resistance Levels, Support Levels, Technical Analysis