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Forex Analysis, Signals, Forecast & 100% Success Strategies

June 25, 2014 10:48 am

Dear traders yesterday EUR/USD currency pair was opened at 1.3602 and move upward rally at GMT+05 01:00-PM resistance level at 1.3627 due to German Business Expectations, German Current Assessment, German Ifo Business Climate Index, Italian Wage Inflation (MoM), and evening time move downward rally near support level 1.3584 at 07:00-PM due to CB Consumer Confidence, New Home Sales, New Home Sales (MoM), S&P/CS HPI Composite – 20 (MoM). EUR/USD move upward at the time of fundamental event results, but as per our expectation this currency pair move downward because euro weaker, so upward movements amazing and at evening time dollar strong as event result so pair move down correctly.

Today Technical Overview:

Today EUR/USD currency pair technically have bearish movements because daily pivot at 1.3605 and weekly pivot at 1.3584 and 200MA at support level 1.3579, so today we are expecting that this currency pair move near support level 1.3590 to 1.3565.

Fundamental Overview:

Today unexpected movement possible because Core Durable Goods Orders (MoM) and Durable Goods Orders (MoM) have negative change in the total value of new orders for long lasting manufactured goods. GDP (QoQ) shows that more inflation, means today overall dollar may be weaker at the time of fundamental event result. Euro have not any important fundamental event today.

Recommendations:

Dear trader before above mentioned fundamental event should be trade as technical base and at the time of result if dollar stronger then sell otherwise buy is best.

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