$EURUSD Forex Signal: Technical Point to a Bearish Continuation
It remained at the important support level at 1.0660, which was a few points above last Friday’s low of 1.0612.S&P Global published relatively encouraging economic numbers from Europe and the United States on Tuesday. In Europe, flash services PMI numbers rose from 50.8 to 53, signaling that service providers continued their recovery in February. The composite PMI rose from 50.3 to 52.3 even as the manufacturing PMI retreated.
There will be several important economic numbers on Wednesday. Germany, Italy, and Spain will publish their final estimate of January’s inflation numbers. While these numbers are important, they will not have a major impact on the pair since they will likely be in line with the first estimate. Germany will publish the latest business sentiment data.
. Historically, they provide more information compared to the single-page document that accompanies the report.trend after peaking at 1.1033 on February 3. During this retreat, the pair has moved below the 50-period moving average and the Woodie pivot point. It has also formed a slanting head and shoulders pattern while the current price coincides with the lowest point on February 13.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forex Signal: Neutral Outlook With a Bearish BiasThe EUR/USD price made a small hammer pattern even as more Federal Reserve officials sounded more hawkish.
Read more »
EUR/USD Forex Signal: Supportive Pivotal Point at $1.0662My EUR/USD signal on 8th February was not triggered, as none of the key support or resistance levels were reached that day.
Read more »
EUR/USD Technical Analysis: The Bears are Still in ControlAccording to the performance on the daily timeframe chart below, the EURUSD currency pair is still moving within a bearish channel that was formed recently since it abandoned the psychological resistance level at 1.1000.
Read more »
GBP/USD Forex Signal: More Downside to 1.1840 PossibleThe GBP/USD price rose slightly on Friday as a relatively busy week in the market.
Read more »
AUD/USD Forex Signal: Extremely Bearish Below 0.6825The AUD/USD price remained under intense pressure as it crashed to the lowest level since January 6.
Read more »
BTC/USD Forex Signal: Another Bullish Breakout Likelybtcusd Forex Signal: Another Bullish Breakout Likely Bitcoin bitcoinprice Bitcoin2023 bitcointrading bitcointrade
Read more »