This EURUSD pair heads downwards mainly because the Greek
crisis especially after mid June. Since the dark clouds are still there, the
health of the Euro is on the line.
These are the main events that will affect the EUR/USD pair.
1. German PPI – 20.07.2015 at 6.00 GMT
Consumer
prices depend on Producer Prices, as 0% in May, and no change is expected in
June.
2. Current Account - 20.07.2015 at 8.00 GMT
Mainly
because of the German exports, euro zone keeps a large surplus. In April, the
amount was 22.3 billion, and is expected to rise up to 23.1 bn.
3. Spanish Unemployment Rate - 21.07.2015 at 7.00 GMT
Sitting
along with the Greece’s
level, 23.8% reported in the first quarter, a slight drop to around 22.5% is
expected.
4. Consumer Confidence - 23.07.2015 at 14.00 GMT
The
Eurostat’s official figure was at -6 points in May, and expected to be
unchanged.
5. Flash PMIs - 24.07.2015 at 8.00 GMT (whole Euro Zone)
Manufacturing
sector is expected to be unchanged at 52.5, and a slight drop is expected in
services sector, from 54.4 to 54.2
Technical levels for EUR/USD
1.1200 - Strong Resistance
1.1050 - Strong Resistance
1.0910 - Weak Resistance
1.0865 - Weak Resistance
1.0815 - Weak Support
1.0760 - Strong Support
1.0715 - Weak Support
1.0660 - Strong Support
1.0615 - Strong Support
1.0550 - Weak Support
1.0462 - Very Strong Support (Lowest in 12 years)
2 Comments
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