AtoZ

Edit Profile

OctaFX

13 March 2018

Forex Technical analysis

EURUSD Fundamental Outlook

0
0

Economic data takes the spotlight once again on Tuesday, with US inflation figures likely to generate most of the chatter. What else is going to affect the movements of the EUR pair? Find out in this 13 March EURUSD Fundamental Outlook.

13 March, OctaFX – Like on Monday, the European release schedule is relatively light on Tuesday. The French government will report on nonfarm payrolls at 06:00 GMT. The report is expected to show employment growth of 0.3% in the fourth quarter.

Two hours later, the Spanish government will report on consumer inflation for the month of February. This includes the monthly consumer price index (CPI) as well as the harmonized index of consumer prices (HICP). The HICP reading is expected to come in at 1.2% annually.

13 March EURUSD Fundamental Outlook

Europe’s common currency traded sideways on Monday, as investors continued to assess dovish comments from ECB President Mario Draghi. The pair is currently trading around 1.2340. Immediate resistance is located at 1.2380. On the flipside, support is located near 1.2270, the 50-day SMA.

13 March EURUSD Fundamental Outlook

Disclaimer

This article about 13 March EURUSD Fundamental Outlook was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Also, speculative trading is a challenging prospect, even to those with market experience and an understanding of the risks involved.

EURUSD OctaFX

Share this story with your network

Read also

Comments