13/08 – EURUSD outlook eyes on 1.12


13 August, AtoZForex.com, Milano  Technically Daily EURUSD outlook eyes are on the 1.12 level. (4:24GMT)

NEWS THAT CAN HAVE AN IMPACT:

  • U.S. RETAIL SALES (13:30 GMT)

My S/R view is the following:

First support: 1.1095 (H4 converging trendlines)

EURUSD outlook Chart 1: Daily EURUSD eyes on 1.12 (Click on the image to enlarge)

if First support’s breakout then ->
-> Second support: 1.1023 (H4 converging trendlines) 

if breakout then ->
-> Third support: 1.098 (H4 38.2 fibo retracement peak – to – 21st of July low, converging Daily trendlines and fibo arcs)

if breakout then ->
-> Fourth support: 1.089 (H4 38.2 fibo retracement peak – to – 21st of July low, converging Daily trendlines and fibo arcs)

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EURUSD outlook Chart 2: H4 EURUSD (Click on the image to enlarge)

First resistance: 1.1245 (H4 trendlines, 23.6 fibo expansion)

if First resistance’s breakout then ->
-> Second resistance: 1.1290 (H4 converging trendlines)

Calendar or the Week.

TOMORROW
Eurozone. German GDP (07:00 GMT)
Eurozone. Consumer Price Index (10:00 GMT)
U.S. Producer Price Index (13:30 GMT)

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