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)
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)
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)