14/08 – EURUSD outlook eyes on 1.1190


14 August, AtoZForex.com, Milano  Technically Daily EURUSD outlook eyes are on the 1.1190 level. (4:12GMT)

NEWS THAT CAN HAVE AN IMPACT:

  • EUROZONE. GERMAN GDP (06:00 GMT)
  • EUROZONE. CONSUMER PRICE INDEX (10:00 GMT)
  • U.S. PRODUCER PRICE INDEX (13:30 GMT) 

Yesterday my First Support was hit @ 1.1095. A bullish reaction already started. It will reach again 1.1145-1.1200 area.

My S/R view is still the following:

EURUSD outlook Chart 1: Daily EURUSD eyes on 1.1190 (Click on the image to enlarge)

First support: 1.1095 (H4 converging trendlines)

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)

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