31/07 – EURUSD outlook eyes on 1.089


31 July, AtoZForex.com, Milano — Technically Daily EURUSD outlook eyes are on the 1.089 level, with a bearish momentum. (5:27GMT)

NEWS THAT CAN HAVE AN IMPACT:

  • EUROZONE. CONSUMER PRICE INDEX (10:00 GMT)
  • U.S. CHICAGO PMI (14:45 GMT)
  • U.S. MICHIGAN CONSUMER SENTIMENT (15:00 GMT)

Yesterday, the 1.089 Support level test precisely confirmed my Outlook.

My S/R setup is still the following:

EURUSD outlook Chart 1: Daily EURUSD eyes on 1.089 (Click on the image to enlarge)

First support: 1.089 (H4 38.2 fibo retracement peak – to – 21st of July low)

if breakout then ->
-> Second support: 1.080 (daily trendlines)

if breakout then ->
-> Third support: 1.078 (daily trendlines)

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

First resistance: 1.094 (H4 trendlines)

if First resistance’s breakout then ->
-> Second Resistance: 1.1064 (fibo arcs expansion)

if First resistance’s breakout then ->
-> Third resistance: 1.1145 (23rd of January, 12th of May, 12th of June lows area)

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