By - Jamel Lahiani
The US dollar is appreciating against the EURO, a high impact data will be published by the US government
Today our analysis will be concerned with EURUSD:
EURUSD: The most traded currency pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.
GRAPHIC 1: EURUSD DAILY CHART (JULY 25, 2019)
The daily chart is under the resistance line in red and the MA14 in green. The resistance line is decreasing. It is more plausible that the pair is bearish and a swing entry could be taken if there is confirmation by the publication of fundamentals data by the US government. In fact, a high impact data will be published at 13:30 GMT. A data concerning the trade balance and concerning jobs claims published respectively by the US Bureau of Economic Analysis and the US Department of Labor. A highest data for the trade balance will have a positive impact on US dollar while a highest data concerning jobs claims will have a negative impact on US dollar.
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