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EUR / USD – Technical Analysis – All Quiet

Since yesterday, the Euro has been very quiet as many seem to be waiting around for Friday. Having recently broken through the medium term resistance level at 1.24 and in doing so completing the ascending triangle it had been forming for the last month, the EUR/USD has done well to maintain its price comfortably above the key 1.24 level. This level is now likely to become a support level as it was back in June, although over the short term, the 1.25 level appears to be holding it up well as it presently hovers around 1.2530. (Daily chart below)

EURUSD Technical Analysis Candlestick 4 Hour Chart.


Aug 30 at 02:45 GMT
1.2532/33 H: 1.2573 L: 1.2518
S3 S2 S1 R1 R2 R3
1.2500 1.2400 1.2300 1.2600 1.2700


EUR/USD Technical


Further levels in both directions:


August 30

  • AU 1:30 (GMT) Building approvals (Jul)
  • AU 1:30 (GMT) Capital Expenditure (Q2)
  • EU 9:00 (GMT) Business Climate Index (Aug)
  • EU 9:00 (GMT) Consumer Sentiment (Aug)
  • EU 9:00 (GMT) Economic Sentiment (Aug)
  • US 12:30 (GMT) Personal spending (Jul)

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