EUR/USD : The Euro Dollar is ending the week on a note of hesitation, but always with a negative bias before Jackson Hole




The pair EUR/USD has remained quiet on Friday on the Forex, moving in a narrow range.

In fact, since the rebound from the 1.1662, EUR/USD remained calm under the 1.1750, with a brief attempt in the direction of 1.1775 ahead.

The hesitation continues, therefore, in the very short term, with a slight tilt to the downside as the trend line.

A fracture is more significant below 1.1680 however, seems to be still necessary to resume the fall of the pair. The next target for a downward short-term fall to 1.1650 and 1.1620.

Below, the decrease could continue in the direction of 1.1580, before the zone of 1.1500/1.1490.

The increase, the last failure on the terminal high is made on the 1.1775. A break above, could encourage a rebound more significantly, with thresholds that follow to 1.1825 and 1.1850.

Above, we could find the recent highest to 1.1890, and 1.1910.

An output of the triangle of the short-term is therefore necessary in a first time, to have a technical department to be more clear.

However, by the end of next week, we will have the speeches of central bankers at Jackson Hole, which will bring a significant risk to EUR/USD.

A break technique will give a signal of very short-term, but it will have to stay attentive by the end of next week, with speech that can reverse the trends in place.

The pair EUR/USD is currently trading at 1.1746 on the Forex.

Chart EUR/USD H1

See also our charts EUR/USD in real time.

This chart has been realized with the trading platform TradingStation 2 provided by FXCM France.



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