Daily Analysis For EURUSD   30-08-2022

Daily Analysis For EURUSD 30-08-2022

EURUSD Analysis EURUSD
Economic Events and Scenario for EUR/USD
Economic Events :-
GMTEventCurrency
08:00-(Spain) Retail Sales YoYEUR
08:00-(Spain) Retail Sales MoMEUR
13:00-(Germany) Inflation Rate YoYEUR
13:00-(United States) Fed Barkin SpeechUSD
14:00-(United States) S&P/Case-Shiller Home Price YoYUSD
15:00-(United States) CB Consumer ConfidenceUSD
15:00-(United States) JOLTs Job OpeningsUSD
16:00-(United States) Fed Williams SpeechUSD
21:30-(United States) API Crude Oil Stock ChangeUSD

Today's Scenario :- EUR/USD wants to hold above the mythical 1.0000 mark. The energy crisis is predicted to cause the German HICP to increase to 8.7 percent. ISM Manufacturing PMI's drop might put pressure on the DXY.

Buy Scenario :- In EUR/USD Only a daily close above 1.0089 would result in a larger retracement of the previous decline toward 1.0123 on the upside. We do not suggest purchasing EUR/USD.

Sell Scenario:- the subsequent rally to 1.0028 in New York in response to hawkish comments by ECB officials suggests choppy swings above August's 20-year 0.9901 trough may continue in the coming 1-2 days before down and below 0.9947 would head towards 0.9914. Till then we do not advise selling EUR/USD.

Support and Resistance Level :-
SupportResistance
S1 1.0831-R1 1.1066
S2 1.0726-R2 1.1109
S3 1.0593-R3 1.1231

Discussion

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