empty
 
 
rs
Podrška
Trenutno otvaranje računa
Trgovačka platforma
Depozit/Povlačenje

20.07.202309:45 Forex Analysis & Reviews: EUR/USD: market awaits new driver

Exchange Rates 20.07.2023 analysis

EUR/USD

The EUR/USD pair unexpectedly got stuck in a tight range. Prior to that, the price gained strong upside momentum, and it seemed like the market had chosen a direction.

Data showed yesterday that the euro area inflation rate was 5.5% in June 2023, down from 6.1% a month earlier. Wheareas the core inflation rate inched up slightly to 5.5% from 5.3%.

Nevertheless, traders shrugged off this data, with the EUR/USD pair remaining almost unchanged.

Perhaps today's data on US weekly jobless claims will help the EUR/USD pair get out of the sideways range.

From a technical point of view, long-term consolidation in a tight range near highs signals a potential new surge toward the 1.1300 mark. At the same time, it may also indicate that the uptrend is nearing its end.

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Jozef Kovach,
Analytical expert of InstaSpot
© 2007-2024
Iskoristite preporuke analitičara upravo sada
Dopunite trgovački račun
Otvori trgovački račun

Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.

Ne možete da razgovarate sada?
Postavite pitanje kroz ćaskanje.