Global Broker governance & inquiry App
Broker Search
English
Download

Singapore

2020-08-06 15:46

Market analysisEUR/USD Outlook (06 August 2020)
Related product:
Forex,Others,Others,Others,Others,Others
Market analysis:
Overall, EUR/USD is trending upwards. The eurozone Final Services PMI data (Actual: 54.7, Forecast: 55.1, Previous: 55.1) released yesterday indicated a slight downward revision in the growth of the services sector in July. Also, the eurozone Retail Sales m/m data (Actual: 5.7%, Forecast: 6.5%, Previous: 20.3% revised from 17.8%) released indicated a slowdown in consumer spending in June. Currently, EUR/USD is moving towards the resistance zone of 1.19000 and the next support zone is at 1.17200. Look for short-term buying opportunities of EUR/USD if it breaks above the resistance zone of 1.19000.
Like 0
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.

Jin_Forex
Trader
Hot content

Industry

Event-A comment a day,Keep rewards worthy up to$27

Industry

Nigeria Event Giveaway-Win₦5000 Mobilephone Credit

Industry

Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit

Industry

South Africa Event-Come&Win 240ZAR Phone Credit

Industry

Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit

Industry

[Nigeria Event]Discuss&win 2500 Naira Phone Credit

Forum category

Platform

Exhibition

Agent

Recruitment

EA

Industry

Market

Index

EUR/USD Outlook (06 August 2020)
Singapore | 2020-08-06 15:46
Overall, EUR/USD is trending upwards. The eurozone Final Services PMI data (Actual: 54.7, Forecast: 55.1, Previous: 55.1) released yesterday indicated a slight downward revision in the growth of the services sector in July. Also, the eurozone Retail Sales m/m data (Actual: 5.7%, Forecast: 6.5%, Previous: 20.3% revised from 17.8%) released indicated a slowdown in consumer spending in June. Currently, EUR/USD is moving towards the resistance zone of 1.19000 and the next support zone is at 1.17200. Look for short-term buying opportunities of EUR/USD if it breaks above the resistance zone of 1.19000.

Forex

Others

Others

Others

Others

Others

Like 0
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.

Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com