EUR/USD is trading just above the 1.12 level as upbeat US macroeconomic figures have not limited USD gains. The slide could extend if the pair breaks below the 1.1170 support, according to FXStreet’s Chief Analyst Valeria Bednarik. Key quotes “US macroeconomic figures were pretty encouraging, as Durable Goods Orders came in at 15.8% in May, much better than anticipated, while Q1 GDP was confirmed at -5.0%. Initial Jobless Claims for the week ended June 19 were above expected, at 1.48M, while the Continuing Jobless Claims for the week ended June 12 improved to 19.552 M. The news had a limited impact on the dollar, which retains its strength against most of its major rivals.” “In the 4-hour chart, EUR/USD is below its 20 and 100 SMA, which hover around the immediate Fibonacci resistance at 1.1270. Technical indicators head firmly lower within negative levels, supporting a bearish extension. particularly if the pair breaks below critical Fibonacci support at 1.1170, the 38.2% retracement of its latest daily advance.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Copper expected to consolidate around $5,50 /mt – UOB FX Street 2 years EUR/USD is trading just above the 1.12 level as upbeat US macroeconomic figures have not limited USD gains. The slide could extend if the pair breaks below the 1.1170 support, according to FXStreet’s Chief Analyst Valeria Bednarik. Key quotes “US macroeconomic figures were pretty encouraging, as Durable Goods Orders came in at 15.8% in May, much better than anticipated, while Q1 GDP was confirmed at -5.0%. Initial Jobless Claims for the week ended June 19 were above expected, at 1.48M, while the Continuing Jobless Claims for the week ended June 12 improved to 19.552 M. The news had a limited… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
