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Euro Daily Fundamental Analysis


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Euro exchange rate movements in the Asian session moving up against USD, after a strong opening at 1.0893 in early trade, the exchange rate Euro rose 14 pips and the value of the rolling is at 1.0907. Exchange rate rebounded to trade the Asian session this morning after take advantage of USD weakness momentum which happening because collapsing of crude oil prices.

 

However, in the European session feared negative sentiment data from Germany's trade balance is expected to show a lower data the surplus from the previous period. In US session there is a potential to rise back if the pair dropped on European session as  quiet the fundamental directives for the USD later.

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Euro's movement on Asia Session seems strong against USD, after the opening we can see the price is moving at 1.08552 in the early trading or falling down 22 pips and now the price is rolling at 1.08762.

Euro is strengthening in Asia session continuing the rebound which happened last week after before this pair get a strong pressure for 3 consecutive day. Today's bargain hunting happened because of investor forecast of PPI sentiment which many think will be good.

There is a strong indication that German PPI for November which will released this afternoon will having a bit contraction from 0.4% to 0.2%. Based on that i predict that EURUSD may rise to 1.08776 or even a bit higher considering this morning's rebound.

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Euro exchange rate movements at the end of the Asian session moving stronger against USD, having opened weaker at 1.08581 in early trade. It seems carry trade sentiment and USD's weakening momentum become a reason for EURUSD to experienced weakening revision 2 consecutive days. 

 

Quiet the fundamental direction today make price more influenced technically and also by USD's movement. And the evening session is expected to weaken the dollar could technically so the pair can rise again. EURUSD today is expected to have the support level at 1.0890 and the resistance level at 1.0948.

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Euro exchange rate strengthened since trading the Asian session on Monday  after the weekend continues severe drop in European trading session despite the negative sentiment on the region's manufacturing data suppress the movement of EURUSD.

 
Markit Economics announced indicator that assesses the performance of the manufacturing country or the Euro area Eurzone January Manufacturing PMI climbed to 52.3 points in December 2015 was at 53.2 points position. Score this indicator decreased from the score of the period of December 2015 in the position of 53.2 points.
 
Euro exchange rate movements in the European session strong moves against US dollar, having opened higher at 1.08282 in early trading , the exchange rate Euro rose 20 pips or 0.2% and the value of the rolling is at 1.08480. For further trade until the close of trading, it seems that EURUSD pair could go up to the range 1.09171 - 1.10024 and in case of potential correction down to around 1.07785.
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Euro exchange rate movements are weakened in Tokyo sesion but managed to bounce back in the middle of European session today by the rise of the global market fears after the slump in European stock markets and gain additional power of German consumer sentiment ZEW survey which showed a decrease in optimism of previous scores.

 
Although the ZEW survey showed investor confidence index declined in February from January, but data released increased 1 index point exceeding economists' expectations for a decline the previous score.
 
In terms of the movement of the US dollar index trading this afternoon observed retreat of reinforcement 2 consecutive days and nights will be released NAHB Housing Market index that indicates the level of house prices in the future in America. This data is not expected to affect the strong movement of the dollar is weakening.
 
For the next trade until the close of trading in America ends tomorrow morning, EURUSD could rise to around 1.12281-1.13012 but if a correction then the pair may fall back to support positions 1.11057.
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Euro's movement on Europe session is strengthening against USD, this positive sentiment is happening because Industrial Production indicator show that German successfully increase its output compared to previous data. Destatis reported that German's industry rise 3.3% vs before which just at -0.3%. While for USD, it gain negative sentiment thanks to no news that could afford a strong movement. The prediction is on New York session EURUSD may rise to resistance point at around 1.10472-1.10796, but if this pair corrected it may fall to 1.00911-1.09609.

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Euro's movement on Asia session moving up against US Dollar, after opened with bullish sentiment at 1.11032. Euro which had reached the highest strengthening position in a month against the dollar last week, consolidate and tried to trade the Asian session from a pressure of 2 previous trading day.

Momentum weakening dollar against the yen to be the basis of the currency to the euro area continue last week's rally. For the evening session later if US dollar pressured by data releases of PPI and Retail sales on February then EURUSD's rebound will get longer to 1.12175 if not will fall to 1.10212 at most.
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At present, there are plenty of happening around this pair which is pushing it up, but the structure is just too weak at present, it’s unlikely that we could see the pair holding up to this level with Pound been hit from every direction, it’s very much likely that before August starts, we might be moving around 1.28/29 level.

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Hellow, wrong thread buddy this is fundamental analysis not technical analysis, go to technical analysis section instead. By the way here is my analysis:

 

In Tokyo Session/Asian session Euro's exchange rate movements against US dollar consolidation move after it opened lower at 1.1076 in early trading. There is a sign in EU session that the price still in consolidation which the the impairment occurred most by profit taking. The movement this afternoon until the evening session is expected to move correction by poor valuation of ZEW economic region and also against Germany which is expected to show a lower data.
 
So overall it seems EURUSD could potentially fall into the range of 1.1040-1.1016, but if that scenario won't work because unexpected variable then EURUSD could climb back into the range of 1.1095-1.1123 or even further.
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Euro exchange rate movements European session moves to strengthen against US dollar after opening higher at 1.11759 at the start of trading, the Euro exchange rate is now rolling on the position of 1.11715.

Euro sign in the European session had cut the power of its rally by Spanish and Italian manufacturing data which are lower than previously expected decline. However, manufacturing data picked up again by Germany, France and also the area that shows the increase in data.

Technically, EURUSD's potential to rise to a range of 1.12007-1.12217, but if it is not happens up to this range then the pair may fall further to around 1.11474-1.11116. And today is expected to have the support level at 1.10676 and the resistance level at 1.12583.

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The movement of EURO exchange rate in European session was moving strongly against US dollar, after opened higher than the previous trading at 1.11645 in the early trading, naturally EURO exchange rate gained 27 pips and roll values are at 1.11912.

At the beginning of European session, there is a release of economic data that showed Spanish state unemployment data increased from the previous month period, but still showed positive data. Because the data released is lower than economists forecast to increase existing data. Data showed on -84K position while economists forecast in -70 and the previous data at 124K.

For the next trade until the close of New York session tomorrow morning, EURUSD seems to be able to rise to the range 1.12202 - 1.12375, but if the price cannot reach the above range will drop back to the range of 1.09762.

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The movement Euro in the European session are moving weak against US dollar, after opened higher than the previous trading at 1.12232 at the start of trading, the Euro exchange rate experienced a decrease in value of 22 pips and roll is at 1.12012.

 

Since the European trading session opened, Markit reported the business performance of the service sector from Spain, Italy, France and Germany as well as in the region. From these reports only the data of France, Italy and the region for which data is increased while Germany and Spain decreased thin. From this data, the market sees the European region's economic fundamentals are still wary thereby weakening the exchange rate of the European region, including Euro.

 

For the next trade until the close of trading ending the American session tomorrow morning, EURUSD seems to be able to rise to the range of 1.12354 - 1.12678 and if the correction does not reach the range it will be at 1.11870-1.11290.

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European session the Euro exchange rate movements against US dollar moved lower after opened higher at 1.11495 at the start of trading, Euro exchange rate is now rolling on the position of 1.11344.

 

Euro in Asian session still further selling pressure to respond the concern of will of how market respond the British central bank's decision this evening to cut interest rates. And if the rate cuts as expected then the exchange rate will naturally increase in the European region.

 

Technically, EURUSD may drop to around 1.1110-1.10797, but if it is not until this range then the pair can rise back to 1.12011-1.12533. And today is expected to have the support level at 1.10280 and the resistance level at 1.12874

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Euro exchange rate movements in European session moving strongly against US dollar after opened higher at 1.11302 at the start of trading, Euro exchange rate is now rolling on the position of 1.11442.

 

Euro managed to rebound strong in Asian session against USD after two consecutive days experienced significant selling pressure. Rebound power obtained from the fundamental weakness of US dollar today weigh US NFP data this evening that many worried won't meet expectations. Though there are many negative sentiment this afternoon from some of the data that are less stable like German factory orders data, Italian industrial production and France Trade Balance data.

 

Technically, EURUSD has a potential to rise to the range of 1.1160-1.1182, but if it is not until that range then EURUSD will fall back to 1.1109-1.1087. And today is expected to have the support level at 1.1062 and the resistance level at 1.1205.

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Amid strong US dollar against many of its main rivals in the European session on Monday, Euro exchange rate rebounded and tried to cut the weakening of the previous 3 consecutive days. Workers who lifted the euro this afternoon from 2 economic data released, the German industrial production data and consumer sentiment data by Sentix.

 

Both the data showed positive data, but the data provide a strong force after the start of the European session pressured by the fundamental strength of the US dollar, namely Euro area consumer confidence data which jumped from 1.7 to 4.2 in the latest period. These data make Euro weakened last week trying to trim.

 

For the next trade until the close of trading ending the American session tomorrow morning, EURUSD can be corrected to the range 1.10722 - 1.10336. But if the price cannot fall the the price may climb back up to the range of 1.11170-1.11450.

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Euro exchange rate movements in the Asian session weakened against US dollar after opened lower at 1.10872 in early trading, the Euro exchange rate is now rolling on the position of 1.10880 and it showing a bearish trend for it.

 

Euro move negative since the beginning of the Asian trading session by profit-taking after a rebound earlier trade by solid economic data released overnight. Exchange rate may strengthen if the data issued this afternoon shows the data as yesterday jumped to the data Sentix.

 

Technically, EURUSD potential to rise to the range of 1.10990-1.11154 this morning if the correction is not up to the range of 1.10686-1.10482. And today is expected to have the support level at 1.10310 and the resistance level at 1.11322 .

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Euro exchange rate which kept going since the beginning of Asian trading session continue to rally, the European trading session on Wednesday overall is increasing against US dollar. Euro's rally managed to ignore the negative sentiment of the French economic data.

 

When the European session opened, the French statistical office Insee reported the performance of the domestic industrial production increased contraction in June from the previous month period. Previous data showed a score of -0.5% and the current release of the data showed a score of -0.8%.

 

For the next trade until the close of American session tomorrow morning, EURUSD seems to be able to rise to a range between 1.11970 - 1.12226. But if there is a correction then the price will come down to around 1.11082 or more.

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The movement of the euro exchange rate in the European session is weakening against US dollar, EUR exchange rate managed to rally for 3 consecutive days can not be continued since the beginning of the Asian trading session which still weakening against US dollar. And entered the European session the euro exchange rate very quickly slid down by profit-taking.

 

 Quiet trading today with the direction of strong fundamentals make negative moves for EURUSD pair, and the signal is weak fundamentals today was less supportive. The weak fundamental data movers come from the same French inflation data with the previous period and It's far from the central bank's target.

 

For the next trade until the close of trading in New York ended tomorrow, it looks like EURUSD pair could fall into the range of 1.11372 - 1.11109. But if there is a correction will rise to around 1.12016.

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Euro exchange rate on Asia session consolidate because of the market attitude which still awaiting GDP data of several member states in the region on European session later. The GDP data that will be announced later this afternoon expected to give a negative sentiment on the movement of Euro. And during the American session could be more severe if the data were released giving a strong signal.

 

Technically, EURUSD may fall into the range between 1.11120-1.10860, but if it does not reach this range then the pair will move up back to the range between 1.11606-1.11947. And today is expected to have the support level at 1.10702 and the resistance level at 1.12263.

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As one of the main rivals in the European region the US dollar, euro rally grew stronger that receive power from the weak US economic data recently released as the Empire State Manufacturing Index from the previous period. The dollar index is getting mired since the end of last week let down gloomy Fed rate hike expectations after retail sales data and a disappointing US PPI. Besides the euro also strengthened by reports bulananan Bundesbank.

Although the general economic growth in the Euro area countries fell from the first quarter of this year, but the market saw economic conditions of these countries are still stable after Brexit. Because economists had been predicting a considerable decline in GDP exhibited significantly these countries but the data reported higher statistical office.

For the next trade until the close of American or New York session tomorrow morning, EURUSD is expected to rise to a range in between 1.12099- 1.12255 or even higher. But if there is a correction will come down to around 1.11492 even lower.

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