Nickonomics

UPBEAT US RETAIL SALES SUPPORT 'TRIANGLE CASE' IN EUR/USD

FX:EURUSD   欧元/美元
A decent US retail sales report keeps rate hike hopes alive. The number for July grew 0.6% after a revision showed sales were flat in June. Retail sales ex autos, considered a more accurate metric, grew 0.4% vs -0,1% last month. Dollar gained support after the release. On the other hand, initial jobless claims ticked higher to 274,000 from 269,000 last week, which curbed USD advance.

I am sticking to the Triangle pattern development in EUR/USD             . As predicted in the last post, the price reached the first resistance cluster at 1.1168-1.1195, and bounced off. There are two scenarios: either Wave C is complete and the pair is likely to slide back to 1.0902-1.0962 area; or another upward move will help it reach 1.1255-1.1287 cluster.
简体中文
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
繁體中文
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持标签 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出