EUR USD Technical Analysis | Forex Economic Calendar

Tuesday

First off on Tuesday during the Sydney session was the Chinese Producer Price Index as well as Consumer Price Index released at 1:30 AM GMT.

Moving forward the Swiss Unemployment Rate is released at 5:45 AM GMT followed by Germany’s  Trade Balance at 6 AM. The UK will released their Industrial and Manufacturing Production at 8:30 AM GMT to create volatility in the GBP crosses, however we can expect more volatility there later during the New York session at 2 PM when  the UK’s GDP Estimate is released by the National Institute of Economic and Social Research.

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Also during the New York session we have the preliminary  Non-farm Productivity released at 12:30 PM GMT.

Wednesday

The market moving event during today’s Sydney session iss RBA’s Governor Glenn Stevens Speech.

We are expecting a relatively calm London session

During the New York session  the Monthly Budget Statement is released by the Financial Management Service at 6 PM GMT.

More volatility is expected during the next day’s Sydney session when the RBNZ Interest Rate Decision is announced by the Reserve Bank of New Zealand, as well as their Monetary Policy Statement at 9 PM GMT.

One more market moving data before the end of the trading day is expected from the UK, the RICS Housing Price Balance survey released at 11:01 PM GMT.

EUR USD Technical Analysis

The EUR USD technical analysis shows the pair  is once again under pressure and testing below the pivot level at 1.11. Our bearish targets are set at 1.09 and 1.06 in extension, while resistance is set at 1.15.

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EUR USD Technical Analysis