Wednesday EURUSD market Started from 1.32280.

Today market gone uptrend side and now it’s back to sell side.

And yesterday market gone good to buy side.

So Morning market was in the control for buyers. So it went up to 1.32550.

Today we have one important news announcement so we can expect the market to go positive or negative side more.

Pivot Point Details:

This is the pivot point values for today’s EURUSD.Here Market started from open point-1.32280and it   reached Resistance level of R1-1.3259 and we can expect to reach Pivot level P-1.3206 soon.

So after some hours it may touch Support level S1-1.3175, if there is news impact on the market.

CCI Values:

Today morning market opened time CCI values was in the position of +69.013 and after some hours it reached 0.00.so morning time traders like buy.

So after some hours, if the trader prefer more downtrend then the CCI may go to downtrend side and CCI will be in the sellers hand.

News Details:

Our markets watch team has given the detail about Today’s news Analysis.

FXBase Market analysis team says,

”

Today we have one important news .so after that time it can move any direction side

This is some small news details for today.

At 09:00 EUR Medium Impact News German Business Expectations
German Business Expectations rates the expectations of businesses in Germany for the following six months. It is is a sub-index of the German Ifo Business Climate Index.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

At 09.00 EUR Medium Impact News German Current Assessment
The German Current Assessment rates current business conditions in Germany, without considering future expectations. It is a sub-index of the German Ifo Business Climate Index.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

At 09.00 EUR High Impact News German Ifo Business Climate Index

The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The index is compiled by the Ifo Institute for Economic Research.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

At 13.30 USD Medium Impact News Building Permits
Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

At 13.30 USD Medium Impact News Housing Starts

Housing starts measures the change in the annualized number of new residential buildings that began construction during the reported month. It is a leading indicator of strength in the housing sector.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

”

So the final report is after some hours market will touch Pivot level P-1.3206, if the traders prefer uptrend more, the market may move to the Resistance R1-1.3259 and if there is news impact on the market it may reach the Support level of S1-1.3175.

 
News events may change the forecast, Trade at your own risk. News.fxbase will not be responsible for any kind of loss in your trades.