Friday EURUSD market Started from 1.30770.

Today market gone to buy trend side more and now it will return back to down trend side.

Morning market control by buyer’s way .so it’s gone up to 1.31040.

After some hours we have lot of important news’s .so after this time we will get a some down trend movement sure.

Pivot Point Details:

(see figure)

This is the pivot point values for today’s EURUSD. Here Market started from open point-1.30770

And its reached Resistance level R1-1.3104 and it can expect to reach pivot level P-1.3072.

So after some hours it will touch may be support level S1-1.3044,if it gets a news .

(see figure)

CCI Values:

Today morning market opened time CCI values was in the position of 43.1407and after some hours its reached +187.061 so morning traders like more buy and we got a one overbought .

So after news announcement we expect down trend more also CCI wait for go down by the way of news’s ways.

News Details:

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

FXBase Market analysis team says,

”

Today we have four important news announcements .It can make market more to fluctuate up and down sure.

At 13:30 USD Core CPI (MOM) High Impact news

The Core Consumer Price (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

The forecasted value is 0.2% if the actual value is greater than forecasted value the USD Can moves in the uptrend, otherwise it moves in the downtrend.

At 13:30 USD Core CPI (YOY) High Impact news

The Core Consumer Price (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

The forecasted value is 2.0% if the actual value is greater than forecasted value the USD Can moves in the uptrend, otherwise it moves in the downtrend.

At 13:30 USD CPI (MOM) High impact news

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. 

The forecasted value is -0.2% if the actual value is greater than forecasted value the USD Can moves in the uptrend, otherwise it moves in the downtrend.

At 13:30 USD CPI (YOY) High Impact news

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. 

The forecasted value is 1.9% if the actual value is greater than forecasted value the USD Can moves in the uptrend, otherwise it moves in the downtrend.”

So the final report is after some hours it will touch pivot level-1.3072, support level S1-1.3044,if news announcement will react in market side means it can go up to Resistance R2-1.3132 also.

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.