Today market not moving more to up and down .It’s today going neutral still now its continue .

We expect after some hours it will go to positive or negative trend side.

It’s still now wait for Two important news announcement today surely.

So after this time market will go up or down trend.

Pivot Point Details:

(see figure)

This is the pivot point values for today’s EURUSD.Here Market started from open point-1.29365 and still now it’s not get any kind of trend change.

So after some hours it will touch pivot level1.30434, support level S1-1.28985, support level S2-1.28613 if news announcement will react in market side means it can go to Resistance R1-1.29592 also.

(see figure)

CCI Values:

Today morning market opened time CCI values was in the position of -82.6054 and still now its waiting for news announcement.

So after news announcement we expect down trend may be its break the down trend and go to positive side .

News Details:

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

FXBase Market analysis team says,

”

At 10:00 (GMT) EUR High Impact news German ZEW Economic Sentiment

The ZEW indicator of economic sentiment is ascertained monthly. Up to 350 financial experts take part in the survey. The indicator reflects the difference between the share of analysts that are optimistic and the share of analysts that are pessimistic for the expected economic development in Germany in six months. The survey also asks for the expectations for the Eurozone, Japan, Great Britain and the U.S.A. The level above the zero indicates positive and the level below the zero indicates negative.

The forecasted value is -12.0 and if the actual value is greater than forecasted value the EUR can moves in the positive trend, otherwise it can moves in downtrend.

At 13:30 (GMT) USD High Impact news Trade Balance

The Trade Balance is used to measure the difference in values between imported and exported goods and services. A positive number indicates that more goods and services were exported than imported.

The forecasted value is -42.6B if the actual value is greater than forecasted value the USD can moves in the uptrend, otherwise it can moves in the negative trend.”

So the final report is after some hours it will touch pivot level- 1.29220, support level S1-1.28985, support level S2-1.28613 if news announcement will react in market side means it can go to Resistance R1-1.29592 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.