GOLD SELL 1814.40

TP 1810.50
TP 1807.50
SL 1815.40
(SCALPING TRADE ‼️

Gbpusd sell 1.39280

Tp 1.38950
Tp 1.38280
Sl 1.40280

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EUR/USD Forex Signal: Bullish Breakout Within Sight


Bullish View

Bearish View

The EUR/USD price has been struggling to find direction this week. The pair was trading at 1.1875 on Wednesday morning, where it has been in the past few days. This price was about 1% above the lowest level last week.

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Eurozone PMI and Retail Sales

The top catalysts for the EUR/USD will be the latest Eurozone PMIs and retail sales numbers that will come out later today. Data by Eurostat is expected to show that the Services PMIs remained above 60 in July even as countries faced rising COVID cases.

The Composite PMI for the region is also expected to come in at 60.6 as countries continued seeing robust recovery. For example, the German Composite PMI is expected to rise to 62.5 while the French PMI is expected to increase to 57. These PMIs are important because they show the overall performance of the economy.

Eurostat will also publish the latest Eurozone retail sales numbers in the morning session. Economists polled by Reuters expect that the sales increased by 1.7% in June after rising by 4.6% in the previous month. On a year-on-year basis, the sales are expected to rise by 4.5% after rising by 9.0% in the previous month.

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TP 151.800
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