The EUR maintains the trade near 1.1100 against the USD.
The USD Index remains bid and approaches 101.00.
Speculation that the Fed could end its hiking cycle in July looks mitigated.
US, German lack clear direction so far on Friday.
The BoJ defended its current ultra-accommodative stance.
Retail Sales in the UK came in above expectations in June.
Technical Analysis: Euro faces a decent support around 1.1000
EUR/USD continues to digest the so far marked weekly pullback.
The pair printed a new 2023 high at 1.1275 on July 18. Once this level is cleared, there are no resistance levels of significance until the 2022 peak of 1.1495 recorded on February 10.
On the downside, immediate contention lies at the weekly low of 1.1118 (July 20) ahead of the psychological 1.1000 mark, all seconded by provisional support at the 55-day and 100-day SMAs at 1.0897 and 1.0881, respectively. The loss of this region could open the door to a potential visit to the July low of 1.0833 (July 6) ahead of the key 200-day SMA at 1.0687 and the May low of 1.0635 (May 31). South from here emerges the March low of 1.0516 (March 15) before the 2023 low of 1.0481 (January 6).
Furthermore, the constructive view of EUR/USD appears unchanged as long as the pair trades above the key 200-day SMA.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
