EURUSD had a volatile session as the day progressed it maintained strong gains, but finished the session on a negative note at 1.0984, for a small loss of 5 pips or -0.04%. The unchanged FED rate decision boosted the demand for the Green back. Eurozone and USA are going to release abundant fundamentals on Friday. The market is likely to be fundamentally volatile and investors can trade to secure profits.
Today on Friday , the investors are recommended to monitor the following events:
EUR
• German Retail Sales m/m
• Spanish Flash CPI y/y
• Spanish Flash GDP q/q
• CPI Flash Estimate y/y
• Core CPI Flash Estimate y/y
• Prelim Flash GDP q/q
USD
• Advance GDP q/q
• Advance GDP Price Index q/q
• Employment Cost Index q/q
• Chicago PMI
Technical Overview:

On Friday, EURUSD is likely to break out its consolidated pattern of 1.1005 trend line resistance. In the previous week, the pair broke below a suggested trading range of 1.1160 – 1.1025 to place low of 1.0954 and consolidating below its prior trend channel. Resistance is still found at1.1035, at 1.1085, and near 1.1185. Support is now at 1.09 and below that at 1.075.
Previous Analysis Reference: Trade suggested hits stop loss. (28th July, 2016)
Daily Trading Range:
1.1250– 1.0845

Daily Support & Resistance Levels
R3: 1.1134
R2: 1.1084
R1: 1.1054
Pivot Point: 1.1005
S1: 1.0955
S2: 1.0925
S3: 1.0876

Trading Recommendation:
– Buy @ 1.1020
o Take Profit:
 1st @ 1. 1120
o Stop Loss 1.0975

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