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Fundamental Analysis Concerned EUR/USD
Fundamental Analysis Concerned EUR/USD
Posted

By - Jamel Lahiani

Posted - 31-07-2019
  • The EURUSD is waiting importing publication concerning the US employment change.

Today our analysis will be concerned with EURUSD: The most traded currency pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.

CLICK ALSO: The US Dollar is Ranging at Court Term and Bearish at Long Term

GRAPHIC1: EURUSD HOURLY CHART (JULY 31, 2019)
The hourly chart is ranging between two limits at the top the red line and at the bottom the green line. In fact, the pair is waiting for the Employment Change released by the Automatic Data Processing, Inc that measure the change in the number of employed people in the US. It’s a good occasion to realize an important profit; a good strategy can be to buy if the chart breaks the red line after the publication of the data at 13:15 GMT to the upside. If the chart break the green line to the downside after the data publication at 13:15 GMT, it’s good to sell EURUSD. If the data published is soo important than past data this could have a high impact to the EURUSD pair in the future.

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