Daily price is continuing with the correction to be started in the beginning of the week: the price is located above Ichimoku cloud in the bullish area of the chart for 1.1177 support level to be tested for the secondary correction to be continuing.
SUMMARY : bullish
SOME trend lines ;-)
Just about intra-day price movement ...
H4 price is already on the bearish breakdown: the price broke support level to below to be reversed to the primary bearish market condition with 1.1170 level to be tested for the bearish trend to be continuing, otherwise - ranging bearish.
Weekly price is on ranging within the following key reversal support/resistance levels:
Monthly price is already on the bearish condition within the narrow support/resistance levels: 1.1615 and 1.0821.
Thus, the bearish trend for daily timeframe for this pair is very likely for for example.
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2016.08.30 16:22
Intra-Day Fundamentals - EUR/USD, GBP/USD and AUD/USD: The Conference Board Consumer Confidence
2016-08-30 14:00 GMT | [USD - Consumer Confidence]
[USD - Consumer Confidence] = Level of a composite index based on surveyed households. Survey of about 5,000 households which asks respondents to rate the
relative level of current and future economic conditions including
labor availability, business conditions, and overall economic situation.
The Conference Board Consumer Confidence Index®,
which had decreased slightly in July, increased in August. The Index
now stands at 101.1 (1985=100), compared to 96.7 in July. The Present
Situation Index rose from 118.8 to 123.0, while the Expectations Index
improved from 82.0 last month to 86.4.
The monthly Consumer Confidence Survey®,
based on a probability-design random sample, is conducted for The
Conference Board by Nielsen, a leading global provider of information
and analytics around what consumers buy and watch. The cutoff date for
the preliminary results was August 18.
“Consumer confidence improved in August to its highest level in
nearly a year, after a marginal decline in July,” said Lynn Franco,
Director of Economic Indicators at The Conference Board. “Consumers’
assessment of both current business and labor market conditions was
considerably more favorable than last month. Short-term expectations
regarding business and employment conditions, as well as personal income
prospects, also improved, suggesting the possibility of a moderate
pick-up in growth in the coming months.”
EUR/USD M5: 11 pips price movement by The Conference Board Consumer Confidence news event
GBP/USD M5: 18 pips price movement by The Conference Board Consumer Confidence news event
AUD/USD M5: 16 pips price movement by The Conference Board Consumer Confidence news event
Sergey Golubev, 2016.08.31 08:30
EUR/USD Intra-Day Fundamentals: German Retail Sales and 9 pips range price movement
2016-08-30 08:30 GMT | [EUR - German Retail Sales]
if actual > forecast (or previous one) = good for currency (for EUR in our case)
[EUR - German Retail Sales] = Change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations.
Compared with the previous year, turnover in retail trade was in the
first seven months 2016 in real terms 1.7% and in nominal terms 1.9%
larger than in in the corresponding period of the previous year.
EUR/USD M5: 9 pips range price movement by BoE Mortgage Approvals news event
Sergey Golubev, 2016.08.31 14:31
Intra-Day Fundamentals - EUR/USD, GBP/USD and AUD/USD: ADP Non-Farm Employment Change
2016-08-31 12:15 GMT | [USD - ADP Non-Farm Employment Change]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - ADP Non-Farm Employment Change] = Estimated change in the number of employed people during the previous month, excluding the farming industry and government.
EUR/USD M5: 6 pips range price movement by ADP Non-Farm Employment Change news event
GBP/USD M5: 17 pips range price movement by ADP Non-Farm Employment Change news event
AUD/USD M5: 12 pips range price movement by ADP Non-Farm Employment Change news event
Sergey Golubev, 2016.09.01 16:19
EUR/USD Intra-Day Fundamentals: ISM Manufacturing PMI and 43 pips range price movement
2016-09-01 14:00 GMT | [USD - ISM Manufacturing PMI]
[USD - ISM Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
EUR/USD M5: 43 pips range price movement by ISM Manufacturing PMI news event