FxGrow Daily Technical Analysis – 30th June, 2017
By FxGrow Research & Analysis Team

EUR/USD Still Invading 2016 Highs Ahead Of Local Data


EUR/USD, a shooting star through out the week, regaining 276 pips price action and 1.1145 high, both for yesterday and today so far. The pair is still boosted by Draghi's hawkish comments and yesterday's positive German CPI. Today, the pair awaits data both from EU and U.S which will give a better outlook how market will react by additional clawing on the rising trend or take a correction consolidation session, a break can be considered an easing before another bullish storm. On the other hand, U.S Index still prolongs cents losses with 2017 new low record at 95.20, giving room for EUR/USD to march forward.

Technically, the pair has surpassed the RSI 70 level (overbought) and the U.S Index touched RSI 30 level, closing to an ...

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.