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EUR/USD Inching Higher Ahead of Multi Local PMI Data

24 July 2017 01:01 PM BDT
EUR/USD Inching Higher Ahead of Multi Local PMI Data

FxGrow Daily Technical Analysis – 24th July, 2017 By FxGrow Research & Analysis Team EUR/USD Inching Higher Ahead of Multi Local PMI Data EUR/USD extended the uptrend momentum supported by Draghi's Thursday hawkish QE comments. The pair rallied from 1.1479 low on Thursday and clocked 1.1682 high on Friday with extra +2 pips today, 1.1684 high. On the other hand, uncertainties still revolves around the greenback with absence of health care bill accelerating scandals about Russia meddling in Trump's election pushing U.S Index into 93.63 yearly low. Technically, the pair is trading 1.1674, testing 10 EMA hourly at 1.1670 ahead of multi local flash Manufacturing and Services PMI which will give ... 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.  

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