Overview of EUR / USD as of July 30, 2018

EUR / USD

On Friday, in the first half of the day, economic data on France came out. The GDP for the 2nd quarter showed an increase of 0.2% against expectations of 0.3%, and consumer spending for June added just 0.1% against expectations of 0.6 %. The data raised investor interest in US economic data. US GDP for the 2nd quarter showed very good growth: 4.1%. The forecast was 3.8% -4.2%, but even earlier the US government released a rumor about a possible incredible growth to 4.8%. As a result, investors' expectations turned out to be overheated, and by the end of the day, the euro grew by 15 points.

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Technically, the picture has not changed; the price is still held under the red balance line and the blue trend also continues to play a supporting role (1.1600). The breakdown of the line will entail an increase in bearish market sentiment, the subsequent target is 1.1475-1.1508. And further on 1.1300.

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On the four-hour chart, the price is also under all the indicator lines, the Marlin oscillator on both scales shows a decline in the trend.

Today, unfinished sales in the secondary real estate market for June are forecast for the USA - 0.4% forecast, tomorrow personal income and consumer spending for June - 0.4% forecast, which creates a good mood for dollar buyers.

The material has been provided by InstaForex Company - www.instaforex.com