Overview of EUR / USD as of July 30, 2018


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.


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.


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