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Tuesday, August 30th
EUR/USD
Current price: 1.1168 (-0.2%)
Session range: Open 1.1189 High 1.1193 Low 1.1155
Latest trend: Bearish
Expected trend: Bullish
Daily volatility: Moderate
Support and resistance levels: S. 1.1136 R. 1.1234
Main drivers: US CB Consumer Confidence
Overview: Currently the common currency is still losing positions against its American counterpart, sliding down for nearly 200 pips since Friday Fed Chairwoman J.Yellen’s hawkish speech at Jackson Hole Symposium. Furthermore, fresh wave of speculations around this year Fed rate-hike is supporting further growth of the American currency across the board.
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