Thursday’s EURUSD market Started from 1.30650. After some hours we got a downtrend. Currently market is at the position of 1.30560.
So as usual, today the market will move up slightly based upon the downtrend movements.
Today we have three high news alerts. So be aware at this time also using this time to earn more. At this time market may break the trend.
Pivot Point Details:
fxbase pivot 06.jpg
This is the pivot point values for today’s EURUSD. Market started from open point-1.30650 and after some hours it tried to reach the Pivot level of P-1.3084 and we can expect Resistance R1-1.3108 and also Support level S1-1.3041.
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CCI Values:
Today morning market opened time CCI values was in the position of -247.04 and after some hours it touched -50.00(see Fig). So the market is so good for sellers at morning time.
In CCI we can expect up trend more today.
News Details:
Our markets watch team has given the details about Today’s news Analysis.
FXBase Market analysis team says,

Today we have three high alert news’s so be aware at this time also using this time to earn more .
Interest Rate Decision 12:45(GMT) EUR High impact news
The six members of the European Central Bank (ECB) Executive Board and the 16 governors of the euro area central banks vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.
The forecasted value is 0.50% and if the actual value is greater than forecasted value EUR can moves in the uptrend, otherwise it can moves in downtrend.

Today we have ECB News, so this time market can get a good positive or negative trend sure .
ECB Press Conference 13:30(GMT) EUR High Impact news
The European Central Bank (ECB) press conference is held monthly, about 45 minutes after the Minimum Bid Rate is announced. The conference is approximately an hour long and has two parts. Firstly, a prepared statement is read, then the conference is open to press questions. The press conference examines the factors which affected the ECB’s interest rate decision and deals with the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy. High levels of volatility can frequently be observed during the press conference as press questions lead to unscripted answers.
Initial Jobless Claims 13:30(GMT) USD High Impact news
Initial Jobless claims are used to measure the number of individuals who filled for unemployment for the first time during the past week. The market impact will vary from week to week.
The forecasted value is 380k if the actual value is greater than forecasted value the USD can moves in the downtrend, otherwise it moves in the uptrend.
So the final report is that the market will reach P-1.3084soon and
It can expect Resistance R1-1.3108 and also Support level S1-1.3041.
News events may change the forecast, Trade at your own risk. News.fxbase will not be responsible for any kind of loss in your trades.