Analisis Forex & Kajian: 30.08.2018 - Fundamental Analysis of...

30.08.2018 11:25 AM

Fundamental Analysis of EUR/GBP for August 30, 2018

EUR/GBP has been impulsive amid the bearish pressure recently which made the price proceed down below 0.9050 area towards the dynamic level of 20 EMA. EUR has been dominating GBP since the price broke above 0.8850 area with a daily close whereas certain bearish pressure was quite uncommon in the process.

The reason for such impulsive bearish pressure in the pair is that the exhaustion of the EUR buyers after persistently downbeat economic data, published recently. So, German GfK Consumer Climate report was published with a decrease to 10.5 which was expected to be unchanged at 10.6, French Consumer Spending also decreased to 0.1% which was also expected to be unchanged at 0.3%, and French Prelim GDP was published unchanged as expected at 0.2%. Moreover, today German Import Prices report was published with a decrease to -0.2% from the previous value of 0.5% which was expected to be at 0.0%.

On the GBP side, today M4 Money Supply report was published with a significant increase to 0.9% from the previous value of -0.3% which was expected to be at 0.2%, Mortgage Approvals remained unchanged at 65k and Net Lending to Individuals decreased to 4.0B from the previous figure of 5.4B which was expected to increase to 5.5B.

Meanwhile, GBP has been quite firm in light of economic reports published today, whereas EUR is still struggling. Though EUR has been the dominating currency in the pair, certain volatility is expected in the pair in the coming days which might lead to certain GBP gains in the process. However, it is expected to be short-lived if the eurozone publishes better-than-expected economic data in the short term.

Now let us look at the technical view. The price is currently residing at the edge of dynamic level 20 EMA which has been quite successful holding the price higher for a several times earlier. Recent bearish momentum was quite impulsive which engulfed the previous bullish price actions. Nevertheless, as the price remains above the dynamic level of 20 EMA and 0.8950 with a daily close, the bullish bias is expected to continue further with a target towards 0.9050 and later towards 0.9250 area in the future.

SUPPORT: 0.8950, 0.8850

RESISTANCE: 0.9050, 0.9250

BIAS: BULLISH

MOMENTUM: NON-VOLATILE

Anda telah pun menyukai siaran hari ini

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Jika anda mempunyai sebarang soalan berkaitan kandungan, sila hubungi editorial-board@instaforex.com

Fundamental analysis

InstaForex Analyst,
Pakar analisis InstaForex
© 2007-2025

Lebih banyak artikel daripada pengarang ini

Tanya Pengarang

Langganan E-mel

EURUSD

Euro vs US Dollar

Pilih carta masa

min

jam

hari

minggu

Mulakan dagangan

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.

Muat turun MetaTrader 4 dan buka dagangan pertama anda.

Artikel yang dicadangkan

Pasaran Merayakan Kemenangan

Minggu Hadapan Mungkin Bermula dengan Nada Positif untuk Pasaran (Kemungkinan Kesinambungan Semula Pertumbuhan dalam #SPX dan #NDX)

Pasaran Sedang Bersedia untuk Kejutan Lain

Laporan Pekerjaan Amerika Syarikat yang Kukuh Mengatasi Semua Jangkaan

Apakah yang Perlu Diberikan Perhatian pada 4 Julai? Pecahan Acara Asas kepada Pedagang Baharu

Gambaran Keseluruhan GBP/USD – 4 Julai: Reeves Menangis — Adakah Pound Menjunam?

Gambaran Keseluruhan EUR/USD – 4 Julai: Perjanjian Perdagangan Ketiga Trump Juga Tidak Membantu Dolar

Rundingan Perdagangan Amerika Syarikat–Jepun Buntu, BoJ Kekal Berdiam Diri

Dolar Memberi Peluang Rehat kepada Rizab Persekutuan

EUR/USD. Apakah yang Diberitahu oleh Data Senarai Gaji Bukan Ladang Bulan Jun kepada Kita?