by Todor Nikolov – FX Analyst at MDM Partners
Today, at 15.30 for U.S. orders will be posted for durable goods and those without transport field in July. Expected to reach 3.0 percent respectively compared to -1.2% and 0.6% vs. -0.9%. At 17.00 will be exported prices of homes in June. Projected to increase by 0.1 percent compared to increases of 0.5 percent in May. They will be announced sales of new homes in July. Is forecast to reach 0.335 million to 0.330 million in June.
The movement today, according to my analysis, in breach of the 1.0315-1.0330 area of resistance, the dollar will aim to overcome the 1.0350-1.0370 area. If successful upturn will be strengthened at 1.0400-1.0425. In fall below the support of 1.0300-1.0280, the dollar will seek further support in the 1.0260-1.0240 area. In a breakthrough and it will continue downward movement towards 1.0220-1.0200.
Entry point: 1.0300
Stop loss: 1.0380