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On Tuesday, we have a fairly modest economic calendar in terms of the number of statistical data. It is still quiet in Europe and the UK. But in the United States, we are waiting for the publication of data on orders for durable goods, which may increase by 1.9%. This growth indicates that retail sales will only grow in the near future, which of course contributes to the growth of the economy.
If expectations coincide, the US dollar may receive support.
The EUR/USD currency pair managed to locally increase the volume of long positions during the last trading day, which led to a movement above the 1.1800 mark. With all this speculative interest, the clock component remained unchanged. The quote, as before, follows within the limits of the amplitude of 1.1750/1.1830, for more than 144 hours.
The average daily dynamics in the period of July 19-26 is 52 points, which is lower than the average level for the EUR/USD currency pair.
In the current price position, there is a pattern of fluctuations already familiar to traders within the boundaries of the 1.1750/1.1830 corridor established on the market.
In this situation, it can be assumed that a long walk along the same trajectory leads to the accumulation of trading forces, and this leads to a new round of acceleration. The trading tactics remain the same, according to the principle of working on an outgoing impulse relative to one or another border of the established range of 1.1750/1.1830.
From the point of view of complex indicator analysis, it is clear that technical instruments on the minute and hour periods have a variable signal due to price movement within the lateral amplitude. The daily period, as before, is focused on a downward development, signaling a sale.
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