EURUSD Analysis Today : July 13, 2021 - US Dollar Strengthens, Weakens Euro

EURUSD analysis today, July 13, 2021, will discuss the movement of the Euro currency against the US Dollar. In trading on Monday early last week, the movement of the single currency of the euro zone weakened against the US Dollar. The weakening of the Euro is due to the strengthening of the US Dollar, even at the same time as the release of good European economic data. The economic data in question is the German WPI, released better than the previous period. In today's market trading in the Asian session, it is estimated that the EURUSD is still trying to strengthen against the US Dollar. Although there was a strengthening in the Euro currency, it was only limited. This is because the condition of the US Dollar currency is still in its strengthening zone. The focus of market participants is on the release of US inflation data which will be released tonight at 19:30 WIB. The data are Core CPI and CPI, which are predicted to weigh on the US Dollar. The US Dollar currency is still in a condition of strengthening against several other major currencies. The strengthening of the US dollar currency received support from the attitude taken by market participants. In the conditions of the ongoing pandemic, coupled with the outbreak of the Delta variant that has attacked most countries in the world. Conditions like this make market participants hunt for safe haven assets other than Gold, namely the US Dollar. However, market participants are still waiting for the release of inflation data later tonight. If the data release is below the prediction and the previous period, it is certain that the condition of the US Dollar will strengthen compared to several other major currencies, and vice versa.

EURUSD analysis today July 13, 2021

EURUSD prediction and analysis today is expected to continue its strengthening/rising and the recommended OP (Open Position) is BUY at the level of 1.18750. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points. This the EURUSD analysis today July 13, 2021 which discusses the strengthening of the US Dollar, causing the Euro currency to weaken despite the release of good German economic data. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of trading. You can also join us in the GIC Trade Telegram Community and GIC Trade Telegram Channel. Don't forget to check out the GIC Indonesia Youtube account which is full of a lot of information, and follow our Instagram account to get information about various interesting webinars that you can participate in.