RobertPapon

Analysis and forecasts for EUR / USD on 27.05.15

FX:EURUSD   Euro / U.S. Dollar
A brief summary of Tuesday:
Today, the supply side has once again demonstrated the strength. The market starts to discount the difficult situation in the negotiations between Greece and the European Union and better US data will likely show that the US economy bounced up after weak readings from the first quarter. Minimum recorded at the level of 1.0862.

The economic calendar for Wednesday:
8:00 EUR GfK consumer climate in Germany

The forecast for Wednesday:
In view of the strong sell out at lower intervals, we can assume that the currency pair is ready for gentle correction. Given that tomorrow is empty economic calendar, the market may lead to profit-taking from short positions. Additional support for growth should closeness level 1.0881, which is 61.8% fibo increases from 1.0519 - 1.1467. If my assumptions are correct in this case, we should see increases in the vicinity of 1,0995-1,10 level. The area, represent 50% growth from 1.0519 - 1.1467 and the 23.6% fibo recent declines from 1.0862 1,1467-. In the longer term I expect further declines in around 1.0820 levels.

Keep in mind that a currency pair is under pressure and all negative information on Greece, will drive the spiral of fear. In addition, it should be noted that another better data from the US will support the dollar and increased expectations of an interest rate hike.
I encourage everyone to comment and wish you many successful investments.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out