Analysis and forecasts for EUR / USD 06/10/15

FX:EURUSD   Euro / U.S. Dollar
Summary Monday:
The first part of the session took place under the dictation of the demand side, which led to increases in the vicinity of an important resistance zone at 1,1270-95. After peaking at 1.1290, the supply carried out a counterattack, erasing earlier gains in its entirety., Defeating the occasion of support at 1,12-1,1215. Summing up the first session of this week, it is worth mentioning a weaker reading of the ISM index for manufacturing in the US, which does not threaten the dollar too much. This may mean that the burden of expectations and speculation market will move in the direction of possible actions the ECB.

Economic Calendar:
Tuesday, 6 October 2015

8:00 EUR Order factories in Germany
14:30 USD Trade Balance
19:00 EUR ECB President Mario Draghi

The most important event of the day is undoubtedly the speech of Mario Draghi. Investors will await the announcement of further action by the ECB.

Forecast for Tuesday:
During Tuesday's session, we should see further declines. Breaking the support level 1,12-1,1215, opens the way towards lower price levels. The first supply will move towards support at 1.1155. The next natural target for the supply side is the level 1.1115 (lows of 23 and 25 September).

The strong support for supply expectations are associated with the occurrence of the President of the ECB.
In an alternative version the demand once again lead to increases toward the resistance level at 1.1240.

According to what I have written in previous analyzes, the dollar should gain a broader term, based on expectations of the Fed and the ECB.
thank so much.
+1 Reply
RobertPapon ChatchaiVong
you're welcome. I think Mario Draghi will want to weaken the euro today.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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