RobertPapon
Long

Analysis and forecasts for EUR / USD 28/10/15

FX:EURUSD   Euro Fx/U.S. Dollar
The beginning of the current week is marked by correction of recent decline that took place after the conference, Mario Draghi. (Eventually, the common currency ended last week, a decline from the 1.1349 to the 1.1018 level, which is the worst weekly performance since May of this year).
Returning to the technical situation on the EUR / USD pair is worth             noting that the demand side has reached the first resistance level located at 1,1070-1,1075, whose defeat opens the way towards the level of 1,1138-40 or even in the vicinity of 1,1175- 90. In my opinion this is the potential scope of correction, after which we should return to further declines.
The highlight of Wednesday's session is without a doubt the publication of the FOMC statement, which should not surprise investors and promote the common currency. (A series of weaker data from the US rejected at the time, a possible interest rate hike - March 2016?).
Accordingly, there is a chance to develop corrections to the resistance that presented above.
Regardless of the evening publication of the FOMC, it will be worth             to pay attention to data | Germany: GfK consumer climate, which can also be a support for the euro             .
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out