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

FX:EURUSD   Euro / 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 .
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Send feedback Ideas Published Followers Following Private Messages Chat Sign Out