RobertPapon

Analysis and forecasts for EUR / USD 07/09/16

FX:EURUSD   Euro Fx/U.S. Dollar
Today there was to break above the downtrend line, drawn from the top level of 1.1617. From a technical point of view, the demand side gained an advantage, but I do not think that further increases could be continued without the abolition of part of the gains. Therefore, Wednesday's session may take for correction. In my opinion currency pair should move between levels 1,1217-63. (Alternative Version involves crossing Tuesday's rush towards 1.1288, and only at this altitude will see counterattack supply side).

On Thursday, we have a conference Mario Draghi, which may lead to greater volatility and this should be taken into account in their investment strategy. (Mario Draghi could give a signal to the weakening of the single currency. If that happens, it's killing over the downtrend line will once again prove to be false).
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