Analysis and forecasts for EUR / USD 23/02/16

FX:EURUSD   Euro Fx/U.S. Dollar
Declines have occurred during Monday's session, they stopped in the important area of support levels extending between 1,10-1,1045. Currency pair at the moment is close to the 1.10 level. As you can see in the chart below fracture / in support may lead to declines in the vicinity of 1.0945 and 1.08. Therefore, I expect in the near future activation of demand-side and exit-attacking towards resistance at 1.1090 and 1,1066-1,1071. Support for demand may be Tuesday's data, which may become an impulse for a stronger movement. In any case, keep in mind that if Tuesday's readings will support the dollar, the supply will receive strong impetus for further declines towards 1.08. As a result, the growth scenario will be negated.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener 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 Billing Sign Out