RobertPapon

Analysis and forecasts for EUR / USD 03/29/16

FX:EURUSD   Euro Fx/U.S. Dollar
On Tuesday after the holiday weekend on the parquet back investors from Europe, which should revive the currency market during the early hours of the morning. Relevant data will appear only in the second half of the day, when we will know the consumer confidence index by. Conference Board. Investors will also pay attention to statements by members of the FED (Williams, Dudley). Particularly noteworthy occurrence Fed president Janet Yellen.

According to the technical analysis , the demand side of the defense support at 1.1144 took the initiative and led counterattack, which led back to the 1.12 level. Nearby hours should show to what extent become the demand side. If demand is thinking about further increases this should lead to a continuation of support at 1,1187-89, which will put the attack on the zone 1,1220-45. This area is an important resistance (peak after the FOMC meeting) and on the outcome, will determine the further movement of the currency pair discussed. Moving on to the crux of the matter, I would like to point out that overcoming these resistances opens the way to higher price levels. The next resistance levels are 1.1285 and 1. 1343             . | In the longer term, the level of 1.1495 would be in the range of demand.

In the event, however, the demand side failed to break through w / the resistance, a return toward the major support at 1.1144 seems to be inevitable. Any of his fracture, can lead to a stronger correction towards 1.1083 and 1.1021 levels.
PooyaSalehipour
8 months ago
very good.
+1 Reply
RobertPapon PooyaSalehipour
8 months ago
Thank you
Reply
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