Analysis and forecasts for EUR / USD on 05.01.15

FX:EURUSD   Euro / U.S. Dollar
Despite the high overbought currency pair to continue further growth setting a new high of 1.1266. At the moment, we are in a zone of strong resistance, which should soon enable the supply side. Certainly the market has a chance to develop correction that its scope should arrive in around 1,10-1,1034. In the medium term should be the next wave of growth that will overcome current peaks and lead to increases in the vicinity of 1.14.
Tomorrow we will see a variety of data from the United States and especially should pay attention to the ISM index for the industry. In the case of better data, we can see the strong dollar and the beginning of a correction. (better data from the US excite the appetite to raise interest rates).
If you know the worse the data certainly overcome today's maximum and aim for demand will be 1.14 zone. (In this case, the correction starts with a higher ceiling).
Feel free to comment . I'm curious about your Opinion and discussed Few Perspectives on currency
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