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

FX:EURUSD   Euro / U.S. Dollar
The outlook for EUR / USD:
Eurodollar constantly moving in a tight trading range that has lasted a good few weeks. On Monday, despite increases in the level around 1.09, we have not received any signals that may indicate clearly on the future direction in the medium term. Therefore, I repeat, what I said earlier. If you happen to break the resistance level at 1.0945, it will open the way to higher price levels. First, the demand will be forced to deal with resistance area at 1.0970-90. Otherwise, supply, beating 1,08-1,0810 level support, should lead to declines in around 1.0715. Looking at the charts with larger intervals, we can conclude that it is close to breaking point.

If Tuesday not manage to overcome the 1.09 level and demand will not lead to increases towards 1.0945, the supply should take the lead and push the exchange rate towards support at 1.08.
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out