RobertPapon

Analysis and forecasts for EUR / USD 09/22/15

FX:EURUSD   Euro / U.S. Dollar
The outlook for EUR / USD pair on a Tuesday:

On Tuesday, the economic calendar is empty, which should allow the demand side to catch your breath. In this case, the demand should lead to the elimination of part of the recent declines. The purpose of the demand should be resistance at 1,1243-47 (peaks in the first half of September and the 23.6% fibo recent decline from 1.1459 to 1.1181). In the case of overcoming the above-mentioned resistance, the Business demand will 1,1269-1,1287 zone. At higher price levels to the game once again should turn to the supply side.

In an alternative version once again we see declines. In this case, the supply of post-acquisition initiatives will head towards Monday's low at 1.1181 and then after his break towards the next support levels at 1.1155 and 1.1128 levels.

In view of the strong sell out a possible variant of the adjustment appears to be a variant more likely. After completing the correction we should come back for further declines.
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