genzr

EUR/USD Analysis for week ending 25 Oct

FX:EURUSD   Euro Fx/U.S. Dollar
307 1 4
In my opinion, we are going to see weakness in this pair early during the week as we re-test the 1.12000 psychological level. US Housing starts and building permits figures on Tuesday may provide catalyst if figures come in better than expected.

Of course there is an ECB rate decision on Thursday. Consensus is that rates will remain unchanged with the usual dovish comments coming from the central bank .

I think the US data toward the end of the week , initial jobless claims and existing home sales will have greater potential for moving the market.

Good US data will increase the already hawkish comments coming from the fed, increasing the likelihood of a rate hike before years end, which could push the pair even lower towards the 1.11000 level.
I like it down to 1.13 1st
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out