Analysis and forecasts for the EUR / USD pair on 10/04/15
Yesterday's analysis assumed a small correction to the level of 1.08 and 1.0850 (in case of puncture of resistance). Then the course was discussed couples fall to the level of 1.07. Today we saw the test 1.08 level but eventually rate fell to 1.0637 level. Strong downward trend is due to the unclear situation in the negotiations with Greece, about which there is no certainty that may repay your loan installments (May 1 - 200 million, and May 12 - 763 million). Supply also got support today in the form of good data from the US.
Economic Calendar:
Friday:
USA: index of export prices and import price index
USA: balance the federal budget
Forecast for Friday:
Currently, the EUR / USD reached a significant support levels zone. After a very strong decline that took place today, we should see a correction. Any adjustment in the area can reach the level of 1.07 with a maximum goal at 1.0730. In this area the game should include the supply. The goal for today's supply should be a minimum and lower price levels. The next less significant props are 1.0590 and 1.0500 levels.
In version beats the alternative correction 1.0730 level and defeat the upper limit of the downward channel, which could increase the range of adjustment.
Bearing in mind that the situation with Greece is still not resolved, the market may try to follow in the medium term for this year at least 1.0456.
Additional props for the dollar will be better data from the US, which bring us in the direction of interest rate increases.
Economic Calendar:
Friday:
USA: index of export prices and import price index
USA: balance the federal budget
Forecast for Friday:
Currently, the EUR / USD reached a significant support levels zone. After a very strong decline that took place today, we should see a correction. Any adjustment in the area can reach the level of 1.07 with a maximum goal at 1.0730. In this area the game should include the supply. The goal for today's supply should be a minimum and lower price levels. The next less significant props are 1.0590 and 1.0500 levels.
In version beats the alternative correction 1.0730 level and defeat the upper limit of the downward channel, which could increase the range of adjustment.
Bearing in mind that the situation with Greece is still not resolved, the market may try to follow in the medium term for this year at least 1.0456.
Additional props for the dollar will be better data from the US, which bring us in the direction of interest rate increases.