RobertPapon

Analysis and forecasts for EUR / USD 18/02/16

FX:EURUSD   Euro/U.S. Dollar
During Thursday's session exceeded the supply side support at 1.1090, however, missed the chance of turning toward the minimum at 1.1071 proved short-lived. Currently we are in the vicinity of the level of 1.11, and it seems that the growth scenario that I presented in the last comment is not completely negated. Certainly the situation on the demand side would look preferably, if there were to overcome the resistance level at 1.1160. Nevertheless, the demand side is not at a disadvantage.

However, if you happen to break the support at 1.1090 is the supply should be directed toward Thursday's minimum and then towards lower price levels, extending in between 1,10-1,1045.

The signal for a stronger movement may be Friday's US data on CPI             .
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out