RobertPapon
Short

Analysis and forecasts for EUR / USD 07/10/15

FX:EURUSD   Euro / U.S. Dollar
Summary Tuesday:
On Tuesday, quite unexpectedly he realized variant alternative, which envisaged a return to levels around 1.1240. In the first part of the demand led the counterattack, with the level of 1.1174 and overcame resistance at 1,12-1,1215. Then, after a period of consolidation, the demand side broke the resistance at 1.1240, bringing the course to the next resistance zone 1,1270-95. Maximum recorded at the level of 1.1276.

The economic calendar for Wednesday is empty. The only noteworthy data will flow from Germany, when it will be announced industrial production.

The forecast for Wednesday:
In view of the recent rally that took place on Tuesday, during the hours we should see profit-taking. In this case, the supply side will have a chance to bring the course toward the 1.1240 level.

If the defense is demand support, it will be possible to increase towards recent highs. This means that once again we will go towards 1,1270-95 resistance zone (maximum 24 September). In the case of the euro             zone overcome the Eurodollar should reach the next resistance 1,1318-33 (maximum of 21 September). Breaking down the last resistance negate the downward variant.

On the other hand, if the supply side breaks the support level of 1.1240 it will open the way to lower price levels. The EUR / USD will move towards support levels 1,12-1,1215 zone. Further props levels for supply after the break in / at support levels will be at least Tuesday's 1.1174 and support at 1.1155.
thank so much
Reply
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
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out