RobertPapon
Short

Analysis and forecasts for EUR / USD on 26.05.15

FX:EURUSD   Euro / U.S. Dollar
Summary Monday at a glance:
Small liquidity and apathy in the stock market in the absence of markets for the US and the UK. The currency pair moved today, in a narrow range between 1,0958-1,1011 within the local consolidation.

Economic Calendar for Tuesday:
14:30 USD Core orders of fixed assets
14:30 USD Orders assets
15:00 USD composite house price index S & P / CS             ,
15:45 USD PMI index for services
16:00 USD Consumer confidence Conference Board
16:00 USD Sales of new real estate
16:00 USD New Home Sales

Forecast for Tuesday:
The situation on the currency pair has not changed. In a broader perspective, I look forward to further declines towards 1.08 but before they happen, we should see a correction recent declines. In my opinion, the course discussed the currency pair should reach around the resistance zone 1,1055-1,1060. At present, this corresponds to the upper limit the downward channel . Even raise these levels and reach the resistance level at 1.1090 will not be a pretext to change the trend. In my view, the downward variant is the preferred option and any breaking upward, the market will be treated as a good opportunity to open short positions.

Common currency still pregnant Greece and worse readings by members of the US Fed is a temporary problem.

I encourage everyone to comment and wish you many successful investments.
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