RobertPapon

Analysis and Forecast for Wednesday 08/04

FX:EURUSD   Euro / U.S. Dollar
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Today we saw declines in around 1.09 level that has not been saved, and in accordance with an alternative embodiment of the declines seen in the vicinity of 1.08. Minimum of fell slightly higher at 1.0814. It seems that the market is trying to discount the concerns of Greece, which promises to repay within its obligations.

The economic calendar for Wednesday:

Orders factories in Germany and retail sales in the euro zone
US: FOMC minutes of the meeting.

Forecast for Wednesday:

From a technical point of view: after a very strong declines and strong buying today, is a chance to rebound. In this case, I mean the appreciation of the euro in the first place to 1,0850-1,0860 and then to 1.09. Keep in mind that the level of 1.09 is the key. What does it mean? If you wybroniony is the EUR / USD will head south again and then come to test the level of 1.08. Tomorrow we will see the minutes of the FOMC meeting. In my opinion, there will be different from the protocol, which met in March, which will mean that interest rate hikes will be shifted in time (fall?). This should lead to a weakening of the dollar (20:00) and indicate that the level of 1.09 is broken. If this happens it falls from the last summit will only be a correction. In the next phase of growth would expect.

Note: at 20:00 we expect stronger movements on the EUR / USD pair.
Note: The euro at the expense of all the time affects the unresolved issue with Greece, which can lead to nervousness in the market!

The alternative version of the course discussed a pair of beats down 1.08 level will lead to declines in the vicinity of 1.07.
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