Analysis EUR / USD: In recent days last week, the supply has led to declines, setting new minimum. Currently, the course is located around support at 1.08. This means that once again returned to the channel of the drop. Nearby hours should lead to a correction of the recent declines, towards level 1.0840 (the upper limit of the channel). Bearing in mind the words...
Today there was a false breaking. We returned between 1.08 and 1.0945. Another day of consolidation. If you do not beat the 1.09 and 1.0945 it is possible to return toward important support at 1.08. Breaking resistance 1.0945 will open the way towards 1,0980-90.
Defence support at 1.09 leads to an increase in resistance towards 1.0945 and 1.0987. 1.09 If the support is broken, the supply will lead to declines in around 1.0847 and 1,08-1,0810 In summary analysis should remember that regardless of the data that will be announced early in the week, the effect of supply and demand may be limited because of the anticipation...
During the Thursday session, we witnessed the failed attack on the resistance level of 1.0945. The supply side decisively taken the lead and consequently led to return inside the channel succession. Minimum fell below Thursday's opening at 1.0834. Ahead of us the last session of the week, which may give an answer as to the further direction of EURUSD in the...
Wednesday's session took place under the dictation of the demand side, which in the first part of the day we defend support at 1,08-1,0810. Then, as expected, demand led the counterattack towards the upper limit of the downward channel. Maximum recorded at the level of 1.0883. Thursday is another day where we do not have too many macro data. In the afternoon it...
The situation in the most important currency pair failed despite breaking above resistance at the 1.0940 level has not changed. Demand side only reached the level 1.0971 and then supply systematically pushed euro-dollar exchange rate to lower price levels. Minimum fell to 1.0847 level. On Tuesday, we do not have any data on the calendar macroeconomic and this...
Overcoming the level of 1.0940 opens the way to the page level 1,0980-90 and 1,1025-60. Alternative version assumes the defense 1.0940 level and return to last a minimum of around 1.0810. Option upside for me is the preferred option. Please note that key resistance is around 1,11-1,1140 (peaks from October 23).
Ahead of us the most important week of the year due to a Fed that at the next meeting (15-16 December), has decided to commence a series of increases in interest rates and present to forecast further rises in 2016. Investors in particular will await a press conference, Janet Yellen, which will take place 30 minutes after the Fed meeting. At the moment, the chances...
During Thursday's session we have witnessed, gave attacking the demand side. From the daily minimum (1.1136), demand led to growth in the area around support levels, noting 1,12-1,1215 high of 1.1208. Largely thanks to Thursday's gains were weaker economic data from the US. (Applications for unemployment benefits were at 277 thousand. Against a forecast of 270...
In the first part of the week, we have seen increases, which were caused by good readings from Germany and the euro zone. The strong support for the euro was also weak readings from the US. The EUR / USD made a high of 1.1333. Then, the common currency began to lose in anticipation of Thursday's Mario Draghigo conference after the ECB meeting. As expected, the ECB...
The first part of the week was marked correction of recent declines that took place last week. On Tuesday, there was a failed attack on the resistance level of 1.1368. Demand reached only to the level of 1.1333 and then the supply has led to declines. The weakness in demand we have seen also during Wednesday's session, when the EUR / USD retreated despite weaker...
Thursday was another day where we could watch the appreciation of the dollar against the euro. The supply side supported by very good data from the US, no major problems overcome support at 1,1277-82 (61.8% Fibonacci retracement increases of 1,1016-1,1712). Then the supply headed for the area aids at levels 1,1180-1,1225 I presented as a goal in yesterday's report...
Oil is close to this year's lows 44 $ -45 $ per barrel, which should in the near future to limit further declines in prices. Nevertheless, you should remember not only the production oversupply by the OPEC area countries, which to a large extent, does not allow for the development of correction, or larger increases. Yesterday the US Department of Energy gave...
On Wednesday, despite a whole series of data from Europe and the US data, we did not get a definite answer as to the future direction of the currency pair discussed. It is worth mentioning that the PMI for the euro zone's biggest economy, and for the whole euro zone were better than expected. In contrast, US data proved mixed, the reading of ADP was worse than...
Summary Monday: The dollar gained slightly today despite better data from Germany and the Euro zone. Data from the US were much worse than expected but did not harm the dollar. Finally, none of the parties have failed to lead to a decision, no key levels have not been punctured. Minimum today recorded at the 1.0940 level which is above the major support at...
Summary of last week: Neither side could not take the initiative, which resulted in minimal appreciation of the euro against the dollar. The opening took place at the level of 1.0971, and closing the week slightly higher as at the level of 1.0988. On the one hand, we had information that supported the dollar (the basic contract of fixed assets and records of the...
The currency pair reached last week to the resistance zone located around the level of 1.3101. Recently such high price levels we saw on July 24, and in 2008-2009. Strong gains last week were caused by poor GDP reading for Canada (-0.2% at the forecast 0.1%). It is not without significance for the Canadian dollar remain further declines in oil prices, to which the...
Summary Wednesday: Today most of the day the market behaved fairly stable waiting for the FOMC notes. To greater volatility occurred after the announcement notes. The currency pair after breaking the resistance level at around 1.1065 eventually turned south, breaking the 1.10 level. At the moment, the minimum recorded in the second support around 1.0966. The Fed...