The currency pair is in an area important resistance level at 1.1240. This may mean that in the coming hours we will see the activation to the demand side, which should push the exchange rate at around 1.12. If a fracture of support 1.12, the next goal is the level of 1.1155. In the evening, Mario Draghi may lead to a weakening of the euro against the dollar.
Summary Monday:
The first part of the session took place under the dictation of the demand side, which led to increases in the vicinity of an important resistance zone at 1,1270-95. After peaking at 1.1290, the supply carried out a counterattack, erasing earlier gains in its entirety., Defeating the occasion of support at 1,12-1,1215. Summing up the first session...
Unexpectedly weak readings from the US economy, which met at the end of the week supported the single currency, which ultimately strengthened by only 0.16%. Data from overseas suppressed the hawkish comments of FOMC members who suggested this year's increase in interest rates. Market expectations related to the action by the Federal Reserve shifted to the first...
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...
Wednesday analyzing the macroeconomic data would especially like to draw attention to the reading of the CPI for the Eurozone, which amounted to 0.1%, against a forecast of 0.0%. Recently we were so weak reading in April 2014. Europe is teetering on the verge of deflation, which could soon force more action from the ECB. Certainly weak data which met on Wednesday,...
The situation on the currency pair remained virtually unchanged. At the moment we find ourselves in a hypothetical channel growth. Limitations of the channel coincides with a zone of resistance and support levels 1,12-1,1215 and 1,1270-95. Overcoming any of these levels will indicate the future direction for the currency pair discussed.
The outlook for the EUR /...
On Tuesday we will know the indicators of inflation for Spain and Germany. In contrast, the United States will flow data on the trade balance of goods and the consumer confidence index reading by the Conference Board.
It is worth mentioning that Tuesday's reports are important in the context of future policies and possible action by the Fed and the ECB.
The...
Forecast for Monday:
On Friday defended demand the support level of 1.1115 and then there was a return of around 1.12.
At the beginning of the week we may see a return in around the level of 1.1240, which has repeatedly represented a strong barrier to demand. In the event of overcoming the above-mentioned resistance further object appears to be correct resistance...
The currency pair is extremely sold out which should allow the development of correction. First, the demand should lead to growth in the 1.1155 area and then after the break in around 1.1181. At higher price levels to the game should turn to the supply side.
On Wednesday, the ECB president will speak Mario Draghi, who can relate to the idea of increasing the QE...
The outlook for EUR / USD pair on a Tuesday:
On Tuesday, the economic calendar is empty, which should allow the demand side to catch your breath. In this case, the demand should lead to the elimination of part of the recent declines. The purpose of the demand should be resistance at 1,1243-47 (peaks in the first half of September and the 23.6% fibo recent decline...
The most important event of last week was the Fed's two-day meeting at which it was kept interest rates unchanged. It just was not a surprise but I strongly dovish statement could surprise. Members of the Fed seeing the turmoil surrounding the Chinese economy remained very cautious and almost unanimously spoke in favor of keeping the current interest rate....
Last week, the euro strengthened against the dollar by 1.62%. In the first part of the week the currency pair moved sideways, which was caused by the absence of significant macroeconomic data. On Thursday and Friday we met weaker readings from the US, which supported the euro. The demand has led to pierce key resistance and has driven the course to the level of...
Tuesday's session was marked by the continued trend of building side, which of course was the result of non-essential macroeconomic data. On Tuesday Although we know better data on German trade balance and GDP for the euro zone, but the readings did not translate into greater volatility in the EUR / USD pair. The demand has led in the morning to break the 1.1179...
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...
The beginning of the week is marked by correction of recent declines that took place last week. The demand has led to a break the first resistance level at 1.1286 (23.6% decline from the abolition of 1,1712-1,1155) and then on Tuesday, there was a failed attack on the resistance at 1.1368 (38.2% abolition recent declines). Maximum recorded only at the level of...
At the moment the currency pair is in a correction of the recent declines in the level of 1,1712-1,1155. Demand has a chance to bring the course to the level of 1,1277-82 (23.6% fibo) and 1.1367 (38.6% fibo.).
A variant of the correction seems to be the preferred option. However, keep in mind that tomorrow we have a lot of data from Europe and the US, which might...
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...
