The outlook for EUR / USD: After reaching a low of 1.0937 there was profit. In my opinion there is a chance for the return movement at around the level of 1.10. Then the voice should reach the supply side, for the purpose of which is support at 1.0896 (minimum of 28 October). Further props for supply will minimums of 5 and August 7, respectively, 1.0847 and...
After breaking the support at the level of 1,0808-1,0810 currency pair will head towards this year's lows 1,0460. Support for supply activities will be the ECB and the Fed.
The outlook for EUR / USD: The currency pair is currently in revision, which reached the level of 1.1073, negating the whole declines that occurred after the release of the FOMC statement. Then there was profit-taking. The situation on the currency pair has not changed namely after completing the correction we should see further declines. (Supported by supply...
The beginning of the current week is marked by correction of recent decline that took place after the conference, Mario Draghi. (Eventually, the common currency ended last week, a decline from the 1.1349 to the 1.1018 level, which is the worst weekly performance since May of this year). Returning to the technical situation on the EUR / USD pair is worth noting...
The currency pair after the recent strong decline, is ready for correction trend. Support for the demand side are today's weak data from the US and the strong oversold. The purpose of the demand in the area should be 1,1140-1,1190. Then, after the correction we should see further declines towards 1.08.
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...
Today, market attention will draw on data. Crude oil inventories drawn up by the American Petroleum Institute (API) published in the chair. 22:40 Polish time. Polled by Reuters assume an increase of 1.8 mln barrels. If today it comes to growth will be limited, due to the oversupply of oil on world markets. The maximum range for growth is the level of 49 $ -50 $...
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....