15:51Forex forecast . Overview of the euro / dollar on 10/23/13
Technical, fundamental analysis of the situation and the forecast for today .|
Asset is in a state of active accumulation. On the side of long positions is already a decent asset accumulation , which may also affect the price. The only point at issue is sufficiently active open pending sales below 1.3778 , which can enter the price into balance . Volumetric analysis of the bulls, the market is a typical pattern of price reversal is likely to continue to be an asset to the accumulation of shifting the balance in one direction or another .
Candlestick analysis on the side of the bulls, blocking the candles on the border of support. Forex forecast controversial with the technical superiority of bulls. Today , as never fully reflects the pattern of an upward trend during the period of correction fee. The fundamental background is almost empty , indicating that the established trends in the market and misguided enough players. Bulls meet such obstacles in the way : 1.3825 - 1.3845 , 1.3936 - 1.3955 , bears waiting for support in the range : 1.3752 - 1.3737 .
Actively recommend buying now, or rather at the upper limit of correction 1.3753 . Sales can activate with the above ranges of resistance.
The fundamental outlook for the EUR / USD
Today's news is coming out at 18:00 GMT and reflects the structure of the level of consumer confidence in the EU can set a new tone of the current situation. Before European news expected export price index at 16:30 and the house price index at 17:00 , both of these have to average the influence of news and uniquely able to provide some kind of influence on the price . Growth in consumer confidence in Europe , combined with the growth in house prices will lower the price of the asset and vice versa decline in consumer confidence , combined with a fall in house prices would lead to an increase in the price of the asset .
Conclusion: an analytical review and forex forecast for today: medium-term priorities on the side of the bulls, the target ( 1.3825 ) . Downward trend will manifest itself as a corrective component . See the proposed concept of trade and make appropriate conclusions.
Intermediate levels of support and resistance for today .
Thus, for a 30- minute analysis period :
( 1.3661 , 1.3643 , 1.3588 , 1.3611 , 1.3712 , 1.3741 ) - the levels are kept .
Attention : This analytical article is not a guide to action and reflects the personal opinion of the author.
Shikhaliyev Farid , Analytics Forex Market
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