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Forex forecast . Overview of the euro / dollar on 10/25/13
Technical, fundamental analysis of the situation and the forecast for today.

Currency is disputed 1.3786 -1.3804 price range , the upper and the strongest resistance cleaned ( price 1.3804 ceased to interest the majority of traders , it can be seen by X-Lines), the next goal finally selected a mark 1.3875 . Volumetric analysis indicates depletion of the downward trend , which, in combination with a candlestick chart shows the priority of the bulls in the market.

Forex forecast on the side of the bulls with the primary purpose of 1.3875 . What is happening now - the standard process of accumulation of short positions to leap up. The fundamental background to the lack of significant news on the Euro confirms the lack of balance in the market. You can buy now at this point in the chart price 1.3803 , as you can with the correction down 1.3780 ( best option ) .

Since I do not know the situation on the market at the time you read this guide , I propose to focus on review , taking into account the time of publication. Upon reaching the mark of a strong positional resistance 1.3875 , the price is likely to be adjusted down to one of the ranges of support: 1.3820 - 1.3825 , the most likely range.

The fundamental outlook for the EUR / USD

News background is relatively scarce , there is only the statistics on U.S. orders for durable goods at 16:30 GMT. Such information desolation meets the standard market scenarios without the presence of the balance of power . I will mention only the data on the British economy, which in the form of GDP will have an indirect impact on the European currency. The fact is that between the GDP of the EU member states and the EU's GDP actually has an economic correlation, knowing that investors will start selling the Euro in the case of poor or no modified data . Thus, the decline in GDP growth - Euro , British GDP growth - the fall of the Euro.

Conclusion: an analytical review and forex forecast for today: medium-term priorities on the side of the bulls, the target ( 1.3875 ) . 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 :

1.3761 , 1.3744 , 1.3788 , 1.3820 , 1.3875 , 1.3901 .

Attention : This analytical article is not a guide to action and reflects the personal opinion of the author.

 Shikhaliyev Farid , Analytics Forex Market
Category: Forex Forecasts | Views: 847 | Added by: Tyler | Rating: 0.0/0

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