17:14Forex forecast. Overview of the euro / dollar on 22/10/13
Technical, fundamental analysis of the situation and the forecast for today.|
Accumulation, about which I wrote yesterday, ended the projected growth . Now that the asset has reached a new sector of interest can talk about fresh order . The picture can be developed as follows:
1) Further increase to 1.3786 , and then turn down ( strong downward correction )
2) The growth will stop and start new accumulation outside the range of interest, which would bring down the price down .
Which of the scenarios expected by the market at the moment is not possible, use a technique Market Receptor for qualitative assessment of what is happening . Volumetric analysis of the upward trend with the primary purpose of 1.3770 . Candlestick analysis indicates the possibility of correction after so active growth, but the open short while I do not recommend .
Will only be able to sell actively to achieve the 1.3786 price mark (after reaching its price will face significant resistance , which in the end will lead to correction). The support will be met on the way Bears : 1.3720 - 1.3725 . At the intermediate level there are bulls on the way to 1.3786 is the range of 1.3750 - 1.3760 . Forex forecast for today on the side of continuing an upward trend , with a smooth transition to the bearish corrective movement to reach 1.3780 !
The fundamental outlook for the EUR / USD
Today's news about unemployment in the United States played a final role in the growth of the asset , an avalanche-like accumulation of short positions has led to an increase in prices to the specified values ? This prospect was viewed yesterday , and I think that all those who have followed my strategy had won ! The U.S. economy continues to decline their positions to the dollar machine , which is reflected in the current situation! Continuous growth likely to end strong , repetitive accumulation to continue the upward trend , but more on that later!
Conclusion: an analytical review and forex forecast for today: medium-term priorities on the side of the bulls, the target ( 1.3770 ) . 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 , 1.3589 , 1.3612 , 1.3713 , 1.3740 ) - 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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