13:38Forex forecast . Overview of the euro / dollar on 25/11/13
Forex forecast . Overview of the euro / dollar on 25/11/13|
Technical, fundamental analysis of the situation and the forecast for today.
Today Euro falls into the stream downward trend , evidenced by the volumetric and candlestick analysis methods , also on the side of the bears is the fact accumulation above $ 1.3546 . A similar pattern is fully consistent with my previous prediction with the role as long-term bear market leader. Forex forecast for today bears on the side as a priority medium-term trend for the purpose of 1.3526 ( 1.3515 ) .
STRONG SELL recommend now, while shopping with a range of 1.3526-1.3532 support ( small lot) and 1.3505 - 1.3514 ( average lot, regarding your main trading volumes ) . Bulls meet with strong resistance at levels in the range of 1.3545 - 1.3550 , 1.3575 - 1.3585 .
I note that in the analysis of the graph using the x-lines there is a broad range of uninteresting in 1.3545 - 1.3570 , indicating the need for activation of the accumulation process for the further growth of the asset. The range in which can accumulate short positions 1.3515-1.3532 . Another signal to the accumulation of the virtual disappearance of important news releases today. Data on the U.S. dollar, which are pragmatic , can not fundamentally change the situation.
The fundamental outlook for the EUR / USD
Newsflow today is not much different from the lack thereof , and therefore need to be prepared to continue formed downward trend in the price of the asset . Data that will reflect statistics on pending transactions in the sale of property , will have a qualitative impact on the current market situation . Special attention is given only an index of business activity in the industrial sector , which is published by the statistical office of Dallas. This information comes out at 19:30 GMT, and be able to send the market to its ultimate goal , although it will be a weak guide push, it should be taken into account. So positive statistics (growth index ) - asset growth .
Conclusion: an analytical review and forex forecast for today: medium-term priorities on the side of the bears target ( 1.3526 , 1.3505 ) , the bulls are a priority short term trend . 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 :
1.3415 , 1.3432 , 1.3473 , 1.3496 , 1.3501 , 1.3526
Note: This article is not an analytical guidance and reflects the personal opinion of the author.
Shikhaliev Farid , Analysis and Market Forecasts Forex
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