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Forex forecast . Overview of the euro / dollar on 28/10/13

Forex forecast . Overview of the euro / dollar on 28/10/13

Technical, fundamental analysis of the situation and the forecast for today .The resistance that met the European currency at 1.3830 proved to be powerful enough to re downward correction . Now that the Euro is trading in a small wave flat market we can talk about a possible trend reversal .The fundamental background is almost empty , indicating that the presence of an imbalance in the market , the first news that will affect the balance of power on the euro / dollar is a statistic U.S. industrial production for September, opening at 17:15 GMT. Volumetric analysis reveals scant potential for further growth of the pair , which could result in two main situations in theForex forecast . Overview of the euro / dollar on 28/10/13


Technical, fundamental analysis of the situation and the forecast for today .

The resistance that met the European currency at 1.3830 proved to be powerful enough to re downward correction . Now that the Euro is trading in a small wave flat market we can talk about a possible trend reversal .

The fundamental background is almost empty , indicating that the presence of an imbalance in the market , the first news that will affect the balance of power on the euro / dollar is a statistic U.S. industrial production for September, opening at 17:15 GMT. Volumetric analysis reveals scant potential for further growth of the pair , which could result in two main situations in the market:

1 ) Go to the stage of active asset accumulation of certain positions.

2) Long-term flat ( an unlikely scenario)

The basis for the further growth of the asset continues to be that mass of short positions, which is involved in the breakdown of the market for short-term 1.3778 . Resistance bands that will meet on the way bulls : 1.3822 - 1.3826 , 1.3880 - 1.3887 . It bears a dense distribution of levels: 1.3778 - 1.3785 , 1.3767 - 1.3770 , 1.3762 - 1.3765 . The current scenario is similar to the transition in the reverse process of accumulation, now became the main link of long positions, which may reduce the price of the asset down to 1.3755 . Forex forecast for today with a slight controversial technical superiority bears with the primary purpose of 1.3755 .



The fundamental outlook for the EUR / USD

Today has brought an abundance of news. Today, information is the most developed statistics on the U.S. manufacturing sector . As I noted above , it can be connected just with a better formation of the market trend. Offset from the outside, is not required.

The U.S. economy is starting to gain momentum after a few failures in the external diplomatic status . Most likely the fact that the U.S., so try to stretch their economic potential in time for the involvement in the economy of all new money .

Conclusion: an analytical review and forex forecast for today: medium-term priorities on the side of the bears , the target ( 1.3755 ) . The upward 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 :

1.3764 , 1.3745 , 1.3788 , 1.3820 , 1.3875 , 1.3902 .

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

Shikhaliyev Farid , Analytics Forex Market market:1 ) Go to the stage of active asset accumulation of certain positions.2) Long-term flat ( an unlikely scenario)The basis for the further growth of the asset continues to be that mass of short positions, which is involved in the breakdown of the market for short-term 1.3778 . Resistance bands that will meet on the way bulls : 1.3822 - 1.3826 , 1.3880 - 1.3887 . It bears a dense distribution of levels: 1.3778 - 1.3785 , 1.3767 - 1.3770 , 1.3762 - 1.3765 . The current scenario is similar to the transition in the reverse process of accumulation, now became the main link of long positions, which may reduce the price of the asset down to 1.3755 . Forex forecast for today with a slight controversial technical superiority bears with the primary purpose of 1.3755 .The fundamental outlook for the EUR / USDToday has brought an abundance of news. Today, information is the most developed statistics on the U.S. manufacturing sector . As I noted above , it can be connected just with a better formation of the market trend. Offset from the outside, is not required.The U.S. economy is starting to gain momentum after a few failures in the external diplomatic status . Most likely the fact that the U.S., so try to stretch their economic potential in time for the involvement in the economy of all new money .Conclusion: an analytical review and forex forecast for today: medium-term priorities on the side of the bears , the target ( 1.3755 ) . The upward 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 :1.3764 , 1.3745 , 1.3788 , 1.3820 , 1.3875 , 1.3902 .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: 520 | Added by: Tyler | Rating: 0.0/0

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