12:08Forex forecast . Overview of the euro / dollar on 28.11.13
|Forex forecast . Overview of the euro / dollar on 28.11.13|
Technical, fundamental analysis of the situation and the forecast for today.
The big players are buying actively selling in the market , which raises the price of the asset , so the price may rise to values of 1.3624 . If we look at the 4- hour chart can qualitatively predict the most long-term vision tsenoizmeneniya which apparently is based on the sale of shopping most traders minority major players.
Thus, the most likely option is the development of the situation falling asset prices with the primary objective of 1.3548 , and then 1.3500 . Volumetric analysis and uninteresting bands scheduled to fully confirm the downward trend . Candlestick analysis also bears on the side , the last descending candle on 4- hour chart is a true bear .
Forex forecast for today bears on the side as a priority medium-term trend for the purpose of 1.3548 , 1.3500 . STRONG SELL recommend above 1.3570 and buy at 1.3548 level ( small lot with a close stop ) , as well as below average 1.3493 lot.
Ranges that serve as a strong resistance for the bulls ( in the analysis of 30 minute chart ) : 1.3588 - 1.3598 , 1.3613 -1.3624 . Support waits at levels 1.3566 - 1.3574 , 1.3515-1.3526 .
The fundamental outlook for the EUR / USD
Today at 12:55 GMT, will be known data on changes in the number of unemployed in Germany , which indirectly affect the market actively priorities of the European currency. If the unemployment rate in the central eurozone countries increase , we can expect growth in asset prices . Data on unemployment are attached such, the level of consumer confidence and Europe's economic growth statistics at 14:00 Moscow time , then the consumer price index in Germany at 17:00 GMT. Of course in the case of negative data for the EU economy can be expected to increase in the asset price.
Conclusion: an analytical review and forex forecast for today: medium-term priorities on the side of the bears target ( 1.3548 , 1.3500 ) , 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 :
1.3548 , 1.3515 , 1.3500 , 1.3493 , 1.3613 , 1.3624
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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