EUR/USD Technical Analysis & Daily Chart

The American dollar lost some of its positions last night and has given a chance for the euro to recover.

Technical Analysis
12 oct. 2017
EUR/USD Technical Analysis & Daily Chart

The USD eased off against major currencies throughout the night. This was largely due to somewhat disappointing statements from the Federal Reserve, which cast doubt on investors’ confidence in the dollar once more.

The EUR/USD is approaching the level of 1.19 steadily. The price level surpassed the 61% Fibonacci level (1.1876) overnight. There is some probability for the pair to switch its movement and back down to the nearby support at 1.1829.

Today we have some important data that may further strengthen the euro. For instance, the eurozone will release statistics on industrial production levels (where we expect growth), while the United States are publishing their numbers on the PPI, Unemployment Claims, and oil reserves.

As of the moment of this article’s publication the EUR/USD is trading around 1.1854 and the technical indicators recommend opening sell positions.

SuperForex
AUD/USD Technical Analysis

Technical Analysis

AUD/USD Technical Analysis

SuperForex
12 oct. 2017
XAU/USD: Short Review & Forecast

Technical Analysis

XAU/USD: Short Review & Forecast

The strong USD and the high probability of a rate hike this year put pressure on the GOLD. However, the geopolitical situation can change everything.

SuperForex
11 oct. 2017
EUR/USD Technical Analysis & Daily Chart

Technical Analysis

EUR/USD Technical Analysis & Daily Chart

The pair seems to be quite unstable, so today we have a number of opportunities.

SuperForex
10 oct. 2017