EUR/USD. Forecast for August 12, 2013
August 12, 2013 8:15 amVideo
Latest News
- Analysis of EUR/USD pair on May 31st. EU inflation supports the euro May 31, 2024
- Analysis of GBP/USD pair on May 31st. The PCE index also works against the dollar May 31, 2024
- USD/JPY: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- GBP/USD: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- Technical Analysis – US 100 stock index might lose more in short-term May 31, 2024
- EUR/USD: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- GBP/USD: trading plan for the US session on May 31st (analysis of morning deals). The pound was bought in the area of 1.2706 May 31, 2024
- EUR/USD: trading plan for the US session on May 31st (analysis of morning deals). The euro continued to grow May 31, 2024
- EUR/USD. May 31st. The economic data stopped the bears again May 31, 2024
- GBP/USD. May 31st. Bears remain weak and the pound rises alongside euro May 31, 2024
- Weekly Forex Outlook: 31/05/2024 – ECB cut might get eclipsed by BoC surprise and NFP May 31, 2024
- Cryptos consolidate as spot Ether ETF excitement fades – Crypto News May 31, 2024
- Technical Analysis – USDJPY may retest 157.70 May 31, 2024
- June forecast: Dollar index poised for growth May 31, 2024
- Week Ahead – ECB rate cut might get eclipsed by BoC surprise and NFP report May 31, 2024
- Forex forecast 05/31/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga May 31, 2024
- EUR/USD and GBP/USD: Technical analysis on May 31 May 31, 2024
- Market Comment – US and Eurozone inflation data in focus May 31, 2024
- Technical Analysis – EURGBP stuck around the crucial 0.8500 floor May 31, 2024
- Technical Analysis – USDCAD meets uptrend line again and again May 31, 2024
On Friday, data on Industrial Production in France and Trade Balance in Italy was lower than forecasts and investors preferred to close the positions. On Friday, the euro dropped 40 points.
Today at 22:00 UTC+4 US Federal Budget in July is published; forecast -$96 billion vs. $116.5 billion in June. Probably, investors will continue to move out of risk (the euro), as the US stock market has been falling for a week.
From the technical point of view, the price has rebounded from blue trend line on the daily chart. On the H4 the price has broken the like of Kruzenshtern (blue sliding). Meanwhile, being a trend indicator, the line reverses downwardly. Marlin oscillator on the H4 moved lower the zero line. The first bearish line is 1.3300. If the rate consolidates under the level, the second target 1.3260/65 opens.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: