On Monday, the eurozone’s de facto trade balance for September came out: 17.0 billion euros against a forecast of 24.2 billion. According to this indicator, the eurozone ended up in mid-2013. However, the euro was bought out against the data . In the evening, the NAHB’s business activity on the housing market (the decline in November from 68 to 60 points) played poor service to the dollar, and the euro rose by 36 points, having worked out technical resistances on the daily chart such as the trend line of the older TF and indicator line balance.With the achievement of important technical levels, the likelihood of a reversal of the euro has increased. Marlin oscillator signal line is more confidently turning down even on the daily chart. In the United States, October data on laying new homes will be released – 1.23 million forecast against 1.20 million a month earlier. Perhaps the data investors will not ignore this. We continue to wait for the euro to support the Krusenstern line on the four-hour chart (1.1350), after which the goal 1.1190 is opened.
The material has been provided by InstaForex Company – www.instaforex.com
EUR / USD
On Monday, the eurozone’s de facto trade balance for September came out: 17.0 billion euros against a forecast of 24.2 billion. According to this indicator, the eurozone ended up in mid-2013. However, the euro was bought out against the data . In the evening, the NAHB’s business activity on the housing market (the decline in November from 68 to 60 points) played poor service to the dollar, and the euro rose by 36 points, having worked out technical resistances on the daily chart such as the trend line of the older TF and indicator line balance.With the achievement of important technical levels, the likelihood of a reversal of the euro has increased. Marlin oscillator signal line is more confidently turning down even on the daily chart. In the United States, October data on laying new homes will be released – 1.23 million forecast against 1.20 million a month earlier. Perhaps the data investors will not ignore this. We continue to wait for the euro to support the Krusenstern line on the four-hour chart (1.1350), after which the goal 1.1190 is opened.
The material has been provided by InstaForex Company – www.instaforex.com
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