Forecast for EUR / USD for November 9, 2018
November 9, 2018 8:21 amVideo
Latest News
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
- What’s next for markets amid Israel-Iran tensions? – Special Report April 16, 2024
- Technical Analysis – GBPUSD pulls back into the negative zone April 16, 2024
- Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch April 16, 2024
- Technical Analysis – AUDUSD breaks the lower bound of a sideways range April 16, 2024
- Video market update for April 16, 2024 April 16, 2024
- Hot forecast for EUR/USD on April 16, 2024 April 16, 2024
- Technical Analysis – EURUSD dives further near 1.0600 April 16, 2024
- XM 2024 Ramadan Promotion Winners April 16, 2024
- EUR/USD and GBP/USD: Technical analysis on April 16 April 16, 2024
- Key events on April 16: fundamental analysis for beginners April 16, 2024
- Overview of the GBP/USD pair. April 16th. The pound may rebound, but the flat is over, and there are no reasons for growth April 16, 2024
EUR / USD
In the first half of yesterday, the euro fell by 30 points under pressure from retail sales data. There is also another 30 points lost on Wednesday (0.0% in September) and a weak trade balance of Germany and France on Thursday (17.6 billion from Germany against the forecast of 18 2 billion and -5.7 billion euros from France). This is according to the release of the Fed statement on the results of the Euro session. The statement noted the acceleration of economic growth and employment rates.
On the four-hour chart, the price was fixed under the lines of balance (red) and the trend Krusenstern. Now, looking on the daily and four-hour charts clearly pronounced downward trend. Congressional elections have passed, the hype has stopped, both parties welcome a strong dollar. The Republican – as an effect and an instrument of economic expansion and Democratic – as the best condition for expanding banking influence in the world. Next week, the Treasury is placing $ 84 billion in short-term debt (bills and bonds up to 1 year). And in a week, we are waiting for a new wave of placement of medium and long-term securities. So, we are waiting for the euro at the level of 1.1300. After fixing another round target, 1.1200 opens under it.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: