EUR/USD. Forecast for October 11, 2013
October 11, 2013 7:30 amVideo
Latest News
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
- Midweek Technical Look – EURUSD, US 500, WTI April 18, 2024
- Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024
- Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 18, 2024
Data on Europe continues to be weak. Industrial Production in France in August grew 0.2% vs. forecast for 0.7%. Italy’s Industrial Production dropped 0.3% vs. forecast for 0.6%.
During yesterday’s speech, Mario Draghi tried to be neutral; however, amid weakening economic indicators he was forced to admit the perspectives of further deterioration of the economic situation. In the US the White House and the Congress have not come to an agreement yet. Republicans are ready to make some concessions. Today the talks continue. We suppose that data issued today has little importance.
From the technical point of view, on the H4, the triangle has been formed; its break to the upwards may lift the price to the range 1.3549/65. As far as agreement on the budget may be reached during the weekend, the investors possibly prefer to close the buys. We regard the alternative with the break of support of trend line on the H4 1.3497 and downward movement to 1.3452, the high of August 20 and lower to 1.3396, support on the daily time frame as the major scenario.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: