Monday, 25 February 2019

EUR / USD

Posted by Anonymous at 12:58 Labels: ,
The EUR / USD pair cannot determine the trend and spent the last three trading days in a narrow price channel, with borders at levels 1.1320-1.1360.
The main reason for the formation of the channel is the fact that now both currencies are under some pressure after the publication of internal statistics, as well as the influence of other factors.
In Europe, the focus of investors is on German data. Statistics of recent months shows a significant slowdown in the growth rate of the main economy of the European Union, which can have a strong negative impact on the situation in the EU as a whole. This morning, German Finance Minister O. Stolz said that the country's economy is still moving in an uptrend, even though in the near future growth rates will be much lower than in similar periods of previous years. At the same time, among the main risks for the German economy, Stolz noted the Brexit problem.
The dollar is mainly influenced by the uncertainty associated with the US-China trade negotiations, which continue in Washington, as well as domestic statistics, which indirectly indicate a possible slowdown in US economic activity. Although the Fed's notes published last week showed that the regulator's policy in 2019 may be tougher than investors had expected earlier.
During the week it is the internal statistics data that will have the main influence on the further price vector.
On Monday, no major events in the United States and Europe are expected.
On Tuesday, the speech of the British Prime Minister Theresa May could have a strong influence on the currency trading (the exact time of the speech is still unknown). On the same day, a report on the construction sector and an index of consumer confidence will be presented in the United States, and at 18:00 Moscow time, Jerome Powell will speak to the US Senate Banking Committee.
The presentations of the ECB representative Kere and the head of the Bundesbank Weidmann should take place on Wednesday. In the US, there will be  much more important news. At 1:15 pm London time, employment data from ADP will be presented. Later, a report on production orders and pending sales in the real estate market. And on the same day there will be another speech by the Fed Chairman in the relevant committee of the US Congress.
On Thursday in Europe, in focus will be preliminary data on the consumer price index in selected EU countries. In the US, among the most significant events are the speeches of the FOMC members Bostic, Harker and Kaplan and the publication of a report on GDP growth for the fourth quarter of 2018.
On Friday, a large block of statistics will be presented in both Europe and the USA. In the first half of the day, the report on the German labor market, data on the PMI of the services sector in this country and in the EU as a whole, the report on the EU labor market and preliminary data on inflation in the region will have an impact on trading. In the US, you should pay attention to the report on expenditures and incomes of individuals, as well as the index of business activity of the manufacturing sector from ISM.
On the graph, the situation in recent days has minimum changes. At higher time intervals, the bearish trend with the immediate ефкпуе at the level of 1.1200 remains dominant. At lower intervals, a side movement develops with borders at levels 1.1320-1.1360. At the same time, in recent days, the structure of the side movement has been significantly changed and now the scenario with the release of the currency pair from consolidation upwards is more likely.
 Resistance Levels: 1.1360, 1.1400, 1.1450.
 Levels of support: 1.1320, 1.1260, 1.1200.
The main scenario - growth to 1.1400
Alternative scenario - consolidation below 1.1320 and decline to 1.1260.

The general background in the market remains neutral, but there are prerequisites for the resumption of upward movement within current framework. Therefore, intraday preference should be given to buying the from the intermediate support levels of 1.1320 and 1.1340.

19 comments :

  1. Essayssos27 February 2019 at 11:04

    I truly grateful for this post. I’ve been trying everywhere for this! Impart goodness I found it on this post. I really esteem your work and that I expect in future I’ll come back for additional data. Like this one. Some points described here were new for me and it was really wonderful to go through such informative post. You have created my day! Thanks again!
    Web: Best essay writing service

    ReplyDelete
  2. IP FInder21 April 2019 at 19:49

    Free IP Geolocation API
    IP Finder offers one of the leading IP to geolocation APIs and global IP database services worldwide

    ReplyDelete
  3. Angel Claudia23 October 2019 at 11:58

    Getting Research Paper for Sale Online, Dissertation Literature Review Help from the best Research Papers for Sale company in the USA.

    ReplyDelete
  4. hona7 January 2020 at 19:15

    I can see that you are an expert at your field! I am launching a website soon, and your information will be very nice for me.. Thanks for all your help and wishing you all the success in your business. www.megadede.com

    ReplyDelete
  5. Mario25 April 2020 at 20:13

    To a great degree roused! Everything is extraordinarily open and clear illustration of issues. It contains truly realities. Your site is incredibly imperative. Thankful for sharing.

    megadede login

    ReplyDelete
  6. Logan Riley19 August 2020 at 16:45

    Hello, I would like to thank you for sharing this interesting information. I appreciate reading it. The material you have provided here will be useful for a lot of people. I will use it together with the https://writessay.org/excel-homework-help.php task.

    ReplyDelete
  7. 토토사이트24 March 2021 at 04:33

    Your writing is perfect!! You gave me great joy!! Please come to my site and give your opinion. 토토사이트

    ReplyDelete
  8. 먹튀신고20 June 2021 at 11:12

    My programmer is trying to convince me to move to .net from 토토사이트. I have always disliked the idea because of the expenses. But he's tryiong none the less.

    ReplyDelete
  9. Unknown2 August 2021 at 06:32

    That's a great article! The neatly organized content is good to see. Can I quote a blog and write it on my blog? My blog has a variety of communities including these articles. Would you like to visit me later? 메이저안전놀이터

    ReplyDelete
  10. Unknown9 August 2021 at 07:45

    When did you start writing articles related to ? To write a post by reinterpreting the 메이저안전놀이터 I used to know is amazing. I want to talk more closely about , can you give me a message?

    ReplyDelete
  11. Crown99911 August 2021 at 07:09

    This is one very interesting post. I like the way you write and I will bookmark your blog to my favorites. 7mcn

    ReplyDelete
  12. unknown15 August 2021 at 07:37

    Thank you for some other informative blog. Where else could I get that type of information written in such an ideal means? I have a mission that I’m just now working on, and I have been at the look out for such information. 안전놀이터 It helped me a lot. If you have time, I hope you come to my site and share your opinions. Have a nice day.

    ReplyDelete
  13. Bé Đức17 August 2021 at 06:39

    Of course, your article is good enough, 먹튀검증 but I thought it would be much better to see professional photos and videos together. There are articles and photos on these topics on my homepage, so please visit and share your opinions.

    ReplyDelete
  14. unknown6 September 2021 at 06:19

    What a nice post! I'm so happy to read this. 안전놀이터모음 What you wrote was very helpful to me. Thank you. Actually, I run a site similar to you. If you have time, could you visit my site? Please leave your comments after reading what I wrote. If you do so, I will actively reflect your opinion. I think it will be a great help to run my site. Have a good day.


    ReplyDelete
  15. unknown11 September 2021 at 10:35

    Youre so right. Im there with you. Your weblog is definitely worth a read if anyone comes throughout it. Im lucky I did because now Ive received a whole new view of this. 메이저사이트추천


    ReplyDelete
  16. unknown22 September 2021 at 11:07

    When I read your article on this topic, the first thought seems profound and difficult. There is also a bulletin board for discussion of articles and photos similar to this topic on my site, but I would like to visit once when I have time to discuss this topic. 안전토토사이트


    ReplyDelete
  17. Unknown210 November 2021 at 08:17

    That's a really impressive new idea! 메이저토토사이트추천 It touched me a lot. I would love to hear your opinion on my site. Please come to the site I run once and leave a comment. Thank you.

    ReplyDelete
  18. Crown99913 November 2021 at 08:40

    I would like to thank you for the efforts you have put in penning this site. I’m hoping to view the same high-grade content by you later on as well. In truth, your creative writing abilities has motivated me to get my own, personal website now. keonhacai

    ReplyDelete
  19. Duyen20 January 2022 at 08:41

    Your ideas inspired me very much. 메이저안전놀이터 It's amazing. I want to learn your writing skills. In fact, I also have a website. If you are okay, please visit once and leave your opinion. Thank you.

    ReplyDelete

Subscribe to: Post Comments ( Atom )