Summary Monday at a glance:
Small liquidity and apathy in the stock market in the absence of markets for the US and the UK. The currency pair moved today, in a narrow range between 1,0958-1,1011 within the local consolidation.
Economic Calendar for Tuesday:
14:30 USD Core orders of fixed assets
14:30 USD Orders assets
15:00 USD composite house price index S & P / CS,
15:45 USD PMI index for services
16:00 USD Consumer confidence Conference Board
16:00 USD Sales of new real estate
16:00 USD New Home Sales
Forecast for Tuesday:
The situation on the currency pair has not changed. In a broader perspective, I look forward to further declines towards 1.08 but before they happen, we should see a correction recent declines. In my opinion, the course discussed the currency pair should reach around the resistance zone 1,1055-1,1060. At present, this corresponds to the upper limit the downward channel. Even raise these levels and reach the resistance level at 1.1090 will not be a pretext to change the trend. In my view, the downward variant is the preferred option and any breaking upward, the market will be treated as a good opportunity to open short positions.
Common currency still pregnant Greece and worse readings by members of the US Fed is a temporary problem.
I encourage everyone to comment and wish you many successful investments.
Small liquidity and apathy in the stock market in the absence of markets for the US and the UK. The currency pair moved today, in a narrow range between 1,0958-1,1011 within the local consolidation.
Economic Calendar for Tuesday:
14:30 USD Core orders of fixed assets
14:30 USD Orders assets
15:00 USD composite house price index S & P / CS,
15:45 USD PMI index for services
16:00 USD Consumer confidence Conference Board
16:00 USD Sales of new real estate
16:00 USD New Home Sales
Forecast for Tuesday:
The situation on the currency pair has not changed. In a broader perspective, I look forward to further declines towards 1.08 but before they happen, we should see a correction recent declines. In my opinion, the course discussed the currency pair should reach around the resistance zone 1,1055-1,1060. At present, this corresponds to the upper limit the downward channel. Even raise these levels and reach the resistance level at 1.1090 will not be a pretext to change the trend. In my view, the downward variant is the preferred option and any breaking upward, the market will be treated as a good opportunity to open short positions.
Common currency still pregnant Greece and worse readings by members of the US Fed is a temporary problem.
I encourage everyone to comment and wish you many successful investments.