[ARCHIVE] FOREX - Trends, Forecasts and Consequences (Episode 14: April 2012) - page 77
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Review
The euro-dollar pair started the new week with the continuation of the end of the old trend. Prices continued downward movement and got quite close to the support level 1.3000, and even "punched" this level (session low was fixed at 1.2994). So far, the pair failed to fall further, and most of the time prices consolidate in the extremely narrow range of 1.3010 - 1.3025. The pair shows low dynamics in the absence of significant macroeconomic data. Some support for the Euro was provided by the news on a minor reduction in Italy's sovereign debt which helped the currency to rise to 1.3040.
Forecast
In the coming trading session the report on retail sales from USA is likely to have an impact on the dynamics. Good figures will once again confirm the assumption that the U.S. Federal Reserve will not start the third round of quantitative easing in the near future. Naturally, in this case the dollar will be able to get support and the Euro/dollar will once again test the level of 1.3000, a break through which will open the way to 1.2950/1.2940. Additionally, speeches by Fed officials are worth a closer look and may contribute to the momentum, especially if QE3 views change.
© GC FOREX CLUB
This is always the case with the news: half an hour after the conference starts, you can safely trade in the opposite direction to the forecast.
The euro is stuck in a range
Overview
The euro-dollar pair started the new week with the continuation of the trend of the end of the old one. Prices continued downward movement and got quite close to the support level 1.3000, and even "punched" this level (session low was fixed at 1.2994). So far, the pair failed to fall further, and most of the time prices consolidate in the extremely narrow range of 1.3010 - 1.3025. The pair shows low dynamics in the absence of significant macroeconomic data. Some support for the Euro was provided by the news on a slight decline in Italy's sovereign debt, which helped the currency to rise to 1.3040.
Outlook
At the upcoming trading session a report on retail sales from USA is likely to have an impact on the dynamics. Good figures will once again confirm the assumption that in the near future the US Federal Reserve will not start the third round of quantitative easing. Naturally, in this case the dollar will be able to get support and the Euro/dollar will once again test the level of 1.3000, a break through which will open the way to 1.2950/1.2940. Additionally, speeches by Fed officials are worth a closer look and may contribute to the momentum, especially if QE3 views change.
© GC FOREX CLUB
do you even realize that this is bullshit? )))
Or is (highlighted ) not understandable as it is ? )))
well a decline is inevitable, in the Asian session so for sure....
really want to believe ))))))))))))
now testing the day's price from below ....
as always .... can't be without it .... vigilant ... shit
sold ... here
didn't close higher ... good signal...
sold ... here
didn't close higher ... good signal...
The indicator showed a downward vibration time of 18.29 Kiev time. Let's see...
And on the M4, it's like this: