The price is on bearish market condition with the secondary ranging within the following key support/resistance levels:
Intermediate support levels for this pairs are the following: 0.6287 and 0.6235.
W1 price is on ranging bearish market condition:
is on bearish breakdown for 0.6102 as the real bearish target.
If W1 price will break 0.6895 resistance level so the reversal from the primary bearish to the primary bullish market condition will be started.If W1 price will break 0.6235 support level so the primary bearish trend will be continuing up to 0.6102 level as the next bearish target.If W1 price will break 0.6102 support level so we may see good breakdown possibility.If not so the price will be ranging within the levels.
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Sergey Golubev, 2015.11.07 07:29
Forex Weekly Outlook Nov. 9-13 (based on forexcrunch article)
The US dollar surged across the board as a December rate hike looks very real. Employment data from the UK and Australia, speeches from Mark Carney and Mario Draghi, German GDP data , US Retail sales stand out. These are the main events on forex calendar.
The US Non-Farm Payrolls report for October showed strong growth with a 271,000 payrolls increase following two straight months of lukewarm gains. The unemployment rate declined to a 7-1/2-year low of 5.0%, demonstrating domestic strength. This robust reading may signal the well-awaited rate hike announcement in the Fed’s next meeting in December which was also evident in recent Fed talk. Another encouraging piece of news is the wage gains and robust consumer spending, showing an upbeat picture of the economy on the verge of the fourth quarter.
Sergey Golubev, 2015.11.13 17:33
Forex Weekly Outlook November 16-20 (based on the article)
The US dollar had a mixed week after the NFP. Japan GDP data, Inflation data from the UK, the US and Canada and a rate decision in Japan stand out. These are the main events on forex calendar. Here is an outlook on the market-movers for this week.
A long list of Fed speakers basically left expectations for a Fed hike unchanged, thus leaning towards a move in December. Yellen remained silent. In the euro-zone. Data was mixed, with a disappointment in retail sales but upbeat consumer confidence also a positive JOLTs report, Draghi reiterated his desire to act in December: provide more easing. In Australia, the jobs report was excellent and falling oil prices weighed on the Canadian dollar.