Forex. Technical analyst and forecast rate EUR / USD (euro dollar) on 03/09/2015
On Friday, the Euro triumph sellers, bulls on the euro suffered a complete fiasco, at the beginning of the trading session the price broke the support 1.1010 and the euro, the euro fell to 1.0940 support. Where the fall of the euro stalled a bit, and quotes pair rose to 1.0970. Traders waited for the release of the data nonfarm payrolls, further bears nothing held back. The euro / dollar continued its steep dive to 1.0850 support, broke support and finished the last trading day of the week at a price of 1.0849
Noting that employment continues to grow rapidly surpassing expectations, GS now expects March 18 Fed modifies its forward guidance, removing from it the word "cautious» (patient), and may make an allusion to the fact that the first rate hike will take place in June, although the main scenario Goldman Sachs is the first increase in September.
Yesterday Mario Draghi said that the ECB will start March 9 redemption of government bonds in order to stimulate economic growth in the Eurozone.Against the background of these news the US currency strengthened against a basket of other major currencies. Gold traded for US dollars, so a stronger dollar makes gold more expensive for buyers using foreign currencies.
The main scenario: sales below the level of 1190.00 in order to 1180.00.
Alternative scenario: buying at a penetration level in order to 1200.00 1210.00.