Technical analysis and forecast of the euro / dollar (EUR / USD) 23.12.2014
Fig. 1. The daily chart
Bulls in the euro / dollar tried to take revenge, and for a while the euro / dollar began to recover. But trying to growth is limited by the resistance line of the descending channel. At the moment, the more likely is a continuation of the downward trend euro in order to access to the support of 1.1875, where a trend reversal can follow up. As a minor support will make a mark 1.2040, from which also can not be ruled trend reversal up.
The forecast of the euro dollar 23 December 2014 (EUR / USD)
On Monday, the Forex market multidirectional trend. The euro / US dollar (EUR / USD) during the day moderately in demand on profit taking on short positions. No important macroeconomic statistics published in this day and it was against this background that the pair EUR / USD was observed quite sluggish trade within a narrow range of 1.2219 -1.2279.
Technical analysis and forecast of the euro dollar (EUR / USD) for today
Fig. 1. The daily chart
The euro exchange rate dollar returned to the downward trend channel and continued to decline, at least refreshing. In the short term, this trend is likely to continue. In this case, the goal may be to support 1.1875, slightly below the support line which passes downward channel. As a secondary support can make a mark 1.2040, which is not excluded from the reversal of the trend upwards.
The regular week in the Forex market. What can we say about the dynamics of the euro / dollar last week?
The price movement of the currency pair EUR / USD last week, largely in line with our expectations and our forecast. The forecast assumed - the resumption of the corrective rise of the single European currency to the established in the forecast level, and then turn and fall of the pair to the key support level of 1.24; 1.23 and 1.22. The actual movement of the pair confirmed our expectations. After the opening of trading, the rate of the single European currency, really turned on the rise and began to grow rapidly.
The forecast of the euro dollar 22 December 2014 (EUR / USD)
On Friday, the US dollar has set a fresh 8-year high - dollar index basket USDX closed trading at around 89.60. The euro dollar (EUR / USD) the last three trading days remained under pressure amid the outcome of the meeting of the US Federal Reserve.US monetary authorities have moved with conservative views on moderately aggressive about the prospects for monetary policy that supports the demand for the dollar. Against this negative background, the euro / dollar has lost 0.47%, ending trading at 1.2229.