Technical analysis and forecast rate EUR / USD (EUR \ USD) for today
The European currency continued to strengthen against the US dollar, resulting in the euro / dollar came close enough to the resistance in the region of 1.1500. If the euro fails to overcome the resistance, it will confirm further growth in the euro / dollar to 1.1875 resistance and the resistance line of the descending channel.
Tuesdays dollar Sha was unsuccessful, the US currency lost ground against all of its major competitors - the dollar index basket USDX finished shopping day at around 94.20. The euro against the dollar (EUR / USD) throughout the day in demand against the publication of negative macroeconomic statistics from the United States on orders for durable goods. In December, sales declined by 3.4%, while the market is expected to grow by 0.6%. In this report, it is not surprising - reduction in the level of average earnings in the last month of the year has forced US consumers to save more than you spend. You can not ignore the fact that traders ignored the strong US data on consumer confidence and new home sales. Apparently, market participants believe strongly oversold euro currency and liquidate short positions. By the end of the day, the euro \ dollar added 1.05%, ending day at 1.1357.
Forex. The forecast of the euro / dollar (EUR / USD) as of today
The victory of the opposition leftist party "Syriza" in the elections in Greece dropped the rate of the euro / dollar to the level of 1.1097. The background for this fall began an aggressive program of the party and the radical statements of its leaders, demanding cancellation of most of the country's debt (320 billion. Euros), the rejection of reforms and austerity programs. In this respect, creditors have repeatedly stated that the debt cancellation can not be the case if the new government will insist on this principle, Greece will have to say goodbye to the eurozone.
Following the auction on Friday, the European indices continued to be updated historical highs. Germany's DAX was trading at around 10,800 points and by the end of the week will reach 11,000 points. The next upside target will be the mark of 11,500 points, which we can win until the end of the 1st quarter of 2015.
Report for the 4th quarter of 2014 presented yesterday giant in the field of software - Microsoft. However, earnings failed to please investors. Earnings per share amounted to $ 0.71, which was worse than analysts' expectations. Note also the low popularity of the operating system Windows 8 and not high in sales of smartphones Lumia, what is possible and has led to poor performance. Shares on the following trading session lost more than 4 percent.