USDCHF pair Analytics based on the circular level, price channels and altered wave analysis.

24/10/2019 business idea and the technical outlook USDCHF

A currency pair trading USDCHF in the range 135 and 365 downwardly moving averages. In Awesome Oscillator indicator formed bearish divergence and Stochastic Oscillator indicator indicated a yield of pereprodannosti zone. Break fractal start (0.9895) give the formation of the structure within the downlink downward wave level H4 C.

1.  Today Mario Draghi will hold a last meeting as head of the ECB   
2. The EU can not decide on the duration of the new extension on Brexit

Events today:

14.30 MSK. Eurozone: The publication of the ECB's decision on the basic interest rate.

EURUSD forecast for today 24/10/2019
 

The main event of the day will be the ECB meeting. Any changes in monetary policy should not be expected, since it was announced about the easing of monetary policy at the September meeting. This meeting will be the last for Mario Draghi, who in a few days to resign. What can finally say M. Draghi? Probably it will mark the seriousness of the problem of deflation, and the need to use unconventional measures to address this issue. How the market will react to it? Most likely, we will have a neutral reaction, because now investors are more focused on the upcoming meeting of the Federal Reserve, which is scheduled for 30 October. Euro today demonstrate sideways and European stock indexes # DAX30 # CAC40.

EURUSD recommendation: flat 1.1100 -1.1180