Quotes of the euro the dollar in the foreign exchange market on Tuesday declined from 2-week high, on strengthening greenback against the background of increasing demand for haven assets. The United States accused the Chinese Huawei corporation of bank fraud and violation of sanctions against Iran, which is a negative factor in the upcoming talks between the US and China for the settlement of trade disputes. Negotiations will be held on Wednesday and Thursday between China and the US Trade Representative, Vice-Prime Minister. Market participants are also awaiting the announcement of the Fed meeting, which will take place today.
Technical pair EURUSD forecast for today: Euro Buyers were able to break the resistance 1.1440, but to gain a foothold above the EUR / USD could not, and fell to the 1.1400 support, from where buyers were again to buy the euro. At the time of writing the pair EUrUSD trading at 1.1430. According to the forecast EURUSD on January 30, it is likely buyers of European currency once again try to test the resistance 1.1440 and if will be able to gain a foothold above the growth rate EURUSD will follow to the new target 1.1480. An alternative to the euro dollar breakdown and consolidation of sellers below 1.1400 is likely depreciation of the euro to around 1.1350.
You want to trade without investing in forex, get no deposit bonus , earn income and output