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Main » 2019 » January » 29 » Euro dollar technical outlook on the EURUSD 29/01/2019: The euro strengthened
Euro dollar technical outlook on the EURUSD 29/01/2019: The euro strengthened


Forex trading on the foreign exchange market on Monday, the EURUSD exchange rate strengthened and closer to 2-week high. Kurc ​​European currency showed an increase of weakening greenback, which began on Friday and continued into the first trading day of the week on news that the Fed may stop to reduce the balance, that is a sign that the regulator will not carry out further tightening in the near future, monetary policy . On Wednesday a meeting of the Federal Reserve. Market participants' attention will be riveted to the rhetoric of the head D. Powell.





EuRUSD technical forecast for today: buyers of the euro the dollar attempted to break through the resistance at around 1.1440, but not yet able, the EURUSD rate slightly adapted, at the moment the euro was trading at 1.1426 to the US dollar. If the euro buyers will be able to break and consolidate above 1.1440 resistance will likely continue to grow Euro-currency exchange rate to the level of 1.1485. If the resistance 1.1400 resist, sellers EUR / USD can expect depreciation of the euro to 1.1355.    



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EURUSD forecast and analyst for today WELTRADE



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