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Main » 2018 » August » 2 » Forex Forecast EUR / USD pair today 08.02.2018: Euro drops
Forex Forecast EUR / USD pair today 08.02.2018: Euro drops


The euro was down before and after the Fed meeting. PMI in the euro zone manufacturing sector was 55.1, which corresponds to the forecast. Presented US data showed mixed performance. The number of employees on ADP data in July increased by 219 thousand. With growth forecast at 185 thousand. PMI in the manufacturing sector ISM fell to 58.1 while the forecasted value of 59.5. The volume of construction costs decreased by 1.1% with growth forecast at 0.3%. 






Technical outlook EUR / USD today shows, the EURUSD pair depreciates to the support at 1.1645, a break and consolidation below the level will enable the cubs to test the level of 1.1600. At around 1.1740 strong resistance if the euro buyers will be able to overcome it will be the opportunity for growth of quotations of the euro to the level of 1.1830. At the time of writing EURUSD forecast trading at 1.1663




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