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Main » 2016 » August » 17 » Forex forecast for 18.08.2016: EUR / USD
Forex forecast for 18.08.2016: EUR / USD



Trend EUR / USD remains bychim- pair is trading above the 61.8 Fibonacci extension (minimum-maximum uptrend 2000-2008), which passes near the level EUR 1.1995. Market in consolidation mode.




Current situation

Despite the deterioration in the general market sentiment, the correction in the stock markets and the strengthening of the US currency, the EURUSD pair is trading steadily today at EUR1.1270 levels, consolidating after yesterday's growth EUR1.1180 to EUR 1.1323.


Forecast EUR / USD

Expected range consolidation trade between 1.1195-1.1235, the old resistance area, which now acts as a strong support, and above 1.1300-1.1322.


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