Forex forecast for 18.08.2016: EUR / USD - 17 August 2016 - free no deposit forex bonus
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Main » 2016 » August » 17 » Forex forecast for 18.08.2016: EUR / USD
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Forex forecast for 18.08.2016: EUR / USD

 

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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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