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Main » 2019 » September » 20 » Fundamental analysis and forecast of EUR / USD 20.09.2019: EUR / USD is growing by the weakening of the dollar and positive news about BREXI
10:29
Fundamental analysis and forecast of EUR / USD 20.09.2019: EUR / USD is growing by the weakening of the dollar and positive news about BREXI

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The EUR / USD is trading in the green zone on the background of the global weakening of the dollar. Thus, investors react to the outcome of FOMC meeting, which indicate the mixed prospects for changes in interest rates in the second half.


Additional support for the euro has a positive news about Brexit. The head of the European Commission Jean-Claude Juncker said on the possibility of concluding a new agreement on Brexit until 31 October. Just Juncker confirmed reports that Boris Johnson sent him a document on proposals for the formation of a new agreement.

 

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Today there is no important news in the US and European economic calendar. Therefore, in the European session trading in the focus of the market will be in the news related to the negotiations between the British Minister for Brexit Stephen Barkley and chief negotiator on EU Michel Barnier. On the American trading session, you should pay attention to the speech of FOMC members Williams and Rosengren.


The graph EURUSD pair remains horizontal range of 1.0990-1.1085. Bulls gradually increasing pressure on the upper limit of the range. Therefore, the priority is the scenario with the breakdown level of 1.1085 and the development of the movement in the direction of the level of 1.1155.  

 

Resistance Levels EURUSD: 1.1085, 1.1100, 1.1155.

EURUSD support levels: 1.1030, 1.0990, 1.0925.

The main scenario - the breakdown resistance at 1.1085 and the development of medium-term movements EURUSD to 1.1155.

Alternative Scenario - EURUSD consolidation in the range 1.0990-1.1085.

 

In the forex market remains moderately positive news background. On EURUSD chart bovine predominate signals. We give preference to intra-day buying the pair EURUSD, which should be seen in the level of 1.1040 area

 

 

Analytics and forecasting the EURUSD  FORTFS

 

 

Views: 36 | Added by: mik | Rating: 0.0/0
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