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Main » 2019 » February » 25 » The euro dollar forex technical EURUSD forecast for today 25/02/2019: Consolidation is expected to continue in the downward channel
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The euro dollar forex technical EURUSD forecast for today 25/02/2019: Consolidation is expected to continue in the downward channel

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Results of the last trading day EURUSD:


On Friday, February 22, the single currency traded mixed against the US dollar. In the American session the EURUSD dropped to 1.1317. By the close of trading in Europe, EURUSD recovered to 1.1356.


The pressure on the US dollar has provided a decrease in yield of US government bonds. It could cause a decline in the US Federal Reserve report on economic growth rate in 2018, courtesy of Congress. Expectations of GDP is less than three percent caused concern among investors

 

 

 

 

Planned statistics (GMT + 3): 

At 13:00 will take place performance of the Bank of England Governor Mark Carney head.

 

 

Current Situation EURUSD:


At the time of writing, the euro is worth 1.1345 review. Within two weeks of my holiday, the market situation has not changed. Hard flat with a small extension to the upper limit of 1.1371. For three days the volatility decreased. Price does not even reach 45 grams. Now it is trading in a downward channel near lb. carrying line  

 

According to the forecast EURUSD forward test 45 th degree (1.1313) from the top of 1.1366. Indicators from the 1H and 4H potential for growth remains, but today I stick hour cycle on which good growth EURUSD is expected on February 26 in the US session. 


Friday's drop in EURUSD buyers bought. By volume, it can be assumed that the phase is set longs. If we expect strong growth in EURUSD, the front of it, we, in theory, need more time to update the minimum. During operation stops small players are activated limit orders major players. We need to confuse the small speculators, so that their account of the big players were able to profitably enter a long position.

 

The euro dollar forecast for EURUSD today Vladislav Antonov Alpari

 

 

 

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