Free no deposit Bonus Forex
Saturday, 22.09.2018, 15:48
Welcome Guest | RSS
Main RegistrationLogin
Site menu
Login form
Earn 3-10% per
FreshForex bonus
Cripto Invest

Total online: 1
Guests: 1
Users: 0
Main » 2018 » August » 24 » The euro dollar forex technical forecast EUR / USD today 24.08.2018: EUR trying to find a foothold
The euro dollar forex technical forecast EUR / USD today 24.08.2018: EUR trying to find a foothold


Results of the last trading day EURUSD:

In Thursday, August 23, trading in the euro ended in the fall. After the upward correction to 1.1591 euro fell to 1.1530. Drop in prices contributed to a statement the president of the Federal Reserve Bank of Kansas City, Esther L. George, the Fed should continue raising interest rates in the current year and possibly next year. She believes that two more rate hikes may be in this year.





Published statistics in the United States:

The number of applications for unemployment benefits in the US for the week to 19.08 amounted to 210 thousand. (Forecast was 215 thousand., The previous value of 212 thousand.).

index of business activity in the manufacturing sector in the US version of Markit 54.5 (forecast was 55.1, previous 55.3).

index of business activity in the services sector in the United States according to the company Markit 55.2. (Forecast was 55.9, previous 55.0).

The number of sales of new homes in the US 627 thousand. (Forecast was 643, the previous value of 638).


Planned statistics (GMT +3):

At 09:00 Germany will report on changes in GDP for the II quarter.

At 11:30 Britain will declare a change of approved applications for mortgage loans according to the BBA in July.  

At 15:30 the US will publish data on the volume of orders for durable goods in July.

At 17:00 is scheduled the speech of the US Federal Reserve J. Powell. It can have a strong impact on the market. But in what direction is uncertain.

At 20:00 Baker Hughes will present data on the number of active drilling rigs for oil production.

Economic Symposium in Jackson Hole


Fig. 1 hourly chart of EUR / USD


The current situation is EUR / USD:


Expectations for correction yet met. Sellers pair EUR / USD 1.1542 and updated at least remained to bargain about 67 grams. It would be better if they were in trading in Asia continued to sell the euro, by analogy yesterday in the US session.

Trend line pair EURUSD passes through 1.1510. If you take the time to drop, then to 12:00 gmt +3 price to meet her at the level of 1.1513. If the euro buyers will compete for the 1.15, the drop may be limited to the level of 1.1520.  

Today the head of the US Federal Reserve acts J. Powell. An important event for the dollar. If it would be a monetary policy, expect increased volatility in the market. If EURUSD traders will be weak today and can not get through the trendline, then a truncated formation can be expected bounce up. About 1,1510-15 better to close all or part of EURUSD shorts.

In Washington negotiations between the US and China. Let's see what they are completed and after they write Trump in his twitter.


EUR / USD forecasts Vladislav Antonov Alpari



Views: 16 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Forex Brokers
«  August 2018  »
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright © 2018-2012
    Website builderuCoz