Euro Outlook
The euro seems to be all dynamic and energetic heading to 1.4500/50 in the next sessions/week… participants are expecting the fed to trim u.s. interest rates on wednesday’s fomc meeting, and are betting on a further cut in december… technically, a possible slight corrective pullback may occur in the next 48 hours, probably after 1.4440/70 resistance, that may drive the euro down a bit to around 1.4380/55, possibly lower but maximum to 1.4330/15 (not favoured) before a new rally to 1.4485/1.4515 where we would expect a bigger consolidation to take place… the medium-term trend is euro-bullish and the target is 1.4655/65 in a 2-3 weeks time-zone; and only an hourly close below 1.4270 (anytime) can delay this upmove… the long-term objective was reviewed to the upside, with a new target at 1.4845/1.4950 that will looked at more confidently once the 1.4665 hurdle is out of way…. this trend will remain valid and ongoing unless a daily close below 1.4000 is registered anytime.
Invest2forex.com accepts no liability whatsoever for any direct, indirect or consequential loss arising from the use of this report or its content. Any forecasts are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. This report is not to be construed as providing investment services in any jurisdiction where the provision of such services would be illegal. Nothing herein shall be construed as a recommendation to buy or sell any financial instrument or security. This communication prepared by leading forex broker is for information purposes only. Investors should also consider this report as only a single factor in making their decision to make currency investment.
Windows Virtual Private Server (Windows VPS) forex vps mt4 vps