after comes back at the end of last week, the eur / usd pair had encountered resistance from 1.12, which always seems to impede this morning.
recall that last week had been eventful, with the final balance down through meeting of the fed which generally increased the dollar. the pair had made progress on wednesday afternoon with us in numbers, before falling in the evening with a meeting of the fed’s more optimistic than i expected.
at the end of the week, traders have made profits in their positions of sales staff, which led to a rebound, but not before testing the medium with a low key 1.1165, weekly on the 1.1132.
that is valid, it means that the eur / usd pair is 1.12, and run quickly new 1.1160. this will be in line with the new goal of 1.1100-10.
from the point of view of the graph, it can be seen that the increase of eur / usd is also contained in a line downward trend evident since the 06 / 07, and which we believe are still valid, despite the test related to the volatility of last wednesday.
finally, with regard to macroeconomic news, it is important to note that no statistical influence on the pair potential can be expected in the eur / usd today.
at present, the eur / usd pair orbits 1.1195 on forex.
the eur / usd graph h1
see also our.
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