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EUR/ USD finally broke the strong resistance 1,1650 and rushed up, reaching 2-week high 1,1749. And all important question – why?
this question has no answer. There are no fundamental triggers was not. But the Euro sat for a long time in a narrow range. And the market began to understand that to sell the single currency only one disappointment about the ECB's position no one wants. Especially in the context of a fairly stable economy.
This creates good conditions for the growth of the pair in the future. Especially if the Euro gets support from the economy. Thursday will be published data on inflation. The market is already expecting weak data, so any even a little pleasant surprise can trigger a new leap up currency with immediate goal at around 1,1820.
it Should be noted that the same pair is in my quarter cube Currency where can you find a more long-term recommendations on the deal. To receive signals, you just have to fill out this form .
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee results.
Game of thrones battle of the cubes. Forecast for Q4 2017
"Winter is coming..." This phrase is not only the main message of the series Game of Thrones, but the message of the new quarterly forecast. We're getting closer not only to the calendar winter, but also to the peak of geopolitical risks and global challenges. And in the new order will win only the strongest or the combined forces. Which currency will be the weakest in the 4th quarter? On which index to make a bet? What metals will rise in price? Should I buy aproactive? All of these questions you answer, the analysts of Forex Club in the next quarterly forecast.
eur/usd, Forex club
Not found economic events 2017-11-15 on 2017-11-15
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