Analysis and forecasts for EUR / USD 01/27/16
Before us the most important figure of this week due to a Fed meeting.
Along with the writings of the meeting, the Federal Reserve will release its decision on interest rates. Members of the Fed will leave interest rates unchanged and certainly will refer to external factors that may affect the pace of raising interest rates in the future. Whereas falling oil prices and the situation in China, it seems probable that the Fed members will reject the fast pace of interest rate increases.
After the recent market turmoil, analysts assume the next hike until June.
The outlook for EUR / USD:
The technical situation on the main currency pair remained virtually unchanged. Eurodollar has long been moving sideways, waiting for a signal for further direction. According to me the signal to stronger traffic can be records of the meeting of the Fed.
If there is a break through 1.0945 level demand will have an open path to higher price levels. In this case are possible increases in the vicinity 1,0980-90 or even 1,1025-50.
In the second case, if the supply will lead to break support at 1.08 and 1.0778 supply should head for the support 1,0680-1,0715. At this level, it will be possible rebound declines.
In my opinion, the downward variant is more likely.
Along with the writings of the meeting, the Federal Reserve will release its decision on interest rates. Members of the Fed will leave interest rates unchanged and certainly will refer to external factors that may affect the pace of raising interest rates in the future. Whereas falling oil prices and the situation in China, it seems probable that the Fed members will reject the fast pace of interest rate increases.
After the recent market turmoil, analysts assume the next hike until June.
The outlook for EUR / USD:
The technical situation on the main currency pair remained virtually unchanged. Eurodollar has long been moving sideways, waiting for a signal for further direction. According to me the signal to stronger traffic can be records of the meeting of the Fed.
If there is a break through 1.0945 level demand will have an open path to higher price levels. In this case are possible increases in the vicinity 1,0980-90 or even 1,1025-50.
In the second case, if the supply will lead to break support at 1.08 and 1.0778 supply should head for the support 1,0680-1,0715. At this level, it will be possible rebound declines.
In my opinion, the downward variant is more likely.
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